Apple Inc. (NASDAQ:AAPL) and the Galaxy by
Samsung Electronics Co.
But, BlackBerry wasn t just about its mobile phone handset. BlackBerry’s focus has always been security software, with the mobile phone industry just one outlet for that business. In the past decade, BlackBerry went back to the drawing board and refocused its strategy back on what it has always been best at: software. Some might say BlackBerry was never a mobile phone company to begin with.
Why It Matters: BlackBerry has always been about security. Over the past 10 years, while BlackBerry seemed to fade into the shadows, advancements in vehicle architecture and robotics were expanding. The company was developing software products and systems that would eventually help it to capture partnerships with some of the world’s leading companies.
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Last year belonged to the technology sector. The pandemic-infused lockdown had hastened the digitization process, thus driving the demand for products and services provided by the tech companies. However, the performance of
BlackBerry (TSX:BB)(NYSE:BB) was subdued compared to its peers, as the weakness in the automotive sector weighed on its financials and stock price. It returned only 1% last year, while some of the tech companies doubled their stock prices.
BlackBerry’s recent performance and its growth prospects
In its third quarter, which ended on November 30, BlackBerry reported an adjusted EPS of $0.02 per share, outperforming analysts’ expectation of a loss of $0.01 per share. However, its revenue of US$218 million fell short of analysts’ expectations of $219.7 million. The weak performance from its QNX segment, which offers a portfolio of automotive software solutions, negatively impacted its top line.
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Investors’ confidence in the stock market is back as 2020 comes to a close. The Toronto Stock Exchange (TSX) has erased the losses from the COVID-19 market crash. On December 24, 2020, the index closed at 17,623.88, or a year-to-date gain of 3.28%. Six of the 11 primary sectors are in positive territory.
The technology sector (+59.34%) is the top performer, while the energy sector (-37.33%) rounds up the rear. Despite the market’s rebound, some stocks are absurdly cheap right now. You can get them at bargain deals and add them to your 2021 investment portfolio.
Sweet dividends
Rogers Sugar(TSX:RSI) reported record-breaking sales in Q4 2020 after three consecutive quarters of a slump. The $601.55 million refiner of sugar and maple products recorded an adjusted EBITDA of $31.2 million versus the comparable quarter in 2020. For fiscal 2020, the figure is $92.3 million, or 5% better than fiscal 2019.