Xiaomi surpassed $1 billion in annual India revenue two years after selling its first smartphone in the country, according to Bloomberg. The company said it grew shipments by almost 150 percent in 2016, selling two million smartphones in the third quarter alone. The company had focused on India since failing to meet sales targets and dropping to number four in a home market it once led.
Online music company SoundCloud warned that if a music subscription service it introduced last year doesn’t gain traction with customers it risks running out of money, according to Bloomberg. In a regulatory filing published in the U.K., SoundCloud said that while it believes it has enough funds to make it through 2017, if the subscription service doesn’t take off it may raise "material uncertainty" about the company’s "ability to continue as a going concern," the filing said.
U.S. President-elect Donald Trump said he’ll seek a plan to “aggressively combat and stop cyberattacks” after meeting with intelligence agency chiefs whose conclusions he has openly questioned for months, according to Bloomberg.
Samsung underscored the resilience of its business when it reported its best operating profit in three years, weathering the death of its fire-prone Galaxy Note 7 with the help of its workmanlike chip and display divisions and cheaper smartphones, according to Bloomberg. The world’s largest maker of mobile devices posted a 50 percent surge in quarterly operating profit after demand from Chinese smartphone brands pushed up memory chip prices and buoyed the unit that makes OLED screens.
First days of September will be next big thing for the IFA fair because fairgrounds in Berlin are already full, said in an interview for ICTbusiness.info held during Las Vegas CES show Jens Heithecker, Vice President Messe Berlin and IFA Executive Director.
Bitcoin hit an all-time high Wednesday, according to Bloomberg data, thanks to continued adoption in China and other parts of the world where traditional currencies are tightly controlled. The digital currency, which just turned eight years old, reached $1,140.64, which was higher than the $1,137 it hit in November of 2013. In December, bitcoin also surpassed its previous all-time high in total market capitalization, which now exceeds $16.1 billion.
Technavio has announced the top five leading vendors in their recent global managed industrial Ethernet switches market report. This research report also lists 12 other prominent vendors that are expected to impact the market during the forecast period.
Hulu announced a comprehensive, new agreement with CBS to carry America’s most-watched broadcast network, as well as popular sports and entertainment channels CBS Sports Network and POP, with the potential to add additional networks in the future. All networks in the deal will be available to stream live, with much of their programming available on-demand as well, through Hulu’s new multichannel, live TV streaming service, set to launch in the coming months.
Increasing consumer enthusiasm for the Internet of Things (IoT) and adoption of emerging technology will drive the U.S. consumer technology industry to $292 billion in retail revenues ($228 billion wholesale) in 2017, according to new research from the Consumer Technology Association.
Intel has agreed to purchase a 15 percent ownership stake in HERE, a global provider of digital maps and location-based services, from HERE's current indirect shareholders: Audi, BMW and Daimler. In conjunction with Intel's acquisition of a stake in HERE, the two companies also signed an agreement to collaborate on the research and development of a highly scalable proof-of-concept architecture that supports real-time updates of high definition HD maps for highly and fully automated driving.
Samsung sees growth slowing in key markets and uncertainties increasing around trade protectionism and currency fluctuations, according to Bloomberg. In his annual New Year’s speech, Samsung Vice Chairman and Co-Chief Executive Officer Kwon Oh-hyun urged employees to learn from costly failures as the consumer electronics giant seeks to recover from 2016’s bruising debacle surrounding the Note 7 smartphone.
In a few days in Las Vegas the 50th CES will kick off. It is one of the biggest tech shows in the world. CES 2017 will feature new marketplaces, more than 850 first-time exhibitors, seven keynote addresses, expanded conference programming, additional SuperSessions and enhanced show floor services. With three main venue locations in Tech East, Tech West and Tech South and more than 24 product categories showcasing the hottest tech trends, expect to experience a whole lot of “whoa-ments” at CES 2017.
Facebook’s Oculus has acquired The Eye Tribe, a company that tracks eye movement in virtual reality to improve the experience, according to Bloomberg. Oculus confirmed the acquisition of the Copenhagen-based startup, without stating a price. Eye Tribe is the latest in a series of tech acquisitions in 2016 for Oculus.
Volkswagen bought North American parking-payment operator PayByPhone in the latest move by Europe’s biggest carmaker to expand from manufacturing into mobility services, according to Bloomberg. The purchase of Vancouver-based PayByPhone, which processed more than $250 million in transactions this year, will turn the company’s Financial Services unit into the leader in mobile payments for parking, the automaker said in a statement.
