BlackBerry posts $643 million profit

June 20, 2009 · Filed Under News · Comment

BlackBerry’s makers Research In Motion (RIM) have reported a net profit of $643 million for the first quarter of the current financial year. However, the company’s quarterly revenue figures slipped from $3.46 billion to $3.42 billion from the previous quarter.

The profit figures are up from $518.3 million as reported during the previous quarter and the revenue of the company has grown by almost 53% from $2.24 billion as compared to the figures last year.

During this time, BlackBerry has reportedly added about 3.8 million net new subscribers’ accounts, taking the total to a staggering 28.5 million users.

According to figures released, the company has sold over 7.8 million smart phones during the past quarter. These sales have accounted for 81% of RIM’s revenue.

The Waterloo based wireless communications giant also forecast the second quarter revenue to be in the range of $3.45 to $3.70 billion, adding new 4.1 million subscribers in the next quarter.

According to RIM co-CEO Jim Balsillie, “The industry leading BlackBerry product portfolio is driving strong customer demand around the world and our penetration of new market segments continues to expand.”

Tags: BlackBerry, profit, RIM, sales, smartphone, wireless communications