BlackBerry Stock Inches Up On Less Losses

Posted on Thursday, Oct 5, 2023 by Ned Bellavance

Featured in this episode of Tech News of the Week

Blackberry, yes THAT Blackberry, saw a slight bump in their stock price after reporting on their fiscal Q2 results showing that they had lost slightly less money this quarter than previous quarters. As someone who came up in tech during the early aughts, BlackBerry devices and their parent company Research In Motion were essentially ubiquitous.

For many years I carried a BlackBerry seated firmly in a plastic holster on my belt, right next to my chain wallet. But the advent of the iPhone all but sealed RIM’s fate, and I was as shocked as anyone to discover they are still an actual company with real products.

What sector have they branched into? The IoT space with a real-time operating system and vehicle software platform. Named QNX and IVY respectively, they will be used by Mitsubishi in forthcoming vehicles. So while you may no longer have a BlackBerry strapped to your waist, they’ll still be helping to drive productivity, literally. Or at least helping you drive to the urgent care facility due to the second-degree burns from your iPhone 15.