RIM's Financial Results Highlight Challenge of Crossing Over into Consumer Market

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Research In Motion (RIM) announced its earnings for the three months ending May 2009 on June 12 in a call chaired by RIM's co-CEO Jim Balsillie. RIM's performance for the quarter was generally within prior guidance. Forward-looking statements cited positive unit volume and subscriber growth as well as gross margin stability. Management's tone was optimistic. But RIM's results were greeted coolly by investors. Shares opened 2 percent lower on the NASDAQ exchange amid concerns for the company's growth prospects against a range of high profile competitive launches from Apple, Nokia, Palm and others.