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NEW YORK – Research in Motion Ltd.'s stock took a impact Thursday after the maker of the BlackBerry reportable income from its stylish lodge that fell short of expectations and warned that income in the underway three-month period are shifting to cheaper models.

RIM's shares were downbound $6.59, or more than 10 percent, at $57.50 in long trading after the Waterloo, Ontario, company reportable results from the threesome months that ended Feb. 26.

It posted gain income of $934 million, or $1.78 per share, for its business ordinal quarter. That was up 31 proportionality from $710 million, or $1.27 per share, a assemblage earlier.

Analysts surveyed by FactSet due earnings of $1.75 per share, on average.

Revenue rose 36 proportionality to $5.6 billion, unsure of the $5.65 1000000000 due by analysts.

For the underway quarter, success in May, RIM said it expects earnings of $1.47 to $1.55 per share, beneath the average shrink prognosticate at $1.65. It said that was because cheaper phones would attain up more of its income in the quarter, and it's outlay more on research, development, income and marketing, especially on its newborn tablet, the PlayBook.

"These are investments in the future," RIM co-CEO Jim Balsillie told investors on a word call. The fall in earnings isn't a trend, he said. The PlayBook and newborn "superphones" that use the aforementioned underlying code as the paper module ready ontogeny going, he said.

"I hit some joint clients that hit approached us about, you know, apiece wanting tens of thousands, individual tens of thousands of PlayBooks," Balsillie said.

The PlayBook goes on a understanding in the U.S. on Apr 19. It's half the size of Apple Inc.'s iPad, and it's fashioned to impact both as a standalone paper and as an accessory for a BlackBerry phone.

RIM said Thursday that the PlayBook module be healthy to run applications cursive for Google Inc.'s Android software.

RIM expects earnings for the whole business assemblage of $7.50 per share, well above the shrink prognosticate at $6.82.

The ontogeny of BlackBerry income has slowed in North America due to rivalry from the iPhone and phones streaming Android. But overseas, income are attractive off, as corporations are exclusive play to place BlackBerrys in the safekeeping of employees. Sales outside the older set markets of U.S., kingdom and Canada are today 52 proportionality of the total, the company said. Cheaper models attain up more of the foreign sales, analysts say.

Balsillie also said the company is commerce more of its cheaper phones because more BlackBerrys are sold without contracts. Such phones aren't supported as such by the wireless carriers, so they're commonly cheaper, entry-level models.

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