The BlackBerry maker actually reported first quarter results that were slightly up on the predictions of analysts. The company's revenue jumped to $3.42 billion from $2.24 billion and RIM added another 3.8 million new Blackberry subscribers, bringing the number of Blackberry owners almost 29 million.
Analysts had expected revenue of $3.4 billion.
However, for the second quarter, that ends on 29 August, RIM predicted revenue of between $3.45 billion and $3.7 billion, and earnings per share of between 94 cents and $1.03.
Technology analyst Carmi Levy told that RIM's outlook is still robust. "They see it as a threat," he said of RIM's attitude toward rivals' new handsets and their aggressive prices. "They just don't see it as highly likely that it's really going to take them down significantly."