Microsoft again hiked the price of some of its products following sterling’s decline in the wake of last year’s Brexit referendum, according to Bloomberg. Becoming the latest technology company to try to force the pound’s drop on to consumers, the company said it increased prices on software and laptops.
Samsung Group’s Jay Y. Lee was formally arrested this morning on allegations of bribery, perjury and embezzlement, an extraordinary step that jeopardizes the executive’s ascent to the top role at the world’s biggest smartphone maker, according to Bloomberg.
Verizon is close to a renegotiated deal for Yahoo’s internet properties that would reduce the price of the $4.8 billion agreement by about $250 million after the revelation of security breaches at the web company, according to Bloomberg.
Snap set the valuation on its initial public offering at between $19.5 billion and $22.2 billion in what could be the third-biggest technology offering of the past decade, according to Bloomberg. The maker of application Snapchat is valuing its shares at $14 to $16 on a diluted basis. It could be the biggest technology IPO since Alibaba raised a record $25 billion in 2014.
Lenovo’s mobile-phone business continues to shrink, while its PC division managed anaemic growth in the face of brutal holiday-season competition, according to Bloomberg. The world’s largest PC maker’s profit plummeted more than two thirds in the December quarter, missing analysts’ projections. Smartphone sales declined almost a quarter globally as Lenovo bled market share to rivals.
Apple is in discussions with China’s BOE Technology Group to supply next-generation displays for future iPhones, a key component that’s being provided by a Samsung Electronics unit, according to Bloomberg.
Toshiba says it expects to book a 712.5 billion yen ($6.3 billion) writedown in its nuclear power business, citing cost overruns at a U.S. unit and diminishing prospects for its atomic-energy operations. According to Bloomberg, Shigenori Shiga will step down as chairman of the conglomerate.
Apple shares hit a record on optimism the next iPhone will drive a resurgence in sales and help the company’s services businesses grow, according to Bloomberg. The stock climbed less than 1 percent to $133.29 at the close Monday in New York, the highest on record.
Facebook agreed to submit to audits by the media industry’s measurement watchdog, the Media Rating Council, helping address concerns among some advertisers who had become skeptical of the social network’s metrics, according to Bloomberg.
After pioneering online flash sales in China to reach the top of the smartphone market, Xiaomi is turning to old-fashioned retail to arrest its slide, according to Bloomberg. The phonemaker will roll out a chain of about 1,000 brick-and-mortar stores under the Mi Home banner over the next three years. The new target accelerates plans outlined just last month to open 200 stores in 2017.
Snapchat’s UK user base experienced explosive growth of 89.8% in 2016, to 11.2 million users, according to eMarketer’s latest mobile usage forecast. Strong growth will continue, and this year, Snapchat will be used by 13.6 million people, representing 31.8% of all UK smartphone users.
A special prosecutor is again questioning Samsung’s Jay Y. Lee over allegations including bribery and embezzlement, potentially dealing another blow to South Korea’s biggest business empire, according to Bloomberg.
Twitter says it has come up with new ways to make abusive tweeters less effective: hiding their content and preventing banned users from creating new accounts, according to Bloomberg. The updates, detailed in a blog post, come after years of criticism that the company hasn’t done enough to combat abuse and harassment.
BT’s continental Europe chief Corrado Sciolla has resigned as the fallout from an accounting scandal at the British phone carrier’s Italian unit spreads, according to Bloomberg. Sciolla, who spent more than a decade at BT in roles including head of Italy, resigned to pursue other opportunities, BT said in an e-mail.
Twitter tumbled the most in almost four months after quarterly revenue and a profit outlook missed analysts’ estimates, showing that efforts to woo more advertising have yet to pan out despite an effort to boost usage of its site, according to Bloomberg.
Nokia agreed to buy Comptel for 347 million euros to add technology that helps phone carriers manage their networks, part of a push into software and services as network-gear sales sputter, according to Bloomberg. Comptel shareholders will get 3.04 euros a share in cash, Nokia said in a statement.
Following its successful premiere in April last year, the second CE China is scheduled from 4 to 6 May 2017. CE China, a global IFA event, is designed to be China's premier trade show for consumer electronics and home appliances brands in China.
IBM is ramping up its digital-skills training program to accommodate as many as 25 million Africans in the next five years, looking toward building a future workforce on the continent, according to Bloomberg.
Facebook told a German court that it can’t monitor all of its customers’ posts for racist language in a dispute over whether the company has to block a photo showing chancellor Angela Merkel and a refugee that has been misused in several hate-speech postings, according to Bloomberg.
Saudi ICT market will rebound in 2017 to reach a value of $33.8 billion for the year, according to the latest insights presented by IDC. Hosting its annual 'IDC Predictions 2017' event at The Ritz-Carlton, Riyadh, the global technology research and consulting services firm said it expects Saudi Arabia's ICT market to grow 2.4% year on year in 2017, which represents a considerable improvement on the -5.1% downturn experienced in 2016.
Apple has put back on the table a request to sell used iPhones in India as it negotiates with the government for concessions to start production in the country, according to Bloomberg. The company has asked to bring in used iPhones to be refurbished and sold in India, saying it will have the manufacturing infrastructure needed to make them compliant with quality standards.
Facebook and Alphabet want to stop fake news from spreading in France as the country prepares for the presidential election in spring, with new fact-checking tools showing the Internet giants have learned lessons from the run-up to the U.S. race last year, according to Bloomberg.
Ninety-seven companies, from Apple to Zynga, filed an impassioned legal brief condemning President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy, according to Bloomberg.
It's been four years since ICTbusiness media project was launched. We started slowly this yet another media adventure, first with ICTbusiness.info portal, followed by the TV show ICTbusiness TV, aired at several local TV channels in Croatia.
Sony’s struggling movie division is weighing on the rest of the company, even as the PlayStation is booming and semiconductors show signs of a rebound, according to Bloomberg. The electronics and entertainment company cut its full-year profit forecast a second time in three months after posting quarterly earnings that missed estimates, following a 112 billion yen ($1 billion) charge against its film business that was unveiled last week.