About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Thursday, April 1, 2010

RIM Forecasts Strong Quarter

Research in Motion said it expects its revenue for the quarter ending May 29, 2010 to be in the range of 4.25 billion to 4.45 billion US dollars, compared with 3.42 billion dollars in the same quarter last year. That would represent an increase of between 24% and 30% year-on-year.

In the quarter ending February 27, RIM said revenue rose 18% year-on-year to 4.08 billion dollars, compared with growth of 35% across the fiscal year ending February 27.  Still, RIM said BlackBerry subscribers grew 65% over the prior fiscal year to over 41 million, with a record 4.9 million net new subscriber accounts added in the last quarter. source: RIM statement

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