Business

Apple Is Said to Ramp Up Work on AR Headset

Apple Is Said to Ramp Up Work on AR Headset

12 Nov 2017 comment

Apple, seeking a breakthrough product to succeed the iPhone, aims to have technology ready for an AR headset in 2019 and could ship a product as early as 2020, according to Bloomberg.

Walmart Pay Could Surpass Apple in U.S. Mobile Payments

Walmart Pay Could Surpass Apple in U.S. Mobile Payments

11 Nov 2017 comment

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.

iPhone X Parts Cost $115 More Than iPhone 8

iPhone X Parts Cost $115 More Than iPhone 8

11 Nov 2017 comment

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.

Alibaba Singles' Day Sales Hit $8.6 Billion in First Hour

Alibaba Singles' Day Sales Hit $8.6 Billion in First Hour

11 Nov 2017 comment

Alibaba kicked off its annual Singles’ Day shopping bonanza, logging $8.6 billion in sales within the first hour, according to Bloomberg.

Ericsson Announces Changes to Executive Team

Ericsson Announces Changes to Executive Team

10 Nov 2017 comment

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.

DT Profit Gains Ease Sting From Failed U.S. Deal

DT Profit Gains Ease Sting From Failed U.S. Deal

10 Nov 2017 comment

Deutsche Telekom may have failed to clinch a mega-merger in the U.S., yet investors aren’t spooked as Europe’s largest phone carrier charts a path on its own, according to Bloomberg.

Twitter Doubles Tweet Limit to 280 Characters

Twitter Doubles Tweet Limit to 280 Characters

9 Nov 2017 comment

Twitter said that users can send tweets with as many as 280 characters, double the current limit, the latest attempt by the social media company to revive anemic user growth, according to Bloomberg.

Xbox One X Launches Worldwide

Xbox One X Launches Worldwide

9 Nov 2017 comment

Microsoft has officially launched Xbox One X, the world’s most powerful console. New and enhanced Xbox brings 4K gaming and 4K entertainment to gamers across the globe.

IBM gives clients control of their data in Europe with cloud, underscoring data responsibility

IBM gives clients control of their data in Europe with cloud, underscoring data responsibility

8 Nov 2017 comment

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.

European Purchasing Power Climbs

European Purchasing Power Climbs

8 Nov 2017 comment

Europeans have an average of €13,937 per person available for spending and saving in 2017. This is one of the many results of GfK’s newly released study, “GfK Purchasing Power Europe 2017”.

Sprint Gears Up for Battle After T-Mobile Merger Talks Collapse

Sprint Gears Up for Battle After T-Mobile Merger Talks Collapse

8 Nov 2017 comment

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 Team Up in Cloud After Takeover Speculation

Google and Salesforce Team Up in Cloud After Takeover Speculation

8 Nov 2017 comment

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.

Facebook to Make Mobile Payments Service Available Outside U.S.

Facebook to Make Mobile Payments Service Available Outside U.S.

8 Nov 2017 comment

Facebook is enabling people outside the U.S. to send money to each other via its Messenger texting app for the first time, according to Bloomberg.

Co-Working Giant WeWork Is Going After the Kindergartners

Co-Working Giant WeWork Is Going After the Kindergartners

7 Nov 2017 comment

WeWork says its mission is to help people do what they love. Now the office-sharing giant is testing that ethos on kindergartners, according to Bloomberg.

Gartner Announces Winners of the 2017 EMEA Eye on Innovation Awards

Gartner Announces Winners of the 2017 EMEA Eye on Innovation Awards

7 Nov 2017 comment

Gartner has announced the winners of the 2017 Gartner Eye on Innovation Awards for financial services in Europe, the Middle East and Africa (EMEA).

SoftBank Profit Tops Estimates as Sprint Merger Talks End

SoftBank Profit Tops Estimates as Sprint Merger Talks End

7 Nov 2017 comment

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.

Broadcom Offers $105 Billion for Qualcomm

Broadcom Offers $105 Billion for Qualcomm

7 Nov 2017 comment

Broadcom offered about $105 billion for Qualcomm, kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock the electronics industry, according to Bloomberg.

IBM Closes Acquisition of Vivant Digital Business

IBM Closes Acquisition of Vivant Digital Business

6 Nov 2017 comment

IBM announced it has completed the acquisition of Vivant Digital business, a boutique digital and innovation agency based in Australia, to join IBM iX. Financial details were not disclosed.

IBM's Strategic Imperatives Pay Off Slowly

IBM's Strategic Imperatives Pay Off Slowly

5 Nov 2017 comment

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.

London Mayor Begins Drive to Keep City as Startup Hub for Europe

London Mayor Begins Drive to Keep City as Startup Hub for Europe

5 Nov 2017 comment

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 Plans $100 Billion Qualcomm Deal to Build Chip Colossus

Broadcom Plans $100 Billion Qualcomm Deal to Build Chip Colossus

5 Nov 2017 comment

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.

HPE to Move HQ From Palo Alto to Santa Clara in Bid to Cut Costs

HPE to Move HQ From Palo Alto to Santa Clara in Bid to Cut Costs

4 Nov 2017 comment

Hewlett Packard Enterprise is moving its headquarters from Palo Alto, California, to neighboring Santa Clara, bolstering efforts to slim down, according to Bloomberg.

iPhone sales returned to growth

iPhone sales returned to growth

4 Nov 2017 comment

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.

Apple Value Touches $900 Billion as iPhone Demand Boosts Stock

Apple Value Touches $900 Billion as iPhone Demand Boosts Stock

4 Nov 2017 comment

Apple briefly became the U.S.’s first $900 billion company on the day its stores around the world were inundated with customers trying to get their hands on the new iPhone X, according to Bloomberg.

Qualcomm Chip Business Stays Strong

Qualcomm Chip Business Stays Strong

3 Nov 2017 comment

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.

Lenovo Takes Control of Fujitsu PCs as Revenue Tops Estimates

Lenovo Takes Control of Fujitsu PCs as Revenue Tops Estimates

3 Nov 2017 comment

Lenovo unveiled plans to take over Fujitsu’s PC business for at least $157 million after posting its strongest revenue growth in two years amid signs the market is stabilizing, according to Bloomberg.

HP Completes Acquisition of Samsung Printer Business

HP Completes Acquisition of Samsung Printer Business

3 Nov 2017 comment

HP announced the completion of its acquisition of Samsung’s printer business in a deal valued at $1.05 billion.

Apple Holiday Sales Projection Tops Estimates on iPhone X Demand

Apple Holiday Sales Projection Tops Estimates on iPhone X Demand

3 Nov 2017 comment

Apple forecast holiday sales that exceeded most analyst estimates, a sign it expects robust demand for the new iPhone X, the company’s most important product launch in years, according to Bloomberg.

IBM Approves Dividend and Authorizes $3 Billion For Stock Repurchase

IBM Approves Dividend and Authorizes $3 Billion For Stock Repurchase

2 Nov 2017 comment

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.

Facebook Tops Sales Projections

Facebook Tops Sales Projections

2 Nov 2017 comment

Facebook reported another quarter of record sales, according to Bloomberg.