Research in Motion Ltd., the maker of the BlackBerry, on Thursday said its third-quarter earnings jumped 45 percent as sales keep surging overseas despite tough competition in the smart-phone market.
The results beat analyst expectations, and the company provided a forecast for the current quarter that also exceeded Wall Street expectations. Its shares rose in extended trading.
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RIM said it shipped 14.2 million BlackBerrys in the quarter, narrowly beating Apple Inc.'s iPhone sales in its latest quarter, which ended in October. Most of RIM's growth is now coming from markets outside the U.S., Canada and Britain, where the BlackBerry is already the business phone of choice.
The Waterloo, Ontario-based company said its net income was $911 million, or $1.74 per share, in the fiscal third quarter, which ended Nov. 27. That was up from $628 million, or $1.10 per share, a year earlier.
The Waterloo, Ontario-based company said its net income was $911 million, or $1.74 per share, in the fiscal third quarter, which ended Nov. 27. That was up from $628 million, or $1.10 per share, a year earlier.
In August, RIM launched the BlackBerry Torch, with a touch screen and a slide-out keyboard for an overall look that's similar to competing devices. It also refreshed the look of the operating system.
RIM has said it will launch its first tablet computer, the PlayBook, early next year. On the call, Balsillie didn't give a more specific date. He said the initial versions will be Wi-Fi only.
For the quarter ending in February, the company projected earnings of $1.74 to $1.80 per share on revenue of $5.5 billion to $5.7 billion.
RIM has said it will launch its first tablet computer, the PlayBook, early next year. On the call, Balsillie didn't give a more specific date. He said the initial versions will be Wi-Fi only.
For the quarter ending in February, the company projected earnings of $1.74 to $1.80 per share on revenue of $5.5 billion to $5.7 billion.
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Abhishek Dua
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Monday, 20 December 2010 16:47
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Tuesday, 30 November -0001 00:00
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