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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC.

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BlackBerry and Amazon team up on vehicle data and software platform

12/01/2020 | 08:38am EST
FILE PHOTO: A Karma Revero hybrid electric sports car with Blackberry technology

(Reuters) - Canadian technology specialist BlackBerry and e-commerce titan Amazon have developed a cloud-based software platform designed to help automakers and suppliers standardize vehicle data and speed deployment of new revenue-generating features and services, the companies said on Tuesday.

BlackBerry and Amazon Web Services (AWS) said the new intelligent vehicle data platform, called IVY, will compress the time to build, deploy and monetize in-vehicle applications and connected services across multiple brands and models, making it easier for automakers to collaborate with a wider pool of developers to accelerate development of apps and services.

Carmakers have been reluctant so far to share with outside technology providers much of the data generated by their vehicles.

IVY is designed to complement and run simultaneously with new digital vehicle architectures developed by Volkswagen, General Motors and others.

The platform is built on BlackBerry's QNX, a vehicle operating system in 175 million vehicles worldwide, according to John Wall, head of BlackBerry Technology Solutions.

"The biggest challenge that most carmakers have in getting applications in the vehicle or monetizing their data is that there is no standardized way to access the data," Wall told Reuters.

One goal of BlackBerry and AWS is to establish IVY as a standard platform across the auto industry, as Apple and Google have done in mobile phones through their iOS and Android platforms.

Without that standardization, Wall said, automakers "can't really establish an ecosystem" or leverage the broader community of app developers.

IVY is expected to be installed on the first production vehicles in model year 2023, said AWS executive Sarah Cooper.

BlackBerry and Amazon declined to say which companies will be the first to use IVY.

(Reporting by Paul Lienert in Detroit; Editing by David Goodman)

By Paul Lienert


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 3.29% 1784.47 Delayed Quote.-1.43%
AMAZON.COM, INC. 0.53% 3120.76 Delayed Quote.-4.69%
APPLE INC. 0.54% 127.83 Delayed Quote.-4.18%
BLACKBERRY LIMITED 18.86% 15.69 Delayed Quote.47.87%
GENERAL MOTORS COMPANY 9.75% 54.84 Delayed Quote.20.00%
VOLKSWAGEN AG 1.06% 152.8 Delayed Quote.-0.80%
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Financials (USD)
Sales 2021 317 B - -
Net income 2021 67 024 M - -
Net cash 2021 96 637 M - -
P/E ratio 2021 31,8x
Yield 2021 0,67%
Capitalization 2 151 B 2 151 B -
EV / Sales 2021 6,48x
EV / Sales 2022 6,04x
Nbr of Employees 147 000
Free-Float 98,9%
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Technical analysis trends APPLE INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 44
Average target price 132,26 $
Last Close Price 127,14 $
Spread / Highest target 25,8%
Spread / Average Target 4,02%
Spread / Lowest Target -37,1%
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Managers and Directors
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Independent Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
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