Toronto
The Economic Times
BlackBerry maker Research In Motion (RIM) has reported a profit of $643 million for the first quarter of the year, compared to $518.3 million posted during the previous quarter.
However, its quarterly revenue was slightly down at $3.42 billion from $3.46 billion in the previous quarter. But it is still up 53 percent from $2.24 billion during the same period last year.
BlackBerry added about 3.8 million net new subscribers accounts during the quarter, taking its total subscriber base to nearly 28.5 million.
During the quarter, RIM sold over 7.8 million smart phones that accounted for 81 percent of its revenue. Services accounted for 13 percent of the revenue.
The wireless communications giant, which is based in Waterloo near here, forecast the second quarter revenue in the range of $3.45 billion and $3.70 billion.
RIM also expected to add up to more than 4.1 million new subscribers in the next quarter.
"We are starting fiscal 2010 with strong financial performance and impressive market share gains, including a 55 percent share of the US smart phone market according to IDC's latest estimate," RIM co-CEO Jim Balsillie said.
"The industry leading BlackBerry product portfolio is driving strong customer demand around the world and our penetration of new market segments continues to expand.
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