Research In Motion Limited (RIM) surprises Wall Street with better than expected earnings and record BlackBerry sales. Revenue for the third quarter of fiscal 2010 was $3.92 billion, up 11% from $3.53 billion in the previous quarter and up 41% from $2.78 billion in the same quarter of last year.
RIM shipped 10.1 million BlackBerries and added 4.4 million new BlackBerry subscribers last Quarter ending November 28th.
RIM has now shipped over 75 million BlackBerry phones and has a subscriber base of 36 million accounts.
Despite the iPhone and the Android phones, lead by the Motorola Droid, RIM is managing to do extremely well. The BlackBerry fan base is pretty big and established world-wide though.
"RIM is experiencing a great start to the holiday buying season and the strong Q3 results and Q4 outlook clearly reflect the strength of our diversified product portfolio as well as the success of our efforts to expand into broader customer segments and new geographies while maintaining our strong position in North America.", says Jim Balsillie, Co-CEO at Research In Motion.
We also see a strong interest in BlackBerry phones for the holidays and actually feature two BlackBerries in our Top 10 Mobile Phone Gifts 2009.