BlackBerry maker Research in Motion Ltd. on Thursday reported a better-than-expected 33 percent jump in first-quarter profit as the company continues to boost market share among non-corporate customers.
RIM's second-quarter outlook, however, sent shares tumbling almost 7 percent in aftermarket activity, but the stock regained most of its losses during the company's conference call as executives assuaged analysts' concerns.
Co-CEO Jim Balsillie said RIM's market share of the U.S. smart phone market has grown to 55 percent from 40 percent in the past two quarters. Balsillie said the BlackBerry Curve is the No. 1 selling smart phone in North America. RIM's competition includes Apple's new iPhone and $99 version, the new Palm Pre and the Google Android.
more about RIM 1Q
RIM's second-quarter outlook, however, sent shares tumbling almost 7 percent in aftermarket activity, but the stock regained most of its losses during the company's conference call as executives assuaged analysts' concerns.
Co-CEO Jim Balsillie said RIM's market share of the U.S. smart phone market has grown to 55 percent from 40 percent in the past two quarters. Balsillie said the BlackBerry Curve is the No. 1 selling smart phone in North America. RIM's competition includes Apple's new iPhone and $99 version, the new Palm Pre and the Google Android.
more about RIM 1Q
