Research In Motion Reports First Quarter Results

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RIM Prepares To Ship 20 Millionth BlackBerry Handset
29th June 2007

Research In Motion Limited (RIM) (NASDAQ: RIMM)(TSX: RIM), a world leader in the mobile communications market, today reported first quarter results for the three months ended June 2, 2007 (all figures in U.S. dollars and U.S. GAAP).

Revenue for the first quarter of fiscal 2008 was $1.082 billion, up 16.3% from $930.4 million in the previous quarter and up 76.5% from $613.1 million in the same quarter of last year. The revenue breakdown for the quarter was approximately 76% for devices, 16% for service, 5% for software and 3% for other revenue. During the quarter, RIM shipped approximately 2.4 million devices.

The total number of BlackBerry subscriber accounts in the quarter increased by approximately 1.2 million to over 9 million total subscriber accounts.
"We are starting fiscal 2008 with strong operating performance, including record revenue, earnings and subscriber results," said Jim Balsillie, Co-CEO at RIM. "After completing our first billion dollar quarter, we are now preparing to ship the 20 millionth BlackBerry handset this summer. This growth is a testament to our strong portfolio of products and services and our successful channel expansion. We look forward to the remainder of the year in which we anticipate continued growth within both North American and international markets."

GAAP net income for the quarter was $223.2 million, or $1.17 per share diluted, as compared with net income of $187.4 million, or $0.98 per share diluted, in the prior quarter. Adjusted net income excluding stock option expense of $5.3 million was $228.5 million, or $1.20 per share diluted. The adjusted net income and earnings per share do not have any standardized meaning prescribed by GAAP and therefore are unlikely to be comparable to similar measures presented by other issuers. These adjusted measures should be considered in the context of RIM's GAAP results. This is the last quarter that RIM will be reporting net income and earnings per share adjusted for stock option expense.

Revenue for the second quarter of fiscal 2008 ending September 1, 2007 is expected to be in the range of $1.3-$1.365 billion. Subscriber account additions in the second quarter are expected to be in the range of 1.325-1.375 million. GAAP earnings per share for the second quarter are expected to be in the range of $1.37-$1.49 diluted or 45-49 cents per share diluted on a post-split basis, factoring the effective 3-for-1 stock split announced separately today.

The total of cash, cash equivalents, short-term and long-term investments was $1.56 billion as at June 2, 2007, compared to $1.41 billion at the end of the previous quarter, an increase of $150 million over the prior quarter.
Highlights of the First Quarter:

