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Thursday May 23rd 2013

Blackberry-maker Research in Motion (RIM) profits beat expectations.

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Blackberry-maker Research in Motion (RIM) increased shipments by 45% to 12.1 million in Q2 2010, up from 11.2 million in Q1 2010. In the preceding quarter, RIM had recorded 11.2 million shipments.

Last week Nokia said they move about 260,000 smartphones a day, more than the Big Three. Apple ship around 80,000 iPhones per day, Android activate 108,000 devices per day and Blackberry ship just short of 135,000 perday.

Shares in Research in Motion (RIM) rose more than 4% in after-hours trade after the firm posted stronger-than-expected profits.

Research in Motion (RIM) announced its Q2 financial results posting revenues of $4.62 billion at 31% rise. Net profit increased to $ 796.7 million or $ 1.46 per share as compared to 83 cents or $475.6 million a year ago.

RIM co-chief executive Jim Balsillie said in a statement, “We expect a continuation of this momentum in the third quarter as we extend the rollout of new products including the BlackBerry Torch into additional markets and benefit from heavy promotional activities and increasing customer demand as we head into the holiday buying season.”

The company now expects Q3 2010 revenues to be in the range of 5.30 billion dollars and 5.55 billion.

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