Total BlackBerry user base passes 12 million

Summary:The number of BlackBerry users worldwide has now passed 12 million.That's according to BlackBerry-maker Research In Motion, which reported its latest quarterly earnings today.

The number of BlackBerry users worldwide has now passed 12 million.

That's according to BlackBerry-maker Research In Motion, which reported its latest quarterly earnings today. This report encompasses the period from September 1-December 1.

The company said 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.

In addition, the company said that 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.

Net income for the quarter for RIM was $370.5 million, or $0.65 per share diluted, compared with net income of $287.7 million, or $0.50 per share diluted, in the prior quarter and net income of $175.2 million, or $0.31 per share diluted, in the same quarter last year. The net income for the quarter includes a tax recovery of approximately $10.7 million resulting from the resolution of a tax matter relating to RIM's Investment Tax Credits (ITCs).

Finally, RIM said revenue for the fourth quarter of fiscal 2008 ending March 1, 2008 is expected to be in the range of $1.80-$1.87 billion. Net subscriber account additions in the fourth quarter are expected to be approximately 1.82 million. Earnings per share for the fourth quarter are expected to be in the range of $0.66-$0.70 per share diluted.

Topics: BlackBerry, Banking, Government, Government : US, Hardware, Mobility

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