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.
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.
NPD Group's numbers are in from last month, and it shows overall strong sales in the gaming industry, with February having an 8-percent year-on-year increase. Sales for both hardware and games hit $955.6 million, with $378.2 million of that coming solely from hardware sales (a year-on-year 10-percent increase).
Microsoft 's third-quarter 2015 financial report is in, and overall it shows good things for the company. Not all was stars and sunshine, however, and it suffered in the same area many of it competitors have been feeling the squeeze: PCs.
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.
Hewlett-Packard says it is suing the founder of Autonomy, a data intelligence company that HP bought four years ago in what is now seen as a disastrous acquisition. In return, the founder says he will also sue.HP, based in Palo Alto, Calif., said it was seeking approximately $5.1 billion from Michael Lynch and Sushovan Hussain, who was the chief financial officer of Autonomy.
The global smartphone business is booming, growing almost 20% year-on-year, according to new data from Gartner — but Samsung's sales are flagging hard. The South Korean smartphone company remains the single largest smartphone vendor in the world, selling a little over 81 million units in Q1 of 2015.
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.
Ever since Jim Balsillie and Mike Lazaridis stepped down as co-chairmen and co-chief executives of BlackBerry, neither has spoken much in public about the once-dominant smartphone maker’s fall into near market obscurity.
Huawei's Honor line of mid-level smartphones isn't something you can pit against heavyweights like LG or Samsung or even Sony, but if you're looking for a decent, affordable device, then it might be one of those that you'll consider.
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.
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.
Late on Friday, Twitter announced that it would no longer license the full stream of half a billion daily messages on its service to third-party resellers. Anyone who wants access to the stream, known as the fire hose, will soon have to license the data from Twitter directly.
Dave McClure, one of Silicon Valley's top small or "angel" investors, just chimed in via Twitter on the debate whether we're in a tech bubble . His verdict? "It might not be a bubble, but sure as hell the rent is too high." He's complaining that founders at very young startups, like the ones his company 500 Startups invests in, expect ridiculous valuations.
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.