Home
Trends & News
RIM Results Shine with BlackBerry Torch

RIM Results Shine with BlackBerry Torch

Contributor

Disclosure

Published December 22, 2010

Has Research In Motion (RIM), creator of BlackBerry smart phones, hit a home run with their new BlackBerry Torch? Perhaps. Sales figures from the latest quarter look promising for the Canadian company.

According to Yahoo! News, the new BlackBerry Torch was shipped to several cell phone carriers. What seems to be RIM’s answer to the popular Apple iPhone, the BlackBerry Torch features RIM’s trademark mini keyboard along with a touchscreen. It also features a better browser application. The phone currently competes with Apple iPhone and phones running Google’s Android operating system. Competition may be complicated in the future when Apple iPhones hit Verizon and when Android-running phones become available internationally.

Despite the threat of competition, RIM appears to be doing very well in terms of sales. It was reported that 14.2 million BlackBerry smart phones were shipped in the most recent quarter, translating to $5.49 billion in revenue.

Jay Leonard

Contributor

Jay, an accomplished cryptocurrency authority based in the UK, brings a wealth of knowledge and practical experience in the realm of digital assets, focusing extensively on fundamental analysis and strategic long-term investments. His insights are grounded in a solid educational background with a Bachelor of Science from Michigan State University and a subsequent degree in Business Administration and Management from the prestigious London Business School. With a career that includes a two-year tenure as an Editor for Finance Illustrated and two years as a Content Strategist at Economy Watch, Jay has honed his expertise in the financial sector, particularly in cryptocurrency markets. Jay's authority in the crypto space is well-recognized as he has written for a myriad of respected publications besides Business2Community including Cryptonews.com, Jewish Journal, Economy Watch, and others. His analytical pieces help investors understand the intricate dynamics of cryptocurrencies, shedding light on how institutional participation impacts the broader asset class's future. An avid collector of non-fungible tokens (NFTs), Jay's involvement in the cryptocurrency sphere is both professional and personal. He has been closely following and investing in the burgeoning NFT market both for work and for pleasure. His commitment to the finance community extends beyond writing and investment. At Finance Illustrated, h. This role fortified his commitment to disseminating financial information responsibly, aligning with the stringent requirements of financial reporting and analysis. When he isn't immersed in analyzing cryptocurrency markets or expanding his NFT collection, Jay enjoys engaging with the finance community, sharing his insights and forecasts based on macroeconomic trends, and exploring how they reflect global financial shifts.

View all posts by Jay Leonard