Research In Motion, maker of the BlackBerry mobile device, reported a 57% rise in second quarter earnings, but reported slower than hoped for subscriber growth and software sales during the summer.
Apparently they added 620,000 subscribers in the last quarter, rather than the 620,000 - 650,000 the had projected. RIM said demand was dampened by "summer seasonality" in all markets, especially Europe. This does make me a little suspicious, I mean, what's new about summer seasonality, particularly in Europe! Surely they factored this into their predictions.
Is this the beginning of RIM feeling the heat from greater competition in 3G handsets and a revived Nokia, Palm and Microsoft Mobile? Apparently not, according to RIM, they're predicting a strong rest of year and forecasting that BlackBerry subscriber numbers will break through 5M by next March.
There revenue and earnings numbers do look pretty good.
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