Chief executive John Chen has yet to reverse the company’s slide – but a positive response from investors is pushing up its shares
Remember BlackBerry? The one-time giant of smartphones has gone through tumultuous times over the past six years, and become a much smaller software company. Its results last week showed just how small: third-quarter revenues were $226m (£169m), its lowest three-monthly total since 2004, with an operating loss of $258m.
The Canadian company’s chief executive, John Chen, is a turnaround specialist who believes that the future is in self-driving cars, where automakers and software firms alike see huge promise. It is investing hope in QNX, which it bought in 2010: a maker of software that underpins car entertainment and data systems.
The auto sector is our best chance at revenue growth