I bet if you go through your kitchen drawers you’ll find at least one old smart phone sitting in there.
I know I have a few old iPhones and a couple of those ancient BlackBerry phones with the keyboards that were too small for even my children’s fingers. It’s funny to think how expensive those devices are that get a good two years’ use at best.
It may just look like an old piece of junk that you never got rid of, but what if I told you it could be worth $14,000…
If you recognize the name BlackBerry (BBRY), then it’s probably because at one point in time either you were a keen user of the revolutionary smart phone or your kids were.
The phones themselves were completely impractical with their tiny keyboards and faulty scroll wheels, but there was one thing that made them stand out from the other products available: their security.
They were known to be some of the most secure phones on the market before Apple and Google came in and pushed them out of the ring.
But I’m personally bracing for a BlackBerry come back.
I’m not saying that they’re going to produce a new phone that’s going to revolutionize the mobile phone industry, but they are cooking something up that’ll turn the company around.
Since taking over as BlackBerry’s CEO, John Chen has been hard at work focusing on BlackBerry’s strengths, while ridding the company of its major weakness, ironically, creating phones.
Chen was able to showcase his recent efforts as BlackBerry released surprisingly high earnings reports on Tuesday morning which were followed by a 3% rise in early Tuesday trading.
This boost in earnings is indicative of all the hard work Chen and his team have put into focusing on the company’s security features.
Making the switch from hardware to software, the company finally has its foot in the door of an extremely profitable market: autonomous cars.
Pairing its new venture in the autonomous car industry with its familiar voyage in mobile security, BlackBerry is gearing up for a very profitable few years.
This big market move could see BlackBerry reaching long forgotten highs as the autonomous car industry blooms, and BlackBerry is no stranger to sky-high stock prices.
In mid-2008, BlackBerry was sitting pretty at $148 a share. Today it is worth a mere $7 and change, but it could be at the beginning of another long and profitable rise.
If you held 100 shares of BlackBerry when it was at $148 a share and sold it today at $7.64, then you would have lost $14,000.
With this massive shift in direction, I wouldn’t put it past BlackBerry to ride the autonomous car industry all the way to the top, and if you get in at the right time and the right price, you could be looking at a $14,000 profit in the coming years.
