BlackBerry passes 10m subscriber mark

Research in Motion has announced strong second-quarter results for its BlackBerry brand, adding around 1.45 million subscribers to break the 10 million mark. Revenue for the second quarter of fiscal 2008 reached $1.37bn, up 27% from $1.08bn in the previous quarter. Co-chief executive Jim Balsillie noted that strong demand for the BlackBerry Curve and BlackBerry Pearl handsets was behind the numbers and that the BlackBerry service is now available from around 325 operators worldwide. RIM continued its push into the retail market during the quarter, with non-corporate subscriber account additions in the US exceeding 50% for the first time. Device sales made up the vast majority of RIM's revenue at approximately 78%, followed by services at 15%, software at 4% and 'other sources' at 3%.

"RIM's second-quarter results were exceptionally strong on all metrics including revenue, subscriber account additions and net income. With over 10 million BlackBerry subscriber accounts, and over 20 million handsets shipped, we are pleased with our position in the market today. We expect recent product and market initiatives to extend our business momentum through the remainder of the fiscal year," said Balsillie.

News source: vnunet

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