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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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Only a Matter of time
By bobcpg on 12/18/2010 12:08:05 AM , Rating: 0
RIM had the business model of old and has the one of current. Innovation will lead them for the model of future. If they do not innovate then they will fade very fast.

One of these days iPhone/Android/WPM will turn the corner and it will be all over for RIM.

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.

"What would I do? I'd shut it down and give the money back to the shareholders." -- Michael Dell, after being asked what to do with Apple Computer in 1997
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