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BlackBerry-maker added 2.5 million new subscribers in last quarter, for a total of 19 million.

Research in Motion's (RIM_ financial report today fell short of analyst expectations with the BlackBerry maker reporting earnings of $495.5 million, representing 86 cents per share, for the fiscal second quarter. Revenue of $2.58 billion marked a 15 percent increase compared to a year ago.

While earnings represented a 72 percent increase from net income of 50 cents per share on $287.7 million, compared to the same quarter last year, analysts expected revenue of $2.6 billion and 87 cents a share on earnings. The disappointment led to a 17 percent share drop, to $80.66, by close of market Thursday.

RIM leaders attributed the lower than expected financials to increased hardware costs tied to upcoming new device platforms, a weak US dollar and increased costs on smartphone components. But co-CEO Jim Balsille was bullish on new products, platforms and market share expectations going forward.

Balsille said RIM is focused on an adoption strategy and he'd like to have more investment on the research and development aspect. For the second quarter, RIM increased R&D investment by nearly 12 percent.

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