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BlackBerry net income/loss 2009-2019
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BlackBerry net income/loss 2009-2019
BlackBerry net income/loss from 2009 to 2019 (in million U.S. dollars)*
by Arne Holst,
last edited
Aug 9, 2019
In the 2019 financial year, BlackBerry had a net income of 93 million U.S. dollars, marking only the second time in the past seven years that the company has not recorded a net loss. Over the past five years, the company has worked on consistently lowering its net losses from 2014’s record loss of -5.8 billion U.S. dollars by strongly pushing to remake its business model. The company has moved away from being a hardware phone manufacturer to becoming an enterprise software and IoT provider in the midst of the age of digitalization.
Streamlining towards cyber security
Taking a cue from its history of valuing security and privacy, BlackBerry centered security in its business strategy and transitioned from hardware to software. Under the direction of current CEO John Chen, BlackBerry has refocused into a B2B software company embedded in what they term EoT, the market of IoT for enterprises, and providing security solutions. Some of BlackBerry’s new products focus on securitizing voice and document management services, as well as product integration consulting. A significant portion of BlackBerry’s strategic change of the company’s business model was purchasing cybersecurity start-up Cylance in February 2019 for 1.4 billion U.S. dollars, which provides artificial intelligence based security solutions to more than 3,500 businesses.
BlackBerry net income/loss from 2009 to 2019 (in million U.S. dollars)*
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by Arne Holst,
last edited
Aug 9, 2019
In the 2019 financial year, BlackBerry had a net income of 93 million U.S. dollars, marking only the second time in the past seven years that the company has not recorded a net loss. Over the past five years, the company has worked on consistently lowering its net losses from 2014’s record loss of -5.8 billion U.S. dollars by strongly pushing to remake its business model. The company has moved away from being a hardware phone manufacturer to becoming an enterprise software and IoT provider in the midst of the age of digitalization.
Streamlining towards cyber security
Taking a cue from its history of valuing security and privacy, BlackBerry centered security in its business strategy and transitioned from hardware to software. Under the direction of current CEO John Chen, BlackBerry has refocused into a B2B software company embedded in what they term EoT, the market of IoT for enterprises, and providing security solutions. Some of BlackBerry’s new products focus on securitizing voice and document management services, as well as product integration consulting. A significant portion of BlackBerry’s strategic change of the company’s business model was purchasing cybersecurity start-up Cylance in February 2019 for 1.4 billion U.S. dollars, which provides artificial intelligence based security solutions to more than 3,500 businesses.
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- Release date
- April 2019
- Region
- Canada
- Survey time period
- 2009 to 2019
- Supplementary notes
- * For RIM the financial year ends in early March or late February of the respective year. For example the 2018 financial year ended on February 28th, 2018.
Source
- Show sources information
- As a Premium user you get access to the detailed source references and background information about this statistic.
- Show publisher information
- Release date
- April 2019
More information
- Region
- Canada
- Survey time period
- 2009 to 2019
- Supplementary notes
- * For RIM the financial year ends in early March or late February of the respective year. For example the 2018 financial year ended on February 28th, 2018.
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