BlackBerry CEO seeing no sign of recession in automotive software industry
BNN Bloomberg
BlackBerry Executive Chairman and Chief Executive Officer John Chen said he’s not seeing a recession — at least not in the software company’s burgeoning Internet of Things (IoT) business.
“So [for] the business I am in, I have to qualify that, in the IoT space, particularly in the auto and the internet-connected world and cybersecurity, the answer is...I am not seeing a hard landing,” Chen said in an interview, when asked about the possibility of a recession.
He said that’s because the automotive customers that have integrated BlackBerry’s technology continue to be focused on the future; and while some may have pared their spending, Chen said he hasn’t heard any of them say, “We're in survival mode.”
“In fact, quite the opposite. In the auto space for example, they’re all talking about the future, they’re all talking about the new design that's going to come in three years and so forth. So I don't see a hard landing,” Chen said.
