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Blackberry, what turn RIM into RIMarkable!

For the complete coverage on this report (with details and some stories) you may visit Market Wire. But if what you really want is just a number without anything than this post is good one to be read.

Here we go, RIM first quarter report which ended on May 2008.

1. Revenue for the first quarter of fiscal 2009 was $2.24 billion, 19% higher than $1.88 billion in the previous quarter and up 107% from $1.08 billion in the same quarter of last year.
2. The revenue breakdown for the quarter was approximately 82% for devices, 13% for service, 3% for software and 2% for other revenue.
3. During the quarter, RIM shipped approximately 5.4 million devices.
4. Approximately 2.3 million net new BlackBerry® subscriber accounts were added in the quarter.
5. At the end of the quarter, the total BlackBerry subscriber account base was over 16 million
6. Net income for the quarter was $482.5 million, or $0.84 per share diluted, compared with net income of $412.5 million, or $0.72 per share diluted, in the prior quarter and net income of $223.2 million, or $0.39 per share diluted, in the same quarter last year
7. The total of cash, cash equivalents, short-term and long-term investments was $2.08 billion as at May 31, 2008, compared to $2.34 billion at the end of the previous quarter, a decrease of $267 million over the prior quarter
8. Uses of cash in the quarter included the payment of Canadian income tax of approximately $460 million and capital and intangible expenditures of approximately $293 million.

Some comparison from RIM fourth quarter last year report

1. Sales grew 102% to $1.88 billion for the quarter that ended March 1, 2008. This is 0.02 point higher than analyst had expected.
2. Net income rose 120% to $412.5 million, or 72 cents per share, beating the consensus estimate of 70 cents per share.
3. For the full fiscal year, the maker of the BlackBerry said revenue totaled $6 billion, up 98%, while net profits rose 105% to $1.3 billion.
4. 2.18 million new subscriber additions for the fourth quarter.
   RIM save the quarter with more than 14 million subscribers (it must be Blackberry).

Note:

RIM did it again. They are able to increase their revenue. However, the next third quarter this year will be hotter than any quarter RIM have passed on. Not only because people will meet and greet the 3G iPhone with its fancy price but also there will be a strong challenge from Google Android SDK and the Nokia’s open Symbian too. Ho .. ho .. can’t wait for this battle.

Just like I’ve told you guys. Whoever win, we win!

Source: Market Wire

Image courtesy of Bcellphones