Financial Report Financial reports from the largest companies of the world

RIM increased its profits wil 31% due to strong sales of Blackberry

The manufacturer of smartphones Blackberry - Canadian company Research In Motion (RIM), reported 31 percent jump in profit last quarter thanks to strong sales of the Blackberry. The net profit of the company increased to 934 million dollars for three months until 26 February, which represented the fourth financial quarter of Research In Motion, says Wall Street Journal. An year ago, the positive financial result was the amount of 710 million dollars. The company's revenues rose to 5.55 billion dollars for the fourth quarter compared with 4.08 billion a year ago, making an increase of 36 percent. The reason for this lies in the good sales of smartphones BlackBerry, although at the beginning of this year they were ousted by U.S. market share of mobile phone operating system Android. Within the relevant quarter RIM sold about 14.9 million smartphones BlackBerry, and the number for the whole financial year increased to 52.3 million for the year RIM net profit of 3.4 billion dollars, up 47% more than the previous financial year. Revenues amounted to 19.9 billion dollars, an increase of 33 per cent from the previous year. In April the market in the U.S. and Canada is expected to hit the long awaited tablet RIM - Blackberry Playbook. He will compete with iPad of Apple, it will be sold at similar prices.
The announcement of financial results guidance to RIM announced that the Tablet PC will be compatible with applications for Android.