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Business, Financial & Legal Posts - Page 9

HTC sales dropped 35% in 2015, but the Vive is right around the corner

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Jan 8, 2016 11:28 pm

HTC sales took a big hit in 2015, dropping 35% over sales in 2014, according to the company's newly released annual financial report.




Last year, revenue totaled $3.65 billion, down 35.24% from 2014's $5.64 billion; December 2015 sales totaled $195.7 million, a 57.08% decline year-on-year, and 36.64% sequentially.


HTC is now counting on its Vive VR headset to get them back into shape. Pre-orders start next month.

Intel acquires German drone company Ascending Technologies

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jan 5, 2016 8:27 am

Intel has announced that it has acquired Ascending Technologies, a German company that specializes in detect-and-avoid systems for UAVs.




Last year at CES 2015, Ascending Technologies helped Intel show off with a game of "drone ping pong", with the companies teasing a hovering drone that automatically moved away from people and objects that were close to it. The drone was called AscTech Firefly, featuring six of Intel's impressive RealSense depth cameras.


Intel's acquisition of Ascending Technologies is a reiteration of its interest in the UAV business, which is something the company calls "an important computing platform of the future".

Activision buys the majority of eSports giant Major League Gaming

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jan 2, 2016 8:24 am

It was only back in October 2015 that Activision announced its new eSports division led by the founder of Major League Gaming and the former CEO of ESPN - but now, the company responsible for the Call of Duty franchise has secured the majority of MLG's assets.




Activision paid $46 million in the deal, which "essentially dissolves the professional gaming organisation", reports Engadget. MLG secured the deal without a stockholders meeting, with the sale rustling some investors' feathers. MLG co-founder and CEO Sundance DiGiovanni has abandoned his role, replaced by former CFO Greg Chisholm.


Back in 2002, both DiGiovanni and Mike Sepso founded MLG, hosting professional gaming tournaments, entered the streaming business and delivered eSports to television, and made it mainstream. MLG opened up the first United States professional gaming arena in Ohio, with another planned to open in China by 2017.

Huawei revenue grows 35% in 2015, smartphone sales gaining on Samsung

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Dec 31, 2015 10:02 pm

Chinese telecommunications company Huawei has had a killer 2015, with year-on-year revenue up 35% to 390 billion yuan (approximately $60.1 billion USD). In the third quarter, it passed Xiaomi as the #1 smartphone seller in China and became the #2 Android phone seller in Europe (thanks to its Honor sub-brand).




9 to 5 Google expects 2016 will be even bigger, given the impressive Nexus 6P and Huawei Watch devices, and goes so far as to say it may soon overtake Samsung as the #1 Android phone seller globally. Huawei shipped 100 million smartphones this year versus Samsung's 400 million, and it hasn't even launched the Honor brand in the US yet (it will in 2016). Seeing the massive success in Europe, it's likely to do great there as well.

Microsoft the latest to notify users of state-sponsored hacks

By: Jeff Williams | More News: Business, Financial & Legal | Posted: Dec 31, 2015 5:01 pm

Microsoft is joining the small list of companies that now inform their users if they suspect that they're the target of state-sponsored hacking attempts.




This policy is in response to an inquiry by Reuters about having not said anything to victims of a hacking campaign by the Chinese government that happened in 2011. Something that has spurred them to go beyond simple notifications with few details to now alert users if they suspect it's state-sponsored or not.


Microsoft will be joining Facebook, Twitter, Yahoo and Google as part of a more concentrated effort to evolve methods to keep your information secure. In a statement in a recent blog post they explained that they'll send out these notifications to those they think are targeted and not just if you've been compromised. This way you can take additional measures to keep things nice and secure.

Continue reading 'Microsoft the latest to notify users of state-sponsored hacks' (full post)

Uber experienced its billionth ride on Christmas Eve in London

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Dec 31, 2015 8:16 am

Uber has had a massive year, and a massive journey since it rolled out across the world, with its one billionth ride taking place in London on Christmas Eve.




The company launched back in 2010, which means it has seen an average of 15 million trips per month. It would've started to snowball in the last couple of years, as Uber has become incredibly popular - hitting a recent valuation of around $65 billion.


The list of investors continues to grow, and so does its customer base. Uber is having an uber time, that's for sure.

Gabriel Stricker to lead Policy and Communications for Google Fiber

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Dec 31, 2015 1:09 am

Former Google communications leader Gabriel Stricker has returned to the tech giant (well, technically Alphabet now) to head up its Google Fiber Policy and Communications division. He starts January 4.




Stricker left Google in 2012 to lead Twitter's communications department, but resigned earlier this year when co-founder Jack Dorsey returned as CEO. Of the new position, he says he's "thrilled" to be apart of the "quest to make the Web better and faster for all."

$5 million lawsuit claims Apple slowed older iPhones with upgrade

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Dec 30, 2015 7:03 pm

A class action lawsuit was filed with the New York district court yesterday and claims Apple intentionally slowed down older iPhones, particularly the iPhone 4s, with its recent iOS 9 upgrade. The motivation: added revenue from new phone purchases and carrier contracts.




The suit boasts more than 100 members, which seek $5 million in damages, pending the option to treble (triple the amount).

Continue reading '$5 million lawsuit claims Apple slowed older iPhones with upgrade' (full post)

Fujitsu forms PC, mobile subsidiary companies

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Dec 28, 2015 8:25 pm

On Christmas Eve, Fujitsu finalized plans to spin off its PC and mobile divisions into two separate subsidiary companies, dubbed Fujitsu Client Computing Limited and Fujitsu Connected Technologies Limited, respectively.




Fujitsu's motivation boils down to a desire for more efficiency and distinction, particularly in the face of the ever-crowded PC and mobile markets.


The company will allocate 400 million yen (about 3.3 million USD) and 8,000 shares to each of the new subsidiaries.

The Force Awakens becomes the fastest movie to hit $1 billion

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Dec 28, 2015 8:10 am

Star Wars: The Force Awakens continues to break records, with its latest record-breaking achievement being the fastest movie to make $1 billion at the box office.




It only took 12 days for The Force Awakens to make its $1 billion, thanks to the holiday weekend seeing the latest Star Wars movie making $153.5 million domestically, and $133.3 million overseas. This brings The Force Awakens to around $1.09 billion in 12 days, making its second weekend bigger than all of the other biggest openings of all time, except nine of them. That's a huge achievement in itself, too.


Jurassic World was the previous movie to have the record, as it reached $1 billion in 13 days. I think we're going to see Star Wars: The Force Awakens break Avatar's box office haul of $2.78 billion - with The Force Awakens, in my opinion, to make between $3 billion and $3.2 billion. The next big movie to compete against it at the box office will be next year's Batman v Superman: Dawn of Justice (which is the most expensive movie of all time, according to reports), which arrives on March 23.