A federal judge has awarded Apple with $290 million in patent damages from Samsung, which gives Apple a total of over $900 million that will be sucked out of Samsung's bank accounts.
The patent case saw a six-woman, two-man jury hearing the case last week, where Apple claimed Samsung copied its technologies from the iPad and iPhone. Apple argued that Samsung owed them nearly $380 million in damages from lost profits, and from profits Samsung enjoyed while selling the devices that were infringing on Apple's patents, as well as royalties.
Samsung didn't stand there defenseless, so it bit back, claiming that Apple inflated the value of their patents. The South Korean giant also reiterated the important of consumer choice, concluding that damages should not exceed $52 million. The jury ended up deciding that Samsung was indeed guilty of patent infringement on 13 smartphones and tablets, including features like pinch-to-zoom, and bounce back.
Over the past few months Acer has been in a bit of a downward slide and in recent weeks we have seen both the company CEO and Chairman of the Board, J.T. Wang, and its President, Jim Wong resign their positions. This is the direct result of the $20 million operational loss and 20-percent slump in sales the company reported for Q3 2013.
Now it appears that the company's founder will be returning to its helm after more than eight years of retirement. Stan Shih retired from Acer in 2004 just as it was beginning to grow into a netbook monster with its line of eeePC line. Shih will take on the role of chairman and acting corporate president based on a press released issued by Acer today.
"Due to the situation that now faces Acer and my personal social responsibilities, I must stand up and take the rein without salary," Shih said in a statement. "I will honor and complete all the public affairs and event engagements that I have committed to, but I will also fully support Acer's ICT device business and carry out the company transformation. In addition, George Huang who is one of my co-founding partners of Acer will join with me and the management team to lead our company at this time."
Just today Microsoft announced they have opened their Microsoft Store on eBay in the US. The eBay Microsoft Store will offer Microsoft accessories as well as first-party Microsoft products. This will assumingly increase sales of new products. Unlike Apple, Microsoft only has 81 retail stores. eBay has 142 million active users globally and this partnership just might just give Microsoft their boost in sales.
Microsoft guarantees their new eBay store can offer "the same safe online shopping experience, return policy and free shipping from the Microsoft Store on eBay that they've come to expect on microsoftstore.com." The launch of the new Microsoft eBay store will be just in time for the holidays.
Just two weeks ago we were reporting on OCZ's stock taking a nosedive to below $0.18 per share before rebounding back to the $0.70 level. The stock seemed to level off there, and some of us thought that the company may be able to pull itself out of the hole it fell into months ago. Unfortunately, that does not appear to be the case.
A new rumor has just came across my news desk unveiling that OCZ laid off 15-percent of its workforce last week. The rumor was not clear as to which divisions were the hardest hit, or if any high-salary employees were caught up in the layoffs. OCZ's stock is down more than $0.10 today since Friday when it closed at about $0.70 per share. Unlike the last nosedive, there are not rebounding spikes and if the pattern continues, OCZ could be back in the sub $0.20 per share range by Friday.
At some point in our lives, almost every American has owned a Nokia branded phone, and it was not that long ago that Nokia was considered king of the handset. Today that long standing legacy has finally come to an end as 99.7-percent of Nokia's shareholders voted to approve Microsoft acquiring Nokia's Devices and Services business for $7.2 billion.
Not all shareholders were so eager to sell, with reports of some being quite upset that an American company would be allowed to purchase a Finnish brand with such a long history. None-the-less, Microsoft is the new owner of Nokia's Devices and services division and we have most likely seen the last Nokia-branded mobile devices to be released. Todays conformation also gives Stephen Elop yet more momentum in his drive to replace Steve Ballmer as Microsoft's next CEO.
Personally I am still sticking to my theory that Ballmer, Elop and Gates all planned this entire chain of events out back in 2009 or 2010. I think that everyone knew Ballmer wanted to retire, and that Microsoft needed its own handset to compete with Apple. A plan was hatched that would see Elop being ushered in as CEO of Nokia, who would then closely collaborate with Microsoft to develop the next-generation of Nokia Windows Phones. At the same time, Elop would help Nokia's stock tank and earn himself a big bonus for selling Nokia to Microsoft when things looked really bad. The buyout would be confirmed and Elop would be given Ballmer's seat at the helm as a thank you for his efforts. Call me crazy, but much more shady plots have been hatched in the big business world.
2014 is shaping up to be an interesting year for consumer devices, where I think we'll see a powerful change from smartphones to wearable devices, like Glass, and tablets do a little better, for some companies at least.
One of those companies would be Samsung, which is looking to double its tablet output next year, from this year's 40 million tablets. This is double the number of slates the South Korean giant shipped last year, but it is looking to really up the ante going into 2014. Samsung is hoping to sell as much as 100 million tablets in 2014, a large increase over 2013's numbers, that's for sure.
