Nokia hangs up on dividend to preserve cash January 24, 2013 NOKIA returned to profit in the final quarter of 2012, as sales of its Lumia smartphones finally picked up. However, the Finnish company said it would not be paying a dividend for the first time in over 20 years, as it struggles to preserve its cash pile. Following a cost-cutting plan that saw tens of [...]
Android maintains command of smartphone sales at Christmas January 22, 2013 SALES of phones running Google’s Android operating system continued to grow over the Christmas period, despite the release of Apple’s iPhone 5. Data from researchers Kantar Worldpanel found that Android increased its market share in key territories – the US, the UK, China and the EU – although Microsoft’s Windows Phone software is showing signs [...]
RIM chief Heins says BlackBerry could feature on rival devices January 21, 2013 BLACKBERRY software could be licensed to other phone manufacturers, the chief executive of owner Research in Motion (RIM) has said. Thorsten Heins, who was made RIM’s chief executive 12 months ago, said offering the BlackBerry operating system to other parties, such as Samsung and HTC, was a possibility, and that the Canadian company could even [...]
Apple’s record results to be hit by profit fears January 20, 2013 APPLE is expected to report record quarterly sales this week, with the iPhone and iPad proving more popular than ever. However, profits have taken a hit, with the company’s margins expected to be lower on the recently-released iPhone 5 and iPad mini than on previous models. The two devices were released separately towards the beginning [...]
The greatest show on earth January 16, 2013 The biggest, loudest, wackiest technology showcase in the world, the Consumer Electronics Show (CES), came to a close in Las Vegas this week, leaving geeks drooling over the gadgets we can expect to see over the next 12 months. The six-day event saw an estimated 20,000 new products from the over-3,000 exhibitors. This year’s event [...]
HMV’s demise shows why even giant firms have feet of clay January 14, 2013 SO that’s it, then: HMV has finally gone into administration, the latest, most tragic victim of the revolution that is sweeping away erstwhile giants. This comes just days after Jessops, the camera firm, was liquidated, and after the demise of Comet, the electrical retailer. So who’s responsible? Quite simply, all of us. Consumers are all-powerful, [...]
Apple shares dip below $500 on demand concerns for iPhone January 14, 2013 SHARES in Apple fell to below $500 for the first time in almost a year yesterday, on reports that the company had cut orders for iPhone parts following weak demand. The world’s highest-valued company fell almost four per cent in New York, wiping over $18bn (£11.1bn) off its value, with investors fearing Apple’s most profitable [...]
Big screens and popular designs are helping Samsung take a bite out of Apple’s smartphone lead January 14, 2013 TAKE note. 2013 has already been dubbed the year of the phablet – the hideous nickname given to oversized mobile phones that are closer in form factor to a tablet computer. This year’s Consumer Electronics Show featured new phablets from the likes of Lenovo, Sony and Huawei. Some have gone so far as to call [...]
Misplaced optimism in the European markets January 14, 2013 EUROPEAN equities yesterday took a knock, finishing the session at a near one week low. As reports of lackluster demand for Apple’s iPhone 5 triggered a sell-off in US markets, some investors on this side of the Atlantic followed suit and booked profits on the recent strong bull-run in the European market. Disappointing demand for [...]
CWC enters new age with $750m Macau sell-off January 13, 2013 THE BOSS of Cable & Wireless Communications (CWC) hailed a “landmark day” for his company yesterday as the telecoms firm said it had sold its last asset in Asia. CWC said it had reached a deal with the Chinese state-owned operator Citic to sell its 51 per cent stake in CTM, its business in Macau, [...]