Profits fall at Samsung as TV sales drag July 7, 2011 PROFIT at Samsung Electronics, the world’s largest maker of memory chips and televisions, fell by a quarter as weak earnings at its flat screen unit dragged, underlying the conglomerate’s struggle to return to last year’s record profit. A bleak outlook for computers and TVs and a wobbly global economy is overshadowing robust sales of Samsung’s [...]
Wolfson sees shares plunge after warning June 27, 2011 WOLFSON Microelectronics, the Scottish chipmaker, yesterday scaled back its forecast for 2011 after its customers delayed the launch of new gadgets and sold fewer-than-expected smartphones and tablets. The warning sent shares in the Edinburgh-based company plummeting. They closed down 26 per cent at 175p, making it the biggest faller in the FTSE indices. The downgrade [...]
Nokia boss confirms 2011 release of WP7 June 21, 2011 NOKIA boss Stephen Elop yesterday said he expects the first wave of Windows Phone 7 (WP7) handsets to be released later this year, as revealed by City A.M. earlier this month. Elop said he has “increased confidence” that troubled Nokia will launch its first device based on the platform by the end of 2011, after [...]
RIM top boss leaves company June 20, 2011 BLACKBERRY maker Research In Motion has lost its second marketing executive in four months, highlighting the difficulties RIM faces in keeping pace with innovative market leader Apple. Brian Wallace, who headed RIM’s digital marketing efforts, has taken a job at Samsung, one of the companies that is stealing RIM’s smartphone market share. The departure brings [...]
Time for dads to pad up June 15, 2011 IT’S Father’s Day this Sunday, and for the modern dad there’s really only one present this year that’s essential – a tablet, paticularly for modern dads who commute. While the iPad, aided by its improved second edition, continues to storm all quarters, Android pads developed by Apple’s rivals are now seriously competing with it. The [...]
Nokia to take a thin slice out of Apple’s pie June 14, 2011 APPLE has settled an ongoing patent row with troubled phone maker Nokia, with analysts speculating that Steve Jobs’ firm could part with up to two per cent of the price of each iPhone it sells. The terms of the settlement will see Apple pay a one-off sum as well as contributing ongoing royalty fees. Details [...]
Beckham eager to play not coach at Olympics June 13, 2011 FORMER England captain David Beckham has ruled out a coaching role with Team GB at the London Olympics, insisting he is still in good enough shape to play. Beckham, who turns 37 next summer, underlined his appetite to participate during a visit to Canary Wharf yesterday. “Once the manager has been picked and once the [...]
Samsung poised to seize Nokia crown June 13, 2011 SAMSUNG could overtake Nokia as the world’s largest smartphone manufacturer this quarter, according to a research note from Nomura. And Nokia, which had been the market leader since 1996, could slump to third place the following quarter after it is overtaken by Apple. Nokia’s market cap has tumbled from a high of $285bn (£174bn) in [...]
Microsoft gets ready for war with Android June 8, 2011 MICROSOFT is preparing for an all-out assault on the mobile phone market in a desperate bid to regain ground ceded to Google. The firm plans to unveil a host of new handsets to coincide with the new version of its Windows Phone 7 (WP7) platform – codenamed Mango – slated for release this autumn. Among [...]
European Commission probes May 30, 2011 EU regulators opened in-depth probes yesterday into two takeover bids in the computer hardware sector involving two Asian companies and two US peers, saying it was concerned the deals would reduce the number of rivals. US-based Seagate Technology has said it wants to buy Samsung’s loss-making hard disk drive unit for $1.4bn (£849m). Western Digital [...]