RIM Reports First Quarter Fiscal 2007 Results

Revenue for the first quarter of fiscal 2007 was $613.1 million, up 9.2% from $561.2 million in the previous quarter and up 35.1% from $453.9 million in the same quarter of last year. The revenue breakdown for the quarter was approximately 71% for handhelds, 19% for service, 7% for software and 3% for other revenue. During the quarter, RIM shipped 1.2 million devices.

The total number of BlackBerry subscriber accounts in the quarter increased by approximately 680,000, in-line with the forecast provided in RIM’s press release on Q4 results, to approximately 5.5 million total subscriber accounts.

“RIM delivered a solid quarter with strong revenue, earnings and subscriber results,” said Jim Balsillie, Chairman and Co-CEO at RIM. “BlackBerry’s ongoing competitive dominance is driving strong growth in existing markets and fuelling substantial international expansion.”
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Written by Robb Dunewood on June 29th, 2006 with no comments.
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BlackBerry Connect coming to Palm in July here in the US.

In our excitement over the announcement that a BlackBerry with a camera is coming, we completely overlooked what Research in Motion had to say about BlackBerry Connect here in the United States.

In an eWeek.com interview at the C3 Expo in New York, BlackBerry maker co-CEO Jim Balsillie said that RIM will expand it’s BlackBerry Connect service in the United States. “Twenty non-BlackBerry devices can use the BlackBerry service now,” Balsillie said, adding that 20 more would be able to use it this year.

The hold up on BlackBerry Connect enmasse in the US has been that up until now Blackberry Connect only worked on GSM devices. CDMA still dominates the wireless market in the United States and Balsillie said that focus to this point has been on GSM because “providers want to be able to sell their devices to 200 carriers in 100 countries.”

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Written by Robb Dunewood on June 29th, 2006 with 4 comments.
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