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Friday, October 5, 2007

Research In Motion sees profit double despite iPhone

Research In Motion released it's second quarter results yesterday and Jim Balsillie and company had plenty to smile about. "RIM's second quarter results were exceptionally strong on all metrics including revenue, subscriber account additions and net income," said Balsillie, Co-CEO at RIM. "This growth is fueled by the depth of the BlackBerry product portfolio and the continued diversification of our business across market segments and geographies. With over ten million BlackBerry subscriber accounts and over twenty million handsets shipped, we are pleased with our position in the market today and we expect recent product and market initiatives to extend our business momentum through the remainder of the fiscal year." RIM certainly has a commanding lead in the business sector and while the iPhone is a pretty device, time will tell whether or not BlackBerry users will see any benefit in switching devices. E-mail integration may dictate the winner here...

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