BlackBerry Ltd (BBRY) Focusing on $19 Trillion Industry Instead of Phones?


BlackBerry Ltd (NASDAQ:BBRY) is trying hard to get back in the smartphones business. It also launched a tablet which touts to be the most secure tablet in the world. But the company has lost its user base. Apple, Google, Samsung and other players from the emerging markets made it impossible for BlackBerry Ltd (NASDAQ:BBRY) to hold its Enterprise level customer base. People are massively shifting towards Android, iOS and Windows devices. In times like these, Blackberry CEO John Chen is not losing the hope and looks quite confident in the public events. An article on Fool said that there is actually a lot of hope for BlackBerry Ltd (NASDAQ:BBRY).

BlackBerry, Roger Cheng, BlackBerry Passport, is BBRY a good stock to buy,

The source said that famous billionaire investors are not giving up on BlackBerry Ltd (NASDAQ:BBRY). Rather they are increasing their hold in the company. Jim Simons and Paul Tudor are only two on the many examples. This is a positive sign for BlackBerry Ltd (NASDAQ:BBRY) as a few famous investors can change the shift of the market.

The source said that BlackBerry Ltd (NASDAQ:BBRY) is not limiting its focus on the smartphones anymore. According to a new reports, there are more than 500 billion devices in the world, out of which only 5 billion are smartphones. BlackBerry Ltd (NASDAQ:BBRY) CEO has shown his interest in the wearables and Internet of Things. It is quite possible that the company gets something game changing in this field and beat its competitors. The source said that Internet of Things industry will worth $19 trillion by 2020 and BlackBerry Ltd (NASDAQ:BBRY) has enormous opportunities in this sector.

  Spencer M. Waxman’s Shannon River Fund Management owns 4 million shares of BlackBerry Ltd (NASDAQ:BBRY).

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