BlackBerry maybe making a comeback.
https://mexytek.blogspot.com/2017/09/blackberry-maybe-making-comeback.html
Shares of BlackBerry rose nearly 15% Thursday after
the company posted strong gains in sales of its software and services. BlackBerry
stock has done better than Apple and the FANG of four (Facebook, Amazon, Netflix
and Google) that rule tech world so far in 2017.
BlackBerry is still probably most well-known for its
QWERTY keyboard phones that used to be extremely popular on Wall Street and
with many business consumers, governments and celebrities.
It lost market share to Apple following the
introduction of the iPhone as well as companies that make phones running on
Google owner Alphabet 's Android operating system, such as Samsung. Chen
inherited a company in turmoil amid rampant speculation it would not survive.
But BlackBerry has cleaned up its balance sheet
under Chen. The company now has $2.5 billion in cash and investments and just
$739 million in long-term debt. It no longer makes its own phones but has
outsourced its manufacturing as they also have embraced Android.
Software now makes up more than 40% of BlackBerry's
sales. Big malware attacks like the WannaCry bug from earlier this year have helped
boost BlackBerry's profile.