RIM sees revenue surge

BLACKBERRY maker, Research In Motion (RIM), has seen a spike in second quarter revenue after demand for its smartphone continues to grow.

During the three months ended 28 August, the Canadian based technology group saw revenues reach $4.62bn (£2.95bn), marking a 31 per cent rise on the same period last year.

The income rise was on the back of increasing demand for RIM’s BlackBerry smartphones, which saw 45 per cent increase in shipments during the period.

Similarly, the group’s BlackBerry subscriber account base sky rocketed by 56 per cent to
50m people compared with the same period last year.

The group has already shipped 115m BlackBerrys to date.

“RIM set another new record in the quarter...We expect a continuation of this momentum in the third quarter BlackBerry smartphones,” said co-chief executive Jim Balsillie.