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In 2016, the CEO of BlackBerry John Chen declared that the company had suffered a loss of $372 Million, which was a massive blow indeed. The company was compelled to shelf the hardware business that manufactured the iconic phones. This Canadian company was not the first name to have tumultuous times in business. With the invention of the Internet and technological advances, the companies, especially the tech companies need to ‘adapt’. Else, failure is inevitable. Before BlackBerry the billion-dollar company Apple was on the verge of utter bankruptcy. But, Steve Jobs changed the course of the company within a couple of months. Rest is history.
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