Wal-Mart’s app is close to surpassing Apple Pay in usage for mobile payments in the U.S., giving the world’s largest retailer even more clout as a growing number of people shop with their smartphones, according to Bloomberg.
The components in Apple’s new iPhone X cost $115 more than the guts of the iPhone 8 due to its pricey new screen and facial recognition scanner, according to Bloomberg, citing an analysis by IHS Markit.
Ericsson’s Board of Directors has appointed Fredrik Jejdling as Executive Vice President of the company. This appointment is made in addition to his current role as Head of Business Area Networks and member of the Ericsson Executive Team.
The transition to the cloud presents enormous opportunities for enterprises operating in Europe. With the rapid growth of higher value services such as AI, analytics, blockchain and Internet of Things (IoT), companies are positioned to unlock transformative insights from their data like never before. In fact, the European Commission estimates that the value of the data economy in the EU can increase to €739 billion by 2020.
With deal talks with T-Mobile officially over, Sprint can’t count on a big merger to take care of its troubles, according to Bloomberg. The unit of SoftBank has to invest in its long-starved network, address its $38 billion in debt and figure out a way to gain subscribers without losing money.
Google and Salesforce unveiled a broad partnership that pairs their corporate software and cloud-computing services, a deal that follows speculation earlier this year the companies were headed for an even bigger combination, according to Bloomberg.
SoftBank Group reported quarterly profit that topped analysts’ estimates, as its U.S. unit Sprint faces an uncertain future after talks to merge the carrier with T-Mobile collapsed, according to Bloomberg.
Although listed as one of the most valuable technology brands in the world, IBM has been struggling to reach positive revenue growth rates in recent years. In the previous quarter, IBM had disclosed revenues below the expected estimates by analysts, reaching $19.29 billion instead of $19.46 billion. Whether the third-quarter in 2017 will become the 22nd quarter in a row with negative numbers remains to be seen. The revenue for the past three months is expected to be around USD 18.6 billion and the per-share profit at $3.28.
Mayor of London Sadiq Khan has announced a new program of investment days for London startups, as he tries to maintain the U.K.’s position as a European hub for young tech companies, according to Bloomberg.
Broadcom CEO Hock Tan is contemplating $100 billion bid for Qualcomm, according to Bloomberg, citing people familiar with the matter. If that happens it will be the largest technology takeover to build a powerhouse that dominates the market for wireless chips.
Despite the fact that Apple pushed the release of the anniversary iPhone X to November and thus to fiscal year 2018, iPhone sales returned to growth in Apple’s fiscal 2017 that ended September 30. As the company reported yesterday, it sold 46.7 million phones in the fourth quarter, bringing the total for the fiscal year to 217 million units.
Qualcomm issued a surprisingly bullish forecast for the current quarter, showing that robust demand for the company’s chips in China is making up for lost revenue from a bruising legal brawl with Apple, according to Bloomberg.
The IBM board of directors today declared a regular quarterly cash dividend of $1.50 per common share, payable December 9 to stockholders of record November 10. With the payment of the December 9 dividend, IBM will have paid consecutive quarterly dividends every year since 1916.