BlackBerry provides wireless devices and solutions for the worldwide mobile communications market. It is widely known for the development of the Blackberry smartphone.
BlackBerry Limited is a Canadian multinational company specialising in enterprise software and the Internet of things. Originally known as Research In Motion (RIM), it is best known to the general public as the former developer of the BlackBerry brand of smartphones, and tablets. It transitioned to an enterprise software and services company under CEO John S. Chen. Its products are used worldwide by various businesses, car makers, and government agencies. They include BlackBerry Cylance’s artificial intelligence based cyber-security solutions, the BlackBerry AtHoc emergency communication system (ECS) platform; the QNX real-time operating system; and BlackBerry Enterprise Server (BlackBerry Unified Endpoint Manager), a Unified Endpoint Management (UEM) platform. BlackBerry was founded in 1984 as Research In Motion by Mike Lazaridis and Douglas Fregin. In 1992, Lazaridis hired Jim Balsillie, and Lazaridis and Balsillie served as co-CEOs until January 22, 2012. In November 2013, John S. Chen took over as CEO. His initial strategy was to subcontract manufacturing to Foxconn, and to focus on software technology. Currently, his strategy includes forming licensing partnerships with device manufacturers such as TCL Communication and unifying BlackBerry’s software portfolio.
For a three-month period that ended on November 30, 2021, BlackBerry’s total revenue made up $184 million. It has plunged compared to $218 million a year earlier, however, it has exceeded analysts’ average expectation of $177.25 million.
Although meme stocks put on quite a show on Thursday, some of them have now crashed, failing to hold on to the heave price swings.
Nasdaq Composite rose by 3.69% to 13,073.82, which made Tuesday the best day for the index since November 2020. The S&P 500 climbed by 1.4% to 3,875.44. As for the Dow Jones, it rose by 30.30 points, or 0.1%, to 31,832.74.
