RIM Shipped 8.3 Million Smartphones This Summer
Research In Motion Limited (USA) (NASDAQ:RIMM) had a positive summer. The company shipped about 8.3 million smartphones between June and August. Last summer the company shipped 7.8 million during the same period.
Of the 8.3 million smartphones that were shipped, 3.8 million were new accounts. Another reason why the company shipped a large number of smartphones is because Verizon even had 2-for-1 sales. Despite the increase in smartphone shipments, the net income fell. Net income for the summer was $475.6 million while last year they made $495.5 million. Revenues were up though.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry