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Xiaomi reports record smartphone shipments

By: Lana Jelic | More News: Business, Financial & Legal | Posted: 1 week, 5 days ago

Xiaomi has had some difficulties in the past, but it seems that's now behind them. The company has announced that the Q2 2017 was the most successful quarter for the company's history, so far.

 

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Xiaomi reported that the company sold 23 million phones globally in Q2 this year, which is 70% more than in Q1.

 

The company recently launched its flagship, the Mi 6, and several other phones. It is also expected that Xiaomi will launch the Mi MIX 2 sometime in the second half of the year.

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Qualcomm unleashes the dragon, wants to ban iPhone sales

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: 1 week, 6 days ago

Qualcomm is taking its legal battle with Apple to the next level, unleashing its flock of legal dragons and requesting that the US government ban new iPhones from being sold in the United States. Qualcomm is also seeking that a sales ban is placed on iPhones that are in the US right now.

 

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The creator of Snapdragon claims that Apple is violating on six patents that it holds, all to do with extending a smartphone's battery life. Qualcomm adds that none of the patents are essential to a standard, meaning it doesn't need to license them, as it is with other patents that Qualcomm and Apple are fighting over now. Qualcomm's General Counsel, Don Rosenberg, said in a statement: "Qualcomm's inventions are at the heart of every iPhone and extend well beyond modem technologies or cellular standards. Apple continues to use Qualcomm's technology while refusing to pay for it".

 

Qualcomm has now heightened the dispute with Apple, but there is a fair bit going on between the companies as it is. It all started with the Federal Trade Commission suing Qualcomm for anti-competitive practices in relation to sales of its smartphone modems, and then Apple jumped on filing a lawsuit which was very similar to the FTC. Apple expanded that lawsuit into two other countries, while Qualcomm slapped its own lawsuits onto the table against not just Apple, but it's suppliers.

 

Apple is complaining that Qualcomm is asking for "disproportionately high" fees for its patents, and is reportedly abusing its position as market leader in smartphone modems. But you know what, Apple? You're making untold billions of dollars selling iPhones, and if you can't make those modems yourself - cough the cash up. It's quite simple, really. On a side note, I think Apple is trying to poke a dragon, and it's going to breath fire in a snap of Qualcomm's fingers.

Mark Cuban invests in Unikrn's upcoming digital currency

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 30, 2017 2:32 am

Digital currencies are all the rage right now with global GPU shortages thanks to Ethereum mining, and just as I've reached 1.15GH/s with 46 graphics cards mining away, eSports betting giant Unikrn has landed the eyes of investor Mark Cuban.

 

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Cuban has announced he is investing in Unikrn, which is in the planning stages of its own token sale, where he said: "I want to learn more about them". He added that he hasn't "signed the paperwork yet. But it's likely it will happen". Unikrn is expected to roll out its initial coin offering (ICO) in September, which will be based on Ethereum. Ethereum mining is one of the hottest trends of digital currency this year, driving a global sell out of AMD and NVIDIA graphics cards.

 

We will be closely covering Unikrn's moves with its own UnikrnGold, a Unikrn currency based on ERC20, which will trade on all of the main crypto exchanges after the initial token sale.

Doctor: use sunscreen when using phones or computers

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 30, 2017 1:29 am

Put your phone down. Turn your computer off. Sorry if you can't read this news, but your LCD is burning you... according to Dr Howard Murad, an American dermatologist to A-list stars like Taylor Swift and Jennifer Lopez.

 

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Murad claims that spending four days (not all at once) in front of screens that emit harmful blue rays, is equivalent to 20 minutes of sunbathing. Murad gave the remarks during a segment on This Morning, saying that we can better protect ourselves with sunscreen when using our smartphones, tablets, and computers. Certain sunscreens have an ingredient called lutein, while foods like goji berries have lutein, protecting you from these harmful rays.

 

It just so happens Murad is the owner of a multi-million dollar skincare range, urging viewers to eat foods that contain the sunscreen-like lutein ingredient, and to apply a tablespoon of lotion to your face before going out into the sun, or snapping a selfie, I guess. Murad said: "Look for sunscreen that contains lutein, because that helps protect from the blue rays. It's really important. It's something that you should be using".

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EU fines Google $2.7 billion for breaking antitrust law

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Jun 27, 2017 5:23 pm

The EU (European Union) has fined Google for a record $2.7 billion for tampering with results on Google Shopping.

