Xiaomi had a festive couple of days during the Amazon and Flipkart sales. The Chinese tech giant said that it managed to sell over 1 million smartphones in India. Amazon’s Great Indian Festival Sale and Flipkart’s Big Billion Days Sale saw heavy discounts on smartphones and already mid-ranged phones became even more affordable.
Xiaomi managed to sell about 300 smartphones on an average every minute for two days. The company said it saw a significant increase in sales this festive season, compared to last year, where it took them about 18 days to sell one million smartphones.
Xiaomi said that the Redmi 4 was the highest selling smartphone on Flipkart [...]
Google and HTC announced a Cooperative Agreement worth US$1.1 billion wherein HTC’s smartphone engineers will work for Google once the transaction is completed. While more details about the deal will be disclosed in the days to come, the press release promptly answered one question everybody had on their minds – Will there be more HTC Android phones? The answer is, yes there will be.
This agreement also supports HTC’s continued branded smartphone strategy, enabling a more streamlined product portfolio, greater operational efficiency and financial flexibility. HTC will continue to have best-in-class engineering talent, which is currently working on the next [...]
After several reports that Google will take over HTC’s mobile division, Google has just announced a deal with HTC. In a statement released by the search engine giant, Google, the majority of the personnel working in HTC mobile division will now work for Google in a deal worth US$1.1 billion. Moreover, Google will, “receive a non-exclusive license for HTC intellectual property (IP).”
In a statement, Google has said
Google and HTC Corporation today announced a definitive agreement under which certain HTC employees – many of whom are already working with Google to develop Pixel smartphones – will join Google. HTC will receive US$1.1 billion in cash from [...]
HTC has reported a consolidated revenue of USD 99.69 million for the month of August, the Taiwanese giants’ lowest monthly figures in 13 years. The revenue for the month of August represents a 51.5% decline from the previous month and 54.4% from a year earlier. Also, HTC’s total sales in the first 8 months of 2017 were NT$39.86 billion, representing a 14.4% decline from last year. According to latest reports by The Commercial Times, Google is in the final stages of taking over HTC’s mobile division. This would either result in a complete takeover for HTC’s Mobile division or a partial investment from Google into HTC’s dimming business. According to the [...]
Over the past few years, there has been a disrupt in the smartphone industry which has always threatened the stronghold of Samsung and Apple in the industry. Huawei, now, has over taken Apple for the first time to become the second largest smartphone company in the world. Samsung however, remains a distant first as of now. The latest report from market analysis firm Counterpoint Research reveals that Huawei has beaten Apple and is now the world’s second largest smartphone company (by the number of units shipped) as of the Q2 of 2017.
Counterpoint has pointed out that Huawei has been able to do so because of its consistent investment in innovation and aggressive [...]
Lee Jae-yong, the son of Samsung’s ailing chairman and vice chairman of Samsung Electronics has been found guilty of perjury, embezzlement, and bribery in South Korea. The presumed heir to the Samsung empire was sentenced to five years in prison on Friday, which was shorter than the 12-year prison sentence prosecutors had sought for.
Lee was arrested in February and was found guilty by a three-judge panel of Seoul Central District Court. Along with the Lee, four other Samsung executives were accused of offering bribes to former South Korean president Park Geun-hye. Prosecutors alleged that Lee and the other executives gave 43.3 billion won (approximately $38 million) in [...]
A US-based research and brokerage firm, Bernstein has said that Google will pay Apple USD 3 billion to remain the default search engine on iOS devices. According to a note to investors, Google has increased the payment from $1 billion three years ago to $3 billion for 2017. Google’s licensing fee makes up a large bulk of Apple’s service business. In fact, this license fee from Google comprises about 5% of Apple’s total operations profit.
Apple has stated that its services business is growing at a fast pace and that the profit from the services sector will help the company get listed in the Fortune 500 companies. An analyst from Bernstein also says that iOS devices [...]
Snapdeal looked certain to be Flipkart’s next big acquisition and usher in a duopoly era in the e-commerce sector with Flipkart and Amazon the only two remaining big players. But, on Monday Snapdeal said it was terminating the talks of selling off its stakes to Flipkart, to pursue a new path.
A Snapdeal spokesperson in a statement said, “As we have been exploring strategic options over the months, we have decided to pursue an independent path and terminate all strategic discussions” interestingly without naming Flipkart. The negotiations between Flipkart and Snapdeal for a possible acquisition were said to be mediated by Snapdeal’s principal investor, [...]
The Pokémon Go Fest, which marked the game’s first anniversary turned out to be an absolute disaster. The fest was supposed to be a huge celebration. Players were promised rare Pokémons, rewards, training tips but were served with nothing but disappointment.
The event seemed to be a magnet for screw-ups. The attendees waited for hours to play, only to be told that the games are not working. The game servers quit working (due to the congested network) and the company had no backup plan. Maybe Niantic wasn’t prepared for neither the server load nor the network congestion.
The fest fiasco obviously didn’t go down well with the event attendees. Few of the [...]
In the tech industry, running a startup is no easy job. Considering the pace at which the balance shifts and the industry moves forward, it becomes a hellish job at times to keep it all together and work for the common goal of the startup.
When the father of Android, Andy Rubin announced that the Essential phone will release in May, it felt like an ambitious deadline to set and evidently, the timeline set was not achieved. In fact, only late last month did the phone get certification from FCC (Federal Communications Commission).
Andy Rubin has since announced that the Essential phone will go sale in August and it is to be seen whether the startup will hold true [...]
Apple seems to be in a mood for catching a break from the “Smartphone Patent Wars”. After battling the patent violation lawsuit with Samsung, Apple seems to have decided on settling the patent infringement dispute with Nokia back in May. Apple seemed eager to avoid the legal battle like the one with Samsung and both the companies agreed on moving from adverseries to business partners.
The details of settlement were initialy announced without disclosing the terms and the value of the settlement. According to the recent reports, Nokia announced that it has received a US $2 billion upfront cash payment from Apple (€1.7 billion) to settle the case. The terms of the new [...]
The South Korean electronics giant, Samsung, has posted a record quarterly profit despite being plagued by scandals in the recent past.
The recall of their 2016 flagship, the Galaxy Note 7, and the prosecution of de facto leader Jay Y. Lee on bribery charges, didn’t stop Samsung from raking in a record US $54.8 billion in quarterly revenue and an operating profit of US $12.5 billion. Revenue figure rose by 20 per cent year-on-year but net-profit rose by a staggering 89 per cent in the last quarter! A lot of the credit has to go the strong sales of their Galaxy S8 and S8+ devices and their component businesses.