As you many of you may already have heard, BlackBerry maker, Research in Motion, announced Q3 fiscal 2008 results yeasterday and to make a long story short, a heck of a quater it was.
Revenue for the third quarter of fiscal 2008 was $1.67 billion, up 22% from $1.37 billion in the previous quarter and up 100% from $835.1 million in the same quarter of last year. The revenue breakdown for the quarter was approximately 80% for devices, 14% for service, 4% for software and 2% for other revenue. Approximately 1.65 million BlackBerry® subscriber accounts were added in the quarter and over 3.9 million devices were shipped. The total BlackBerry subscriber account base at the end of the third quarter was approximately 12 million.
RIM sold twice as BlackBerrys as they did for the same period a year ago and 22% more than they did last quarter. That’s not bad. Not bad at all…
Sweet. Both as a consumer and as an investor. 🙂
Did you see the stock price shoot up in after hours trading last night? I believe it was up over 12 bucks.
Sure did. Kicking myself for not picking up more shares when it dipped down to 100 just days ago. I think they just set 100 as the low now, and may not ever visit that number again going forward. Good luck investing Robb.
*** THIS IS NOT FINANCIAL ADVISE ***
RIM stock almost always goes up significantly in after hours right after they report.
“RIM says the hype around Apple’s iPhone has helped its business by focusing attention on multi-function handsets.
“I think [Apple] did us a great favor because they drove attention to the converged appliance base…we think the attention given to [the iPhone] and its impact on the dynamic has been overwhelmingly positive for us,” said Jim Balsillie, co-CEO at RIM”
iPhone. The ultimate holiday gift.
Ring in the new year with the gift of iPhone.
“It took a computer maker and a pager company to convince Americans a mobile phone is worth paying for, and now shoppers are splurging,” Ville Heiskanen reports for Bloomberg.
“U.S. customers shelled out 40 percent more for handsets last quarter than a year earlier, just as Apple Inc. put its Web- browsing iPhone on sale and Research In Motion Ltd. brought out BlackBerry e-mail phones with video features. Spending rose to a record and jumped the most since at least 2005,” Heiskanen reports.
“Americans, previously hard-pressed to pay $50 for a phone, are now more like their European and Asian counterparts and paying $300 to $400 for the top devices,” Heiskanen reports.
“‘The iPhone has made the U.S. consumer appreciate the value of the mobile phone,’ said Carolina Milanesi, an analyst at Stamford, Connecticut-based Gartner Inc.,” Heiskanen reports.
“Sales of pricier handsets such as the iPhone almost tripled last quarter and made up 11 percent of phones sold in the U.S., Port Washington, New York-based NPD said. Shoppers spent $3.2 billion on phones, or $83 each, up from $2.2 billion a year earlier and the most since NPD’s records began in 2005,” Heiskanen reports.
“Rivals to the iPhone and BlackBerry still need to prove they’re up to the challenge. Apple benefits from a loyal following for its iPod music players and Macintosh personal computers, which sell at a premium compared with rival products,” Heiskanen reports. “Research In Motion won over bankers and lawyers with its reliable e-mail pager before branching into phones with video and music players for the consumer market in the past year.
Are you demented? Why don’t you paste War and Peace while you’re at it. Enough of the iPhone sales shit, we’re talking about BB’s here you whack job.
Keep it up and I’m going to have the asylum take away your computer privileges awaw.
BTW Robb can anything be done about that certain poster and his mess? Why must everything be turned around to become a personal attack? Why does this person USE RIMarkable for name calling and implied making fun of disadvantaged people? Whats completely sad about this poster is when the truth and facts are posted to back up opinions, instead of using RIMarkable as a resource for knowledge this poster feels the need to follow up with more ignorant, grandstanding, and derogatory comments. The poster has zero to gain since we’ve all seen his act and see right through his posts for what they are. The real shame is RIMarkable being USED as his personal toilet, when the rest of us would rather see RIMarkable respected for the great site it is. Unlike CR I come browse and post at RIMarkable to for truth, facts, and others thoughts, not a certain posters ignorant, grandstanding, and derogatory comments which are becoming more and more a detriment to RIMarkable and it’s fellow readers and posters.
PS if he could only read and understand he’d see RIM was mentioned in the quoted articles….
