Cable / Telecom News

Revenue, profits, surge at RIM

WATERLOO, ON – Research In Motion (RIM) shipped its 100 millionth BlackBerry smart phone earlier this year, one of the highlights from a quarter that also saw a 24% jump in revenue and a 41% increase in profits.For the three months ended May 29, 2010, BlackBerry shipments grew more than 43% over the same quarter last year to 11.2 million, while its BlackBerry subscriber account base grew approximately 60% over the prior year to 46 million.  4.9 million net new subscriber accounts were added in Q1.Revenue for the first quarter of fiscal 2011 was US$4.24 billion, compared to $4.08 billion in the...