Finnish company HMD Global unveiled a range of new phones, including a redesign of the classic Nokia 3310, in a bid to win back mobile consumers. Two new smartphones, the Nokia 3 and Nokia 5, are set to come to market in the second quarter.
Huawei and LG are angling to steal the show at this year’s Mobile World Congress. They're ushering in new smartphones that each hopes will fill a void created by the absence of a new handset from the usually dominant Samsung.
HP reported sales that surpassed estimates on firmer demand for computers and printers that are helping drive profitability, according to Bloomberg. Revenue rose 3.6 percent percent to $12.7 billion in the fiscal first quarter, the company said in a statement.
Microsoft faces a coordinated investigation by European privacy regulators after it failed to do enough to address their concerns about the collection and processing of user data with a series of changes to Windows 10 last month, according to Bloomberg.
Verizon will acquire Yahoo’s Internet properties at a $350 million discount after revelations of security breaches at the web company, according to Bloomberg. The acquisition, now valued at $4.48 billion in cash, is expected to close in the second quarter, the companies said in a statement.
International money transfer service TransferWise has announced an integration with Facebook’s Messenger that will let people set up foreign exchange transactions over the chat service, according to Bloomberg.
Bloomberg reports that hackers are shifting their tactics. Undeterred by tighter sanctions imposed on Russia by the U.S. in response to last year’s attacks, hackers are increasingly likely to leak altered information they steal from both individuals and companies, said Dmitri Alperovitch, CTO at CrowdStrike.
For Tesla, there’s been little light shed on what the acquisition of money-losing SolarCity will mean to the bottom line. That hasn’t stopped its shares from nearing a record high, according to Bloomberg.
Microsoft again hiked the price of some of its products following sterling’s decline in the wake of last year’s Brexit referendum, according to Bloomberg. Becoming the latest technology company to try to force the pound’s drop on to consumers, the company said it increased prices on software and laptops.
Samsung Group’s Jay Y. Lee was formally arrested this morning on allegations of bribery, perjury and embezzlement, an extraordinary step that jeopardizes the executive’s ascent to the top role at the world’s biggest smartphone maker, according to Bloomberg.
Verizon is close to a renegotiated deal for Yahoo’s internet properties that would reduce the price of the $4.8 billion agreement by about $250 million after the revelation of security breaches at the web company, according to Bloomberg.
Snap set the valuation on its initial public offering at between $19.5 billion and $22.2 billion in what could be the third-biggest technology offering of the past decade, according to Bloomberg. The maker of application Snapchat is valuing its shares at $14 to $16 on a diluted basis. It could be the biggest technology IPO since Alibaba raised a record $25 billion in 2014.
Lenovo’s mobile-phone business continues to shrink, while its PC division managed anaemic growth in the face of brutal holiday-season competition, according to Bloomberg. The world’s largest PC maker’s profit plummeted more than two thirds in the December quarter, missing analysts’ projections. Smartphone sales declined almost a quarter globally as Lenovo bled market share to rivals.
Apple is in discussions with China’s BOE Technology Group to supply next-generation displays for future iPhones, a key component that’s being provided by a Samsung Electronics unit, according to Bloomberg.
Toshiba says it expects to book a 712.5 billion yen ($6.3 billion) writedown in its nuclear power business, citing cost overruns at a U.S. unit and diminishing prospects for its atomic-energy operations. According to Bloomberg, Shigenori Shiga will step down as chairman of the conglomerate.
Apple shares hit a record on optimism the next iPhone will drive a resurgence in sales and help the company’s services businesses grow, according to Bloomberg. The stock climbed less than 1 percent to $133.29 at the close Monday in New York, the highest on record.
Facebook agreed to submit to audits by the media industry’s measurement watchdog, the Media Rating Council, helping address concerns among some advertisers who had become skeptical of the social network’s metrics, according to Bloomberg.
After pioneering online flash sales in China to reach the top of the smartphone market, Xiaomi is turning to old-fashioned retail to arrest its slide, according to Bloomberg. The phonemaker will roll out a chain of about 1,000 brick-and-mortar stores under the Mi Home banner over the next three years. The new target accelerates plans outlined just last month to open 200 stores in 2017.
Snapchat’s UK user base experienced explosive growth of 89.8% in 2016, to 11.2 million users, according to eMarketer’s latest mobile usage forecast. Strong growth will continue, and this year, Snapchat will be used by 13.6 million people, representing 31.8% of all UK smartphone users.
A special prosecutor is again questioning Samsung’s Jay Y. Lee over allegations including bribery and embezzlement, potentially dealing another blow to South Korea’s biggest business empire, according to Bloomberg.
Twitter says it has come up with new ways to make abusive tweeters less effective: hiding their content and preventing banned users from creating new accounts, according to Bloomberg. The updates, detailed in a blog post, come after years of criticism that the company hasn’t done enough to combat abuse and harassment.
BT’s continental Europe chief Corrado Sciolla has resigned as the fallout from an accounting scandal at the British phone carrier’s Italian unit spreads, according to Bloomberg. Sciolla, who spent more than a decade at BT in roles including head of Italy, resigned to pursue other opportunities, BT said in an e-mail.