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RIM blows away expectations with great earnings report

Posted: , by Alan F.

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This article contains unofficial information.

RIM blows away expectations with great earnings report
RIM reported strong earnings for its fiscal fourth quarter, scoring profits of 90 cents a share vs. 72 cents in the same period last year. It was the first quarter that had a full impact from both AT&T's BlackBerry Bold and Verizon's BlackBerry Storm. Revenue grew sharply in the period from last year's $1.88 billion dollars to this year's $3.46 billion dollars. For the full year, RIM saw revenue of $11.07 billion dollars and net of $1.89 billion dollars. The company expects the strong showing to continue in the new fiscal year's first quarter with an expected gain of 3.7 to 3.9 million new subscribers for the period. Margins should remain strong in the first quarter at 43-44%. The company's stock shot up more than $10 per share to $59 in after hours trading following the release of the earnings report.

In other RIM news, CNBC is reporting that the manufacturer has a "Blockbuster BlackBerry" with a touchscreen like the Storm and a physical QWERTY keyboard like the Bold, ready to be announced soon. The device, which we have heard rumblings about under the monicker Pluto and the Bold 9900, is expected to be launched exclusively through Verizon in the next few months according to the business news cable network.

BlackBerry Storm 9530 Specifications | Review
BlackBerry Bold 9000 Specifications | Review
BlackBerry Bold 9900 Pluto Preliminary Specifications

source: Yahoo Finance, CNBC

21 Comments
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posted on 20 Oct 2010, 01:42

1. heavybreathing (Posts: 276; Member since: 26 Feb 2009)


Hum...why were the expecations low for RIM? Probably because their flagship model blows and the only people buy it are the Verizon version of Ifags. Looks like public opinion and reviews mean nothing as long as you slap a brand name on something.

posted on 03 Apr 2009, 08:04

3. BigRed83 (Posts: 142; Member since: 19 May 2008)


Let me guess something here... You are probably repressing emotional issues (Ifags?), and have absolutely no concept of what good technology can do when the right software comes out, which will be soon, as I am testing it as we speak. BTW Over 1 million sold in less than six months. How did your POS do?

posted on 03 Apr 2009, 08:12

5. BigRed83 (Posts: 142; Member since: 19 May 2008)


Oh, btw, you have been reported

posted on 03 Apr 2009, 08:58

6. heavybreathing (Posts: 276; Member since: 26 Feb 2009)


OH GOD DON'T REPORT ME. BECAUSE THAT'S NEVER BEEN DONE. You're such an internet tough guy.

posted on 03 Apr 2009, 09:16

7. chupum (Posts: 115; Member since: 10 Feb 2009)


Listen... it's one thing to have the guts to say derogatory things to peoples faces or in their presence and it's another thing to to hide behind your computer and spout idiotic and hurtful phrases, like "Ifags". It's inconsiderate and cowardly. I could be wrong, but you don't sound like the kind of guy who would have the social wherewithal to back up your statements verbally nor physically in public. So let's just try to keep conversations civil... You never know who else might be reading these.

posted on 03 Apr 2009, 10:31

8. vzw fanman (Posts: 1971; Member since: 11 Dec 2008)


hahahahhaa lol. bigred your so funny. "you have been reported" hahah. do you not know the kinds of things people say on here?

posted on 03 Apr 2009, 10:32

9. heavybreathing (Posts: 276; Member since: 26 Feb 2009)


I work at a call center and my username is known there and half the people who are on this site posting are employees as well. Some people just don't have a sense of humor as normal as others.

posted on 03 Apr 2009, 14:25

13. The Spartan (Posts: 98; Member since: 27 Jan 2009)


So you realize that when you posted a few weeks ago about how the new Moto phone is coming Sprint is a violation of Sprint's Proprietary Information policy and are subject to termination, right?

posted on 04 Apr 2009, 08:35

19. Legion (Posts: 397; Member since: 12 Dec 2008)


You do realize you are a douchebag for talking like that, right?

posted on 03 Apr 2009, 06:27

2. att_agent (Posts: 96; Member since: 26 Feb 2009)


bb is a very solid phone beside that the track ball in every BB beside the bold is falling out then i get the friggin call

posted on 03 Apr 2009, 08:08

4. The Godfather (unregistered)


big red we have actually cracked the 4 million mark as of last report. 4 million storms are now sold through out the North America market. put that in your pipe and smoke it LMAO BB Storm FTW

posted on 03 Apr 2009, 14:29

15. lsutigers (Posts: 708; Member since: 08 Mar 2009)


Lets tell it like it is, half of the Storms sold have probably come back, I work for VZW and can tell you the Storm has been VZW's worst nightmare. For every Storm sold, it has cost VZW and RIM thousands of dollars in tech support and returns. The device software is horrible and it is widely known internally, VZW knows about the problems. So while 4 million may have sold, many of those were returned, which goes to show people pay for brand name, until they realize how bad it really is. Ask anybody with a Storm, most will say its very buggy or it plain sucks.

posted on 03 Apr 2009, 15:37

16. vzw fanman (Posts: 1971; Member since: 11 Dec 2008)


i think the storm is awesome. i mean it is buggy but i think for the most part its cause people have no patience or don't give it enough time. they get frustrated they cant use the touchscreen then they bring it back. i mean thats why they have a display in the stores.

posted on 03 Apr 2009, 10:35

10. Mr Coolguy Face (Posts: 28; Member since: 20 Jan 2009)


heavybreathing is just a VZ hater all around read his other posts, his is a mess lol and usually has NO CLUE as to anything he posts on this site.

posted on 03 Apr 2009, 10:40

11. Mr Coolguy Face (Posts: 28; Member since: 20 Jan 2009)


wait wait... heavybreathing said he works at a call center? . . . Now it all makes sense! ha ha Be careful what you say though because his username is known all acrossed the call center! HA HA HA LMAO

posted on 03 Apr 2009, 11:06

12. heavybreathing (Posts: 276; Member since: 26 Feb 2009)


Coming from someone with no job and who gets up every morning checking every minute to see if i've said anything, hating my existance

posted on 03 Apr 2009, 14:27

14. The Spartan (Posts: 98; Member since: 27 Jan 2009)


You may in fact have no job since you recently violated the Proprietary Information policy with Sprint that usually results in termination. Nice job.

posted on 03 Apr 2009, 18:43

17. E.N. (Posts: 2231; Member since: 25 Jan 2009)


Why are you guys trying to make him lose his job? Come on now just ,seriously think what you guys are doing and joking about. I don't think it was a nice job how he gave away private information, I think it was a bad choice. I kind of like this whole phone rivalry thing but some of you guys are taking it too seriously.

posted on 04 Apr 2009, 08:37

20. Legion (Posts: 397; Member since: 12 Dec 2008)


Spartan, go fall down a well and drown.

posted on 04 Apr 2009, 11:00

21. trentsinmypants (Posts: 312; Member since: 29 Jan 2009)


Whoa.....what happened with someome giving out information? I wanna know! :D

posted on 04 Apr 2009, 08:26

18. The Godfather (unregistered)


Yeah getting someone fired is not cool man, especially in todays economy and job market. He made a mistake and he understands what he did, leave it at that. As much as I raz the guy I wouldnt want him to lose his job over a net post. BB Storm FTW

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