RIM continues to stay afloat — for now

Research In Motion last night posted a $235 million quarterly loss on revenues of $2.9 billion, and it saw its BlackBerry sales shrink by 3.2 million units over the same period in 2011. But those results beat estimates, and shares surged 13 percent in trading Friday morning, giving RIM reason to claim that it’s not dead yet — as CNNMoney noted in this clever post.

CNNMoney also noted that RIM continued to grow its BlackBerry audience (thanks largely to overseas sales) and boost its cash position, providing some much-needed breathing room. The next quarter will probably be even more brutal for RIM: Android, iOS and Windows Phone are all getting aggressive support from manufacturers and carriers as we move into the holiday season, while RIM has nothing new worth noting through the end of the year.

But the Canadian developer appears certain to keep its head above water until it releases BlackBerry 10 sometime early next year. The upgraded platform will have to be top-notch if RIM is to reverse direction and grow its market share for the first time in a long time. But there’s still room for a third major mobile operating system alongside Android and iOS, especially in the enterprise. If RIM can execute flawlessly — something it hasn’t done in years — it might claim that space.

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Colin Gibbs

Colin Gibbs

Mobile Curator Gigaom Network

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