Green shoots at BlackBerry? Fallen phone giant turns its hand to software
by Charles Arthur from Technology | The Guardian on (#3BGHE)
Chief executive John Chen has yet to reverse the company's slide - but a positive response from investors is pushing up its shares
Remember BlackBerry? The one-time giant of smartphones has gone through tumultuous times over the past six years, and become a much smaller software company. Its results last week showed just how small: third-quarter revenues were $226m (169m), its lowest three-monthly total since 2004, with an operating loss of $258m.
The Canadian company's chief executive, John Chen, is a turnaround specialist who believes that the future is in self-driving cars, where automakers and software firms alike see huge promise. It is investing hope in QNX, which it bought in 2010: a maker of software that underpins car entertainment and data systems.
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