- RIM opened new BlackBerry APIs to support growth in mobile applications.
- RIM announced the BlackBerry Mobile Voice System (BlackBerry MVS) for
seamless enterprise voice integration.
- RIM announced a new BlackBerry application suite for Windows
Mobile-based devices.
- RIM announced the BlackBerry Plug-in for Microsoft Visual Studio.
- RIM hosted the sixth annual Wireless Enterprise Symposium.
- AT&T launched the red BlackBerry Pearl and the BlackBerry Curve in
the U.S.
- Verizon Wireless launched the BlackBerry 8830 World Edition in the U.S.
- T-Mobile USA launched the BlackBerry 8800 in the U.S.
- SunCom launched BlackBerry Pearl in the U.S.
- Cincinnati Bell launched the BlackBerry Pearl in the U.S.
- Rogers launched the red BlackBerry Pearl and the BlackBerry Curve
in Canada.
- Bell Mobility announced the BlackBerry 8830 World Edition in Canada.
- O2 launched the BlackBerry Curve in the UK.
- Vodafone launched the BlackBerry Curve in the UK and Spain.
- Telefonica launched the BlackBerry Curve in Spain.
- Bouygues Telecom launched the BlackBerry Curve in France.
- T-Mobile launched the BlackBerry Curve in Germany and Austria.
- SFR launched the BlackBerry 8800 in France.
- Orange launched the BlackBerry 8800 in Poland, Romania and Slovakia.
- Proximus launched the BlackBerry 8800 in Belgium.
- TIM launched the white BlackBerry Pearl and the BlackBerry 8800 in Italy.
- TDC launched the BlackBerry Pearl in Denmark.
- Globul launched the BlackBerry 8707g and the BlackBerry Pearl in
Bulgaria.
- TMN launched the BlackBerry Pearl in Portugal.
- Mobitel launched BlackBerry Internet Service in Slovenia.
- Manx Telecom launched BlackBerry in Isle of Man.
- MTC-Vodafone launched the BlackBerry Pearl and the BlackBerry 8707v
in Bahrain.
- Fastlink launched the BlackBerry Pearl in Jordan.
- MTN launched the BlackBerry Enterprise Solution in Nigeria.
- Mobily launched the BlackBerry Pearl in the Kingdom of Saudi Arabia.
- MTC launched BlackBerry in Kuwait.
- Meditel launched BlackBerry in Morocco.
- Nextel launched BlackBerry in Argentina and Brazil.
- Telefonica Movistar launched the BlackBerry Curve in Chile.
- TIM launched the BlackBerry Pearl in Brazil.
- Telefonica Movistar launched the BlackBerry Pearl and the BlackBerry 8800
in Argentina and Colombia.
- Telefonica Movistar launched the BlackBerry Pearl in Venezuela, Panama,
Nicaragua, Salvador and Guatemala.
- Telcel launched the white and red BlackBerry Pearl in Mexico.
- Claro launched the white BlackBerry Pearl in Brazil and Peru.
- Comcel launched the white BlackBerry Pearl in Colombia.
- CTI launched the white BlackBerry Pearl in Argentina.
- Porta launched the white BlackBerry Pearl in Ecuador.
- Entel launched the BlackBerry Pearl in Bolivia.
- TIM launched the BlackBerry Pearl in Brazil.
- Cable and Wireless launched the BlackBerry Pearl and the BlackBerry 8800
in the Caribbean.
- M3 launched the BlackBerry Pearl and the BlackBerry 8800 in Bermuda.
- UTS launched the BlackBerry Pearl and the BlackBerry 8800
in Curacao and St. Martin.
- Setar launched the BlackBerry Pearl in Aruba.
- Digicel launched BlackBerry service in Guyana.
- Digicel launched the BlackBerry 8800 in the Caribbean.
- Hutch launched the BlackBerry 8800 in India.
- Airtel launched the BlackBerry 8800 in India.
- StarHub launched the BlackBerry 8800 in Singapore.
- SingTel launched the BlackBerry 8800 in Singapore.
- 3Hong Kong launched the BlackBerry 8800 in Hong Kong.
- CSL launched the BlackBerry 8800 and the white BlackBerry Pearl
in Hong Kong.
- SmarTone Vodafone launched the BlackBerry 8800 in Hong Kong.
- Peoples launched the BlackBerry 8800 in Hong Kong.
- Telstra launched the BlackBerry 8800 in Australia.
- Optus launched the BlackBerry 8800 in Australia.
- Vodafone launched the BlackBerry 8800 in Australia.
- Smart launched the BlackBerry 8800 in the Philippines.
- Dopod International launched BlackBerry Connect v4.0.
- BlackBerry ISV Alliance members continued to build upon the BlackBerry
platform with a range of new products and services that help customers
extend their wireless data strategies beyond wireless email.
Highlights Subsequent to Quarter End:
- Sprint launched the BlackBerry 8830 World Edition in the U.S.
- O2 launched the BlackBerry Curve in Ireland.
- KPN launched the BlackBerry Curve in The Netherlands.
- Sentel GSM launched BlackBerry in Senegal.
- Comcel launched the BlackBerry 8800 and the red BlackBerry Pearl
in Colombia.
- CTI launched the red BlackBerry Pearl in Argentina.
- Claro launched the red BlackBerry Pearl in Peru and Guatemala.
- Porta launched the red BlackBerry Pearl in Ecuador.
- Digicel launched the BlackBerry Curve in the Caribbean and El Salvador.
- BTC launched the BlackBerry Pearl in Bahamas.
- Telefonica Movistar launched the BlackBerry Pearl in Brazil and Mexico.
- Entel PCS launched the BlackBerry 8800 in Chile.
- DoCoMo Announced Japanese Text Input Support for BlackBerry.
- 3Hong Kong launched the red BlackBerry Pearl in Hong Kong.
- Celcom launched the BlackBerry Pearl in Malaysia.

The replay of the company's Q1 conference call can be accessed after 7 p.m. (eastern), June 28, 2007 until midnight (eastern), July 12, 2007. It can be accessed by dialing 416-640-1917 and entering passcode 21221686#. The conference will also appear on the RIM web site, live at 5:00 pm (eastern) and archived at Research In Motion until midnight August 2, 2007.