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.
The most popular messaging application in the world just hit a mammoth milestone. WhatsApp announced that it has hit the daily 1 billion active users mark and the growth is incredible! Compared to the numbers from last year where WhatsApp had 1 billion active users every month, this jump is massive and quite astonishing. To add to that, WhatsApp’s rendition of Snapchat stories has hit the 250 million daily active users mark as well. Interestingly, this is much more than what Snapchat itself enjoys currently.
The Facebook-owned company shared this news in a blog post, stating that active users per month have reached 1.3 billion. Moreover, about 55 billion messages are [...]
Flipkart is reportedly closing in on taking over e-commerce rivals Snapdeal. A report claims that the Snapdeal board has accepted Flipkart’s offer in the region of $900-$950 million last week. The future of Snapdeal has been a topic of discussion for the longest time and looks like the speculations will finally end now as the deal reaches a completion.
Snapdeal has raised over $1.5 billion over the years including, from investors such Alibaba and Softbank. Snapdeal was valued at $6.5 billion as recently as 2015 and is now set to be taken over by Flipkart for under $1 billion. It has also been reported that other assets such as FreeCharge, which Snapdal acquired two years [...]
We already have enough of the iPhone 8 rumours and speculations, but that hasn’t stopped new reports from claiming that LG will be the exclusive battery supplier of the L-shaped batteries of next iPhone, dubbed ‘iPhone 9’. According to the report, Apple and LG have reached an agreement, making LG the sole vendor of the iPhone 9’s battery.
Apple is usually known to hire multiple providers for sourcing parts but apparently, LG’s huge investment in dedicated battery manufacturing facilities was a major reason why Apple sided with them. One of the other reasons could be the recent backing out of providers from the agreement causing an expected further delay in [...]
According to a new report, a supply chain source familiar with iPhone designs has claimed that Apple has ordered 70 Million displays for the next iPhone, with the extent of the order reaching 95 Million if the demand exceeds expectations of the company.
Despite tie-ups with LG in the past, Apple has chosen Samsung as the sole provider of the OLED screens which will most likely be Super AMOLED. Samsung may invest as much as 8 Billion dollars in the next few months to ramp up production of the the OLED displays, to fulfil the order from Apple in time. Increasing the capacity means, that Samsung will also be able to supply to other manufacturers who were at present unable to [...]
In a long conversation with Micromax CEO Rahul Sharma, we found out a lot about why the company went silent for a long time. A conversation that was long overdue and why the company needed to rework their backend to comeback to the market.
Micromax still is one of the largest smartphone vendors in the country, while their premium and flagships did not do so well in 2016, the company sold a large number of entry level smartphones and feature phones. However, once a big advertising giant, Micromax seems to be losing pace to Chinese competition like Xiaomi, Oppo and Vivo who target the market by bombarding it with budget phones.
Rahul Sharma, was keen to let us know a few [...]
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 [...]