Research in Motion (RIM)

RIM turns in record quarter

Canadian smartphone vendor Research In Motion has reported record results for the third quarter of its 2011 fiscal year, with shipments of its Blackberry devices growing 40 per cent year on year to 14.2 million devices. Revenues were up by the same degree, hitting $5.49bn compared to $3.29bn for the third financial quarter of 2010, and there was a sequential improvement on the second quarter of 19 per cent.

Indian Government threatens Blackberry shutdown

The Indian Government has threatened to shut down Research In Motion’s Indian Blackberry operation at the end of August if RIM does not provide a solution allowing the state “lawful interception” of the firm’s Blackberry email and instant messaging services in India.