BlackBerry is pulling farther away from the smartphone market it once ruled and is looking for new ways to increase revenues by pushing into IoT with itsRadar system for the trucking industry and promoting its longstanding QNX mobile operating system.
The company made a relatively paltry $14 million in profit in the first quarter of fiscal 2017, for the period ending May 31, 2016, with only $424 million in revenue. But BlackBerry is busy trying to reinvent itself and analysts speculate whether CEO John Chen can turn it around with IoT products and focusing on QNX.
“I think that they’ve got opportunities there especially as we see more and more devices that need the kinds of qualities that QNX has. QNX has been around for as long as I’ve been in the industry. It’s always been one of the two or three most popular operating systems out there,” said Jeffrey Hammond, an analyst with Forrester.
William Stofega, an analyst with the International Data Corporation, said, “[QNX] is something that can be leveraged. A lot of folks when they look at some of the other OEMs that want to get into these markets, QNX is already there. It gives them a lot of leeway.”