Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Uproar After NC State Agent 'Fixes' Girl's Lunch Preschooler has to eat chicken nuggets instead of mom's meal »

BlackBerry Maker On a Sales Roll

Consumer demand means RIM ends 2007 on a revenue high

By Rob Quinn,  Newser Staff

Posted Dec 21, 2007 12:26 AM CST
Email

(Newser) – Blackberry maker Research in Motion is seeing its sales and profits soar, CNN reports. Third-quarter results show revenue has doubled from a year ago and the Canadian company looks set to end the year on a high. Much of the growth is credited to Blackberry use expanding beyond its corporate base and into the hands of mainstream consumers.

"Consumers want smarter handheld devices," a tech analyst commented, "RIM was smart enough to see this trend early." The quarterly results are ahead of Wall Street expectations and will likely allay fears that RIM would be hit by an economic slowdown and competition from the iPhone. The firm's stock leaped more than 10% following the news.

BlackBerries have been around for year, but mostly in the corporate world. It's only recently that makers Research In Motion have started making a big push for consumer sales with new models.
BlackBerries have been around for year, but mostly in the corporate world. It's only recently that makers Research In Motion have started making a big push for consumer sales with new models.   (Getty Images)
Research In Motion's headquarters in Waterloo, Ontario. The company's revenue has more than doubled from a year ago, with some of that growth being credited to growing consumer demand for Blackberries.
Research In Motion's headquarters in Waterloo, Ontario. The company's revenue has more than doubled from a year ago, with some of that growth being credited to growing consumer demand for Blackberries.   (Flickr)
The BlackBerry 8800 smartphone is photographed in this Feb. 9, 2007 file photo in New York. BlackBerry maker Research In Motion Ltd has posted third-quarter earnings ahead of Wall Street expectations.(AP Photo/Mary Altaffer, file)
The BlackBerry 8800 smartphone is photographed in this Feb. 9, 2007 file photo in New York. BlackBerry maker Research In Motion Ltd has posted third-quarter earnings ahead of Wall Street expectations.(AP...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

Profits double at BlackBerry maker
Bloomberg

iPhone gains ground
Associated Press

 
technology • stock market • cell phones • email • BlackBerry • telecommunications • RIM

More Newser Stories

RIM's Co-CEOs Step Down

BlackBerry Unveils New Operating System

RIM: Sorry About BlackBerry Outage ... Want Free Apps?

Text, Email Backlog Blamed for BlackBerry Outage

BlackBerry Outage Hits US
NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne