RIM Releases Rosy 2011 Financial Report

Research in Motion just posted its fourth quarter results for fiscal 2011, and things are looking good for the Canadian smartphone and mobile device company. "Growth" appears to be the buzzword for the moment, as RIM showed a 43% growth from 2010 for shipments in the booming smartphone market, a 33% growth in revenue, and a 47% growth in earnings per share.

However, its shareholders may not have seen things through such rose-tinted glasses, as share values slid some 10% according to a report over at Engadget. It will be interesting to see how RIM intends to hold onto its impressive 10% share over the global smartphone market in the face of increasingly fierce competition from the likes of Android and iOS devices, which have both grown impressively in recent years.

Sources: RIM Press Release, Engadget