Huawei's annual earnings report is out and it's a mixed bag, since while turnover increased by 11.7 percent to 203.9 RMB ($32.3 billion), profits plummeted 53 percent to 11.6 billion RMB ($1.8 billion). Revenue from overseas sales (138.
Xiaomi is no longer the top samrtphone manufacturer in China. It's Huawei's turn to be King at least in the third quarter of 2015. A recent report by research firm Canalys noted that Huawei's shipments increased while Xiaomi's declined compared to the previous year, same period.
Facebook's growth shows no sign of stopping. Today is announced that it has over one billion users on average using it everyday . In August it announced it had passed a milestone of having one billion users on the site in a single day. By the next month that was the average. That's a year-over-year increase of 17 percent. Monthly active users increased by 14 percent to 1.
There is good news and bad news for Samsung when it comes to their sales figures for the 3rd quarter of 2015. For the first time since 2013, they are celebrating a year-on-year mobile profile growth, with 84 million smartphone units shipped.
We have reached Peak Amazon, or perhaps Prime Amazon, David Streitfeld reports.The e-commerce company beloved by Wall Street for its fast-growing ways did something completely out of character in the second quarter: It made a profit.It was only $92 million, practically a rounding error for Google or Apple.
IBM is advancing rapidly into new fields like data analytics, cloud computing and mobile applications. And while the technology company’s second-quarter results showed encouraging progress in those businesses, it was not enough to translate into growth for the company as a whole, Steve Lohr reports.Virginia M.
This story was originally sent to thousands of professionals just like you in this morning's IoT WEEKENDER newsletter. Don't be left in the dark while your competition gets ahead each morning. Learn more about our 7-day FREE trial now FITBIT’S IPO A BIG SUCCESS: On Wednesday night FitBit announced its official IPO price of $20 per share.
The Journal reports that Jet hasn't closed the round of funding, which could be as much as $550 million when it's finally complete. Fidelity is in talks to contribute a $90 million investment, leading the round.And it sounds like Jet needs the new cash infusion.The startup is bleeding money.
The smartwatch era may still be in its early stages but its obvious that Google is ahead of Apple in the game--that is, if we are to look at the features and not the numbers. Android Wear as a wearable platform is quickly becoming the standard in smartwatches simply because it's Android and there are more compatibles devices that can be supported.
In 2012, the note-taking app Evernote became one of the first “Unicorn” startups, joining the exclusive club for private tech companies worth $1 billion or more.That year, Evernote passed 30 million registered users, brought its total funding to $270 million, and seemed like a sure-fire candidate to hit the public market in the coming years.Fast forward three years, and the tables have turned.
Several events last week pointed out how much business success, economic development and even international competition is starting to depend on once unimaginably fast Internet speeds.On Tuesday, Charter Communications announced that it would spend, in two separate deals, a combined $67.1 billion to buy Bright House Networks and Time Warner Cable.
Although Oracle whiffed on its fourth quarter , missing expectations on both revenue and profits in the quarter that is traditionally its strongest, Oracle's management was upbeat, almost deliriously so. "We are delighted with this quarter," one of Oracle's CEOs, Safra Catz said on a quarterly conference call with analysts.
Motorola Mobility Google once acquired for $12.5B but it was soon sold off to Lenovo back in January 2014. The merger formally happened before the year ended and then we started referring to Motorola as a Lenovo-owned company. The mobile industry seemed to have accepted that fact but (surprise! surprise!),Lenovo Mobile is now believed to be incorporated into Motorola.
Alphabet has been in discussions with potential CEO candidates and is evaluating its options, the person said, but finding a person with the right combination of robotics expertise, business savvy, and bold vision is no easy feat.current and former Googlers, as well as robotics-industry insiders, to provide a window into one of Alphabet's most ambitious and risky bets.
Larry Page and Sergey Brin meet Warren Buffett and Charlie Munger as the Berkshire Hathaway of the Internet emerges for a multi-year stock run, in our view. Today, Google announced plans to create a new public holding company, Alphabet Inc., which will provide reporting for the core Google business as well as its smaller, more speculative segments separately.
BELLEVUE, Wash. — The offices of OfferUp in the suburbs of Seattle are decorated with the kind of offbeat knickknacks that are easy to find on an online classifieds site like Craigslist.There’s a large Yoda statue, a Victorian settee and a table made out of the wood from a bowling alley.
SoftBank, the massive multinational media and telecom conglomerate, announced on Wednesday that it had invested $1 billion in the Korean e-commerce start-up Coupang, in one of the largest private tech investments of 2015.The deal is the latest in a string of big e-commerce investments in Asian markets, including the $1.
Mark Zuckerberg, who has madeglobal Internet access a top priority through Facebook’s Internet.org project, is now using some of his personal wealth to expand high-speed Internet access in the United States.On Monday, a nonprofit group that helps kindergarten through 12th-grade schools tap federal funds to acquire and improve high-speed Internet connections announced that Mr.
Steven A. Ballmer believes in Twitter. And he looks to be putting his money where his mouth is.In a tweet sent on Thursday evening, Mr. Ballmer, the former chief executive of Microsoft, said he had acquired a 4 percent stake in Twitter, becoming one of the single-largest outside shareholders of the company.