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BlackBerry Says It's Is Doing Just Fine, Thank You

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.

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1 comment about "BlackBerry Says It's Is Doing Just Fine, Thank You ".
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  1. Evan Adelman from Mutant Media, June 22, 2009 at 6:02 a.m.

    Hmm - does anyone else think they're being a bit short sighted?

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