Bitcoin has a long history of being on the wrong side of the law, and was even at the center of the largest online illegal drug market place in history. Today, as US officials took to the Senate to testify on the virtual currency's validity and legitimacy, new information has been released that tie Bitcoins to a new "Crowdfunded Assassination Market."
The site cleverly named "Assassination Market" is offering bounties for the assassination of President Obama, Federal Reserve Chair, Ben Bernake, and many more government officials all over the world, with some bids going as high as 124 bitcoins. At current market value, that equates to over $70,000. Unfortunately this type of marketplace has been tried in the past. Back in the 1990's a group called cypherpunks poised a similar model that never got off the ground. It is still unclear who started the site, but I am willing to bet that law enforcement agencies worldwide are keeping a close eye on this new market.
Google had a similar incident last year which they paid $22.5 million in a settlement with the Federal Trade Commission. The lawsuit says users specified they did not want to be followed and Google was still tracking them.
New York attorney general Eric T. Schneiderman: "Consumers should be able to know whether there are other eyes surfing the web with them. By tracking millions of people without their knowledge, Google violated not only their privacy, but also their trust."
In the past 9 days or so Bitcoin prices have soared to levels no one expected to see after the shutdown of Silk Road. The surge is most likely the result of senate hearings that begin today in which several US agencies will testify to the legitimacy of Bitcoin, and the impact it is having on the global economy.
Today the value of a single Bitcoin soard past $650 and while it has since declined a little, the fact still stands that the digital currency was sitting at a value of just $85 a few months ago. The increase in value can also be attributed to the fact that Ben Bernake, Chairman of the Federal Reserve said that his agency has no intentions of attempting to regulate Bitcoin anytime soon.
"The FBI's approach to virtual currencies is guided by a recognition that online payment systems, both centralized and decentralized, offer legitimate financial services," said Peter Kadzik, principal deputy assistant attorney general, in a letter ahead of the Senate hearing. "Like any financial service, virtual currency system[s] of either type can be exploited by malicious actors, but centralized and decentralized online payment systems can vary significantly in the types and degrees of illicit financial risk they pose."
An interesting move by Apple, which has reportedly acquired PrimeSense, the motion sensing technology company that was behind the first Kinect sensor. PrimeSense helped Microsoft design the original Kinect, and has reportedly been scooped up by Apple for a nice $345 million over the weekend.
PrimeSense told TheNextWeb, that it refers to the report as a "recycled rumor," adding that it "does not comment on what any of our partners, customers or potential customers are doing." Apple is reportedly after the motion sensing tech for its Apple TV, but I think we might see it gel between its TV set, and maybe a new form of touchscreen tech. Apple might not push touchscreens onto its MacBook line of products, but a motion sensing tech? Possibly.
Well, the small number of PS4s that are experiencing issues could be the result of interns at the Foxconn manufacturing plant in Yantai, China, sabotaging it. Yes, sabotage!
The news broke on the IGN forums, but the forum was eventually locked. This particular manufacturing plant has hit the news headlines before, from the mistreatment of staff, and more. The intern notes that because Foxconn didn't treat them well, they sabotage the manufacturing of the PS4. The intern said: "The ps4 console we assemble can be turned on at best."
This would explain some of the issues some owners are experiencing, but if this is true, those interns are going to be in quite a lot of trouble with Foxconn.
HTC continues to hit road bumps, but the Taiwanese smartphone manufacturer is hoping to swing things around, as it looks into its global public relation efforts.
The news is coming from a report by the Advertising Age, who says that HTC is looking into some of the world's largest PR firms, including Waggener Edstrom, and more. The company is looking to better position itself in the market in the mindset of its customers. This should be big news, considering the company saw its head of global public relations retire.
Once its head of global PR retired, HTC's chief marketing officer filled his shoes, which is where we saw the Robert Downey Jr.-starring ads begin to roll out. It should be interesting to see where this leads the company, and whether it will help stem the losses it has posted lately.
Just how many people play Candy Crush? Over 500 million... yes, half a billion people are playing Candy Crush, a mind-blowing number. Then we have an upcoming IPO that will reportedly hit soon from developer King.
With those 500 million users, how many games of Candy Crush have been played? A massive 150 billion individual games to date - just mammoth numbers. King sees over 1 billion gameplays daily, which is gigantic for a game that has been out for a year - and because of this - King is celebrating Candy Crush's first birthday.
Rewind back to February, and King was seeing 9 billion gameplays per month across all of its titles, including games like Bubble Witch Saga and Pet Rescue. So putting things into perspective, King has moved from 9 billion gameplays per month across all its titles, to 1 billion gameplays daily of Candy Crush alone.
It was only a few days ago that we reported that Snapchat refused a $3 billion acquisition offer from Facebook, but now unnamed sources of Valleywag have said that Google offered the company $4 billion, which it also turned down.
The same sources say that Snapchat is going to wait until next year to raise funds, because it wants to increase the number of photos its users share each day to more than the number of photos shared through Facebook each day. If this does happen, the valuation will be exponentially more, which will make the current $3 and $4 billion offers feel like nothing. If it were me, I'd be happy with $4 billion...
