RIM's BlackBerry growth loses momentum

Research in Motion reported a 57 percent increase in second-quarter earnings and a 58 percent increase in its quarterly sales. The company expected higher sales and subscriber growth for the period but cited increased competition as the reason for not meeting their mark. RIM claimed its BlackBerry subscriber base grew by more than 620,000 users to nearly 3.7 million. The company hoped to add 650,000 subscribers during the past quarter. Insiders think customers could be waiting to get a look at the array of new upcoming mobile email solutions from Palm, Nokia and Motorola. RIM posted profits of $111.1 million on sales of $490.1 million for its second quarter, compared with last year's $70.6 million in profits from $310.2 million in sales.

For more on RIM's Q2 report:
- see this piece from the National Post