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BlackBerry's Makeover Is Taking Shape

Wall Street Journal Original article ›

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CEO John Chen's srategy in 2014 is to get more revenues from the higher margin mobile security business and with software service sales. As software service sales are uncertain, and with the threat from Apple in mobile security features, Chen is also introducing the Passport phone with features such as better reading of text for business users. Chen proved his turnaround expertise at Sybase with small targeted acquisitions and he is seen as using these skills at Blackberry. His plan is to breakeven on cashflow by 2015. Samsung and Apple have taken away most of the consumer market from Blackberry and what little remains is in emerging markets. Chen showed a small quarterly profit to send Blackberry shares up. Shares are now at $10.89 increasing 68% after Chen assumed the CEO position in November 2013.

Research in Motion (RIM) Blackberry performance in 2013-2016

01/29/2013

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RIM to Roll Out Emerging Market-Focused BlackBerry

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Sales of BlackBerry's Q10 Keyboard Phone Fall Flat

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BlackBerry to Slash Workforce by Up to 40%

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BlackBerry Stuck With $1 Billion in Unsold Phones

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For BlackBerry Employees, 'It's Not Low Morale. It's No Morale.'

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Research in Motion (RIM) Blackberry strategy

04/10/2011

R.I.M.'s strategy as it faces competition from Apple's iPhone and Google's Android.

Grouped Articles

BlackBerry Maker RIM Posts $518 Million Loss

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RIM to Roll Out Emerging Market-Focused BlackBerry

Wall Street Journal 05/15/2013

BlackBerry Z10 Prices Drop to $49 Amid Weak Sales

Wall Street Journal 07/13/2013

Sales of BlackBerry's Q10 Keyboard Phone Fall Flat

Wall Street Journal 08/29/2013

BlackBerry to Slash Workforce by Up to 40%

Wall Street Journal 09/19/2013

BlackBerry Stuck With $1 Billion in Unsold Phones

Wall Street Journal 09/21/2013

Research in Motion Blackberry CEO John Chen in 2014-2016

09/22/2014

Grouped Articles

BlackBerry's Makeover Is Taking Shape

Wall Street Journal 09/22/2014

BlackBerry’s New Plan Could Bear Fruit

Wall Street Journal 11/17/2014

BlackBerry Unveils Security-Focused Tablet

Wall Street Journal 03/16/2015

BlackBerry Reports $28 Million Profit in 4th Quarter

New York Times 03/27/2015

BlackBerry Results Miss Expectations

Wall Street Journal 06/24/2015

With Phones Lagging, BlackBerry Reports $28 Million Loss

New York Times 06/23/2015


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