NEW YORK ( TheStreet) -- Research In Motion ( RIMM) will report earnings after the market's close Wednesday, and the results could give a boost to iShares S&P North American Technology-Multimedia Networking Index Fund ( IGN).RIM's earnings are expected to be $1.28 per share; revenue is projected to be $4.31 billion. RIM is most famous for producing the popular Blackberry cell phone, which was an early leader in the now-burgeoning smartphone sector. The Blackberry has managed to retain much of its popularity recently despite the enormous success of Apple's ( AAPL) iPhone. So far this year, IGN has risen 7.1%, outperforming the S&P 500. RIM's earnings and industry outlook may add to the fund's gains. IGN allocates 7.9% of its assets to RIM and holds other mobile phone makers, such as Motorola ( MOT). If RIM's earnings report creates a favorable outlook for the industry, it could lift other holdings in IGN. A better-than-expected report would confirm that smartphones continue to increase their share of the mobile phone market. This would improve the outlook of companies in IGN that manufacture phone components and operate networks allowing smartphones to run complicated applications and download large quantities of data. Due to the popularity of smartphones, many networks have even reported problems from an excess of demand for data transfers. This trend has continued to the extent that many smartphones now come equipped with the capability to download data from Wi-Fi internet connections in addition to wireless phone signals. The percentage of smartphones shipped with Wi-Fi capabilities is expected to increase from 55% in 2009 to 65%-70% in 2010, according to an ABI Research analyst. As the technology gains ground, it's not only handset manufacturers that will benefit from the expansion. Chipmakers are also expected to be beneficiaries of the growth and, according to Reuters, the companies that will see the most benefit are Broadcom ( BRCM), Atheros Communications ( ATHR), Qualcomm ( QCOM) and Marvell Technology ( MRVL). Qualcomm is a top 10 holding in IGN, accounting for 6.2% of the fund.