Print 9 comment(s) - last by GTVic.. on Dec 20 at 5:05 AM

Blackberry Playbook tablet.
RIM shipped a record amount of Blackberries last quarter

The trials and tribulations of Blackberry-makers Research in Motion (RIM) have been well-publicized, here on DailyTech and elsewhere. The Canadian company has failed to truly innovate with its latest products, a misstep that could prove fatal in the face of increasing competition from the likes of Android and Apple. But those describing the company as something like "walking dead" might be surprised by third-quarter earnings figures released yesterday.

As BGR reported, RIM's earnings for Q3 actually beat Wall Street predictions in a number of key areas. Revenue was up by 40 percent year-over-year, to $5.5 billion, thanks to a record amount of Blackberry shipments made (14.2 million devices). Those figures slightly edged out Wall Street's predictions of $5.4 billion on 14 million devices. RIM added 5.1 million subscribers in the quarter, which was slightly below predictions of 5.2 million.

Total subscriber count was at 55 million, up 49 percent year-over-year.

"We are pleased to report another record quarter with strong growth in shipments of BlackBerry smartphones leading to record revenue, subscriber additions and earnings. RIM’s business continues to grow and diversify as BlackBerry adoption accelerates in markets around the world," said Jim Balsillie, Co-CEO at Research in Motion, in a press release.

RIM is projecting fourth quarter revenues of $5.5 to $5.7 billion on 14.3 to 14.9 million subscriber additions.

Much of the company's future success is being placed on how well RIM's tablet offering, the Playbook, performs.

"We believe street estimates should come up tomorrow, given the healthy Q4 guide and likelihood that more analysts reflect PlayBook into their estimates," wrote Mike Abramsky, Managing Director at RBC Capital Markets, in a note to investors.

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Rim has a healthy business model
By GruntboyX on 12/17/2010 1:09:15 PM , Rating: 5
I think people confuse market share for healthy business. Just because the "Mob" doesn't embrace Rim's blackberries doesn't mean they have a flawed business. Rim's success is geared to enterprise adoption. This provides a very stable product and customer base. They are not easily swayed by the consumer trends and fads.

Doesn't give them a license to be slack. However Android, and iOS are not really suited to the enterprise environment. They have made great strides, but not near the sophistication that Blackberry has.

By joeRocket on 12/17/2010 4:27:46 PM , Rating: 3
RIM definitely has it's place in today's market. Google/Android, however, has positioned itself very interestingly. Though I don't think Apple will ever really be taken seriously in the enterprise market, if RIM isn't steered well it could well be the next Sega.

not surprised at all
By kattanna on 12/17/2010 10:35:56 AM , Rating: 2
rim has always been a business oriented company, not a consumer one.

while a phone is a phone, blackberries strength lies in its back end with BES and its integration with exchange, and now smaller and much cheaper mail servers.

a business using such products have direct control over their end users phones from their central location, unlike with those other phones. and businesses LOVE control.

thats why you see RIM in the news having fights over their BES services in other countries. control of information.

RE: not surprised at all
By jimbojimbo on 12/17/2010 5:17:58 PM , Rating: 2
It's not even that businesses love control. They are legally bound to establish and maintain that control. That's why most businesses will not allow Android or Windows7 phones into the system.

Once Windows Phone 7 and Android start offering encryption in their devices the companies will be more willing to use them and then RIM may have some problems. For now their only major competitor is the iPhone which is offered by only one carrier.

Goes to show..
By InvertMe on 12/17/2010 11:36:25 AM , Rating: 2
..that nerds (android) and retarded hipsters (apple) don't rule the world like they think they do.

RE: Goes to show..
By AliShawkat on 12/17/2010 4:16:01 PM , Rating: 2

Only a Matter of time
By bobcpg on 12/18/10, Rating: 0
RE: Only a Matter of time
By rudy on 12/20/2010 2:22:42 AM , Rating: 2
It won't be iPhone their basic model is exactly the same as RIM. The problem is if you couple hardware and software you move that much slower. Consumers just don't want to wait 1 year in between every refresh. This is the real problem. Honestly I think companies like RIM should either spend alot more money updating phones more often or they should allow at least 1 or 2 other hardware partners to help them and then concentrate more on the OS.

I also think it is odd that everyone thinks the future is in these tablet devices. We can all understand the value that a smart phone brought to peoples lives. But what does a tablet bring besides being a smart phone with a bigger screen? How will my life get more done or be more productive because of a tablet? It honestly offers no value over a laptop. It sits in an odd market segment between smartphones and computers. It competes with everything a little but does not do anything that could replace the other devices fully. IE few people are going to drop a phone for a tablet. And few people will be able to give up their laptop or desktop to replace it with a tablet.

Rebound will have an effect
By GTVic on 12/20/2010 5:05:56 AM , Rating: 2
I think a lot of corporate offices cut back on their Blackberry usage in recent years. That happened in our office and now almost everyone has their Blackberry back. That may explain some of their market share drop and recent recovery.

"This is about the Internet.  Everything on the Internet is encrypted. This is not a BlackBerry-only issue. If they can't deal with the Internet, they should shut it off." -- RIM co-CEO Michael Lazaridis
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