Research In Motion, the company that makes those devices that people stare at while walking through Manhattan while intermittently bumping into fellow pedestrians, reported fairly strong earnings today – albeit earnings that fell short of what the Wall Street wizards hoped to see. (Revenues grew 35% year over year, and gross margin was up to 45.7% versus 40% a year ago.)
So what was it that got the Wall Street types so worked up?
Maybe it had more to do with recent revenue growth. As the following table shows, RIMM had some impressive growth figures as we started to work our way out of the recession early last year. But just a 3.9% growth rate from 3Q to 4Q, well, is not a stunning number. See the chart below. You can see how business seems to have tailed off. Is this an iPhone issue? Android? Maybe even iPad?
March 31, 2010
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