Depending on how you look at it, things could be either good or bad at Canadian tech turnaround story BlackBerry (NYSE:BB). Thus far in 2014, BlackBerry stock has surged by an impressive 32%.
However, zoom out and you'll see that BlackBerry stock is sitting firmly in the red, down 30% over the past 12 months. BlackBerry's chances of survival in present and emerging tech markets against the likes of Apple (NASDAQ:AAPL) and Google certainly seem far-fetched. So why the upswing this year?
How BlackBerry got its groove back
Under new CEO John Chen, BlackBerry has made all the right moves, deleveraging its financial results from its mobile-phone business that's dying in plain sight against Apple's iPhone and Google's Android empire.
However, getting a true sense of just how viable a place BlackBerry can carve out in its new verticals has proved challenging since Chen first announced BlackBerry's reformation last year. For instance, BlackBerry's QNX currently dominates the in-car infotainment space, with software like Apple's CarPlay relying on QNX to a large degree. However, with Apple and Google both looking to make inroads in emerging technology verticals, it's hard to gauge how BlackBerry's turnaround will play out in the years ahead, as tech and telecom specialist Andrew Tonner discusses in the following video.
Andrew Tonner owns shares of Apple. The Motley Fool recommends and owns shares of Apple and Google (A and C shares). Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.