{"id":38467,"date":"2023-05-24T07:04:36","date_gmt":"2023-05-24T11:04:36","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=38467"},"modified":"2023-05-26T09:25:39","modified_gmt":"2023-05-26T13:25:39","slug":"blackberry-records-60-stock-surge-in-2023-amid-restructuring","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/blackberry-records-60-stock-surge-in-2023-amid-restructuring\/","title":{"rendered":"BlackBerry records 60% stock surge in 2023 amid restructuring"},"content":{"rendered":"

BlackBerry’s stock has increased by 60% this year, with a further 30% gain expected in May 2023.<\/p>\n

It intends to revamp its business portfolio, with cybersecurity and the Internet of Things (IoT) taking precedence. With Cybersecurity now accounting for around 60% of its income, while IoT accounts for approximately 35%, with the rest revenue coming through licensing.<\/p>\n

BlackBerry’s cybersecurity income has been declining, falling from $2.16 billion in 2016 to $656 million in 2023. The corporation now anticipates a 5% growth the following year. The Internet of Things (IoT) market, on the other hand, has been a net positive for the company, with a 16% increase in revenues in the most recent quarter. Profit margins in the IoT industry exceed 80%.<\/p>\n

BlackBerry’s management is confident about the IoT segment’s future growth. During the Q4 2023 earnings call, the business forecast a 20% revenue rise for fiscal year 2024, owing principally to the resolution of problems in the global automotive sector.<\/p>\n

The sources for this piece include an article in Yahoo<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

BlackBerry’s stock has increased by 60% this year, with a further 30% gain expected in May 2023. It intends to revamp its business portfolio, with cybersecurity and the Internet of Things (IoT) taking precedence. With Cybersecurity now accounting for around 60% of its income, while IoT accounts for approximately 35%, with the rest revenue coming […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[76],"class_list":["post-38467","post","type-post","status-publish","format-standard","hentry","category-companies","tag-blackberry"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/38467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=38467"}],"version-history":[{"count":2,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/38467\/revisions"}],"predecessor-version":[{"id":38469,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/38467\/revisions\/38469"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=38467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=38467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=38467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}