You’re pathetic. You don’t have the mental capacity to keep up. I enjoy berating fools like yourself because you’re fixated on something and don’t have the bandwidth to comprehend anything else. We’re chatting about RIMM and how the stock is doing and you pop in and advertise that the iPhone makes a great holiday gift. Do you buy your underwear from KMart in Cincinnati, Ohio?
Now go away so the adults can have a meaningful conversation.
Must this be allowed to continue? bluehorseshoe, while contributing nothing shows his true worthless colors with every one of his posts. Only one with no respect for anyone including you, RIMarkable, and every fellow member here would post in such a way. As everyone knows there is zero being posted by him but ignorant, grandstanding, and derogatory comments. Takes a big man *NOT* to name call and “berate others” over the internet, especially those which have knowledge, common sense and respect for others and others property.
Remember payback is a bitch bluehorseshoe, you have more than proven you and your posts are a complete jokes to everyone here.
Did you not understand what was written?
Go away. Your comments are pointless, your grammar is atrocious, and you repeat the same crap over and over. If you want to advertise your iPhone crap, hop on over to Microsoft and give Steve a call.
Whiny baby. If you take take the heat, then get out of the kitchen.
Really? Perhaps someone better tell our RIMarkable host Robb Dunewood before he starts another topic. Better also tell Robb you personally have such a problem with the Apple iPhone being listed in the Categories “iPhone (RSS) (36)” section. Those in the know, know the iPhone DOES have quite a bit to do with RIM and it’s BB’s (As the above quotes support) FACTS before bluehorseshoe troll fiction.
bluehorseshoe, better to keep on the topics of wireless devices and wireless service since no one wants to read any more of your insults, name calling, rude, crude, ignorant “berating” personal comments, no one cares about your opinion of others. RIMarkable is NOT your toilet. You are in no place to be giving anyone else lip and your words certainly bring no heat, your just a sad person with a fragile ego who wrongly thinks making BS personal attack posts on net forums somehow makes you cool, NOT. We’ve all seen your type come, then go and not be missed in the least. Each one of your posts are meaningless trash which not only show a fool, but also tarnish RIMarkable and help lower the IQ of RIM BB customers everywhere. You might want to really try hard to read that, learn that and understand that before any unwanted payback comes your way, when there is a yin there is always a yang.
I guess it must be break time from your Dungeons and Dragons contest. Troll? LOL…that’s classic. BTW, does your Mom know your using her computer? Bring it on.
BTW…I’m not tossing insults at you, just pointing out the facts. They are probably online with the same notes as your therapist.
wtf is this? Is this 1998 and back on efnet? Good god… Grow up people…
Apple and Research In Motion to make war – or love in 2008?
Saturday, December 22, 2007 – 10:31 AM EST
The war is on between Apple and Research In Motion, the maker of the Blackberry, not only in the consumer market, but also in the business market, “where Apple’s making advances in fits and starts. Years ago, there were people sneaking a new gadget into the office called a PalmPilot. The same people are sneaking in their iPhones, and eventually Apple’s going to have to figure out a way to make nice with Microsoft Outlook without making the heads spin in the corporate IT department,” Arik Hesseldahl reports for BusinessWeek.
Hesseldahl reports, “Now take a look at the Blackberry 9000, a heavily rumored device that looks an awful lot like an iPhone… The battle is underway, and actually has been for some time. Apple and RIM are in for a real donnybrook in 2008,” Hesseldahl reports.
MacDailyNews Take: The Boy Genius Report has some rumored specs and a product photo of the Blackberry 9000 here, which so far looks like YAiR (Yet Another iPhone Ripoff).
Hesseldahl continues, “Apple’s advantage is media. It has iTunes and music and video behind it, which RIM doesn’t do all that well, at least not yet. RIM’s advantage is its established relationships with corporate IT departments, and with many many carriers.”
Hesseldahl writes, “I for once can’t wait to see Apple’s iPhone sales numbers for its Q1 2008, because that will set the tone for the rest of the year, and if they’re high enough, could put RIM on the defensive.”
Carl Howe writes for Blackfriars’ Marketing, “If Apple actually will sell 5 million units by MacWorld AND it keeps up its aggressive deployments AND it makes no serious missteps with new products (like its 3G iPhone), the iPhone could pass the Blackberry to become the best-selling smartphone on the planet in 2008, and possibly the most rapidly adopted phone in the world. Not bad for an entry product in a market that most pundits claimed was impossible for a new manufacturer to enter.”
