Reasearch In Motion

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RIM sees 3Q profits rise 45% on Torch strength

Research In Motion reported results that mostly beat expectations Thursday, and the BlackBerry maker forecast strong profits for the current quarter, pushing its shares higher in after-hours trade.

RIM said net profit jumped 45 percent in its third quarter, which ended Nov. 27. It said results were boosted by strong sales of its flagship Torch smartphone, a new product that combines a touch screen like Apple’s iPhone with RIM’s trademark mini keyboard. Get the full story »

Now, it’s an iPad “fighter” from RIM

Research in Motion Ltd. plans to introduce a tablet computer in November to compete with Apple Inc. iPad, Bloomberg News reported Friday on its website, citing two people familiar with RIM’s plans.

The computer, to be called Blackpad, will include Wi-Fi and Bluetooth wireless technology, allowing users to connect to the Internet through BlackBerry smartphones. It is to be priced in line with the iPad, which starts around $499, one person said. Get the full story »