HTC plummets after it cuts sales outlook November 24, 2011 HTC, the world’s number four smartphone maker, warned it would see no revenue growth this quarter, in a further sign that bigger rivals Apple and Samsung are stealing sales. The Taiwanese company, which is valued at around $16bn (£10bn), had previously forecast fourth-quarter revenue would grow 20-30 per cent from a year ago. The surprise [...]
What a difference a month makes November 24, 2011 WHAT a difference a month makes. At the end of October, HTC said it expected fourth quarter revenues to jump by almost a third; yesterday, the Taiwanese firm shocked markets by saying sales in the last three months of the year would in fact be flat. In cash terms, HTC has chalked down its estimates by [...]
Samsung is close to deal on Google TV November 22, 2011 Samsung yesterday said it is close to securing a deal to roll out the next generation of Google TV, bolstering the lucrative partnership between the two giants. Both companies have struggled in the sector this year, with Samsung’s meteoric rise in the flatscreen TV market being curtailed by a collapse in demand for expensive consumer [...]
Most smartphone users not keen to buy Nokia November 22, 2011 THE latest wave of the YouGov Smartphone Mobile Internet Experience (SMIX) report has some chilling news for Nokia, as the once dominant Finnish provider has seen its share of expected next smartphone purchase (ie the phone that current smartphone users expect to buy next) drop to four per cent. This compares to Apple on 41 [...]
Olympic Media Buzz LONDON 2012 PARTNERS November 6, 2011 IN ASSOCIATION with Repskan.com, the media monitoring and analytics platform, City A.M. is measuring the relative Olympic media buzz around the partners for the London 2012 Olympic and Paralympic Games, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 26 October to Wednesday 2 November. Continued [...]
Wolfson swings to $10m loss November 1, 2011 WOLFSON yesterday swung to a $10m (£6.3m) third-quarter loss and said weak demand meant it would not return to profitability until well into next year. The firm, whose audio chips are in Samsung handsets, also slashed its revenue forecast for the final quarter to $35-$40m, down from $46.1m. Chief executive Mike Hickey said order intake [...]
Samsung will target rivals in M&A spree October 31, 2011 SAMSUNG chief executive Choi Gee-sung yesterday fired a warning shot to rivals General Electric and Philips, saying he will he will aggressively target acquisitions in their sectors to compensate for his flagging chip business. He said he will target growth industries including solar cells, LEDs, biopharmaceuticals and medical equipment to complement his firm’s booming smartphone [...]
Panasonic is braced for a £3.4bn loss as it takes a hit from restructuring October 31, 2011 PANASONIC is braced for a £3.4bn quarterly loss, its worst in a decade, as it struggles against the soaring yen and weak demand for flatscreen TVs. The loss, which compares to a £588m profit a year earlier, includes costs associated with a large-scale restructuring that will see it shed 17,000 jobs by 2013. Panasonic, which [...]
Sony mulls a sale to Samsung October 30, 2011 Sony, struggling with a loss-making television business, is considering dissolving its LCD joint venture with South Korea’s Samsung Electronics in a bid to cut costs, sources familiar with the matter said. The Nikkei business daily said the company was aiming to reach an agreement by the end of the year to sell its nearly 50 [...]
Samsung overtakes Apple in smartphone market October 28, 2011 Samsung Electronics Co overtook Apple Inc as the world’s top smartphone maker in the July-September period with a 44 percent jump in shipments, and forecast strong sales in the current quarter in a clear warning to its rivals. Samsung only entered the smartphone market in earnest last year, but its sales have skyrocketed thanks to [...]