RIM exceeds predictions with 2007 performance results




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BlackBerryCongratulations are due for RIM, who have not only beaten their original but their renewed Q4 2007 performance predictions, as well as posting healthy end-of-year financial results.  The BlackBerry maker increased expectations of subscriber growth in Q4 from 1.8m to 2.1m; in fact, 2.18m new customers signed up.  Similarly, Q4 revenue was estimated at $1.80-1.87bn, but actually clocked in at $1.88bn.

  • 4.4 million devices shipped in Q4

  • 14 million devices shipped during fiscal year

  • 2.18 million new BlackBerry subscribers added in Q4

  • 14 million total active BlackBerry subscribers

  • Subscriber growth up 32% from Q3

  • Q4 revenue at $1.88 billion (up 102% from $930.4 million)

  • Fiscal revenue at $6.01 billion (up 98% from $3.04 billion last year)

  • 81% revenue in Q4 attributed to device sales

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