Should Apple buy BlackBerry?

It's not as crazy as it might look at first glance...

The new Blackberry Z10 is on display in a Toronto, Canada store on April 12.
(Image credit: MARK BLINCH/Reuters/Corbis)

The more I look at the evolution of the smartphone space and what will surely be a highly disruptive (and AWESOME) wearable entry in Google Glass, the more I think a simply brilliant move by Apple would be to buy BlackBerry.

This would create a nearly unassailable device entry in the enterprise segment: Apple's ease of use with BlackBerry's security.

Now as readers know, the minute I saw Google Glass I said I loved it and that it would be huge, while most others asserted skepticism, if not outright negativity. In fact, right now I'm nearly convinced this will be the next huge consumer tech product and category and I didn't really need much more convincing in the last 4-6 months as my opinion was rock solid from the get go.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.


Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

But here's a rub. How does Google Glass and all the data that is going to flow through the product stay secure? Sure, there are plenty of ways, but the enterprise customer is never the early adopter. In fact, many times they are the last buyer of a huge consumer wave. After all, it took nearly two years before most companies completely gave up and joined the Bring Your Own Device (BYOD) craze which Apple iPhones and iPads ushered in. And really, the iPad was the key device in turning the tide.

Thus, if Apple were to combine iPhone/iPad products with the vaunted RIMM, oh I mean BBRY security, they would secure an already steady revenue stream and possibly even grow it. This would then buy them time to bring forth their next slate of i-Somethings for consumer and enterprise use. Then, whatever huge amounts of future data/bandwidth are generated would already be riding on the highly-secure network and deemed safe for enterprise users.

Now do I think this is probable? Not at all. But I do think it's possible, and as stated above, I think this would be a master stroke for Apple.

DOJ concerns? None, as Apple doesn't even have 50 percent of U.S. market share anymore.

Canadian government concerns? I don't think so, as Apple is a U.S. company, and it already has customer service call centers in Canada. Also, Apple could easily agree to keep the BlackBerry workers, R&D, and facilities in Canada.

Too high a deal price? Here again, I think AAPL would have a huge advantage. First, they could offer a lower price than most others and grant BlackBerry employees AAPL stock options at a much cheaper price as the stock has come down so much. Also, Apple can easily afford to pay a deal price that most other companies would balk at. In fact, AAPL could pay a 70-80 percent premium, or a $13.5-14.0 MCap, and hardly dent its own balance sheet!

Bottom line, the more I look the more I think this deal would be insanely great!

More from Minyanville:

* Forget Apple TV or iWatch: Apple's next trump card is mobile payments

* Adobe reaches for the stars by putting its head in the cloud

* Apple: is the rebound real?

Continue reading for free

We hope you're enjoying The Week's refreshingly open-minded journalism.

Subscribed to The Week? Register your account with the same email as your subscription.