 

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The decision came after seven years of investigation which concluded that Google abused its market position and fixed search algorithms.

 

The European Commission said in their ruling that Google has 90 days to "stop favoring its own shopping service or face a further penalty per day of up to 5 percent of Alphabet's average daily global turnover", reports Reuters.

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Samsung is close to the world's most profitable company

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 27, 2017 2:28 am

Whatever electronics device you own, it probably has something manufactured or made by Samsung in it, which would lead to the company eventually getting to the point where they are tipping towards becoming the most profitable company of Q2 2017.

 

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According to ET News, Samsung will be showing off some record breaking numbers for Q2 2017 very soon, above the predicted $11.6 billion to $12.3 billion that analysts have Samsung pegged to announce. Samsung's main competitor Apple is poised to be under the South Korean's shadow in the financial fight with just $10.5 billion of earnings, very shy of Samsung's hefty lofts of $12 billion or more. Samsung hitting this amount would put them in the ballpark of the combined operating profits of tech industry giants Facebook, Google, Netflix, and Amazon - all expected to pull $11.1 billion.

 

Samsung's financial dominance comes from the fact that they have countless successful smartphones, tablets, notebooks, NAND, DRAM, AMOLED displays, and so much more. The likes of Apple and Google can't say that, especially in physical consumer products. Samsung, keep killing it.

Google eyeing off massive new complex in San Jose

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 22, 2017 7:31 am

Google might dominate the internet, our smartphones, and everything in between but it seems that the company is looking at shuffling things over and opening up a new facility in San Jose, CA.

 

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The San Jose City Council has agreed to negotiate the sale of 16 parcels of land owned by the city, with San Jose's mayor and vice mayor strongly supporting Google, but the residents of San Jose... not so much. Google's purported new facility would be separate to its campus in Mountain View, and would see the Diridon Station area of San Jose turn into a gigantic transit hub - including a Google village and up to 20,000 jobs.

 

If Google recices the go-ahead, the search giant would build somewhere between 6-8 million square feet of office space, and up to 3000 units of housing. There would also be a high-speed rail line and BART trains, as there's the Amtrak and Caltrain hub in San Jose. Google has teamed with partners securing land for months, with two property investor groups throwing $130 million onto real estate in the surrounding areas.

Uber CEO resigns after months of controversy

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 22, 2017 5:17 am

Uber is stumbling out of control, with CEO Travis Kalanick stepping down from the company. The New York Times is reporting that a group of major Uber investors demanded Kalanick's resignation on Tuesday.

 

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Kalanich eventually bowed to the demands after "hours of discussions", and will continue to stay on Uber's board and still has his hands-on a majority of voting shares. Kalanick said in a statement to the NYT: "I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors' request to step aside so that Uber can go back to building rather than be distracted with another fight".

 

The Uber board said: "Travis has always put Uber first. This is a bold decision and a sign of his devotion and love for Uber. By stepping away, he's taking the time to heal from his personal tragedy while giving the company room to fully embrace this new chapter in Uber's history. We look forward to continuing to serve with him on the board".

Vintage Apple sneakers auction starts at $15,000

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 8, 2017 2:47 am

For the hardcore Apple fans out there, you might be surprised to see that Heritage Auctions is planning to list a pair of prototype Apple sneakers that never made it to market, with the listing to hit eBay on June 11 starting at $15,000.

 

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The sneakers feature the old school rainbow Apple logo, and were only handed out to employees at the time. The near-mint condition sneakers make them a near one-of-a-kind, which explains their $15,000 starting price. For those who collect Apple hardware, software, and well - clothes and shoes, this could be quite the steal.

LeEco's crash in the US leaves hundreds unemployed

By: Lana Jelic | More News: Business, Financial & Legal | Posted: May 24, 2017 7:23 pm

Chinese smartphone manufacturer LeEco has announced that they will cut over 300 jobs at its US business, which is around 70% of its local force.

 

The cuts are being made to increase the company's investments in its home market. Last year, Jia Yueting said that the expansion to the US market had been too quick and costly.

 

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The company made a bold entry into America, but they failed to market itself appropriately, which resulted in this situation. Additionally, they failed to secure additional funds to continue growing the US operations at their current capacity which led to the layoffs.

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