Business

Samsung and Wanda Cinemas Will Launch First LED Theater in China

Samsung and Wanda Cinemas Will Launch First LED Theater in China

8 Feb 2018 comment

Samsung announced a partnership with the world’s largest theater operator Wanda Cinemas to bring its Cinema LED Screen technology to Wanda’s Wujiaochang theater, located in Shanghai’s Yangpu District.

Snap Revenue Surges on User Growth and Advertising Gains

Snap Revenue Surges on User Growth and Advertising Gains

7 Feb 2018 comment

Snap delivered sales that blew past analysts’ expectations, its first upbeat quarterly report since going public, as advertisers start to get more comfortable spending money on its Snapchat app, according to Bloomberg.

Apple-Shazam Deal May Hurt Competition in Europe, EU Says

Apple-Shazam Deal May Hurt Competition in Europe, EU Says

7 Feb 2018 comment

Apple’s takeover of music-identification service Shazam may threaten competition and should be reviewed by the European Commission, the regulator said, according to Bloomberg.

Robo-Adviser Websites Crash, Cutting Off Access to Accounts

Robo-Adviser Websites Crash, Cutting Off Access to Accounts

7 Feb 2018 comment

The web sites of two of the country’s biggest robo-advisers, Wealthfront and Betterment, crashed on Monday as the S&P 500 Index sank 4.1 percent, according to Bloomberg.

Canon Sees Strong Growth in 2017 in Croatia

Canon Sees Strong Growth in 2017 in Croatia

7 Feb 2018 comment

According to recent numbers one of the biggest companies in printing and photo and video segment Canon sees strong growth in Croatia, said regional manager Goran Sretenoski exclusively for ICTbusiness.biz.

Broadcom Raises Qualcomm Hostile Bid to About $121 Billion

Broadcom Raises Qualcomm Hostile Bid to About $121 Billion

6 Feb 2018 comment

Broadcom has raised its bid for Qualcomm to about $121 billion, in an attempt to force what could be the largest-ever technology deal, according to Bloomberg.

Samsung Vice Chairman Set Free in Unexpected Court Reversal

Samsung Vice Chairman Set Free in Unexpected Court Reversal

6 Feb 2018 comment

A South Korean appeals court let Samsung Vice Chairman Jay Y. Lee walk free from prison after suspending his sentence for bribery, according to Bloomberg.

Samsung Joins Linux Foundation Networking Fund as Platinum Member

Samsung Joins Linux Foundation Networking Fund as Platinum Member

5 Feb 2018 comment

Samsung announced that it has become a Platinum Member of the Linux Foundation Networking Fund.

iPhone Super Cycle Pronounced Dead as Handset Market Tumbles

iPhone Super Cycle Pronounced Dead as Handset Market Tumbles

5 Feb 2018 comment

The iPhone “super cycle”, a wave of upgrades and new customers that was supposed to wash over Apple this year with the introduction of its model X, was pronounced dead on arrival, according to Bloomberg.

One Million Workers Targeted in Tech-reskilling Drive

One Million Workers Targeted in Tech-reskilling Drive

5 Feb 2018 comment

The World Economic Forum launched the IT Industry Skills Initiative to meet the global skills gap challenge and address job displacement arising from automation and the Fourth Industrial Revolution.

Huawei Teams Up With UnionPay to Roll Out Huawei Pay Worldwide

Huawei Teams Up With UnionPay to Roll Out Huawei Pay Worldwide

5 Feb 2018 comment

Huawei signed a mutual cooperation agreement with UnionPay International with the aim of working together to promote the globalization of Huawei Pay and to accelerate its roll-out worldwide.

Dell Confirms Exploring IPO and a Potential Combination With VMware

Dell Confirms Exploring IPO and a Potential Combination With VMware

5 Feb 2018 comment

Dell confirmed it’s still weighing options, including an initial public offering or a combination with VMware, according to Bloomberg.

Melinda Gates Backs Largest Venture Capital Fund Run by Women

Melinda Gates Backs Largest Venture Capital Fund Run by Women

4 Feb 2018 comment

Aspect Ventures founders Jennifer Fonstad and Theresia Gouw raised $181 million for their second fund, making their firm the biggest venture outfit created and run by women, according to Bloomberg.

Nintendo Climbs After Raising Outlook on Strong Switch Sales

Nintendo Climbs After Raising Outlook on Strong Switch Sales

4 Feb 2018 comment

Nintendo shares rose after the company raised its outlook for profit and Switch sales for a second straight quarter following robust shipments during the holidays, the strongest sign yet that the console is going to be a long-term success, according to Bloomberg.

Crypto Purchases Boosting Mastercard Customer Spending

Crypto Purchases Boosting Mastercard Customer Spending

4 Feb 2018 comment

Mastercard doesn’t traffic in cryptocurrencies, but it’s benefiting from them just the same, according to Bloomberg.

