BlackBerry Subscriptions Pass the 6 Million Mark

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Research In Motion (RIM) has reported preliminary results for its most recent financial quarter.

Revenue for the quarter was $658.5 million, up 7.4% from the previous quarter and up 34.4% from $490.1 million in the same quarter of last year.

RIMThe revenue breakdown was approximately 72% for handhelds, 19% for service, 6% for software, and 3% for other revenue.

Preliminary GAAP net income for the quarter was $140.8 million, or $0.74 per share diluted.

Approximately 705,000 BlackBerry subscriber accounts were added in the quarter, bringing the company’s total account base to approximately 6.2 million. 

Looking Ahead

Revenue for RIM’s current financial is expected to be in the range of $780 to $820 million, leading to GAAP earnings in the range of 88 to 95 cents per share.

The company’s management believes that RIM’s number of subscribers will go approximately 800,000 during this quarter.

 

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