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It might be difficult for some to believe, but BlackBerry's stock is out of the doldrums and is up more than 50 percent this year as investors have started to believe in CEO John Chen's turnaround strategy.
BlackBerry CEO John Chen said that Google's recently unveiled efforts to make its Android mobile platform more secure are essentially weak attempts to duplicate BlackBerry's existing security features for the enterprise market.
BlackBerry posted quarterly financial results better than what some analysts had expected, pushing the company's stock up almost 14 percent in Wall Street trading this morning to around $9.43 per share. Further, the company said it recognized hardware revenue on 1.6 million BlackBerry smartphones in the quarter, up from 1.3 million in the previous quarter.
BlackBerry announced a deal to gain access to the 240,000 apps and games in Amazon's Appstore, greatly expanding the number of apps BlackBerry 10 customers can use. The agreement was announced hours ahead of what is expected to be a major foray by Amazon into the mobile market with the introduction of its first smartphone.
Samsung Electronics is perhaps best known in the U.S. market as a purveyor of smartphones and tablets, but the company is looking to bolster its network infrastructure and services position by hiring veterans from wireless and media companies.
BlackBerry CEO John Chen gave the company an 80 percent chance of turning its business around--higher than the 50-50 odds he offered in March--and said the company will do so by focusing more squarely on its core enterprise customers.
BlackBerry is launching a series of projects under the heading of "Project Ion" and aims to use its expertise in data security to get enterprises to uses its platform to connect devices as part of the Internet of Things.
BlackBerry will not be a "niche" enterprise player in the market going into the future, according to CEO John Chen.
Google's Motorola Mobility and BlackBerry are both banking on the shift to lower-cost smartphones for growth, evidenced by the new phones they just unveiled aimed at the cost-conscious segment of the market.