MacDailyNews Take: While Apple and RIM could very well be ready to fight it out, just imagine if they partnered! By combining their strengths, they could run through the mobile device market like two bulls in a china shop. Either way, Nokia, Palm, Microsoft Windows Mobile-based device makers, Motorola, and others look to be in for a world of hurt in 2008.
Why do you post this crap? A simple link would do. You are really lacking in the digits on the IQ front.
Apple and RIM will not partner, because both make the majority of their profits from selling their hardware, not software. An Apple/RIM partnership would really be a version of BlackBerry Connect for the iPhone, and RIM would stand to lose out big time on that deal. For then you really would have a massive adoption of iPhones for corporate and email use, and RIM would be in essence killing off a large portion of their hardware sales.
I do agree that Apple and RIM are the 2 vendors that seem to have caught fire in the upper end smartphone market. It will be an interesting competition. However, I do believe that when it comes to the full touch screen devices, no one will be able to touch Apple (no pun intended). Unless RIM has been secretly developing their software and hardware technology in this area for the last few years, like Apple has, then they will be seen as offering another weak imitation. Better for RIM to stick to its strength than to try to out-Apple Apple…it cannot be done.
Thought, I agree with all but the idea RIM won’t make blackberry connect for the iPhone. Think RIM would be missing a huge source of income not making a way for millions of iPhone users to use BES and BIS. IMO RIM makes great devices so that more and more people find a way to use the RIM BB service.
Knowing BlackBerry Connect software is available for devices running Palm OS®, Symbian OS™, Windows Mobile® I think RIM deserves more credit for thinking ahead instead of turning their back on others devices. Sometimes working with competitors is the better business choice. Letting devices like the iPhone with millions, and quickly growing user base is a positive, and RIM is smart enough to know that.
Not saying RIM will make BB connect for the iPhone, but don’t think hardware sales is enough reason to not to so. Doesn’t RIM make more $$ from monthly BES and BIS service fee’s than hardware? Also (just a thought) RIM doesn’t need to try to make a iPhone copy since IMO there are many out there which prefer RIM’s device design, but your totally right RIM is not going to make a better iPhone device than Apple.
hellno: actually, I’ve read that RIM makes by far the majority of its profits (somewhere like 75%) from hardware rather than software. It is true that RIM licenses its BB connect software for these other platforms, but I think that is just because these other platforms are no real competition to the BB and it gives them a little bit of extra business.
With the iPhone the dynamic changes because it is such a far greater competitor than Palm, Windows Mobile devices, etc. Sure RIM can scoop up a lot of software licenses for the iPhone if they want, but they do risk losing sales of their full hardware/software solution…in other words, their beloved BB devices. How many people will buy both an iPhone and a BB just to get the BB service, but would go with only an iPhone if it had the BB service on it as well? I guess that’s the real question…if the BB service were on an iPhone, how many sales of BB hardware would be lost?
That will only be answered as time goes by.
I am with Thought on this one. I am not saying that RIM won’t ever offer BlackBerry Connect for the iPhone, however, I can’t see it happening until the “device” is truly considered a commodity and I just don’t see that happening very soon.
There are a lot of BlackBerry users that would move to an iPhone in a heartbeat if they could use it as to do the same work as their BlackBerry.
That loss in RIM’s hardware revenue would far outweigh their gain from iPhone BlackBerry Connect sales.
I value the opinions guys, my ideas came about because of RIM’s work on Blackberry’s virtualization software, which IMO is along the lines of the risk you all bring up. It’s tough to imagine that the iPhone only being announced about a year ago and on sale for 6 months is more of a threat to RIM than other manufacture’s devices like WinMo, Palm, or Symbian but after thinking about it Apple does/did very well with the iPhone, and no other manufacture has been able to come close much less catch up in a years time. Currently (my opinion) my Pearls really show their age when compared with my iPhones. It may come down to RIM going with the iPhone to out maneuver M$’s exchange servers strategy. Since we all know RIM can out maneuver M$. When it comes to consumer demands, competition, and income from millions of potential more BES and BIS customers RIM might not have a choice when it comes to device sales or making money monthly through the backend RIM BB server support.