Nokia’s Chennai plant not a part of the Microsoft deal, to shut shop tomorrow

By about 58 mins ago.

Nokia’s Chennai plant not a part of the Microsoft deal, to shut shop tomorrow

Eight years after it came into being as one of the world's largest mobile manufacturing facilities, Finnish telecom major Nokia's Chennai plant is all set to suspend operations from tomorrow due to its exclusion from the Microsoft-Nokia deal. More →
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Sony reveals nearly $1 billion net loss in Q3, will replace smartphone operations head and cut 1000 jobs

By about 3 hours ago.

Sony reveals nearly $1 billion net loss in Q3, will replace smartphone operations head and cut 1000 jobs

On the eve of the latest financial results announcement, Sony said it would replace the head of the smartphone operations Kunimasa Suzuki with Hiroki Totoki, a Sony finance and planning executive. More →
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Xiaomi poaches Donovan Sung from Spotify to lead international product development: Report

By on October 30, 2014 at 7:03 PM.

Xiaomi poaches Donovan Sung from Spotify to lead international product development: Report

With Xiaomi becoming on of the top-five smartphone vendors in the world, it is not surprising that the company wants to hire top-level talents. According to TechCrunch, the Chinese company has poached Donovan Sung from Spotify. More →
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WhatsApp founders Jan Koum and Brian Acton own $9 billion in Facebook stock

By on October 30, 2014 at 6:31 PM.

WhatsApp founders Jan Koum and Brian Acton own $9 billion in Facebook stock

WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly USD 9 billion when they sold their unprofitable messaging service to the social networking leader earlier this month. More →
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Airtel Q2 net profit shoots up to Rs 1,383 crore

By on October 30, 2014 at 5:57 PM.

Airtel Q2 net profit shoots up to Rs 1,383 crore

Bharti Airtel, country's largest mobile operator, today reported nearly three-fold jump in consolidated net profit to Rs 1,383 crore for the second quarter ended September 30, 2014 on the back of higher mobile data revenue. The company had reported a net profit of Rs 512 crore in the corresponding period of last fiscal, it said in a statement. More →
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Samsung vows changes after mobile profit plunges

By on October 30, 2014 at 5:48 PM.

Samsung vows changes after mobile profit plunges

Samsung admitted erring in its smartphone strategy and vowed to overhaul its handset lineup after profit from those devices tumbled last quarter to the lowest in more than three years. The South Korean company, which climbed from smartphone laggard to top seller in the past three years, had prided itself on responding quickly to market demand and ability to tailor handsets to the needs of users and mobile carriers around the world. More →
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Lenovo completes $2.91 billion acquisition of Motorola from Google

By on October 30, 2014 at 5:13 PM.

Lenovo completes $2.91 billion acquisition of Motorola from Google

After ten months of official announcement, Lenovo has confirmed that it has finally completed its $2.91 billion acquisition of the Motorola handset unit from Google today. In an official statement, the company states that with the acquisition of the Motorola brand and it's smartphone portfolio like Moto X, Moto G, Moto E and the DROID series, as well as the future Motorola product roadmap, Lenovo is now positioned as the world’s third largest maker of smartphones. More →
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Twitter, IBM join forces on business data analytics

By on October 30, 2014 at 2:43 PM.

Twitter, IBM join forces on business data analytics

American multinational IBM and micro-blogging site Twitter have forged a key alliance, where Twitter data would be used to solve business problems via IBM's cloud-based analytics platform. This alliance will let enterprises incorporate Twitter data into their decision-making through an established set of IBM tools, solutions and consulting services, Twitter announced in a statement. More →
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Here’s why Facebook is a mobile first company

By on October 29, 2014 at 7:30 PM.

Here’s why Facebook is a mobile first company

Facebook has revealed that nearly 864 million users accessed the social networking site every day in September, out of which 703 million users accessed it on their mobile phones. In its third quarter earnings report, Facebook also revealed it now had 1.35 billion monthly active users, out of which almost 83 percent or 1.12 billion users came from mobile phones. Facebook's revenues from mobile advertising now accounts for 66 percent of advertising revenue in the quarter, up from approximately 49 percent in the same quarter last year. More →
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