BETTER THAN EXPECTED: Research in Motion, the maker of the BlackBerry, said its third-quarter earnings jumped 45%, beating analyst expectations. - AP
TORONTO: Research in Motion Ltd (RIM), the maker of the BlackBerry, said its third-quarter earnings jumped 45% as sales keep surging overseas despite tough competition in the smartphone market.
The results beat analyst expectations, and the company provided a forecast for the current quarter that also exceeded Wall Street expectations. Its shares rose in extended trading.
RIM said it shipped 14.2 million BlackBerrys in the quarter, narrowly beating Apple Inc's iPhone sales in its latest quarter, which ended in October.
Most of RIM's growth is now coming from markets outside the United States, Canada and Britain, where the BlackBerry is already the business phone of choice.