BlackBerry Comeback: The Company Is Reborn As A Software Company

BlackBerry Comeback: The Company Is Reborn As A Software Company
user1462590383 / Pixabay

This year was full of surprises. Apple didn’t stop at making only iPhone 8 and iPhone 8 Plus, and featured the arriving iPhone X. Google is announcing new Pixel phones on October 4th. What is a wonderful surprise is the news of BlackBerry comeback.

It is a known fact that BlackBerry has been struggling with its products over the past few years. How could it not? The past few years welcomed many futuristic gadgets, including high-end iPhone devices and even more Android-friendly devices. BlackBerry’s operating system had a hard time fighting that.

When everyone was convinced BlackBerry was to meet its end, it is making a debut as a software company. The BlackBerry CEO John Chen is going to lead the business towards its journey as a software company focused on security.

Q1 2021 13F Round-Up: Notable Hedge Fund Changes

investBelow is our 13F roundup for some high profile hedge funds for the three months to the end of March 2021 (Q1). Q1 2021 hedge fund letters, conferences and more The statements only include equity positions as 13Fs do not include cash and debt holdings. They also only include US equity holdings. Funds may hold Read More

One month ago, BlackBerry said that it’s releasing its own software dedicated to its mobile phones. The future smartphones are going to feature this software together with Google’s Android 7 Nougat operating system.

BlackBerry was one of the leading companies focused on smartphone manufacturing back in 2009. It had control of the market with a 41,6% share at the end of the year. Unfortunately for BlackBerry, Samsung and Apple vastly progressed during 2013 and gained quite the share of the market. That’s when John Chen, the current BlackBerry CEO joined the team. Unfortunately, it was too late. BlackBerry had just about 3% share of the smartphone market.

In the last four years, BlackBerry has made several attempts to return in the game as the leading smartphone company. Sadly, unsuccessfully. No one knew whether the company will continue to battle the market and withdraw. Luckily, it is. However, this is a different market we are talking about.

Everyone seems to be pleased that Chen took the initiative to turn BlackBerry into a software company, BlackBerry comeback appears to be paying off. It’s never easy to face defeat. BlackBerry had to face it several times, although, now, it was worth it. The revenues the company is making prove that this was an intelligent step.

According to analysts, BlackBerry was expected to continue sinking. No one believed BlackBerry’s report once it emerged. The company announced a $249 million revenue. The largest part of this profit belongs to BlackBerry’s focus on the security-centered software of $996 million. Basically, company’s stock grew by 12%.

Another information that scratched the surface is that Blackberry will follow other giants and take on a journey focusing on the self-driving vehicles. It is expected that BlackBerry will collaborate with Delphi Automotive for an operating system for self-driving cars.

What do you think about the BlackBerry comeback? Let us know in the comments!

No posts to display