BlackBerry Ltd , has been having a decent run in its share price this week as the stock recorded three straight gain from Monday through Wed. The gains recorded in the share price of the stock can be traced to the positive previews that its first Android-powered phone is getting in the tech space. The news about a secure mobile offering from the firm might also drive the share price higher as BlackBerry prepares a rebound and comeback in the last quarter of the year.
On Monday the shares of the stock jumped by 4.2%, the stock solidified the ascent with a 2.7% gain on Tuesday. On Wednesday, the stock proved that its previous gains wasn’t a fluke as it recorded a massive 5.53% gain to close at $7.16. From all indications, the shares of BlackBerry are on track to close with gains this week.
Priv Pushes BlackBerry to the North
When BlackBerry unveiled the Priv smartphone late last month, the tech space took every chance to deride the firm for “betraying” its loyal fans by dropping the BB10 OS to jump in bed with Google’s Android OS. The fact that CEO John Chen gave a dismal show-off of the Priv smartphone live did little to set the device out on the right foot. However, it seems that BlackBerry was more interested in making investors happy than in keeping those watching confident in the Priv.
About two week later, Priv is already driving decent share price gains for the firm. Some of the reviews and specs comparisons show that the Priv smartphone might not turn heads but that it will hold its own in the smart phone world. Stacking Priv up against the Huawei Nexus 6P from Google shows that the Nexus 6P doesn’t have much of a lead over BlackBerry Priv. In fact, it was noted that “keyboard on the Priv gives it a little bit of an advantage in the tactile department”.
Tech Times also compared Samsung Galaxy S6, LG G4, Moto X 2014 and the rumored specs of BlackBerry Priv – it concludes that “specs of the upcoming BlackBerry Priv seem impressive enough to appeal to many customers”.
Mobile Security Push the stock higher
In another development, BlackBerry’s software segment, Secusmart has announced a deal with Tata Power to jointly develop a secure mobile communications system. The deal will have both firms creating a secure mobile device that withstands the rising incidents of cyber threats and corporate spying.
BlackBerry bought Secusmart in July as part of plans to boost its offerings by providing a secure anti-spying platform for phones. The purchase of Secusmart is already yielding results – if the firm can deliver a consumer-grade anti-spy phone, it might well be on track to revive its hardware business.