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BlackBerry Maker Beats Own Forecast

Company earns $287.7M as gadgets reach beyond work world

By Lucas Laursen,  Newser Staff

Posted Oct 5, 2007 8:00 AM CDT
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(Newser) – BlackBerry maker Research In Motion beat its own forecasts for the second quarter, earning profits of $287.7 million, twice what it made the same quarter last year. Earnings were predicted to jump from 50 cents a share to between 59 and 63 next quarter.The company is growing at breakneck speed, reaching 10 million users the second quarter.

Company officials said diversification of their product kept growth strong through the summer slump. RIM has been reaching beyond the traditional BlackBerry business domain into the consumer market, where demand is growing as web-enabled smart phones proliferate. The company has shipped out 20 million handsets, which are now available from about 325 carriers around the world.

A Blackberry displays the Microsoft homepage in a downtown Toronto office, Thursday, Aug. 30, 2007. Research In Motion Ltd. is expected to release quarterly earnings on Thursday, Oct. 4, 2007. (AP Photo/J.P. Moczulski, The Canadian Press)
A Blackberry displays the Microsoft homepage in a downtown Toronto office, Thursday, Aug. 30, 2007. Research In Motion Ltd. is expected to release quarterly earnings on Thursday, Oct. 4, 2007. (AP Photo/J.P....   (Associated Press)
A Blackberry displays the Microsoft homepage in a downtown Toronto office, Thursday, Aug. 30, 2007. Research In Motion Ltd. is expected to release quarterly earnings on Thursday, Oct. 4, 2007. (AP Photo/J.P. Moczulski, The Canadian Press)
A Blackberry displays the Microsoft homepage in a downtown Toronto office, Thursday, Aug. 30, 2007. Research In Motion Ltd. is expected to release quarterly earnings on Thursday, Oct. 4, 2007. (AP Photo/J.P....   (Associated Press)
Rep. Peter Welch, D-Vt., checks his BlackBerry device after a committee hearing on Capitol Hill in Washington, Wednesday, April 18, 2007. BlackBerry service was being restored today morning after an overnight outage that left millions of users without mobile access to their e-mail on the popular device.(AP Photo/Lawrence Jackson)
Rep. Peter Welch, D-Vt., checks his BlackBerry device after a committee hearing on Capitol Hill in Washington, Wednesday, April 18, 2007. BlackBerry service was being restored today morning after an...   (Associated Press)
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The Times reports the BlackBerry is no longer all work and no play
Times (UK)

 
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