The Black Berry OS platform and BES continued to increase in functionality—while the incorporation of encryption and S/MIME support helped Black Berry devices gain increased usage by governments and businesses.During fiscal 1999-2001, total assets declared in the RIM's balance sheet grew eight-fold due to massive capacity expansion.
Pivotal in this development was the release of the [email protected] Pager 950, which started shipping in August 1998.
RIM soon began to introduce Black Berry devices aimed towards the consumer market as well, beginning with the Black Berry Pearl 8100—the first Black Berry phone to include multimedia features such as a camera.
The introduction of the Pearl series was highly successful, as was the subsequent Curve 8300 series and Bold 9000.
As the i Phone and Google Android accelerated growth in the United States, the Black Berry began to turn to other smartphone platforms.
Nonetheless, the Black Berry line as a whole continued to enjoy success, spurred on by strong international growth.
A total of C$30,000,000 in pre-IPO financing was raised by the company prior to its initial public offering on the Toronto Stock Exchange in January 1998 under the symbol RIM.