Skip to main content

Blackberry the story for me

Who is the customer: What killed the Blackberry was that it was too good for its clients.  Its clients misused the device and Blackberry failed to adapt to a changing paradigm.  First, let's be clear the users were not the clients, the corporations were the clients and they deployed the devices throughout their workforce.  Once Blackberry dominated the corporate world it failed to understand that new customers (i.e. not corporations) would have different needs. 

The forward-thinking of Blackberry: In 1995 on my way to Singapore I spent a few months in New York City working for CIBC, getting to know the team, we all had pagers then.  A few months later returning to the city I see everyone playing with their two-way pagers (made by Blackberry), it was a game changer and a great time waster!  But in Asia mobile phones were already ubiquitous and I never looked back.  They used superior technology than what was in the US because of the US mobile phone cartel and they worked everywhere.  They were so good that one day, I got a call from my boss, he was in Shanghai and I was in a London taxi on my way to the city... we cover the issues we both needed in the space of a 10-minute call.  These were the days of the fax machine, pre-email.  

Who is the client: On my return to Montreal, in 2002 I was handed my first Blackberry (black and white screen, etc), no phone.  A few months later, my first Blackberry with a phone function was delivered to my desk.  To give you a sense, from 1995 to 1999 I worked exclusively with a phone and fax, and it worked fine!  Emails were introduced and the fax went from a few hundred pages a week to nothing in the space of 3 months.  It was that quick.  

Blackberry client is my employer, not me: So during the financial crisis of 2008, across the corporate finance world, HR developed a new trick to fire bank employees at a low cost, look at the employees' Blackberry datastream on their corporate-issued Blackberry and "fire them for cause" if they found anything...and the list of prohibited things was very long.  It was a neat HR trick that worked for a few months.  That is until the bankers got wind of this firing trick, and simply acquired a second, private, phone.

Blackberry's lack of vision: So like everyone else in my office, in late 2009 I acquired an iPhone to supplement my corporate-issued Blackberry.  I got the phone for privacy, see above, and also because of Blackberry's terrible web surfing application.   Within a few weeks of getting my iPhone, Bell Canada, my personal phone provider, introduced attractively priced data plans.  Although I could not install my office email onto my iPhone I could for up to 30 days forward my emails to my personal phone (it only worked for a few months...after that they changed the system so that you could only forward to internal addresses).

Know your clients: Within six months of owning my iPhone, my Blackberry would sit in my home office in the evening and on weekends.  I was still reachable by those who counted (my boss had my phone number).  Virtually everyone on my trading floor had a second private phone.  We all figured out (after reading an enlighting article in the Wall Street Journal), that your Blackberry could be used against you since they sold servers to banks, which gave banks total access to your phone use and data.  When I left my bank in 2011, my Blackberry was hardly ever used, I almost never carried it with me.  I know that the day I left, my Blackberry was in my desk and was out of juice.  I had not noticed... and the device's battery was good for a month.  

What killed the Blackberry was the applications:  No one saw that one coming, not even Apple, who was surprised by the explosion in the number of applications.  It should be noted that most bankers used the Blackberry phone till the very end because it was very secure, and when communication security is important that's a good thing.  Eventually, blackberry introduced applications but with so many different models it was simply of no interest to app developers.  Moreover, the vast majority of corporate Blackberrys were locked.  Applications were the Blackberry killer, and there was no out for them.  The myriad of models made platform development almost impossible when Android and Apple had one platform each.  The founders were also bloodyminded and would not change and they got distracted towards other endeavors.

Comments

Popular posts from this blog

what people get wrong about tariffs

 The issue is simple. What percentage of the economy is dependent on tariff goods? The truth, is that the US economy is far more closed than people understand. People genuinely believe that all manufacturing has ceased to exist in the United States all given to China on the altar of woke policy the truth can be further from That statement. Only about 15% of US GDP is related to foreign trade. Of that amount, slightly more than half is from Canada in Mexico. And half of that is energy. What that means, is that about 7% of US GDP is tariff dependent. The proof in the pudding, is how little money tariff generates. People think that 30 or 50 billion is a lot it’s not in an economy that has $3 trillion. The impact on the US economy will be less visible but not absent. Inflation hasn’t occurred yet first because tests have hardly started to bite, but more importantly it’s such a small percent of the economy. Now certain things are critical. The rare earth metals from China were critical....

The end of Tesla?

 it takes a special kind of idiot, to think that he can antagonize his entire customer base, and think that it will not impact his business. When Elon Musk went to work for Donald Trump, and created the doge department, he antagonized every liberal, and these people represent 90% of his client base.That’s not a brilliant move. Now Elon Musk is worth hundreds of billions of dollar, so he shouldn’t care a great deal, however, he needs to care because of several other issues. The cyber truck has been a disaster, most have had to be recalled because of defective glue, it’s not a truck, it’s not a car, it’s noisy, relatively uncomfortable, but great as a development platform. What Tesla has learned in making car manufacturing more seamless is truly amazing. The problem was that Elon Musk was so pissed with the Democrats, and with Joe Biden, in particular because of some slight, which were just plain stupid too. By the way, that he decided to support with hundreds of millions of dollar, ...

Demographics

 I am preparing a kind of family tree for our children so that they know where they came from.  In my family I am the only survivor, although my brother and sister died recently they were both in their seventies (a story I told already).    It was a fun process, but it provided more than that.  First, I married relatively young I was 26 when I married and nearly 30 when our first child was born.   I was looking at my ancestors.  On my mother's side, she had 6 siblings, Four died before the age of 30, two in war, and two from illnesses.  Only she and a single sister survived.   The two boys had a child each but they died in WWII, and the other sister died as an infant.   what is interesting is that every one of my mother's siblings had children in their early 20s.   I know that my mom was hardly 20 when my brother was born.    What is remarkable is that among our friends, we are the only ones to have fou...