BlackBerry’s bet on connected cars pays off
New York (CNN Business)BlackBerry may no longer be a leader in the smartphone market. But the company’s shift to software for autonomous vehicles and cybersecurity is paying off.
BlackBerry (BB) reported earnings and sales Thursday that topped Wall Street’s forecasts, led by strength in its tech solutions and licensing businesses. The stock was up nearly 2% on the news, a sharp contrast to the rest of the market.
CNN Business spoke to BlackBerry CEO John Chen about the latest results. Chen said that the company’s focus on the connected cars market in particular is helping sales.
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