Apple is in trouble with Italian authorities, to the tune of $1.3 billion of alleged tax fraud. The Italian government believes that the iPhone maker has tucked away, hidden from the Italian tax authority and investigators in the country.
Reuters is the one with the report, where they said: "The maker of the iPhone is the latest prominent corporation to become the target of a tax probe in Italy amid a global crackdown on tax cheating by multinationals. In Italy, where tax authorities have become more aggressive in their dealings with global companies, fashion designers Domenico Dolce and Stefano Gabbana were handed in June a 20-month suspended prison sentence and a heavy fine for hiding hundreds of millions of euros in unpaid taxes. Both deny any wrongdoing."
Facebook has reportedly offered Snapchat a nice $3 billion to acquire the picture-sharing startup, but Snapchat refused the deal. The reason for the decline is that Snapchat is currently enjoying multiple companies bidding for them, which is a great reason, isn't it?
Considering Facebook paid - at the time a huge $1 billion for Instagram, this isn't chump change by any measure. But, Snapchat is also huge, as it is one of the most popular messaging apps over mobile devices right now. The social network reportedly put another bid in previously, at $1 billion, so an increase to $3 billion shows just how powerful the messaging application is.
There are around 350 million messages sent per day through Snapchat, just to give you an idea of how big it is.
Google is a gigantic company, a company that pretty much just prints its own money from advertising. Well, according to Business Insider's Henry Blodget, Google's yearly ad revenue has soared - and has overtaken both the magazine and newspaper industries.
If you look at the graph above, you can see that Google wasn't making that much money from ads in 2004... but each year sees a massive increase in profits made, and each year that Google makes more and more profits, the magazine and newspaper industries take an even bigger hit. Sure, back in 2004, the US newspaper industry was doing great business, but that has been knocked down, considerably.
If Google can keep at this pace, it will demolish the newspaper and magazine industries' profits in just a few years time.
For years Microsoft has used a employee ranking system. Which former employees at Microsoft say the ranking system was competitive. CEO Steve Ballmer is trying to make Microsoft a more team like environment ahead of his retirement.This new system is going to be a big change for employees at Microsoft.
Microsoft HR chief Lisa Brummel mentions in the memo-"This is a fundamentally new approach to performance and development designed to promote new levels of teamwork and agility for breakthrough business impact"
If I was to look around my desks where I'm typing this news, I have a Nexus 5, LG G2, and both Nexus 7 tablets - last years model, and this years - I'm a tech addict like most of you out there. But just how many smartphones are out in the wild right now? Around 1.9 billion, which is expected to blow out to a huge 5.6 billion devices in 2019.
5.6 billion smartphones is a mammoth number, with the estimation coming from communications technology company, Ericsson. According to Ericsson's latest quarterly report, 55% of all handsets sold worldwide were smartphones, even though smartphones represent just 25-30% of all active mobile phone subscriptions.
But, over the next 6 years, we should see smartphone adoption hitting 60% of all mobile phone subscriptions. This means that of the 9.3 billion phones in use by 2019, 5.6 billion (or over half) of them will be smartphones. The biggest reason for this is going to be the emerging markets like China and India, and I personally think another big push is going to be Android 4.4 KitKat, which has much lower minimum requirements - which will push smartphone technology into cheaper smartphones, and help drive sales in emerging markets, in droves.
After a first day of trading that can only be called a smashing success, Twitters stock price has saw a slight dip in trading on Friday. Yesterday the stock opened at $45.10 per share with an initial transaction for more than 11 million shares, but the market has been less kind to Twitter today with the stock hovering around $42 per share all day.
While a five percent drop in price on the second day of trading may seem like a big deal, this was actually expected by many market analyst, and is not an uncommon event for newly listed companies. The real tell tell signs will come next Thursday and if the stock has managed to stay in the $40-45 or higher range.
While we are on the subject of the financial markets, you might remember that earlier this week, OCZ, saw its stock take a nosedive towards the bottom. With the release of a new SSD that has been met with good reviews, it appears that some investors have renewed confidence in the SSD manufacturer. Today the stock is up around $0.85 per share which represents a rebound of over 90-percent since Tuesday.
Microsoft doesn't really need Windows Phone sales to explode overnight when its generating an estimated $2 billion from Android sales, for, well, doing nothing. Nomura analyst Rick Sherlund has estimated that Microsoft is pulling in all that revenue each year from Google thanks to patent royalties from Android vendors.
The analyst adds that Microsoft's margin on Android-based patent royalties is a hefty 95%, which would mean that Microsoft's truck load of billions of dollars each year is pure, golden profit. Sherlund also says that Microsoft is using the cash piles it's making from Google's mobile OS to patch up the massive losses that its Xbox division creates each year, which is around $2 billion per year according to Sherlund.