RIM Quarterly update: just the numbers

Noteworthy data (with my notes in parentheses.)

  • 12.1 million phones shipped, 11 million sold through (estimated iPhones for this Q range from 11 to 13 million)
  • Net subscriber account additions were 4.5 million which was lower than anticipated (41% of units sold through were to new subscribers which implies nearly 60% were to existing users)
  • Revenue grew 31% over the same quarter last year and GAAP earnings grew 76%.
  • The BlackBerry subscriber account base grew 56% year-over-year to over 50 million
  • RIM has shipped approximately 115 million handhelds to date. (note: 120 million iOS to date)
  • BlackBerries are available through over 565 carrier and distribution partners in approximately 175 countries and international markets (vs. 150 carriers and 88 countries for the iPhone)
  • Approximately 52% of revenue in the quarter was generated outside the United States and over 45% of BlackBerry subscriber account base is outside of North America. (70% of iPhones were sold outside the US through the first half of this year)
  • Torch was launched with one carrier but will expand to 75 next quarter
  • To date over 35 million BlackBerry Smartphones have downloaded App World at an average of over 1.5 million Apps are being downloaded every day which is up 40% sequentially (iOS apps are running at 17 million downloads per day)
  • Average selling price for RIM devices was $304 (vs. $600 for the iPhone)
  • Gross margin was 44.5% (upward of 50% for the iPhone)

Research In Motion CEO Discusses F2Q2011 Results – Earnings Call Transcript — Seeking Alpha