7Digital share price surges after talks with Will.I.Am for smartwatch music service confirmed October 13, 2014 One of the digital darlings of London’s Silicon Roundabout has confirmed it’s in talks with global superstar and tech entrepreneur Will.I.Am to create a music streaming service for his soon-to-launch smartwatch. 7Digital Group said it is in discussions with “respect to the delivery of a music service on a new range of devices, including wearables,” [...]
Carl Icahn tells Tim Cook: Apple share price dramatically undervalued October 9, 2014 Infamous activist investor Carl Icahn has published in full a letter to Apple urging Chief Tim Cook and board executives to buyback shares. Icahn tweeted yesterday about the letter to Cook hinting "Believe it will be interesting." In the letter, Icahn said Apple was "dramatically undervalued in today's market" and that "the more shares repurchased [...]
Samsung’s profit expected to fall as smartphone demand wanes October 7, 2014 SAMSUNG Electronics is heading for its first annual fall in profits since 2011, after it revealed yesterday its profits between July and September would be the lowest in more than three years due to dwindling demand for its high-end Galaxy smartphones. Samsung said its profit for the third quarter would likely fall 59.7 per cent [...]
Samsung share price up despite profits at three-year low October 7, 2014 Samsung has warned that its quarterly profit for the three months to September was at a three-year low, resulting in the electronics giant's first annual fall since 2011. Ahead of the release of its full financial results later this month, the South Korean company said its operating profit during the period declined by 60 [...]
Wall St slips as traders look to earnings’ data – New York Report October 6, 2014 US SHARES yesterday fell in choppy trading, with traders nervously eyeing the start of earnings season, while the S&P 500 failed to remain above a key technical level. The Dow Jones industrial average fell 17.78 points, or 0.1 per cent, to 16,991.91, the S&P 500 lost 3.08 points, or 0.16 per cent, to 1,964.82 and [...]
Forget the Galaxy S5 and smartwatches, this is why Samsung is betting £10bn on the chips inside mobile devices October 6, 2014 Samsung is making its biggest bet yet on the chip making side of its business with plans to spend £9.7bn on a new factory to increase production of semiconductors. The Korean giant is investing in the tech behind the tech, rather than its more well known mobile hardware business which makes the flagship Galaxy devices, [...]
Microsoft insists Samsung still owes it $6.9m in unpaid interest October 5, 2014 Microsoft is suing Samsung for $6.9m (£4.33m) in unpaid interest, an unsealed lawsuit has revealed. In August Microsoft announced it was suing the South Korean firm in a dispute over unpaid interest on Android patent royalties. The lawsuit, made public by a New York federal court, reveals that although Microsoft has already received $1bn in [...]
Microsoft insists Samsung owes it $6.9m in unpaid interest October 5, 2014 Microsoft is suing Samsung for $6.9m (£4.33m) in unpaid interest, an unsealed lawsuit has revealed. In August Microsoft announced it was suing the South Korean firm in a dispute over unpaid interest on Android patent royalties. The lawsuit, now made public by a New York federal court, reveals that although Microsoft has already [...]
Apple retains smartphone sales lead ahead of iPhone 6 launch October 1, 2014 APPLE’S UK smartphone sales remained steady up to the launch of its new iPhone 6 last month, defying the historical trend of a sales slump ahead of the new devices release, according to data from Kantar Worldpanel. The iPhone 5C was the best selling smartphone in the UK during August, with 8.9 per cent share [...]
iPhone 6 hits China retailers after Apple wins regulatory approval September 30, 2014 Apple has been granted approval to sell the iPhone 6 and iPhone 6 Plus in China, 11 days after units began flying off the shelves in the UK and US. The Chinese government’s Ministry of Industry and Information Technology (MIIT) finally granted Apple a licence to sell its new product in the country, after [...]