Research in Motion (RIM) which has focused on offering only smartphone models and complimenting services right from its inception posted considerably good financial results for the third quarter ended November 28, 2009. The results are in contrast to results posted by vendors such as Nokia and Sony Ericsson which cater to a wider target group within the handset market.

For Q3 09, the revenues of the company were $ 3.92 billion at an 11% sequential rise and 41% increase on a yoy comparison. Devices accounted for 82% of the revenues, services 14%, software 2 and others contributed 2%.

Net profit for the quarter was $ 628.4 million or $ 1.10 per share as compared to $ 475.6 million or $0.83 per share in the previous quarter and net income of $396.3 million, or $0.69 per share last year.

The company shipped 10.1 million units of its popular BlackBerry models in the quarter. With 4.4 million new accounts also added during the quarter. The quarter also saw the company shipping its 75 millionth device. The total subscriber base of BlackBerry accounts at the end of the quarter was 36 million.

"We are pleased to report record shipments of more than 10 million BlackBerry smartphones during the third quarter with higher than expected revenue, earnings and subscriber growth," said Jim Balsillie, Co-CEO at Research In Motion. "RIM is experiencing a great start to the holiday buying season and the strong Q3 results and Q4 outlook clearly reflect the strength of our diversified product portfolio as well as the success of our efforts to expand into broader customer segments and new geographies while maintaining our strong position in North America."

Cash and cash equivalents were at $2.41 billion.

The company says that it expects revenues of $4.2-$4.4 billion in the succeeding quarter.