Qualcomm said Meizu has agreed to pay licensing fees to settle legal battles in China and three other countries, demonstrating the U.S. company can defend its intellectual property in the world’s biggest smartphone market, according to Bloomberg. Meizu will pay Qualcomm patent fees similar to those accepted by other Chinese phone makers, the two companies said in a statement.
Russia is set to expel 35 U.S. diplomats in retaliation for outgoing American President Barack Obama’s ejection of the same number of Russian diplomatic staff over cyberattacks allegedly backed by the Kremlin and aimed at interfering with the 2016 election campaign, according to Bloomberg.
Facebook said it wasn’t a mistake to tell people in Bangkok to mark themselves as safe after the report of a small bomb explosion, according to Bloomberg. It’s an example of how much more common the social network’s “safety check” alerts are going to become. The alerts caused panic when people thought they had to be worried about their loved ones.
Alibaba Digital Media and Entertainment Group plans to invest more than 50 billion yuan ($7.2 billion) over the next three years, according to Bloomberg. Yu Yongfu, the division’s new CEO, announced his investment plan in an internal e-mail published within a Sina.com report, which a company spokesman confirmed was accurate. Reuters earlier reported on the plans.
Toshiba plunged by the most on record in intraday trade after the company’s credit ratings were cut following an announcement it may write down billions of dollars of an acquisition made by U.S. unit Westinghouse Electric, according to Bloomberg. The shares fell as much as 26 percent, the most since 1974, according to available data, to 232 yen in Tokyo on Thursday.
China will use all necessary means to protect its information security, including the use of its military, striking a hard line in the country’s first strategic report on cybersecurity, according to Bloomberg.
We believe that by 2025 cognitive will generate a worldwide market worth approximately $2 trillion, said in the interview for ICTbusiness.biz Michael Paier, IBM GM SEE. In his opinion, the acceleration towards the cognitive era these days is driven by the explosion of data and the increase of our abilities in learning from it.
South Korea’s antitrust regulator slapped a record $853 million fine on Qualcomm for violating antitrust laws, the latest in a string of government actions that threaten the U.S. chipmaker’s most profitable business, according to Bloomberg. The South Korean Fair Trade Commission said that the company licensed its key patents only to mobile-phone makers and didn’t properly negotiate the terms of its licenses.
Amazon said it had its best holiday season yet, having shipped more than 1 billion items through its Prime and Fulfillment services, and receiving a record number of orders for its own Alexa devices, according to Bloomberg.
Fitbit, the maker of wearable health trackers, gained the most in three months after its mobile application topped the charts of free apps in Apple’s iOS app store, according to Bloomberg. Gaining ground in rankings during Christmas weekend means more new users downloaded the app, which suggests the devices were a popular present.
Israeli courts could demand that companies such as Facebook remove content deemed as incitement, under a bill that that will head for parliamentary approval amid concerns about free speech, according to Bloomberg. The law would give Israel the tools “to have content liable to lead to murder and terror removed immediately,” Public Security Minister Gilad Erdan said via text message after an Israeli ministerial committee approved the bill.
The initial excitement surrounding Nintendo’s debut mobile game, Super Mario Run, appears to wearing off, according to Bloomberg. The title, released on Dec. 15 for Apple devices, was no longer the highest-grossing iOS app in any country as of Dec. 24, according to the latest data available from researcher App Annie. A week earlier, it was the most profitable app in 49 nations.
BlackBerry boosted its fiscal 2017 earnings outlook and posted a profit in the third quarter, showing the company’s bet on moving more into software and completely away from handsets is paying off, according to Bloomberg. Fiscal third-quarter earnings per share, excluding some items, were 2 cents, compared with analysts’ average estimate of a loss of 1 cent.
Apple may face a tough battle in disputes over European Union demands for back taxes after the bloc’s top court partly backed regulators’ attempt to force Spanish firms to repay millions of euros in tax breaks, according to Bloomberg. In a ruling that could ultimately add impetus to the region’s clampdown on special tax treatment for selected companies, judges at the EU Court of Justice in Luxembourg said a lower tribunal should re-examine a Spanish system that gave tax breaks to companies for the acquisition of stakes in foreign firms.
Sony has acquired a minority stake in Chili, an Italian video-on-demand platform whose investors include some of the biggest Hollywood film studios, according to Bloomberg. Sony bought about 5 percent in Chili for about 3 million euros, taking a stake in a service that seeks to compete with Apple’s iTunes, said the people, who asked not to named because the deal is private.
A few days of regulatory tussles were enough for Uber to pull its fleet of self-driving cars from the streets of San Francisco and send them instead to friendlier territory in Arizona, according to Bloomberg. The California Department of Motor Vehicles banned Uber’s self-driving cars from San Francisco on Wednesday, just days after they first deployed.