RIM Sales Expected to Double

By AllBlackBerry on 18 Dec 2007 08:47 pm EST
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According to MarketWatch, RIM is expected to see its sales nearly double for the quarter ended Dec. 1. Net income is expected to surge by more than 60%, according to current Wall Street estimates.

By contrast, Palm Inc. is expected to swing to a loss for the quarter with a 10% drop in sales for the same period.

Jim Suva of Citigroup predicted in a report Monday that the difference in the two companies’ results “will be glaring.” He wrote that RIM is expected to post a strong quarter despite “recent macroeconomic fears” as well as weakness in the troubled financial-services sector — historically a big BlackBerry buyer.

Could be another sign that RIM’s push into the consumer market has really paid off.

RIM’s results for the third quarter of fiscal 2008 are due out on Thursday, December 20, 2007, with a conference call expected at 5 p.m. ET.

Sales Double!

## This Article Was Originally Published on AllBlackBerry.com

Topics: News & Rumors

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