Although it grew its subscriber base by 40% in the second quarter of fiscal 2012, Research In Motion (RIM) has reported reduced revenues and profits.

The company now boasts a 70-million BlackBerry subscriber base, having shipped more than 10-million of the smartphones during the quarter, and is expecting to grow this number of 27% to 37% in the next quarter.

Revenue for the second quarter of fiscal 2012 was $4,2-billion, down 15% from $4,9-billion in the previous quarter and down 10% from $4,6-billion in the same quarter of last year.

The revenue breakdown for the quarter was approximately 73% for hardware, 24% for service, and 3% for software and other revenue.

During the quarter, RIM shipped approximately 10,6-million BlackBerry smartphones and approximately 200 000 BlackBerry PlayBook tablets.

“We successfully launched a range of BlackBerry 7 smartphones around the world during the latter part of the second quarter and we are seeing strong sell-through and customer interest for these new products. Overall unit shipments in the quarter were slightly below our forecast due to lower than expected demand for older models,” says Jim Balsillie, co-CEO at RIM. “We will continue to build on the success of the BlackBerry 7 launch to drive the business as we focus our development efforts on delivering the next generation, QNX-based mobile platform next year.”