BlackBerry was said to be at the crossroads that would determine its future. Following its May quarterly earnings report, the smartphone company continued to bring panic among investors. The disappointing report was released after it posted a better-than-anticipated report for the quarter in February.
BlackBerry's share used to be US$14 each but an analysis made last week stated that it dipped below US$10 per share. Conversely, after the shareholders' meeting held on Tuesday, the price of BlackBerry' stock climbed to 3%. Experts speculated that CEO Thorsten Heins wowed the venture capitalists that made them jump on board and raise their shares in the corporation.
According to reports, BlackBerry would focus on a platform called BlackBerry Enterprise Services 10. Like the goal of BBM, the feature would permit BES10's mobile security to be installed on non-BlackBerry gadgets by corporate IT administrators. Heins said, "It gives us the opportunity to leverage our product capabilities and revenue opportunities across competing platforms."
Corporations that used BES 10 increased by 50% from May to the last week of June. The figure was said to be resting at 18,000. By concentrating on software, BlackBerry would be able to boost its margins again.
Join the Conversation