RIM: Earnings show we're still in the game

Summary:BlackBerry maker's third-quarter results beat Wall Street estimates, demonstrating that it's still a big player in the smartphone market.

Research in Motion (RIM) beat Wall Street's estimates for the third quarter, showing that the maker of the Blackberry is far from being a has-been in the smartphone game.

For the quarter ending Nov. 27, the company reported net profit of US$911.1 million, or US$1.74 per share, on revenue of US$5.49 billion. Wall Street had been expecting earnings of US$1.64 per share on revenue of US$5.4 billion. (Statement, Preview)

The company said the 82 percent of the revenue came from devices, while 15 percent was attributed to services. The company shipped about 14.2 million devices and added about 5.1 million net new subscribers in the quarter, taking the subscriber account base to over 55 million. Analysts had been expecting 5.2 million new subscribers.

Read more of "RIM: Earnings show we're still in the game" at ZDNet.

Topics: IT Employment

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