Thursday, 28 February 2008

RIM Forecasts Subscriber Base Momentum to Remain Strong

Research In Motion Limited (RIM) said it expects its net subscriber account additions for its fourth quarter to be approximately 15-20% higher than the 1.82 million net subscriber account additions forecasted on December 20, 2007

"BlackBerry smartphones proved to be a big hit throughout the holiday selling season and we're pleased to see RIM's business momentum continuing in the new year," said Jim Balsillie, Co- CEO at RIM.

"The seasonal slowdown in net subscriber account additions that we expected in the new year did not occur and our focused execution with partners has continued to produce strong results within both enterprise and consumer segments."

RIM continues to expect fourth quarter revenue and earnings per share to be within the ranges previously forecast in December. Revenue for the fourth quarter is expected to be in the range of .80 - .87 billion.

The wireless communication provider also expects the total BlackBerry subscriber account base to reach approximately 14 million at the end of the quarter.