Facebook doubles net profit in 2014 because of good business growth through mobile devices

By about 4 hours ago.

Facebook doubles net profit in 2014 because of good business growth through mobile devices

Facebook has exceeded analysts' predictions with annual results of double the net profit posted by the company a year earlier -- thanks to good business growth through mobile devices in 2014. More →
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Qualcomm sort of confirms Samsung Galaxy S6 will skip Snapdragon 810; shares drop by 8%

By about 4 hours ago.

Qualcomm sort of confirms Samsung Galaxy S6 will skip Snapdragon 810; shares drop by 8%

Samsung is widely expected to unveil the Galaxy S6 in March at its MWC event, and much of the rumors have been around the processor it will feature. Rumors would have us believe that it will feature a Snapdragon 810 chipset, but those have been replaced by reports about overheating issues. Now however Qualcomm has all but confirmed that Samsung’s forthcoming flagship may not feature the processor at all. More →
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Zomato acquires Turkey’s popular restaurant discovery service firm Mekanist in an all cash deal

By about 7 hours ago.

Zomato acquires Turkey’s popular restaurant discovery service firm Mekanist in an all cash deal

Online restaurant guide Zomato has acquired Turkey's popular restaurant search and discovery service firm Mekanist in an all cash deal for an undisclosed sum. Post this acquisition Zomato's restaurant coverage will increase from about 27,500 restaurants in Istanbul and Ankara to more than 50,000 restaurants across Turkey. More →
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Mashable raises $17 million led by Time Warner Investments

By about 8 hours ago.

Mashable raises $17 million led by Time Warner Investments

Mashable today announced it has raised $17 million in Series B round of funding, led by Time Warner Investments. The money generated will be invested to create video and other digital content, and also to hire at least 100 employees to bolster its editorial and marketing teams. More →
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Xiaomi set to launch ‘Mi.com’ to sell smartphones through own e-commerce portal in India

By about 9 hours ago.

Xiaomi set to launch ‘Mi.com’ to sell smartphones through own e-commerce portal in India

Chinese handset maker Xiaomi will start selling smartphones in India later this year through its own portal as it looks to beef up its presence in one of the world's fastest growing devices market. More →
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To compete with Uber in India, Olacabs may buy TaxiForSure for $200 million

By about 10 hours ago.

To compete with Uber in India, Olacabs may buy TaxiForSure for $200 million

Olacabs is reportedly buying TaxiforSure for an amount close to $200-250 million. This will valuate the company close to $2 billion and will make it the biggest competitor to international player Uber in India. More →
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Sony to cut 1,000 more jobs in the smartphone division

By on January 28, 2015 at 11:38 AM.

Sony to cut 1,000 more jobs in the smartphone division

It is no secret that Sony is navigating troubled seas and has already undergone some “Cutting the corners” to remain operational. Reuters is reporting that Sony Corp has plans to lay off another 1,000 jobs in its smartphone division in Europe and China. This is not surprising especially after considering the fact that Sony CEO Kaz Hirai had already hinted last year that the company could be open to selling off the smartphone division. More →
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Apple announces record Q1 2015 earnings, 6 key takeaways

By on January 28, 2015 at 11:11 AM.

Apple announces record Q1 2015 earnings, 6 key takeaways

Apple reports quarterly revenues of almost $75 billion and profits of $18 billion (world record for profits in a single quarter). The company is expected to post annual revenue of $300 billion and profits of almost $100 billion in 3-4 years. Its share of revenues the iPhone in the December quarter was $51.182 billion.  In comparison, Microsoft reported revenues of $26.47 billion. There is a very good chance that the revenue from the iPhone will exceed the combined revenues of Google and Microsoft for the same quarter. More →
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Microsoft reports FY15 Q2 earnings; record 10.5 million Lumia sold, Surface brings over $1 billion revenue

By on January 27, 2015 at 6:11 PM.

Microsoft reports FY15 Q2 earnings; record 10.5 million Lumia sold, Surface brings over $1 billion revenue

Microsoft’s financial performance in the second quarter of its fiscal 2015, which was reported late last night, reveals several interesting bit of information about the company’s hardware lineup and how well they have been selling in the market. The company announced that the sales of Lumia devices were strong in the last quarter, but despite that it didn’t manage to reap as many profits. The Surface tablets, on the other hand, have shown a tremendous growth and brought in more revenue to the company. More →
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