Blackberry shares soared after the company beat analysts earnings forecasts. John Chen, CEO of Blackberry, joined us to break down the results. Blackberry's results were boosted by an increase in business software sales and licensing revenue. Chen says Blackberry has 2 major focuses. The first is the enterprise software business and the other is the auto sector. Blackberry has been in the auto business for 8-10 years, but made a bigger push about 4 years ago, he points out. Chen says there are 60 million cars on the roads using blackberry software. Looking forward, the company is working on designing new components such as lane-changing and communication capabilities with other cars and infrastructure. He sees a huge opportunity in the space, emphasizing that about 100 million cars are made every year.

Share:
More In Technology
Mustang Mach-E Helps Ford Race Into Electric Era
Ford on Sunday unveiled its all-electric Mustang Mach-E, a curvy four-door SUV that, with the iconic pony logo, is helping the automaker race into a new era that will be marked by an “all-in” $11.5 billion investment in 16 electric vehicles over the next three years.
Google Plans Checking Accounts to Compete With Banks
The search giant has partnered with Citi and Stanford Federal Credit Union, who will handle the heavy lifting in the backend and compliance, and is seeking to position those brands more front-and-center to customers than its own.
Load More