RIM posts strong profit, Palm posts loss (again)

Research in Motion and Palm – once both leading smartphone makers – are now poles apart when it comes to revenues and profit.

RIM has just posted excellent results for the third quarter of fiscal year 2010 (ended November 28), announcing that it sold 10.1 million BlackBerry smartphones (including its 75 millionth unit) and added 4.4 million new BlackBerry subscribers.

RIM’s revenue for Q3 of fiscal year 2010 was $3.92 billion, while its net income was of $628.4 million.

Meanwhile, Palm has also posted the results for its second quarter of fiscal year 2010 (ended November 27) – it’s a different quarter from RIM’s, because RIM is based in Canada.

BlackBerry Curve 8520 vs Palm Pixi

(BlackBerry Curve 8520 vs. Palm Pixi)

The Sunnyvale company shipped only 783,000 smartphones in the quarter (5% less than in the previous one) and announced a net loss of $85.4 million – well, at least it’s better than the $164.5 million net loss announced in September.

“We are continuing to execute strongly against our long-term strategy with the delivery of Palm Pixi, the new carrier launches completed this quarter, and the upcoming opening of Palm’s full developer program. We’re still in the early stages of a long race, and we’re energized by the opportunity to compete in this exciting market. We remain confident that Palm’s innovative product design capabilities, integrated cloud services and the differentiated and delightful Palm webOS experience will provide the foundation for our sustained success,” says Jon Rubinstein, Palm’s chairman and CEO.

Via RIM and Palm

Author: Ilinca Nita

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