While much of 2010 anticipation is focused on Google's Android mobile OS, BlackBerry manufacturer Research In Motion (NASDAQ: RIMM) underlined its current market strength with an impressive set of Q3 FY10 financials.
Revenue for the three months ending November 28, was up 41 percent year-on-year to $3.92 billion.
During this period RIM shipped around 10.1 million devices and added 4.4 million subscribers.
Its total global user base is now around 36 million, concentrated mainly in North and Latin American.
Net income was up 59 percent to $628 million, and cashflow from Q3 operations was $1.1 billion. The company holds $2.4 billion in cash, cash equivalents and investments.
The revenue breakdown for the quarter was approximately 82 percent from the sale of devices, 14 percent for services, 2 percent for software and 2 percent for other revenue.
"We are pleased to report record shipments of more than 10 million BlackBerry smartphones during the third quarter with higher than expected revenue, earnings and subscriber growth," said Jim Balsillie, RIM's co-CEO.
"RIM is experiencing a great start to the holiday buying season and the strong Q3 results and Q4 outlook clearly reflect the strength of our diversified product portfolio as well as the success of our efforts to expand into broader customer segments and new geographies while maintaining our strong position in North America."
Thanks to the continued strong performance of devices such as the Storm 2 and the new Curve family, the company expects to add between 4.4 to 4.7 million subscribers during Q4, with predicted revenue in the region $4.2 to $4.4 billion.
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Top Stories
Feature
5 hours, 35 minutes ago
Hot Five: AppLovin revenue surges 48% Y/Y, Plarium and Big Fish up for sale, and a look inside Merge Mansion's growth
Feature
7 hours, 23 minutes ago
55 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Events
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
MomoCon 2024 | North America | May 24th |
Morocco Gaming Expo | Africa | May 24th |
For The Win 2024 | Europe | May 29th |
Popular Stories
Feature
7 hours, 23 minutes ago
55 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Feature
May 14th, 2024