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Blackberry firm reports profits fall
World - Business
Monday, 28 September 2009 13:42
blackberry_bold.jpgResearch in Motion (RIM), the producer of Blackberry mobile phones, registered shares fall by 9% after it reported a drop in second-quarter profits.

Canada-based RIM earned $475.6m (£296.5m) between June and August, from $495.5m a year earlier.
After enjoying success in the corporate market, RIM has been targeting the consumer market, where the BlackBerry is competing with Apple's iPhone.
About 80% of new customers were now private users, the firm said.
The figures did not include a settlement payment due to mobile e-mail provider Visto, which claimed RIM was using its technology without a license.
Sales rose 37% in the period to $3.53bn from $2.58bn a year earlier.
 

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