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, [...]
Nokia on road to recovery as Lumia sales finally pick up January 10, 2013 NOKIA showed early signs of putting its recent troubles behind it yesterday, as it announced that sales of its Lumia smartphones had been better than expected in the months leading up to Christmas. The Finnish company has posted repeated billion-dollar losses in recent months as it has failed to attract customers buying iPhones and Samsung [...]
Facebook shares hit six-month high on rumours of smartphone January 9, 2013 SHARES in Facebook reached their highest level in six months yesterday as speculation mounted that Mark Zuckerberg’s company is set to unveil its own smartphone. Facebook sent out invitations to a special event scheduled for next week, encouraging guests to “come and see what we’re building”. The news reignited rumours that the company will look [...]
Samsung sees fifth successive record quarter January 8, 2013 KOREAN electronics giant Samsung, the world leader in mobiles and memory chips, said it had earned a quarterly profit of $8.3bn (£5.2bn), as it sold close to 500 handsets a minute and as demand picked up for the flat screens it makes for mobile devices, including those for rival Apple products. That run of five [...]
TV makers battle for survival in Las Vegas January 7, 2013 THE WORLD’S biggest TV manufacturers yesterday staked their claims for dominance of the next generation of sets, unveiling a host of super-detailed and internet-connected sets they hope will revitalise a struggling market. Sony, Panasonic, Sharp, Toshiba and LG all used yesterday’s curtain-raiser to the Consumer Electronics Show (CES) in Las Vegas to debut bigger and brighter [...]
World’s electronics giants hit Las Vegas January 7, 2013 THE WORLD’S technology giants will convene in Las Vegas this week for the industry’s biggest trade event, featuring many of the gadgets that will shape the next 12 months. From tomorrow, the annual Consumer Electronics Show (CES) will see announcements from global brands such as Samsung, Sony and Panasonic, as well as displays from emerging [...]
Tech giants conspicuous by their absences January 7, 2013 TAKE a look at the roster of companies vying for attention at this year’s Consumer Electronics Show – Samsung, Sony and Intel – and the names not on that list stand out as much as those on it. The most recognisable names in technology today – Apple, Google and Microsoft – will be nowhere to [...]
Apple tests new phone amid talk of early launch January 2, 2013 APPLE is testing a new version of its iPhone, as well as new iOS software for the device, heightening speculation that it will release its next handset earlier than expected. App developers have noticed that usage logs – records to track what devices are using their apps – include references to an “iPhone 6.1” identifier. [...]
Kodak patents go for $525m December 19, 2012 KODAK has agreed to sell some of its patents to a group including Google and Apple for $525m (£323m). The bankrupt photography firm is selling the patents in order to pay off its massive debts. However, they reached far less than the $2.6bn that had originally been floated. It is selling around 1,100 patents to [...]