BlackBerry's Software Business: Scenarios That Could Impact The Stock Price

BlackBerry is looking to more than double software sales from under $250 million in FY2015 to around $600 million in FY2016. However, there has been considerable skepticism in the markets as to whether a business that has historically accounted for under 5% of total revenues will be able to turn the company around. In this note, we take a look the assumptions driving our valuation of the software unit and two possible software-related scenarios which could have a dramatic impact on BlackBerry's ...