Click's launch of a new Communicator phone featuring a keyboard and signal lights marks BlackBerry's return to the mobile device market, emphasizing its focus on communication features.
U.S. stock futures remain stable after a record high on the Nasdaq, with FedEx shares falling due to lack of full-year guidance, Micron Technology set to report strong results, Tesla's EU sales declining for the fifth month, and BlackBerry shares soaring on better-than-expected earnings and revenue outlook.
Stock futures are mostly up as investors monitor geopolitical developments and Federal Reserve testimony. Key movers include FedEx, which reported strong earnings but lowered its outlook; BlackBerry, which raised its sales guidance; QuantumScape, which achieved a major milestone in battery tech; Worthington, which beat earnings estimates; and Coinbase, which benefited from regulatory news. Nvidia remains near its record high, while Micron preps for earnings amid growing AI demand for memory solutions.
Unihertz has announced the Titan 2, a modernized BlackBerry-inspired smartphone featuring 5G, Android 15, a physical keyboard, a second rear screen, and upgraded hardware, available via Kickstarter with early preorders at $269 and expected retail around $399, shipping by October 2025.
Clicks is a new case that turns iPhones into BlackBerry-like devices, featuring a physical keyboard and no need for Bluetooth or a battery. Priced at $139, it's currently sold out and connects to the phone via USB-C or Lightning. The case allows users to switch between the compact keypad on the case and the iPhone's touch-screen keyboard. Developed by tech bloggers CrackBerry Kevin and The Mr. Mobile, the case is available for iPhone 14 Pro and will soon be released for iPhone 15 Pro and 15 Pro Max, offering a nostalgic solution for those missing the tactile buttons of the BlackBerry.
Clicks has introduced a new $139 keyboard case for iPhones that mimics the BlackBerry's physical keyboard, offering users a tactile typing experience and additional screen space. The case connects through the iPhone's USB-C or Lightning port and allows for charging without removal. Available in two colors, it features keyboard shortcuts and will be accompanied by a dedicated app. The product is a collaboration between YouTuber Michael Fisher and tech blogger Kevin Michaluk, and it's set to debut at CES with preorders already open and shipments starting by February 1.
Paramount Global, Spotify, BlackBerry, CarMax, and other stocks are experiencing significant movements in the midday trading session. The specific details of these movements are not provided in the given information.
BlackBerry, the Canadian technology company, has reported a surprise quarterly profit driven by strong demand for its cybersecurity services amid increasing online threats. While overall IT spending has decreased, cybersecurity-related expenditure has remained stable as businesses and governments prioritize strengthening their systems against hackers. BlackBerry plans to separate its IoT and Cybersecurity businesses into fully standalone divisions and simplify its corporate structure to allow each business unit to operate independently and profitably. The company expects fourth-quarter revenue in the range of $150 million to $159 million.
BlackBerry, the Canadian technology company, has reported a surprise quarterly profit driven by strong demand for its cybersecurity services amid increasing online threats. While overall IT spending has decreased, cybersecurity-related expenditure has remained stable as businesses and governments prioritize strengthening their systems against hackers. BlackBerry plans to separate its IoT and Cybersecurity businesses into fully standalone divisions and simplify its corporate structure to operate independently and profitably. The company expects fourth-quarter revenue in the range of $150 million to $159 million.
BlackBerry has named John Giamatteo, the head of its cybersecurity unit, as its new CEO and abandoned its plan to spin off its Internet of Things (IoT) business through an IPO. The decision to keep the IoT and cybersecurity divisions together comes after a reassessment of the initial plan. The company will also streamline its corporate functions to allow each business unit to operate independently and profitably. Giamatteo's appointment is effective immediately, succeeding John Chen, who retired in November.
BlackBerry has reversed its decision to spin off its internet-of-things business and will instead reorganize to keep it in-house alongside its cybersecurity unit. The company aims for each division to operate independently and be profitable and cashflow-positive going forward. Additionally, BlackBerry has named a new CEO.
BlackBerry has appointed John J. Giamatteo as its new CEO and announced the full separation of its IoT and Cybersecurity business units, which will operate as standalone divisions. The company will no longer pursue an IPO for its IoT business. The restructuring process will involve streamlining centralized functions and right-sizing cost structures. The move is aimed at enhancing shareholder value and providing greater options for the company's future.
BlackBerry CEO John Chen will be leaving the software company this week after a decade-long tenure that failed to turn the company's fortunes around. Richard Lynch will serve as chair and interim CEO while the company searches for a permanent replacement. Chen's departure comes as BlackBerry plans to split its Internet of Things business through an initial public offering, separating it from its cybersecurity software division. The new CEO will face the challenge of reviving the struggling cybersecurity business. BlackBerry's shift from smartphone hardware to software segments began in 2016, and the company exited the smartphone market altogether in 2020.
Jim Cramer, host of CNBC's "Mad Money," shared his thoughts on various stocks during his lightning round segment. He praised Vertex as an "excellent" company, while expressing skepticism towards BlackBerry and Under Armour. Cramer recommended holding off on buying more Shopify shares and suggested considering Kyndryl as a potential winner in the market.