Samsung calms investors with solid forecasts June 25, 2012 SAMSUNG executives leapt to reassure investors yesterday over the company’s performance after its shares fell by 4.4 per cent to a four month low. Since the launch last month of its latest smartphone, the Galaxy SIII, Samsung has been cursed with the blessing of overwhelming demand. But the South Korean firm revealed it expects to [...]
Sony and Panasonic launch tie-up for latest design TVs June 25, 2012 RIVAL Japanese television makers Sony and Panasonic said yesterday they will cooperate to make OLED (organic light emitting diode) sets as they battle Korean rivals Samsung and LG Electronics for pole position in the next-generation TV market. The race to garner a lead in OLED, widely touted as the successor to liquid-crystal displays, will depend [...]
BlackBerry firm set to unveil further losses June 24, 2012 THE tech industry is bracing itself for Research in Motion’s first quarter results this Thursday, when the BlackBerry maker is expected to reveal further losses. The Canadian company has struggled to keep up with rising competition, in the form of Apple’s and Samsung’s popular smartphones, and last month announced the hire of banks to help [...]
Windows 8 on new Huawei phone June 21, 2012 Chinese phone maker Huawei yesterday confirmed it will launch a smartphone later this year on the new Windows 8 platform, competing with Windows 8 handsets made by Nokia, Samsung and HTC. Huawei, which makes cheaper smartphones, is pushing into the high-end market.
WHAT THE OTHER PAPERS SAY THIS MORNING June 20, 2012 FINANCIAL TIMES Banks to get cheap money to lift UK lending The government’s new “funding for lending” programme, designed to boost credit for British business, will cut banks’ costs to as little as 1.2 per cent, according to people briefed on the scheme. The supply of such cheap money to the banks is supposed to [...]
THE TABLET RIVALS WHAT IS THE COMPETITION LIKE? June 20, 2012 Samsung Galaxy Tab The number one rival to the all conquering iPad is the Galaxy Tab. The 8.9 inch version offers something Apple doesn’t – it will fit into your pocket. It’s a well built machine but the £400 price tag is steep. BlackBerry Playbook Blackberry promised much with the PlayBook, including true multi-tasking between [...]
OLYMPIC MEDIA BUZZ LONDON 2012 PARTNERS June 17, 2012 IN ASSOCIATION with Repskan.com, City A.M. is measuring the relative Olympic media buzz around the London 2012 Olympic and Paralympic Games partners, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 7 June to Wednesday 14 June. The news that Samsung’s Galaxy S3 users will get [...]
More woe at Nokia as stock falls on plan to cut one in five jobs June 14, 2012 LOSS-MAKING Finnish mobile phone producer Nokia plans to cut another 10,000 jobs globally in its biggest revamp in recent history, it announced yesterday, while warning that the second-quarter loss from its mobile phone business would be larger than expected. The cuts, which include the closure of Nokia’s only plant in Finland, bring total planned job [...]
A smart acquisition pays off as satnav market shrinks June 12, 2012 I OWN a satnav. It used to be my pride and joy, but now sits in the boot of my car, while my wife calls out directions to me from her iPhone. Soon, according to Apple’s announcement on Monday, I could simply replace my wife with an iPad and have Siri call out every turn [...]
Voice recognition firm Eckoh agrees American Express deal June 11, 2012 ECKOH, the Aim-listed speech recognition business, will today unveil a deal with a major global financial services company, believed to be American Express. City A.M. understands the multi-million pound deal will see American Express employ a dedicated platform from Eckoh to handle its customers’ self-service enquiries across the globe. The two companies have worked together [...]