Chinese electronics and digital content major Leeco (Formerly LeTV) is now only a year and few months after its mega launch in India in serious financial problems. The brand which propelled ahead launching product after product and spending large sums of money for marketing and rebranding has a serious cash crunch.
Co-founder Jia Yueting told employees through a letter
We blindly sped ahead, and our cash demand ballooned. We got over-extended in our global strategy. At the same time, our capital and resources were in fact limited.
Reuters claims that LeEco is setup to sell the [...]
Indian celebrity and “Being Human” clothing brand owner, Salman Khan, has registered a new brand under the name of “Being Smart” towards an inevitable launch of Smart Phones for the entry – mid ranger market.
The phones are being made to compete against Chinese smartphone makers, with the likes of Xiaomi and Oppo. Salman has approached several investors for his venture and is building an operational management team that may be headed by an executive with leadership experience in Samsung and Micromax. One person with this exact background is Mr. Vineet Taneja, who had left Samsung Mobile India, to join Micromax informatics where he headed the [...]
Netflix has confirmed that it will partner with Airtel, Vodafone and Videocon in India, in order to strengthen its market presence in the country.
Netflix was launched in India, along with 129 other markets in Asia, in January, 2016. However, the US-based digital streaming company has faced stiff competition from the likes of Amazon Prime and HotStar. In order to get the rivalry out of the way, Netflix has decided to vigorously invest in the local content in India.
During a press conference in New Delhi, Netflix Co-founder and CEO Reed Hastings told reporters,
India is one of the most important and we are delighted to be teaming up with three of India’s [...]
While Nokia has had a bittersweet run in the past few years, Nokia Networks is still in the game. Nokia Networks is collaborating with two of the major network operators in India, (and many major Networks globally), state-run Bharat Sanchar Nigam Limited (BSNL) and Airtel, to prepare India for the 5th generation (5G) network technology and the Internet of Things (IoT). 5G is the successor of the 4th generation (4G) network technology which was released in USA back in 2011. Though 4G was announced in India in 2012 it was rolled out properly in 2016.
Nokia Networks intend to utilize 5G first, which is an end-to-end 5G solution by Nokia, for the purpose. This includes the [...]
India had come to a standstill (almost) when Ola and Uber drivers called for a strike in February and the cab service was a nightmare. However, after failing to garner attention from their respective employers, Ola and Uber drivers have now decided to introduce their own app. Reports suggest that nearly 8000 cab drivers are in favour of the idea.
The President of Uber, TaxiForSure and Ola Drivers And Owners Association, Tanveer Pasha, said in a statement:
We were to start discussing the logistics of the app with JD(S) leader H D Kumaraswamy during the protest at Freedom Park but he could not come due to health concerns. Nevertheless, he has promised his [...]
Facebook, Apple and Google, have come together to join hands – and it is not for a professional collaboration, the tech companies have spoken out in protest to Donald Trump’s ruling on transgender teens.
A directive that was rolled out in May 2016, by then President Barack Obama gave transgender teenagers federal guidance allowing them to avail education at public schools that are in line with their gender identity. Current President Donald Trump, has decided to withdraw the protections that were laid out for the transgender students.
In an effort to roll back the progress the [...]
Focus on Digitization and big reforms towards building infrastructure as well as bridging the rural gap – these are some of the key elements of the Union Budget 2017, tabled in the Parliament. The Finance Minister said that their agenda is to ‘transform, energise and clean India, that is ‘Tech India’. Here’s a complete lowdown on this year’s budget and what it means for Digital India.Increase in Duty of Printed Circuit Boards
Mobile phones are expected to get costlier as the addition of Special Additional Duty of 2% will be enacted on PCBs or printed circuit boards which account for approximately 50% of manufacturing costs of phones. This [...]
Apple inc. will start manufacturing iPhones in Bangalore (Bengaluru) starting April of 2017 to expedite their promise of Make in India and to ensure their ability to open self owned and maintained stores in India. Apple earlier had planned to open their own flagship stores in several cities including Delhi, Mumbai and Bangalore, but due to the government compliance of requiring manufacturing in India, the process was delayed. Tim Cook’s recent visit to India was a positive sign on the efforts of the Cupertino based tech giant, to fully initiate and integrate it’s services in the Indian market.
The manufacture of iPhones will considerably bring down costs of [...]
Nokia may not be officially back, but, it has made sure you take notice, as the company files a suit over several patent infringements against Apple inc. over technologies that Apple’s been using in heir devices.
The suit was filed in Regional Courts in Dusseldorf, Mannheim and Munich in Germany and the US District Court for the Eastern District of Texas.
Through our sustained investment in research and development, Nokia has created or contributed to many of the fundamental technologies used in today’s mobile devices, including Apple products,” said Ilkka Rahnasto, Nokia’s head of Patent Business
The suit covers 32 patents for a range of [...]
Apple has just been awarded a patent for anew device which the patent application defines as an iPhone. According to the patent Apple is researching foldable iPhone designs starting from back in 2013. This patent was filed in August and awarded today shows a new design iPhone which will look identical to the current iPhone when folded, but will unfold into a larger display device.
The patent application uses the words “carbon nanotubes” to define the mechanism that will hold the bendy iPhone together.
Conductive carbon nanotube paths can form signal paths that are flexible and resistant to cracking. The carbon nanotube structures may be incorporated into [...]
Lenovo has overthrown homegrown Micromax and become the number two smartphone manufacturer in the country just behind Samsung, who don’t seem to be having a good time either. Xiaomi has also climbed up to the fourth spot behind Micromax thanks to their new offline sales models.
While the Smartphone market in India has grown 25% many hown-grown brands have suffered market share losses due to lack of innovation and high yield costs. Both Lenovo and Xiaomi have focused on offline this year and the results have shown. Micromax’s market share reduced to 9.8% in September from 14.1% last quarter. Intex market share also came down from 8.4% to 6.4%.. While Xiaomi, Lenovo, [...]
The state of affairs are poor for Samsung Mobile, as the company deals with its biggest disaster yet. The Note 7 has truly turned out to be a problem for the brand, an expensive problem at that.
The reported recall and disposal of the Note 7, will cost the parent company a whopping $5.3 Billion. However Samsung has assured its investors that it plans to recover the losses in less than three quarters after the Note 7 process is complete.
Samsung claims it will expand sales of the Galaxy S7 and Galaxy S7 Edge and will not be releasing updated versions of those devices. Samsung has recalled 1.9 million Note 7 units in the US , 200,000 phones in China and about half [...]