RIM fourth quarter results: Sales growth and Shares rise
After the markets close today, BlackBerry smartphone maker Research In Motion will announce their 4th quarter results, and apparently analysts are expecting RIM to post a large jump in profit by approximately 41% on sales growth of 24% reports the globe and mail.
Apparently these expectations are within the targets Research In Motion had set itself and shows the worldwide power of Canada’s BlackBerry smartphone maker.
However, investors still fret over the future of Research In Motion after tough competition in the smartphone space from Apple and the iconic iPhone along with yet another Apple success with their iPad.
Yesterday, the BlackBerry maker’s shares lost more than one percent while on the other side of the coin, Apple stock rose by a similar quantity, and over the past year RIM shares have grown by 30% while Apple shares have grown by 126%.