$BlackBerry(BB)$has always been about cybersecurity at it's core. However, the company said it expects revenue from the cyber sector to be flat in 2022.
It's IoT products is related to EVs as it has the potential to provide EV manufacturers with a universal solution that allows them to collect data frommultiple sensors in a safe, consistent way to enhance their consumers driving experience.
The company does have partnerships with Microsoft and Amazon in the area of autonomous vehicles.
Meaningful revenue is, however, years away as it is impacted by many factors out of its control that includes semiconductor chips, supply chain difficulties and automotive production schedules.
At this point, BB is projecting full-year revenue to be lower than in 2021.
As always, please DYODD.
Comments
their move to cyber security isn’t a great move either, who would think of BB when discussing cybersecurity?