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Thứ sáu, ngày 18 tháng tư năm 2008

RIM is a Profit Machine

RIM 4th Quarter ProfitsRIM reported their 4th quarter numbers yesterday, and boy were they good. Profits have more than doubled in comparison to the fourth quarter of the previous year.

The thing that blew me away was the number of new subscribers that were reported: 2 million new subscribers! That’s a whole lot of new subscribers, data plans, and well, just a heck of a lot of money coming to RIM and all of the carriers.

Jim Balsillie reported that the results were led by continuing to diversify the base of BlackBerry users. 38% of the subscriber base are now individuals and not enterprise users.

Retail sales were also huge in the 4th quarter. No doubt all of the pearl promotions that were running around Christmas time had a huge effect. More pearl users = less enterprise users, so I’m not surprised at all that 38% of the new subscribers are non-enterprise. RIM has really taken a jump into the consumer market and it looks like they’re doing well. It’s not just a business device anymore! :)

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