RIMM Earnings: Research in Motion Earns $3.42 Billion in Q1 2010
Research in Motion (RIMM) announced $3.42 billion in revenue for the first quarter of the 2010 fiscal year. This is a bit below last quarter, but way ahead of Q1 2009. The revenue breakdown heavily favored Blackberry handsets (83% of revenue), as the Crackberry made its way further into the consumer market, as well as making further inroads into business use.
Revenue for the first quarter of fiscal 2010 was $3.42 billion, comparable with $3.46 billion in the previous quarter and up 53% from $2.24 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 81% for devices, 13% for service, 2% for software and 4% for other revenue. During the quarter, RIM shipped approximately 7.8 million devices.