Friday, June 19, 2009

RIM announces 2009 first quarter earnings

With all of the hub-bub over the Palm Pre and iPhone 3G S, it’s easy to forget that Research In Motion has held 40 percent of the smartphone market for the past two quarters. Granted the manufacturer has created some recent excitement with the BlackBerry Tour 9630, but today’s news is sure to get some attention. Although the first quarter saw 100,000 less BlackBerry subscribers than the previous quarter, CEO Jim Balsillie announced a net Q1 income of $643 million – a 33 percent jump from last year’s Q1 earnings. With the Tour 9630 making its way to two carriers this summer and the Storm 2 slated for a 2009 release, the manufacturer really has nowhere to go but up. Maybe this guy can add each quarter’s earnings to his tattoo?

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