RIM’s Profits Increase 59%

Research In Motion Limited (USA) (NASDAQ:RIMM) has had a great third quarter as the number of BlackBerry units sold increased substantially. The company had earnings of $628 million and sold about 10 million BlackBerry devices. RIM also made a deal with China Telecom for additional distribution of BlackBerry devices in China. The deal is similar to an existing deal RIM has with China Mobile. There are currently about 75 million BlackBerry devices being used in the market today.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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