Today’s earnings announcement from Research in Motion (RIM) is more evidence of continuing smartphone growth.
Despite growing competition, RIM sold more than 10 Million devices in the quarter, a record for the company, with strong growth coming from outside of North America and in the consumer segment.
Hugo Miller of Bloomberg.com reports that analysts are crediting the BlackBerry Curve and the holiday shopping season with the consumer driving the North American market:
Research In Motion Ltd. jumped as much as 13 percent in Nasdaq trading after the BlackBerry maker forecast sales and profit that topped analysts’ projections, buoyed by demand for its Curve phone.
RIM’s push to draw a wider audience, by selling its phones through Wal-Mart Stores Inc. and Amazon.com Inc., helped make the Curve the top-selling smart phone in the U.S. last quarter, according to NPD Group Inc. Waterloo, Ontario-based RIM is also developing new Bold and Storm models to fend off competition from Apple Inc.’s iPhone and Motorola Inc.’s Droid.
BlackBerry (Research In Motion) is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile... [more]
Rob Lewis
Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.
His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University.
When not blogging on...[more]
