One might think that revenue growth of over 24% to $4.24 billion, a 41% earnings per share increase to $1.38, an increase in device shipments of over 43% to 11.2 billion, and 4.9 million net new subscribers taking the total subscriber base up 60% quarter over quarter to 46 million, would actually be considered a pretty darn good quarter. A pretty darn good quarter for this would have been if it weren’t for the pesky analysts that thought a pretty darn good good quarter was going to be most awesome and outstanding quarter.
Research in Motion just missed the street’s expectations by a little, however, they missed by a little in most every category. RIM says that this is mostly due to the later than expected releases of the BlackBerry Pearl 3G and BlackBerry Bold 9650. That actually sounds plausible… RIM’s stock (RIMM) is down close to 2% in after-hours. I am anxious to see what the second half of 2010 holds for RIM.
RIM Reports Q1 Fiscal 2011: Up In Every Category… Just Not Up Enough is a post from: RIMarkable
Related posts:
- RIM Reports Q2 Results
- Research In Motion Reports Year-End and Fourth Quarter Results for Fiscal 2010
- RIM Reports First Quarter Fiscal 2007 Results
- Research Reports Q2 Fiscal 2010 Results
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June 28th, 2010
BBerryNews 
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