Tag: category-/News/Business News/Company News

ProBeat: We already know what to expect from Sundar Pichai’s Alphabet

I’ve been thinking a lot about the Alphabet-Google (my colleague Kyle Wiggers prefers “Googlebet”) news this week. Why has it been so difficult to come up with a whole lot to say? It finally dawned on me last night: there isn’t much to say. That’s the point. This wasn’t a CEO shakeup. This has all […]

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Google CEO Sundar Pichai is now CEO of Alphabet, too

Google CEO Sundar Pichai is now also the CEO of Alphabet, Google’s parent company. As part of the shakeup at the search giant, Google cofounders Larry Page and Sergey Brin, who previously acted as CEO and president of Alphabet respectively, will step down from their roles. Page and Brin plan to continue to play a […]

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Apple expands Indian manufacturing, will export iPhones and components

(Reuters) — Finland’s Salcomp, a supplier to U.S. tech group Apple, is to invest 20 billion rupees ($278.67 million) in India to make mobile chargers and other smartphone components from March 2020, the country’s technology minister said on Monday. Salcomp has reached an agreement to take over a facility, formerly owned by Nokia, in the […]

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Pensa Systems raises $10 million to deploy inventory-tracking drones in retail stores

There are perhaps few retail tasks more time-consuming than taking stock of merchandise. Figuring out which products are in stock and which stock is likely to run low is a never-ending battle, as shoppers spend an estimated 40 billion hours picking things off shelves. It’s also error-prone — employees regularly misplace an estimated one in […]

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SoftBank proposes $30 billion merger between Yahoo Japan and Line

(Reuters) — Japan’s SoftBank plans to merge internet unit Yahoo Japan with messaging app operator Line to create a $30 billion tech giant, as it bags struggling internet companies to bulk up against rivals like Rakuten. The telco in a statement said Yahoo Japan, which last month changed its name to Z Holdings, will merge […]

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Former Apple chipmakers form Nuvia to rival Intel and AMD server CPUs

(Reuters) — Three of Apple’s former top semiconductor executives in charge of iPhone chips have founded a startup to design processors for datacenters, aiming to take on current industry leaders Intel and Advanced Micro Devices. Nuvia was founded by Gerard Williams III, Manu Gulati, and John Bruno in early 2019 and is developing a processor […]

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Investors are missing the point on Roku

On Wednesday Roku announced what by all accounts were positive results for the third quarter. Active accounts were up by nearly 2 million, cresting 32 million; the company beat revenue projections by more than $4 million, hauling in $261 million; and it delivered a loss of 22 cents per share, again beating analyst estimates of […]

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Microsoft reports $33.1 billion in Q1 2020 revenue: Azure up 59%, Surface down 4%, and LinkedIn up 25%

Microsoft today reported earnings for its first fiscal quarter of 2020, including revenue of $33.1 billion, net income of $10.7 billion, and earnings per share of $1.38 (compared to revenue of $29.1 billion, net income of $8.8 billion, and earnings per share of $1.14 in Q1 2019). All three of the company’s operating groups saw […]

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WeWork could hand control to SoftBank as part of rescue package

(Reuters) — SoftBank has prepared a financing package for WeWork Companies that would give it control over the shared office space company, a person familiar with the matter said. The package would significantly increase the stake of SoftBank, which already owns around one third of WeWork, and further dilute the influence of cofounder Adam Neumann, […]

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India’s first Apple Store will reportedly be in Mumbai’s Maker Maxity

Apple has reportedly selected a site in India for the country’s first Apple Store, and is said to already be in the process of designing and building out the site. The location, says India’s Economic Times, is in Mumbai’s Maker Maxity — a mall servicing a high-end clientele including financial institutions and large businesses. According […]

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PlayStation studios boss Shawn Layden is latest exec to leave Sony

PlayStation Worldwide Studios chairman Shawn Layden is leaving Sony Interactive Entertainment. The publisher announced the executive’s departure in a tweet on Monday evening. Here’s the official statement from SIE: “It is with great emotion that we announce that Worldwide Studios Chairman Shawn Layden will be departing SIE. His visionary leadership will be greatly missed. We wish him […]

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eBay CFO Scott Schenkel assumes interim CEO role as Devin Wenig departs

