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BlackBerry lost the phone war. Now it's betting on cars and robots

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Why This Matters

BlackBerry, once a dominant smartphone manufacturer, has shifted its focus to software for autonomous vehicles, secure communications, and AI-driven solutions. This strategic pivot highlights the company's adaptation to changing technology landscapes and emphasizes the importance of security and innovation in the evolving tech industry. For consumers and industry stakeholders, BlackBerry's transformation underscores the value of resilience and specialization in maintaining relevance amidst fierce competition.

Key Takeaways

This report is from this week's The Tech Download newsletter. Like what you see? You can subscribe here.

Who remembers the phrase "BBM me?"

In its heyday, BlackBerry was one of the biggest phone makers in the world. BlackBerry Messenger (BBM) was the instant messaging service that became a fixture of early smartphone culture. But while, BlackBerry remains an iconic brand, its business today looks vastly different from what it was nearly two decades ago.

While far off its 2008 highs, BlackBerry's share price has doubled this year as investors reward the company's strategy to focus on critical software for cars and secure communications.

John Giamatteo, CEO of BlackBerry, joined me for the latest episode of "The Tech Download" to discuss how the company is positioning for a future in AI.

"While the products that we offer to our customers around the world can't necessarily be held in the palm of your hands like the old devices, those values of security, trust and innovation still shine through in the software and services and the other solutions that we deliver to the market today," Giamatteo said as he summed up the current business.