On Thursday, the company reported results for its fiscal fourth quarter ended March 3. It also announced additional personnel changes, including that Jim Balsillie, former co-CEO of the company, has given up his board seat. Balsillie and company founder Jim Lazaridis recently handed over their positions as co-CEOs to Thorsten Heins, who had been chief operating officer.

For RIM's fourth quarter, revenue dropped 25 percent from the previous year to US$4.2 billion. The company recorded a net loss of $125 million, or $0.24 per diluted share.

Analysts were expecting just slightly better revenue. Those polled by Thomson Financial thought revenue would reach $4.54 billion.

RIM shipped 11.1 million phones in the fourth quarter, 21 percent fewer than in the third quarter. It also shipped 500,000 PlayBook tablets. That's up from just 150,000 in the third quarter. The company has sold a total of 1.3 million tablets, it said.

In his first earnings call since he took over as CEO, Heins said he has a different view of the company now that he's spent 10 weeks studying it. "The impression I had at day two of being CEO is now pretty different from the facts I know after being CEO for 10 weeks," he said on the call. After he first took over, his comments were largely supportive of the company's existing strategies, but he has now announced plans to make a number of changes.