BlackBerry will split its business into two separate entities

In a recent announcement, netizens learned that the BlackBerry cybersecurity and IoT businesses are splitting up. This announcement came from the company itself and this will be a major move in its business practices. The company aims to make these two parts of its business currently operating as one separate entity, independent of one another.

With this split, BlackBerry aims to achieve two goals, which are to make a profit off of the two businesses. The company says that this split will bring a focus on the IoT business, which will be a product of this split. Next year, netizens will get to see the launch of this new business or firm that will focus on the IoT industry.

Also, this split might attract more investors, hence driving shareholder value in the company. This split will give BlackBerry the room to grow each business individually and not as a single entity. By doing this, there might be better growth for both companies (cybersecurity and IoT) in their sectors.

What to expect from the split in BlackBerry’s cybersecurity & IoT businesses

This isn’t the first time that BlackBerry is expecting some changes to its business. Some years ago, it was one of the top competing mobile brands in the world. With the emergence of the iPhone as well as more Android devices, the company went into the shadows.

Despite this sad turn of events to their mobile business, BlackBerry still put up a fighting spirit. For a few years, it kept on fighting for a way back into the smartphone industry, to no avail. In recent years, it has turned a major part of its attention to its cybersecurity and IoT business, strengthening it and getting better at what they do best.

Now, the company is looking to split its current business into two parts next year. One part will focus on cybersecurity and the other part will focus on IoT and its application in various industries. While this split is likely for the best of BlackBerry’s business, there is no information on how it will affect current customers.

Also, there is no information on the timeframe for the split to take place. The company just lets customers and the public know that the split will take place next year. It is obvious that BlackBerry sees a window for growth from this split and operates both businesses separately from each other. The company describes this move as their “optimal strategic direction” for their business.