RIM Puts Together a Strong Q2 in 2010

 Research In Motion yesterday sent out its quarterly earnings report for Q2 of 2010 and the numbers are showing that RIM continues to be the major player in the mobile communications market.

Highlights:

• Revenue grew 31% over the same quarter last year to $4.62 billion
• Earnings per share in the second quarter increased 76% to $1.46 over the second quarter last year1
• BlackBerry® smartphone shipments grew more than 45% over the same quarter last year to 12.1 million and RIM has shipped approximately 115 million BlackBerry smartphones to date
• BlackBerry subscriber account base grew approximately 56% over the prior year to over 50 million

Over the past year it has looked as if RIM keeps losing its grip on the market but with the Q2 earnings report, I must be mistaken.


"RIM set another new record in the quarter by shipping over 12 million BlackBerry smartphones. This accomplishment and RIM’s solid financial results during the second quarter were driven by effective business execution and strong demand for RIM’s portfolio of BlackBerry smartphones and services in markets around the world," said Jim Balsillie, Co-CEO at Research In Motion. "We expect a continuation of this momentum in the third quarter as we extend the rollout of new products including the BlackBerry Torch into additional markets and benefit from heavy promotional activities and increasing customer demand as we head into the holiday buying season."

By Chase Thompson
Source Blackberry
Source BGR