Technology content trusted in North America and globally since 1999
8,427 Reviews & Articles | 64,570 News Posts

BlackBerry speaks about security efforts, as business focus changes

BlackBerry continues its evolution away from just a smartphone manufacturer

By Michael Hatamoto from Jul 25, 2015 @ 7:30 CDT

BlackBerry is looking for new business opportunities away from just smartphone handsets, and recently showed off a new line of security products. The company wants to continue its evolution from just a smartphone maker, and has focused more on software and cloud-based offerings.

blackberry-speaks-security-efforts-business-focus-changes_01

The full turnaround may take a bit longer than what the company previously predicted, and instead of it taking six months, could take an additional 12 to 18 months.

"I'm pretty satisfied with the progress on the turnaround so far," said John Chen, CEO of BlackBerry, in a statement to Reuters. "I laid out the $500 million software revenue target and I'm still comfortable with that commitment for this fiscal year, it looks good."

However, some financial analysts remain doubtful BlackBerry can emerge as a realistic competitor in a drastically changing mobile market. Chen remains committed to the current effort:

"We're patiently building the product pipeline and the sales channel. There is still a lot of work to do, I'd love for everything to move faster, but I caution people to be a bit patient we can't rebound in a very short period of time, no company can. We are doing all the right things for the long term and the company is definitely out of financial trouble."

NEWS SOURCES:Uk.reuters.com, Hamodia.com


Related Tags

PRICING: You can find products similar to this one for sale below.

USUnited States: Find other tech and computer products like this over at Amazon.com

UKUnited Kingdom: Find other tech and computer products like this over at Amazon.co.uk

AUAustralia: Find other tech and computer products like this over at Amazon.com.au

CACanada: Find other tech and computer products like this over at Amazon.ca

DEDeutschland: Finde andere Technik- und Computerprodukte wie dieses auf Amazon.de