Jim Balsillie, co-CEO of BlackBerry handset maker Research in Motion, expressed little concern about Apple's new iPhone 3GS or the newly launched Palm Pre in a call with analysts yesterday. And why
should he? The company added 3.8 million net new subscribers, 65% above the same quarter of last year, driving a 53% year-on-year revenue gain, Andrew Edgecliffe-Johnson reports.
"We are
starting fiscal 2010 with strong financial performance and impressive market share gains," Balsillie said. Market research group IDC says that RIM now commands 55% of the US smart phone market.
The overall market is growing, Balsillie pointed out -- indeed, four-fifths of RIM's new BlackBerry subscribers in the quarter came from the consumer market, where Apple and Palm compete
most directly.
advertisement
advertisement
Read the whole story at Financial Times »
Hmm - does anyone else think they're being a bit short sighted?