BlackBerry - Statistics & Facts

BlackBerry is a Canadian-based enterprise software and services company, previously famous for being a smartphone manufacturer under the name Research in Motion (RIM). After falling from a high point of 20 percent market share in the smartphone market around 2009, BlackBerry found itself at a crossroad and restructured itself as a cybersecurity company specialized in securing endpoints and user data flow.

A diminishing presence in the mobile phone market

In the early 2010’s, BlackBerry’s sales had fallen dramatically, as it had become more and more clear that competitors like Apple and Samsung were increasingly dominating the cell phone market. In 2014, BlackBerry had a net loss of over 5.8 billion U.S. dollars. The company had considered several drastic changes including a sale or joint venture. In 2013 John Chen became the new CEO, with the hope that he would bring BlackBerry into a new, more profitable, chapter. BlackBerry stopped producing cell phones in 2016, leasing its name to partners TCL and Optiemus Infracom and subsequently began its transition to cyber security consulting.

Uncertain financial figures

The company’s shift from smartphone manufacturer to a software and service provider was also reflected in their financial data. BlackBerry experienced significant decline in revenue, from one billion U.S. dollars in 2020 to approximately 718 million U.S. dollars in 2022 – the lowest revenue figure since 2004. Until 2015, the company’s business segment that generated the highest amount of revenue was Devices. Other business segments included Handheld devices, BlackBerry Cylance, Services, Hardware, Software and BlackBerry Technology Solutions. Following 2015, the most important business segment became Software and Services, and starting 2020, the Cybersecurity segment generated 66 percent of BlackBerry’s revenue. Additionally, in 2022, BlackBerry recorded operating losses worth only two million U.S. dollars, down from loses of 1.1 billion U.S. dollars in 2021.

Cybersecurity and the EoT

BlackBerry Ltd. transitioned its business focus towards AI-driven endpoint protection and threat detection. As there is currently no clear security software powerhouse at play at the market today, BlackBerry is trying to position itself as the leading trusted AI-security company. A big portion of this endeavor is its recent purchase of Cylance, a privately held AI and cybersecurity company skilled in algorithmic sciences and machine learning. Cylance ended fiscal year 2018 with a 90 percent increase in revenue, totaling in 130 million U.S. dollars. Furthermore, BlackBerry Ltd. extended its portfolio into the Enterprise of Things (EoT) - meaning IoT for enterprises, providing solutions in industries such as automotive, healthcare, government, and logistics. Finally, in 2022, BlackBerry began its collaboration with Amazon Web Services. The latter will ensure that BlackBerry’s QNX technology – a commercial Unix-like real-time operating system aimed at the embedded systems market – is made available for the first time in the cloud.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Jul 7, 2023

Key insights

BlackBerry's revenue in FY2022
718m USD
BlackBerry's expenditure on R&D in FY2022
219m USD
Top earning business segment 2022
Cybersecurity
Get more insights

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