One might think that revenue growth of over 24% to $4.24 billion, a 41% earnings per share increase to $1.38, an increase in device shipments of over 43% to 11.2 billion, and 4.9 million net new subscribers taking the total subscriber base up 60% quarter over quarter to 46 million, would actually be considered a pretty darn good quarter. A pretty darn good quarter for this would have been if it weren’t for the pesky analysts that thought a pretty darn good good quarter was going to be most awesome and outstanding quarter.
Research in Motion just missed the street’s expectations by a little, however, they missed by a little in most every category. RIM says that this is mostly due to the later than expected releases of the BlackBerry Pearl 3G and BlackBerry Bold 9650. That actually sounds plausible… RIM’s stock (RIMM) is down close to 2% in after-hours. I am anxious to see what the second half of 2010 holds for RIM.
For those who are Blackberry 6 obsessed – RIM’s Co-CEO, Jim Balsillie, stated that the much anticipated Blackberry OS update will be available before the end of September 2010. Not too much longer!