RIM doubles revenue in Q4, Year-End
Like many companies, Research In Motion has a fiscal calendar that does not match the natural calendar. While we aren’t the first website to break news on the earnings report given today, we felt it our obligation to our readers and to a company that has brought us so much technology over the years to report on the financial side of Canada’s very own financial behemoth (yes, that sounds rather humorous and oxymoronic).
Surprising to some and not so much to others, Research In Motion continues it’s streak of amazing reports of revenue gains. This time around, they have doubled their Q4 Fiscal revenue and their Year-End Fiscal revenue from the same periods a year ago. In the press release from Waterloo, the following figures our highlighted:
- Q4 revenue at $1.88 billion, up 102% from $930.4 million
- Fiscal revenue at $6.01 billion, up 98% from $3.04 billion last year
- 81% revenue in Q4 attributed to device sales
- 4.4 million devices shipped in Q4
- 14 million devices shipped during fiscal year
- 2.18 million new BlackBerry subscribers added in Q4
- 14 million total active BlackBerry subscribers
- Subscriber growth up 32% from Q3
In a recent conversation I had with the one and only Boy Genius (yes, he actually exists in human form), we discussed about how the coming months would be massively decisive over RIM’s short-term future. These critical months would include the coronation of the Apple iPhone into the enterprise market, as well as the potential launch of the 3G incarnation of the God device. Of course, RIM will unleash the BlackBerry 9000, but will it be too little too late, or perhaps a thunderous disappointment? Rumors are saying the BlackBerry 9000 will surface at the Wireless Enterprise Symposium with employees from RIM being allowed to carry them, a la the BlackBerry Curve at WES 2007.
Afterhours trading has RIM’s stock up over $5.00 per share, a number that should be expected to skyrocket in the morning. While we continue to hear "iPhone This" and "iPhone That", it’s amazing to see The Little Engine That Could Research In Motion keep "surviving" in record leaps and bounds.
Cha-Ching!
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rehashed phones provide a bigger margin.
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I don’t think th enerprise i phone will be as big as people think you have cost issues for one.
and the fact you can’t unlock it without uncle steves permission besidse there is no office suit for it. it’s poular us but it woul lack in features and around here I have only seen 2 people around her toking the over glorified plastic brick.
most other poeple ive seen running around that have smartphones AreRimes 8100 followed by the 83 20 the 8310 the palm centron on or 2 palm treo 750w an the tmbile dash
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Of course RIM is going to keep this up, as everyone knows, their MAIN target audience sits in the boardroom and executive suites, and are more than likely the same bunch that couldn’t program the clock on their VCR’s a couple yrs ago. These types could care less about a touchscreen the virtual keyboard, they just want funcionality, which is exactly what a Bberry offers you. Simplicity with a touch of style and minimal confusion in the process.
I had an iPhone and threw it right back. I guess i got accustomed to the keyboard but even still it’s not as easy as a BBerry. The iphone keyboard is only easy to type with in landscape mode, which unfortunatley isnt available in all programs, most of the time you have to hold it vertically which cramps the keys together way too closely….
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It doesn’t come to a shock to see the reported earnings put out by Research In Motion.
I admire the company, there vision, and the fact that it enables a user to do as they please. NO RESTRICTIONS.
Research In Motion Ltd shares could best be described as one of the worlds best roller
coaster rides, starting you off from the top and mainly taking you to the top!
I like to picture the stock price as a Escalator to HEAVEN, NO WALLS, CELINGS (Jump Off If You Want) only going straight up with no way back down. Only heavenly bli$$.
Ive had a BlackBerry Device Since the age of 17, I am now a 23 yr old professional. Ive had other phones, 2 at a time at times. But the BlackBerry Device is the one I prefer for both personal, and business preference.
GOD CARRIES ONE -
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Galvatron - I have a serious question for you. Please answer honestly. What the hell forces you to write like that? Are you uneducated or do you think it’s funny? Either way, please answer.
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Galvatron strikes again!
LOL
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The rumours of Blackberry’s death have been greatly exaggerated.
Been following RIM for a while…back in 2005 the Q was supposed to be a BB Killer, then the winmo, then active sync, then iphone, now iphone “enterprise”. Don’t people get tired of being wrong all the time?
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First off I have big fingers and thumbs
.Y @inkies ar 12’s aeverthything els is 14-15. An I do 22wpm on average also the laptop I type on is 3 years old every so often keys don’t work. Also periodicly I for som reson it scrolls up 2 lines in text prompts.
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Ever since BB’s got the track ball they’ve been selling like hotcakes! Looks like they’ve picked up where motorola left(fell) off.
Galvatron’s posts aren’t that much of an eyesore. I look forward toi reading(deciphering) them!
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Setcastronomy lol
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Galvatron is very unique…like a phone with buggy video drivers…slow to open and not always what you expect to see…and like the phone reboots do nothing to improve the response…critical posts do nothing to improve the Galvatron.
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it’s kinda like my identity. toomanaysecrets
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@Galvatron, you may think that enterprises pay retail price or are locked into 1-2-3 year contracts, but the reality is that if the company is big enough with a large margin of spending power, there’s not many concessions that the carriers won’t make. If this means devices are dirt cheap or free or the company has no contracts for it’s accounts, so be it. While I don’t think Apple will allow AT&T to sell the devices at lower-than-market value, that is one key to enterprise success for other companies like Nokia and RIM. It’s hard to justify a $400 for an iPhone or Windows Mobile device when I can pay 10% of that for a brand new Curve or N95. Then again, some carriers are more willing to bleed if the long-term reward for them (monthly fees) more than supports them being able to let a little blood loose.
@Eddie, I would beg to differ within some companies. Perhaps it’s just the line of business, but the increasing demand (and recent enterprise announcement) for the iPhone is pushing some of the more recent testing initiatives where I work. While I don’t think it will ever pick up mass adoption, I think it has a good chance at picking up a niche penetration within our userbase, if it’s ever approved. I do find it interesting that 10% of iPhone users (in the recent study performed) still use a BlackBerry (and nearly 22% still use a second smartphone of some kind).
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jibi it’s line of biz
i i have yet to see any executiv constuctionworker contractor doctor or denist carry around an iphone
the mostly cary aroun tros winmo devicesan bb’s
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Yea as BB flies its ass to the top with MSFT, apple will still be below MSFT and BB.
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apples bass ackwards
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Maybe we could club together and get galvatron a new phone. I would rather throw cash at him then reedan othe rpost
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I am getting more than a little fed up reading the comments from Apple elitists aka Apple fanboys go on and on about the imagined inadequacies about the much beloved and superior BlackBerry. 14 million BB subscribers can’t be wrong!!
And when all else fails, pick on Galvatron.
BRING IT ON RIM.
Keep on Crackin’,
- CB
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I still say we send him a copy of Mavis Beacon Teaches Typing and a new keyboard…
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Boygenius im on a LAPTOP NOT A DESKTOP
a thoshiba satilite with an atheros wifi adapter would work.
In the mea time thejob market is incredibly rough here.
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Send me the part number for the keyboard. I’ll buy you a new one and FedEx it to you.
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toshiba tecra A8 EZ311 they don’t make it anyore
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@ Galvatron
Your posts are too funny. Though, if you’re not doing it on purpose, I feel bad for ya.
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I;m not doing it on purpose lamer
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