BlackBerry Wants to Secure Your Car From Hackers

 

BlackBerry Ltd said on Wednesday it has developed new software for running complex computer systems on vehicles, giving the once dominant smartphone maker a leg up in a burgeoning segment of the technology market.

The company declined to name any automakers who plan to use the technology, but senior BlackBerry executive John Wall said “multiple” car companies have started incorporating it into onboard computer systems of vehicles that are currently in development.

BlackBerry touted the product, the QNX Hypervisor 2.0, as a way to make vehicles more secure from hacking, saying it can isolate multiple systems to run on a single piece of silicon, allowing them to isolate functions critical to safety from systems that are exposed to wireless networks.BlackBerry Smartphones And U.K. Headquarters As 4.7 Billion Buyout Looms

“Think of a house, and a burglar getting into a room. So even if the burglar does get into that room, the door is locked, he can’t get out of that room. And even if he can get into the hallway, the other rooms are locked,” Wall, the head of BlackBerry’s QNX division said in a teleconference with reporters.

QNX has a strong position in the market for internet-connected car infotainment systems, and is looking to boost sales by expanding into more of the vehicle.

The automotive industry is one of the fastest-growing segments of the technology market, as automakers race to add more autonomous features and ultimately seek to build self-driving cars.

Qualcomm Inc said the new hypervisor is compatible with its Snapdragon 820Am automotive processor, enabling carmakers to reduce hardware complexity and costs by putting multiple systems on a single platform.

BlackBerry shares were little changed in morning trade. They have soared about 63 percent since late March on hopes for high sales growth from QNX and other relatively new products.

Vinyl Records Are Popular Again, So Sony Wants Back In After 30 Years

 

The next major profit driver in the music industry may have nothing to do with streaming, connectivity or the cloud.

Last week, one of the biggest names in the music business, Sony Corp (ADR) SNE 0.67%, announced it will once again be producing vinyl records for the first time in 28 years.

It’s easy to read headlines about a retro push like vinyl records and write it off as a promotion or one-time event to appeal to an older generation of nostalgic music lovers. However, the vinyl record movement appears to be something much larger.

Billion-Dollar Industry

“People think millennials just stream and are just digital, but actually I think we are going to see increasingly over this coming year that young people still want something tangible and real and that’s where vinyl is taking on the role that the CD used to have,” says Vanessa Higgins, CEO of Regen Street and Gold Bar Records.Vinyl Records Are Popular Again, So Sony Wants Back In After 30 Years

Consulting firm Deloitte estimates that vinyl record and accessory sales will be a $1 billion industry in 2017 and that 20 million people will buy at least one vinyl record this year. In fact, in Japan, demand for vinyl records is too strong for vinyl record producer Toyokasei to keep up.

Last year, global vinyl sales surged 53 percent to their highest level in 25 years. A 500 percent rise in streaming music revenue since 2013 has cannibalized many other forms of revenue in the ever-changing music industry. CD sales were down another 10 percent in 2016. The chart below shows how music consumption has shifted from vinyl records to cassette tapes to CDs to digital downloads and now to streaming.

Related Link: Bob Seger Finally Joined The Streaming World: Here Are 8 Music Icons Still Holding Out

But even though vinyl production is making a comeback, vinyl records still account for just about 6 percent of total album sales. According to Jordan Passman, CEO of SCORE A SCORE, the uptick in the popularity of vinyl records has been fueled directly by the rise in streaming services like Pandora Media Inc P 1.5%, Spotify and Apple Inc. AAPL 1.02%’s Apple Music.

“As streaming continues to grow (and change), there will always be a market for the powerful emotional impact of something tangible, especially with a nostalgic tie,” Passman wrote earlier this year.

Good Rockin’ Tonight

In a much more general sense, the role vinyl records play in the future of the increasingly digital music industry could speak volumes about the degree to which the human race is satisfied with an intangible, virtual world. For technology companies working on virtual reality or other services intended to replace real-life experiences with digital ones, the vinyl record phenomenon could be a wake-up call that it may be more difficult than it seems to replicate the innate appeal of hands-on, real-world products and interactions.