BlackBerry Tops 5 Mln Subscribers

By Geoff Duncan Published April 7, 2006

In its report for its 2006 fiscal year, Canada’s Research in Motion reports that the company earned more than $2 billion in revenue during the fiscal year, and, despite uncertainties surrounding the company’s bitter, long-running battle with patent holding company NTP, the subscriber base for the company’s signature BlackBerry wireless service grew to over 5 million.

“Our strong market position together with our continuing technology leadership and our unique ability to provide customers and partners with a comprehensive wireless solution presents great opportunity for RIM in the new fiscal year,” said Jim Balsillie, RIM’s Chairman and Co-CEO.

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Investors apparently were unconvinced: the company’s lower-than-expected fourth-quarter profit and first-quarter outlook caused RIM shares to sink in Friday trading. The company’s revenues rose 39 percent year-to-year with a net income of $18.2 million

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