Now BlackBerry is a software group

BlackBerry

BlackBerry’s attempt to turn from a smartphone maker into a software group gained traction in its latest quarter, sending its shares up 11 per cent in afternoon New York trading. The Canadian group is trying to pivot towards sales of software to business and governments, now it is little more than a bit-part player in the smartphone market it helped pioneer, and which is now dominated by Apple and Samsung… BlackBerry has tried to expand its software division in recent months through a string of acquisitions, including Good Technology, a mobile security provider it bought for $425 million in September, and AtHoc, which helps build emergency alert systems for governments… Some analysts expect BlackBerry to sell off its handset business once its software division has sufficient scale.

 

David Crow

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