BlackBerry Lost the Phone War. Now It's Betting on Cars and Robots
BlackBerry CEO John Giamatteo joins CNBC's Arjun Kharpal on The Tech Download podcast.
TL;DR
- BlackBerry's share price has doubled this year, moving away from its past as a phone maker to focus on critical software.
- The company's two main revenue streams are secure communications for governments and QNX, an operating system for cars.
- QNX is embedded in 275 million vehicles, powering features from braking systems to semi-autonomous driving.
- CEO John Giamatteo sees significant future growth in AI, particularly 'physical AI' like robotics, leveraging QNX's high safety standards.
- Robotics is identified as one of BlackBerry's fastest-growing businesses within the QNX portfolio, with a substantial backlog of orders.
- BlackBerry's reinvention is seen as remarkable, and investors are currently embracing its new direction.