J. R. Ransom's taosmultimedia.com - RIM Scoffs at 'R' Word With Doubled Profit, Revenue

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Apple Tech News

RIM Scoffs at 'R' Word With Doubled Profit, Revenue

Research In Motion posted strong earnings and sales growth in its fourth quarter. The positive news signals that it has not seen the Apple iPhone cut into the market share for its BlackBerry device and that adoption may continue to grow even amid a weakening economy. RIM beat Wall Street targets for the quarter ending March 1, shipped a record number of BlackBerry handsets and issued an outlook that was also more robust than expected. The result was a surge in RIM shares, which were up 6 percent in midday trading Thursday to $122.64.
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