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.
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Spotify became the latest tech company to call on the European Union to take action against Apple over anti-competitive practices.
SpaceX launched its Falcon 9 rocket to bring a powerful GPS satellite into orbit for the U.S. Space Force.
Amazon has begun cutting about 18,000 workers this week, affecting largely Amazon stores and some in the technology unit.
