Archive : Business

Taiwanese phone maker HTC has announced a revenue and profit warnings for Q3 2013 which says that HTC may make its first ever loss in 16 years – first time since it’s inception. The  company’s profits have been heading south for few quarters now mainly due to fierce competition from dominant smartphone makers Apple and Samsung coupled by saturation of Smartphone demand. Delay in launch [...]

Facebook’s announced it’s Q2 2013 earnings today, the results are much better than expected thanks to a massive increase in mobile advertising, it reported its best fiscal quarter to date with revenues of US $1.813 billion and a net profit of US $ 333 million against expectations of  $1.62 billion revenue. This meant a  30 percent increase over last quarter, Share markets were evidently [...]

Apple announced its quarterly earnings for Q3 2013 on Wednesday, it recorded revenue of US$35.3 billion and quarterly net profit of $6.9 billion  and an earnings per share of $7.47. Analysts expected the sales to be around $35.02 with a earnings per share $7.32. iPhone sales quashed concerns that a robust competition is hitting demand. Apple  sold 31.2 million iPhones in the quarter, far more [...]

U.S. judge  Paul S. Grewal ruled that Apple cannot add  Samsung’s  Galaxy S4 smartphone to a list of products it claims infringe on its patents on Thursday according to Bloomberg. Adding another product to the case is a “tax on the court’s resources,” Grewal said in the ruling. “Each time these parties appear in the courtroom, they consume considerable amounts of the court’s time [...]

Huawei was reportedly considering acquiring Nokia in it’s bid to help Huawei become a global leader in smartphone manufacturing according  an article  by the Financial Times. The buyout news boosted Nokia shares in U.S. markets which went up 41 cents, or 11%, to reach $4.10, during US mid day trading on Tuesday. Huawei quickly responded saying that it “has no plans to acquire Nokia”. The [...]

Samsung’s market value eroded on Friday  by US $12 Billion which is 6 percent of its value due to  brokerage downgrades that have highlighted concerns about slowing sales of its flagship Galaxy S4 smartphone according to a report by Reuters. “The share slide of more than 6 percent comes after it recently introduced two stripped-down versions of the S4, fanning worries that profit margins [...]

Facebook no longer seem to be in the race to buy the Silicon Valley  startup, Facebook COO Sheryl Sandberg told  Allthings’sD Walt Mossberg at All Things D’s D11 on Wednesday that Facebook isn’t getting into proprietary Facebook mapping software. Google also reportedly was in the hunt and had offered $1 billion to win over the owners of Waze. The report further added that “the [...]

South Korean giant Samsung has bought a 10 percent stake in rival and South Korea’s third largest mobile phone company Pantech according to reports by TheNextWeb . The purchase was done for a reported sum of 53 billion won or $48 million, Pantech is also Samsung’s component customer, this deal will solidify  the relationship between the South Korean companies and help joint research and development. Samsung’s [...]

Apple had requested California courts dealing with the patent cases permission to add Samsung Galaxy S4 as an infringing device in its ongoing patent battle with Samsung. Apple has officially filed a motion detailing five patents infringed by Samsung in it’s latest flagship Galaxy S4 and another two Siri related patents infringed by the device’s Google Now voice controlled search feature according [...]

The worst kept tech secret of last week is true – Microblogging website Tumblr is being acquired by Yahoo. Marissa Mayer announced the deal today morning along with a “promise not to screw it up.” Yohoo! is coughing $1.1 billion for Tumblr, “substantially all of which is payable in cash,” Yahoo said. Yahoo is not absorbing its acquisition, Tumblr is going to run separately [...]