RIMs Strong Q4
A recent press release out of Waterloo is proof that Research In Motion (RIM) is doing just fine in these difficult financial times. RIM’s fourth quarter profit for fiscal 2008 reached $1.88 billion, more than doubling fourth quarter numbers from fiscal 2007.
Along with this huge profit increase, RIM also added a net of 2.18 million new BlackBerry subscribers.
With bright spots like the OS 4.5 update right around the corner and the upcoming availability of Documents To Go for Office file and email attachment editing, Jim Balsillie (CEO, Research In Motion) doesn’t seem to think this growth will slow anytime soon:
"Looking forward, the prospects for RIM and the industry are more exciting than ever and we will continue to work closely with a thriving ecosystem of partners to build on our momentum during the year ahead."