Then I saw her face, now I'm a believer
Not a trace of doubt in my mind.
I'm in love, I'm a believer!
-- From "I'm A Believer" by Neil Diamond, as made famous by the Monkees
It's hard not to fall in love with Research In Motion
"Recession, schmecession," RIM said, reporting an 84% year-over-year revenue increase to $3.46 billion (in American dollars, thank you). That's even 23.5% greater than last quarter, so demand for the company's products is clearly very healthy.
That point was reinforced by 3.9 million net new subscribers during the quarter, and management's expectations to add about that many more in the current quarter. To put that in perspective, a well-respected consumer brand such as TiVo
Operating expenses increased by just 3.2% over last quarter, showing some fiscal discipline. Earnings came in at $0.90 per share, 25% above last year's $0.72 per share. Mighty Apple will be hard-pressed to match these growth figures when it reports earnings in a couple of weeks. Traditional phone giants such as Nokia
I've been a BlackBerry skeptic, largely because the smartphone market is bristling with highly capable competition. But you just can't argue with growth like this. The BlackBerry fans are sticking around -- and telling their friends. In my Foolish opinion, this stock has barely begun its recovery from last year's heart-stopping drops.
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