The Mobile Internet Report Key Themes*

RIM BlackBerry vs. Apple iPhone / iTouch –
iPhone’s User Base = 102% of BlackBerry’s, Up from 19% Two Years Ago!
BlackBerry vs. iPhone – Net Subscriber Additions, Global Subscribers
CQ2:07 CQ3:07 CQ4:07 CQ1:08 CQ2:08 CQ3:08 CQ4:08 CQ1:09 CQ2:09 CQ3:09
Global Net Subscriber Additions (000)
BlackBerry 1,200 1,450 1,650 2,180 2,300 2,600 2,600 3,900 3,803 3,770
Y/Y Growth 76% 106% 89% 114% 92% 79% 58% 79% 65% 45%
Q/Q Growth 18 21 14 32 6 13 0 50 -3 -1
iPhone 270 1,119 2,315 1,703 717 6,892 4,363 3,793 5,208 7,367
Y/Y Growth -- -- -- -- 166% 516% 88% 123% 626% 7%
Q/Q Growth -- 314 107 -26 -58 861 -37 -13 37 41
Global Subscribers (000)
BlackBerry 8,820 10,270 11,920 14,100 16,250 18,900 21,500 25,400 29,203 32,973
Y/Y Growth 58% 66% 70% 85% 84% 84% 80% 80% 80% 74%
Q/Q Growth 16 16 16 18 15 16 14 18 15 13
iPhone 270 1,389 3,704 5,407 6,124 13,016 17,379 21,172 26,380 33,747
Y/Y Growth -- -- -- -- 2168% 837% 369% 292% 331% 159%
Q/Q Growth -- 414 167 46 13 113 34 22 25 28
iPhone / BlackBerry Ratio 3% 14% 31% 38% 38% 69% 81% 83% 90% 102%
iPhone + iTouch Users (000) 270 1,933 7,510 10,663 13,012 21,571 30,284 37,327 45,000 57,347
Y/Y Growth -- -- -- -- 4719% 1016% 303% 250% 246% 166%
Q/Q Growth -- 616 289 42 22 66 40 23 21 27
iPhone + iTouch /
BlackBerry Ratio
3% 19% 63% 76% 80% 114% 141% 147% 154% 174%
Note: RIM fiscal year ends in February, CQ3:09 for RIM is 5/09 through 8/09, while CQ3:09 for Apple is 6/09 through 9/09.
Source: RIM, Apple, Morgan Stanley Research.
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