Blackberry is an Internet of Things and Cybersecurity company now
Before Apple iPhones and Google Androids, it was Blackberry. Blackberry released one of the first smartphones in 2002, famous for its QWERTY keypads, making typing for emails and texts effortless. At one point, Blackberry had over 40 million users before its market share, and its user base dwindled when competitors came out with touch-screen smartphones.
Today, Blackberry is rebuilding itself as a business focused on the Internet of Things (IoT), hardware programmed to transmit data over the Internet or other networks, and Cybersecurity. Over the last twelve months, Blackberry has generated $623MM in revenue, with ~57% of its revenue coming from IoT and ~38% from Cybersecurity.
Blackberry’s IoT technology, QNX, powers 255 millions+ vehicles worldwide and helps automakers and Tier 1s design and develop high-performance, safe, secure, and reliable software for Electronic Control Units (ECUs), which controls fuel injection.
Blackberry features three Cybersecurity technology solutions: cybersecurity focused on critical event management solutions, unified endpoint management, and highly secure encrypted voice and data solutions.
It’s rare to see a company completely rebuild itself like this, but Blackberry seems to be making strides - having just reported its first cash flow positive quarter in more than 4 years.
