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Research in Motion Blackberry profits surge 45%

December 16, 2010 |  3:24 pm

Blackberry BlackBerry maker Research in Motion Ltd. reported a 45% increase in its third-quarter earnings compared with the same quarter last year.

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.


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-- 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