RIM’s Q3 revenue doubled from last year

RIMThe results are in, and they’re peachy as ever. Revenue was up 22% from last quarter to $1.67 billion, with $1.8 - $1.87 billion forecasted for next quarter. RIM’s stock has been enjoying a jump, having climbed $12.12 to $119.11 in early trading. 1.65 million new subscribers came in and 3.9 million devices shipped out during the 3 months leading up to December 1st. With such good news, we can brush off the iPhone a little more soundly, along with their 1.1 million units sold last quarter.

Posted by Simon Sage in News, RIM News

Comments [3 Responses]

RIMM target price lowered | BlackBerry Cool
January 14th, 2008 at 9:29 am

[...] and downgrading the stock to “hold” status. The stock saw a pretty nice jump after the last quarterly results, and cruised over $100 for awhile, but is cooling off at around $93 right now. RIM was far from [...]

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