RIM Q2 Results: revenue was up 31% and subscribers increased 56%

RIM has announced their Q2 results and in a nutshell, everything increased. From this time last year revenue was up 31% from to $4.62 billion, shipments increased 45% to 12.1 million (there are now about 115 million BlackBerry devices), BlackBerry subscribers increased 56% to over a respectable 50 million (4.5 million new subscribers this quarter).

RIM Co-CEO Jim Balsillie stated that “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. 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.”

As for the upcoming Q3 outlook, RIM states they expect to revenues to hit between $5.30-$5.55 billion, net subscriber additions 5.0-5.4 million… that’s a whole lot of Torch 9800, Bold 9780 and Style 9670 devices.

Source: Marketwire
Via: CrackBerry