Online commerce giant eBay has announced that CEO, president, and company director Devin Wenig is leaving the company, with former chief financial officer (CFO) Scott Schenkel picking up the reins on an interim basis. Wenig had served as president from 2011, before replacing John Donahoe as CEO in 2015. Scott Schenkel had served in a […]

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Apple’s communications VP exits without a permanent replacement

Steve Dowling, Apple’s vice president of communications, said today that he’ll be leaving the company next month. First reported by Recode, Dowling’s departure is the latest in a series of unexpected Apple leadership changes as the company continues to evolve under CEO Tim Cook, and could mark a turning point for the historically secretive company. […]

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VMRay raises $10 million for real-time malware monitoring and mitigation tools

VMRay, a Bochum, Germany-based provider of automated malware analysis and detection tools, today announced that it’s raised $10 million in series B funding led by Digital+ Partners with participation from eCapital. The capital infusion brings the company’s total raised to $13.36 million (€12 million), following early investments from eCapital and High-Tech Gruenderfonds. Cofounder and CEO […]

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Wunderlist founder wants to buy his app back from Microsoft

More than four years after selling his company to Microsoft, 6Wunderkinder cofounder Christian Reber wants to buy the core product back from the software giant. Reber helped start 6Wunderkinder out of Berlin back in 2010, and alongside his 5 cofounders they managed to create one of the most popular productivity apps on the market in […]

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Gartner: Samsung and Huawei sold one-third of phones in Q2 2019

Global smartphone sales remain on a slow but steady decline, according to analysts at Gartner. The U.K. firm today published a report showing that they dipped 1.7% in Q2 2019, totaling 368 million units (down from 374 million units the same quarter a year ago). Among the top five vendors, Huawei and Samsung experienced the […]

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Canalys: Baidu passes Google to become No. 2 smart speaker company

Baidu is now the No. 2 two smart speaker company globally in terms of shipments, according to a new report from Canalys. The Chinese technology giant entered the affordable smart speaker market last June when it launched the 249 yuan ($39) Xiaodu, having ditched an earlier high-end smart speaker called Raven-H, which cost around 7 […]

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Bloomberg: Apple TV+ will cost $9.99 per month and launch in November

Apple’s video streaming strategy may be getting clearer with a report that its subscription TV service will go live in November and cost $9.99 per month. According to Bloomberg, the tech giant will include just a handful of shows at the start with plans to expand. At $9.99, the service would be the same price […]

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Reliance’s Azure cloud partnership poses threat to Amazon and Google in India

(Reuters) — India’s Reliance Industries on Monday announced a partnership with Microsoft’s Azure cloud platform, in a move that deepens the offerings of its Jio telecoms unit while posing a direct challenge to rival cloud services providers such as Amazon.com and Alphabet’s Google. As part of the 10-year alliance, Jio will build data centers across […]

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Broadcom acquires Symantec’s enterprise division for $10.7 billion

(Reuters) — Chipmaker Broadcom said on Thursday it will buy antivirus software maker Symantec’s enterprise security unit for $10.7 billion in cash to scale up its software business through deals. Shares of Symantec rose 3.6% and Broadcom 2% in extended trading. Broadcom last year bought U.S. business software maker CA for $18.9 billion and was […]

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Apple and Google halt human voice-data reviews over privacy backlash, but transparency is the real issue

Both Google and Apple are suspending some of their voice data-review practices, after separate reports in the past month revealed the extent to which the companies allow humans to listen to private conversations. Following a data leak last month, Google confirmed that some of its contractors listen back to recordings of what people say to […]

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Apple’s Q3 2019 earnings call: Wearables and services make up for the iPhone

After releasing third-quarter 2019 financial results today, Apple CEO Tim Cook and CFO Luca Maestri are hosting their quarterly live question-and-answer session for financial analysts. We’re covering the session live, with updates below in chronological order as the call proceeds. Today’s Q&A comes after Apple disclosed largely expected results, including a 1% improvement in overall revenues — enough to […]

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Intel confirms Apple’s $1 billion smartphone modem business acquisition

Alongside the release of its quarterly earnings report, Intel today confirmed that Apple is purchasing its smartphone modem business for $1 billion. The deal is subject to regulatory approvals and a variety of customary conditions, but could close as soon as the fourth quarter of 2019. According to Intel, the transaction means Apple will hold […]

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