BLACKBERRY Mississauga

MISSISSAUGA WATCH: http://www.mississaugablogs.co... video was produced in celebration of RIM and Blackberry's second quarter results --and it might explain why the RIM Blackberry is doing so well.... Source: TORONTO STAR http://www.thestar.com/"RIM racks up doubled quarterly sales, profitNon-business customers take lead for first timeOct 05, 2007 04:30 AM Chris Sorensen Business ReporterResearch In Motion Ltd., maker of the popular BlackBerry email devices, more than doubled its second-quarter sales and earnings as the number of new non-business customers in North America eclipsed new corporate customers for the first time in the company's history.Waterloo-based RIM said yesterday that the growth in the firm's consumer, or "non-enterprise" business, is being fuelled by growing mainstream popularity of so-called smartphones.They combine data services such as wireless email and Web browsing alongside traditional cellphone functions."This is the first quarter where our (new subscriptions) ... for non- enterprise were bigger than the enterprise in North America," Jim Balsillie, RIM's co-chief executive, told analysts during a conference call after the markets closed. "The enterprise business is growing very fast and the non-enterprise business is growing very, very fast." RIM's bread and butter has historically been large corporation and government customers, but the consumer market is ripe for growth, Balsillie said.The future holds more consumer-oriented BlackBerry devices like the Pearl and Curve, which combine wireless email and Internet capabilities with various multimedia functions, such as cameras and music players."It's a more elusive market, but we seem to be honing in on it really nicely," said Balsillie, adding that consumers now account for a third of RIM's total subscribers.RIM said earnings for the second quarter rocketed to $287.7 million (U.S.), or 50 cents a share, compared with $140.2 million, or 25 cents, a year earlier. Sales more than doubled to $1.37 billion. The results, released after the markets closed, were in line with estimates. RIM's shares, however, slipped to $98.61 in late trading after closing at $100.54, up $4.28, on the Nasdaq Stock Market. In Toronto, shares closed at $100.30 (Canadian), up $4.28."

Channel: Comedy
Uploaded: October 8, 2007 at 1:44 pm
Author: MISSISSAUGAWATCH

Length: 02:59
Rating: 5.00
Views: 3016

Tags: BLACKBERRY  COUNCIL  HAZEL  IN  MCCALLION  MISSISSAUGA  MOTION  RESEARCH  RIM  

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