Google in Race to Deflect EU Fines as Shopping Foes Cry Foul

Google in Race to Deflect EU Fines as Shopping Foes Cry Foul

3 Feb 2018 comment

Google faces a Monday deadline to defend changes to its shopping service that left old foes clamoring for a new wave of European Union antitrust fines, according to Bloomberg.

SAP Makes Biggest Deal Since 2014, While CEO Backs Tax Plan

SAP Makes Biggest Deal Since 2014, While CEO Backs Tax Plan

3 Feb 2018 comment

SAP CEO Bill McDermott has backed U.S. President Donald Trump’s tax plan, and revealed a $2.4 billion deal for Callidus Software, its biggest acquisition in more than three years, according to Bloomberg.

Lenovo Posts Surprise Loss as Mobile Unit Struggles Continue

Lenovo Posts Surprise Loss as Mobile Unit Struggles Continue

2 Feb 2018 comment

Lenovo posted a surprise loss after taking a $400 million charge due to U.S. tax reforms as its mobile business continues to struggle with shrinking revenue, according to Bloomberg.

Amazon Sales Surge During Best Holiday Quarter Growth Since 2009

Amazon Sales Surge During Best Holiday Quarter Growth Since 2009

2 Feb 2018 comment

Amazon reported the strongest holiday quarter sales growth in eight years, fueled by the company’s dominance in e-commerce and cloud computing even as it pushes into new businesses such as advertising, entertainment and groceries, according to Bloomberg.

Facebook Says Business Stays Strong Amid News Feed Changes

Facebook Says Business Stays Strong Amid News Feed Changes

2 Feb 2018 comment

Facebook may be making major changes aimed at fixing its impact on society, but its business is as safe as ever, according to Bloomberg.

High Demand for Priciest iPhone in the Holiday Quarter

High Demand for Priciest iPhone in the Holiday Quarter

2 Feb 2018 comment

Apple quelled concern over lackluster iPhone demand with results showing that when consumers buy the gadget, they’re willing to pay up for the most-expensive model, according to Bloomberg.

Microsoft Sales Get Azure Boost While Tax Charge Causes Net Loss

Microsoft Sales Get Azure Boost While Tax Charge Causes Net Loss

1 Feb 2018 comment

Microsoft topped analysts’ estimates for second-quarter revenue, helped by brisk quarterly growth in its cloud and corporate-software businesses, while a tax charge caused the company to report a net loss, according to Bloomberg.

Samsung Takes Chipmaking Crown from Intel

Samsung Takes Chipmaking Crown from Intel

1 Feb 2018 comment

Intel posted record revenue in 2017, but it wasn’t enough. According to Bloomberg, Samsung just knocked Intel off its perch as the world’s biggest chipmaker by revenue, a spot the U.S. company has held since 1992.

Combis Achived Highest VMware Partner Status

Combis Achived Highest VMware Partner Status

1 Feb 2018 comment

Combis has secured the highest partnership status from one of the world's leading providers - VMware.

Verizon Is Said to Drop Plans to Sell Phones Made by Huawei

Verizon Is Said to Drop Plans to Sell Phones Made by Huawei

1 Feb 2018 comment

Verizon has dropped all plans to sell phones by Chinese Huawei, including the new Mate 10 Pro, under pressure from the U.S. government, according to Bloomberg, citing people familiar with the matter.

Apple Is Said to Push Back Some Key iPhone Software Features

Apple Is Said to Push Back Some Key iPhone Software Features

31 Jan 2018 comment

Apple executives, seeking to improve the performance of iPhone software after months of reported quality issues, have decided to delay some key features originally planned for this fall’s update, according to Bloomberg, citing a person familiar with the matter.

U.K. Breached EU Law With Internet Spying, Court Rules

U.K. Breached EU Law With Internet Spying, Court Rules

31 Jan 2018 comment

Part of the British government’s historic mass interception of emails, text messages and other forms of communication breached European Union law, the U.K. Court of Appeal ruled.

AMD Projects Revenue Gains With Limited Margin Expansion

AMD Projects Revenue Gains With Limited Margin Expansion

31 Jan 2018 comment

AMD, trying to make a dent in Intel’s dominance of computer processors, projected revenue will grow more quickly than some analysts had estimated, but gave a disappointing forecast for profitability, according to Bloomberg.

Samsung Profit Climbs on Memory Chips and Smartphone Displays

Samsung Profit Climbs on Memory Chips and Smartphone Displays

31 Jan 2018 comment

Samsung posted record earnings on robust demand for memory chips and sales of high-end displays for the iPhone X, according to Bloomberg.

VMware Plunges on Report It May Acquire Dell in Reverse Merger

VMware Plunges on Report It May Acquire Dell in Reverse Merger

30 Jan 2018 comment

VMware plunged after CNBC reported that it’s considering acquiring Dell in a reverse merger, bringing Dell back to public markets in what could be the industry’s biggest deal ever, according to Bloomberg.