Research In Motion Post $3.92 Billion in Q3’09

Research In Motion (RIM) posted revenues of US$3.92 billion selling 10.1 million handsets during Q3’09. Revenues increased 11% Q/Q and 41% Y/Y; 82% generated by devices, 14% from services, 2% from software and another 2% from ‘other’. BlackBerry added 4.4 million subscribers in Q3’09 for a total of 36 million. I overall trend is clear: consumers are opting for smartphones capable of augmenting their capability with apps instead of regular phones. Source: AppleInsider