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Business, Financial & Legal Posts - Page 12

Sharp rumored to spinoff its smartphone LCD division

Sharp hasn't been doing too well in the smartphone LCD market, with the likes of Samsung and LG dominating it. So the news of the company continuing its financial issues, and the possibilities of spinning off its LCD division shouldn't come as too much of a surprise.

 

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Sources close to Nikkei, Reuters and The Wall Street Journal are all reporting that Sharp is very close to spinning off its LCD division, something that would happen during Sharp's current fiscal year (in the next 12 months). The WSJ says that it could be announced before Sharp begins its restructuring plans in May.

 

If the rumors do end up being true, it goes to show just how hard the smartphone display market business is, especially with South Korea utterly dominating it right now.

Furious 7 has pulled in a huge $384 million so far, breaking records

If you've seen Furious 7 already, you will find it absolutely no surprise that the movie has pulled in a gigantic $384 million so far. During its opening weekend in the US, Furious 7 bought in $143 million alone.

 

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On top of the $143 million domestically, the movie has made over $240 million in the foreign market for a total of $384 million. This is a new record, with Furious 7 becoming the largest opening for any film in April, as well as being the largest opening for the franchise, and the ninth largest film opening in film history.

 

Box Office Mojo adds: "...That's without any help from China, Japan and Russia, where it will open in the next few weeks. So far, Furious 7 has earned $384 million worldwide, and is very likely on track to earn over $1 billion by the end of its run".

Continue reading 'Furious 7 has pulled in a huge $384 million so far, breaking records' (full post)

Dell maintains its position as the world's top supplier of PC displays

With over 150 suppliers shipping 34 million displays over Q4 2014, Dell has maintained its position as the number one PC monitor supplier in the world, according to the latest report from the IDC.

 

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With 34 million displays shipped in Q4 2014 seeing a 4.4% year-over-year decline, but a 1.3% increase on their forecast, the top five monitor manufacturers control a huge 60% of the market. Dell has secured itself 15.2% of the market, while Samsung has 12.7%. HP and Lenovo fall into third and fourth place with 11.8% and 10.9%, respectively. LG is in fifth place with 9.2%, leaving the rest of the market with the remaining 40%.

 

Dell shipped over 5.1 million displays in Q4 2014 while its closest competitor in Samsung shipped just under 4.3 million units, leaving HP to ship 4 million units, while Lenovo and LG shipped 3.6 million and 3.1 million units, respectively.

Senator wants to end rebate incentives for Tesla buyers

California created rebate incentives to help spur interest in electric vehicles and other clean-air vehicles, but the program is now under fire. Specifically, there is additional criticism when drivers are purchasing Tesla vehicles, as they carry a premium price tag.

 

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The state provides $2,500 in incentives for electric car purchases, and up to $5,000 for hydrogen fuel-cell vehicles.

 

"it's hard for the average Californian to understand why someone buying a $100,000 car should get a rebate," said Senator Ted Gaines, in a public statement. "That's the same question I posed to myself, and it was hard to justify."

Continue reading 'Senator wants to end rebate incentives for Tesla buyers' (full post)

GoDaddy has been valued at over $5 billion after its IPO

GoDaddy is now on the New York Stock Exchange, with the company being valued at over $5 billion yesterday. Once GoDaddy hit the NYSE, their shares rose by a huge 30%.

 

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GoDaddy floated at $20 per share before it quickly rose as high as $26.80, which sees the company being valued at $5.5 billion, including debt. If you haven't heard of GoDaddy, they are a domain name registration and web hosting company, better known for their controversial Super Bowl ads. They raised $460 million from selling 23 million shares, so people have faith in them to dump half a billion dollars in a single day.

Salesforce CEO Marc Benioff helping employees leave Indiana

Salesforce CEO Marc Benioff is serious when he says employees in Indiana can move out of the state, and he is helping them do it. Several employees asked to be transferred elsewhere, out of the state following Gov. Mike Pence's signing of a religious freedom law, with Benioff saying one employee was given $50,000 for a relocation package.

 

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Salesforce has sizable business operations in Indiana, so individual employees are now being assisted if they wish to leave - but abandoning the state isn't so simple. Under the threat of reducing business in Indiana, Benioff is reportedly working with state lawmakers so that the religious freedom law is modified.

 

"This is a really important point that, you know, CEOs have a lot of power and control on investment in states and we want to invest in states where there is equality," Benioff said, in a statement published by CNN Money. "One thing that you're seeing is that there is a third [political] party emerging in this country, which is the party of CEOs."

GIGABYTE passes ASUS, becomes the leading motherboard vendor

The motherboard wars are firing up again right before Computex, with GIGABYTE overtaking ASUS to become the world's largest motherboard vendor, according to the latest preliminary shipment figures, reports Digitimes.

 

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GIGABYTE shipped around 4.8 million motherboards in Q1, while ASUS shipped around 4.5 million. Between the two Taiwanese giants, they make up around 80% of China's motherboard market. MSI and ASRock come in third and fourth place, with both of them churning out around 3 million motherboards each. Both companies are looking to hit around 6.5 million units each for the entire of 2015.

 

With a slowing demand on motherboards and with GIGABYTE and ASUS securing most of the consumers, MSI has moved its focus over to the gaming notebook market, while ASRock is slowly shifting over to making products for the IPC server market.

Bungie's senior gameplay designer on Destiny leaves for Bethesda

Bungie's Senior Gameplay Designer for Destiny has left the company, with Josh Hamrick moving over to Bethesda. The news has been confirmed by Pete Hines and John Hamrick on Twitter.

 

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Hamrick worked for Bungie for around six years before he left, having his skills placed on the Halo games when they were still being developed by Bungie. As for Bethesda, we can expect something from the company in June at E3 2015, where they will hopefully announce some new titles, and maybe a few surprises.

Huawei secures 33% increase in profits for 2014

Huawei has had a strong couple of years, with the Chinese smartphone giant increasing its revenue by 21%, and its profits by 33% when compared to 2013. Huawei has pulled in overall revenues of $46.4 billion in 2014, with profits reaching $4.5 billion.

 

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The company has seen a nice growth in its smartphone sales, with the Chinese manufacturer selling over 75 million handsets in 2014. 4G services have helped the company and its increased sales, with Huawei partnering up with multiple carriers across the world to provide telecommunications equipment. While the company isn't making waves in the US, it is doing very well in other regions like Europe and India.

 

This year, Huawei has plans to launch its Ascend P8 smartphone which should feature a 5.2-inch Full HD display, 64-bit 8-core Kirin 930 processor, 3GB of RAM, 32GB of storage with expandable storage. We should see Huawei take the wraps off of the Ascend P8 smartphone at its even on April 15 in London.

Court grants RadioShack, Sprint co-branding of retail stores

RadioShack can co-brand most of the company's remaining stores with Sprint after winning court approval. There are 1,740 remaining RadioShack stores, able to survive after RadioShack filed for bankruptcy earlier in the year.

 

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As part of the agreement, Sprint will provide a dedicated "store within a store" of the retail locations, as the company tries to solidify its No. 3 position in the wireless market.

 

US Bankruptcy Judge Brendan Shannon understands there are more than 7,000 jobs on the line and millions in investments at risk. Judge Shannon's recent decision could preserve those jobs and business agreements, which faced four days of court battle.

Continue reading 'Court grants RadioShack, Sprint co-branding of retail stores' (full post)

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