Research in Motion Blackberry profits surge 45%
The company reported Thursday that its net income for the quarter was $911.1 million, or $1.74 per diluted share. It expected to see similar levels for the fourth quarter.
Smart-phone sales accounted for much of the growth. RIM reported that it made 14.2 million BlackBerry shipments in the quarter, a 40% increase from the same period last year, and gained about 5.1 million net new subscriber accounts.
The quarter's revenue came 82% from devices, 15% from service and 3% from software and other revenue, the company reported.
-- Abby Sewell
Photo: A BlackBerry Pearl smart phone, produced by Research In Motion Ltd., on display in a Vodafone store in London. Credit: Jason Alden / Bloomberg