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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, December 17, 2010

RIM's Revenues Rocket 40%

RIM said that its revenue in the quarter ending November 27 rose 40% year-on-year to 5.49 billion US dollars, as smartphone shipments grew 40% to 14.2 million. The revenue breakdown for the quarter was approximately 82% for devices, 15% for service, and 3% for software and other revenue.

RIM forecast that its revenue for the quarter ending February 26, 2011 will in the range of 5.5 billion to 5.7 billion dollars, compared with 4.08 billion dollars in the same quarter a year ago. That would amount to a year-on-year rise of between 35% and 40%. source: RIM statement

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