Dell Inc. revenue and income dropped in the second quarter. As a result of weak results Dell decided to cut its third-quarter and full-year profit outlook. Currently customers are reducing their spending on computer purchases as they are waiting for the introduction of Microsoft’s Windows 8 Software. But Dell is not the only one affected by the decreasing trend; the whole PC business continues to struggle as a sluggish economic recovery immerges demand for personal computers.
Both, American electronics giant – Apple and South Korea’s Samsung Electronics, scored partial victories in a sentence made by German court. For last few years both companies have been at global war with each over tablet computers. Apple won a preliminary injunction against the Samsung Galaxy Tab 7.7, the sentence is another hit taken by Samsung. Accordingly, Samsung Galaxy Tab 7.7 is banned in all EU countries.
Google Inc. plans to cut 20 percent of Motorola Mobility Holding Inc’s staff; 4,000 employees will lose their jobs in the near future, according to the source near Google Inc.’s top executives. Google Inc. bought Motorola Mobility this year.
Data shows that Apple Inc. is the world’s most valuable company. Apple Inc.’s market value jumped to $623 billion on Monday, beating the previous record set by Microsoft Corp. in the beginning of the Internet boom in 1999. Apple Inc. is listed on New York NASDAQ stock exchange, which informed that Apple Inc.’s shares were valued at $660.
Negotiations between Best Buy Co. Inc. and its founder Richard Schulze on taking the company private were terminated as Schulze rejected due diligence deal, according to Best Buy’s officials.As it has been stated by Best Buy’s officials, the company had shown “great flexibility” as it gave Richard Schulze 60 days to prepare a deal for the company and at the same time the opportunity to propose a buyout offer directly to shareholders from the beginning of 2013, the end of Christmas shopping season, if the board rejects his offer. According to a Best Buy’s statement, Richard Schulze did reject the company offer.
Apple Inc. has claimed that they are entitled to about 2.525 billion dollars as damage in their battle of high stakes against Samsung Electronics Co. The dispute has been over patents for the technologies that are used in the tablets and the smart phones, such as the iPad or the iPhone.
OnLive, the streaming firm, has announced a restructuring of the company due to ongoing financial problems. As it is said, the company had gone through a kind a bankruptcy. However OnLive declared that the company would continue operating under its own name and all the services would “continue without interruption”.
Cisco Systems Inc., the world’s largest maker of computer-networking equipment, has published its quarterly profit and sales. The company noted a sales increase of 4 percent as well as a gain in profit for its fourth-quarterly results. Even though Cisco was affected by the economic turmoil as other companies all over the world, its latest financial results show that company is strong enough to increase its dividend.
Lenovo Group Ltd., the world’s second largest PC maker by sales, reported a 30 percent gain in quarterly net profit compared with its financial results from a previous year because of strong growth in personal-computer shipments in emerging markets. However it noted a slowest growth in one-and-a-half years due to sluggish demand in Europe and North America. In addition, the growth slowed downed as a result of the global economic weakness.
Verizon Wireless has been allowed to proceed with its $3.9 billion purchase of airwaves from cable providers, including Comcast Corp. The Department of Justice approved the deal, however at the same time it decided to place some restraints on the companies’ marketing agreements.
In a bid to up Nokia’s sales again, the Finnish company has decided to team up with the new version of Windows, Windows 8 and has planned to launch a smartphone. This news comes as no surprise to the various sources spread across the country. Since Nokia has been hitting an all-time low in business for some time now and seeing that their competition are getting famous and ahead of them. This might have in a way triggered off the want to up the business again.
IPhone5 release is said to be coming soon according to some anonymous sources. However there is no official information about the iPhone5 launch; rumors have been circulating that probably the iPhone5 release will take place on 12th of September
Game developers Electronic Arts anticipate profits derived from the digital downloads of their games to overtake the sales of physical gaming software within the span of a couple of years and according to their chief operating officer, the company is now directing its attention towards increasing its range of products meant for mobile and free-to-play.
Richard Schulze, the co- founder of Best Buy Co. (BBY), has offered to buy the company and this way make it private. It would be the fourth-largest U.S. retail takeover it the history. Richard Schulze remains the electronics chain’s main investor. He has sent letter to the board with a purchase proposal of $24 to $26 a share, thus he valued the company at $9.5 billion including net debt.
Apple Inc. has said that Samsung Electronics Co. Ltd. made demands for a much higher patent royalty from Apple than what the maker of the iPhone pays to the other companies. The South Korea based company has sought for a rate that it had never sought before from any of its other licensee.
The Japanese corporation, Sharp is on the verge of going broke and the only choice left with the company to ensure its continued survival seems to be to give up its consumer business and openly accept a future as a supplier of components to Hon Hai Precision Industries, its affiliate based in Taiwan.
Japan based company; Toshiba Corp has made plans to cut down their production of flash memory chips by about 30% after facing problems of tumbling prices and oversupply of their chips. Toshiba is one standout performer among the battered chipmakers in the country of Japan.
The rise in the market of Lenovo, the maker of ThinkPad, reflects the advancement of the technological firms in China globally in the recent years. This is mainly due the combination of overseas acquisitions, aggressive pricing and their ways of taking advantage of the ever growing domestic market. Some analysts have however warned of the fact that the rapid gain in the market shares of Lenovo have come at the cost of its profit margins. The company however faces a slowing rate of growth in the market for the PCs and the tough rivals in the space of the tablet PC.
Apple Inc., termed as the most valuable company all over the world with regards to the New Gen technology has agreed to pay 60 million dollars to Proview Technology, a nearly bankrupt firm located in Shenzhen, China. By means of this payment, Apple Inc. has settled a legal dispute of nearly two years regarding the iPad trademark in the market of China. It was on June 25 that the terms and conditions for the settlement of this agreement had been reached.
Technology has driven our lives to such a great extent that life becomes unimaginable without one. Frequent advances and developments have taken technology usability to a higher level every time. Every new computer and mobile development has been a cutting edge. Among others, Microsoft has been in a techno war with itself. Each new invention is driven from an inspiration to create something better than the last one.
The world’s biggest mobile handset maker, Nokia Corp., has made heavy losses in the Q1. Nokia says that it has faced much greater than expected competition and challenges in its ongoing strategy revamp.