Research in Motion reported Q1 financial results last night and, to put it mildly, the results were impressive.
Sales growth was a whopping 76% and subscription growth was 15%.
RIMM stock on the NASDAQ was up an incredible 21% on the day with 2 hours still left in the trading day. For those keeping score, that means RIMM added more than $6.3 billion (with a "B") in market capitalization in 5 hours.
Remember the days when many technology pundits predicted the fall of the blackberry, as competition would undoubtedly catch up to and ultimately surpass the blackberry on functionality, price, and market share?
Well, from an investment community perspective, performance is by far the most important metric when evaluating market position....and RIMM is winning.
Ironically, RIMM's fantastic financial results were released on the same day that Apple's iPhone made its debut. Some are calling the iPhone the latest Blackberry killer. Only time will tell. One thing is for certain, investors will be watching and keeping score.