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RIM’s Earnings Report: Smoking

December 20, 2007 in Wireless Industry News

Motion, maker of the popular Blackberry line of devices, announced its quarterly results today:

  • The company earned 65 cents a share ($370.5 million) on revenues of $1.67 billion dollars, vs. analyst estimates of 61 cents a share
  • Blackberry Pearl 8130 CDMA one of the top-selling devices for the quarter
  • 1.65 million new Blackberry subscriber accounts
  • A larger percentage of subscribers were not businesses compared to last year
  • Next quarter’s forecast: 66-70 cents a share, vs. analyst estimates of 65 cents a share

So what does this all mean? Basically that Research in Motion cleaned house and that the Blackberry is starting to shift from the corporate world to everyone else. Then again, if you read that the A-List crowd prefers the Blackberry, you already knew that.

Blackberry Pearl

Research in Motion blows through estimates. Again.

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