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.
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.
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.
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.
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.
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.
It was also reportedly used by financial investigators to track Bernie Madoff's Ponzi scheme.Palantir just disclosed in an SEC form that it has raised a huge round of investment. It issued $500 million worth of stock and has sold $450 million so far.
In case you don't know, Xiaomi doesn't just make smartphones. The company also manufactures other devices like TVs and only recently, a water purifier. We're not much interested in the latter because the brand's latest 4K TV has captured our attention. Officially called as the Xiaomi Mi TV 2S, this new device boasts of a 48-inch 4K display screen in a 9.9mm thick aluminium frame.
Before building his $2.8 billion startup Slack, which many consider the fastest-growing business app ever, Stewart Butterfield ran another hot startup called Flickr, which was sold to Yahoo for over $20 million. He also has a master’s in philosophy, with a focus on biology, cognitive science, and philosophy of mind. But his path to success wasn't so straightforward.