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80,258 News Articles

New BlackBerry users boost RIM

Profits up 33 percent

BlackBerry maker RIM (Research In Motion) reported yesterday that its net income in the third quarter was 33 percent up on the same period last year, as it shipped 1.1 million new handhelds and added more than half a million new subscribers.

RIM, based in Waterloo, Ontario, said its revenue during the three months ended 26 November was $561m (about £318m), up 53 percent compared with the same time last year. Its net income increased to $120m (£68m) from $90m (£51m) last year.

The total number of handhelds the company has shipped so far this year rose to 2.9 million by the end of the quarter, while its total number of BlackBerry subscriber accounts increased to 4.3 million. The company attracted 645,000 new subscriber accounts during Q3.

Regarding its ongoing litigation with NTP, RIM said its best estimate for its potential costs from the case remains $450m (£256m).

In RIM's Q4, which ends 4 March 2006, the company expects revenue between $590m and $620m (£335m to £352m) as it adds up to 750,000 new subscribers. In Q1 of its next fiscal year, the company expects revenue in the range of $610m to $650m (£346m to £369m), RIM said.


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