Smartphones sales are exploding. In the last decade, these souped-up handsets have revolutionized how we communicate.
But BlackBerry Ltd. (TSX:BB)(NASDAQ:BBRY), which started this sea change years ago, has been kicked to the curb. Consumers have dropped their once beloved ‘Crackberry’ handsets in favour of Apple iOS and Google Android devices. As a result, BlackBerry shares have plunged 87% over the past five years.
Behind the scenes, new CEO John Chen is engineering something of a turnaround. The company is once again on solid financial footing and there are several catalysts that could send shares higher.
Here are three reasons why investors should be bullish on BlackBerry. (more)
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