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RESEARCH IN MOTION LIMITED
MD&A
Management’s Discussion and Analysis
of Financial Condition and Results of Operations
for the Three Months and Fiscal Year ended February 27, 2010
April 1, 2010
The following Management’s Discussion and Analysis of Financial Condition and Results of Operations
(“MD&A”) should be read together with the audited consolidated financial statements and the accompanying
notes (the “Consolidated Financial Statements”) of Research In Motion Limited (“RIM” or the “Company”) for the
fiscal year ended February 27, 2010. The Consolidated Financial Statements are presented in U.S. dollars and
have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”).
All financial information in this MD&A is presented in U.S. dollars, unless otherwise indicated.
RIM has prepared this MD&A with reference to National Instrument 51-102 “Continuous Disclosure Obligations”
of the Canadian Securities Administrators. Under the U.S./Canada Multijurisdictional Disclosure System, the
Company is permitted to prepare this MD&A in accordance with the disclosure requirements of Canada, which
requirements are different from those of the United States. This MD&A provides information for the fiscal year
ended February 27, 2010 and up to and including April 1, 2010.
Additional information about the Company, including the Company’s Annual Information Form, which is
included in RIM’s Annual Report on Form 40-F, can be found on SEDAR at www.sedar.com and on the U.S.
Securities and Exchange Commission’s (“SEC”) website at www.sec.gov.
Special Note Regarding Forward-Looking Statements
This MD&A contains forward-looking statements within the meaning of the U.S. Private Securities Litigation
Reform Act of 1995 and applicable Canadian securities laws, including statements relating to:
• assumptions and expectations described in the Company’s critical accounting policies and estimates;
• the Company’s expectations regarding the adoption and impact of accounting pronouncements;
• the Company’s expectations regarding the average selling price (“ASP”) of its BlackBerry devices;
• the Company’s estimates regarding revenue sensitivity for the effect of a change in ASP;
• the Company’s expectations regarding gross margin;
• the Company’s estimates regarding its effective tax rate;
• the Company’s estimates of purchase obligations and other contractual commitments; and
• the Company’s expectations with respect to the sufficiency of its financial resources.
The words “expect”, “anticipate”, “estimate”, “may”, “will”, “should”, “intend”, “believe”, “plan” and similar
expressions are intended to identify forward-looking statements. Forward-looking statements are based on
estimates and assumptions made by RIM in light of its experience and its perception of historical trends,
current conditions and expected future developments, as well as other factors that RIM believes are
appropriate in the circumstances. Many factors could cause RIM’s actual results, performance or
achievements to differ materially from those expressed or implied by the forward-looking statements,
including, without limitation, the following factors, which are discussed in greater detail in the “Risk Factors”
section of RIM’s Annual Information Form, which is included in RIM’s Annual Report on Form 40-F:
• third-party claims for infringement of intellectual property rights by RIM and the outcome of any litigation
with respect thereto;
MD&A
3