BlackBerry maker RIM is now the fastest growing company worldwide

RIM Co-Founder & CEO Jim Balsillie

RIM Co-Founder & CEO Jim Balsillie

Waterloo-based BlackBerry maker Research In Motion (RIM), is now the world’s fastest-growing company according to a report released by Fortune.

The report noted RIM had an average sales growth of 77% over the last three years, with average EPS growing at 84 percent during the same period.

The tremendous growth can be attributed to RIM diversifying into the consumer market space. RIM now holds over 20% of the total smartphone market in Q1 2009, according to the report. The BlackBerry Curve device was

 the top selling smartphone worldwide in Q1 2009, beating out the iPhone.

RIM posted a $643 million ($1.12 per share) profit in Q1 2009, compared to a $482.5 million ($0.84 per share) profit in Q1 2008. Q1 09 Revenue is also materially up more than 50% YoY to $3.42 billion.

Apple ranked in at the 39th spot on the Fortune fastest growing companies with an average sales growth of 27% over the last three years.

tag TAGS: , ,
Short URL:
b2p Ensure that you follow us on Twitter and Like us on Facebook
Hercules holds a B.Comm Finance from Ryerson University in Toronto, Canada. He is a Chartered Financial Analyst (CFA) level 3 candidate. He was previously a contributor at FiLife, a finance website owned by Dow Jones and IAC. Write to [email protected]
We are perfectly committed to the highest ethical and professional codes of conduct and standards in the industry on a firm wide basis. Learn more about us, our contributors, and our governance
We encourage you to comment. Comments are moderated. Comments that are abusive, off-topic, have marginal substance, or include promotional content will be removed. We cannot facilitate requests to edit or remove comments, or explain moderation decisions

Business 2.0 Press publishes exclusive business tech news and analysis covering start-ups to large-caps from Bay & Wall streets since 2008 from a group of highly knowledgeable industry professionals that abide by the toughest industry codes of conduct and professional standards lightMore

lightAdd value by subscribing (RSS)

logo has the most stock ratios for public companies. Get the most comprehensive micro insight on public firms available on the web, all for free.
Stock Fractionsgo


Colon cancer is one of the leading causes of death. Irrespective of family history, everyone is exposed to the risk. About 90% of colon cancer cases begin from non-cancerous tumors, polyps, which could form in the large bowel. Screening with a colonoscopy will painlessly remove any polyps hence almost entirely reducing your risk of developing the horrible disease. The good news is that about 90% of colon cancer cases are preventable through a simple (yes, simple) colonoscopy.
Learn moreatom
Public service message from Business 2.0 Press