Can RIMM Go Any Higher?

Tags: Research in Motion, Telecom, Blackberry, RIMM
10 Feb 12:36am
You bet they will!

Their Pearl launch was so strong, that the word strong makes it sound weak.  Great use of terminology there ladies and gentlemen.  At T-Mobile, there was a 78% jump in new users between Q4 over Q3 alone. That was another new 128,000 Blackberry users, and the Pearl was only launched for three weeks.   As they expand to Cingular's network, Q1 (normally lower in new subscribers) might look similar to Q4. Besides, T-Mobile cut prices on the Blackberry's from $199 to $149.

2006 Q1: 25,000 subscribers, Q2: 51,000 subscribers, Q3: 72,000 and Q4: 128,000

Here's my guidance on this from expontential growth in stronger subscription base worldwide:

2006 revenues came to $2,066M, and I expect 2007: $3,000M and 2008: $4,500
2006 EPS came to $2.52, and I expect 2007: $3.41 and 2008: $5.22

Good outlook

Comments

Back to top

Post comment

Back to top

Post a comment

Please login to post a comment

About

idunno

I'm from Dallas! Got any questions, ask me.