RIM More Than Doubles Year-Over-Year Quarterly Profit

With financial results like these, you can see why Apple is making a strong play for the enterprise smart phone market. But so far, the iPhone and BlackBerry are both growing:

An analyst with Canaccord Adams, Peter Misek, called it a “monster quarter” and said RIM had benefited from Apple’s introduction of the iPhone, which brought attention to the smart phone market.

“People are staring to realize, ‘Why should I buy a Razr when I can buy a BlackBerry or an iPhone?’ I think the iPhone was the single biggest blessing RIM ever had,” Mr. Misek said.

★ Wednesday, 2 April 2008