Another round of sales of Xiaomi’s Redmi 1S smartphone will begin on Flipkart at 2PM today. It would be interesting to see whether the latest batch of Redmi 1S units are sold out in seconds, considering last week's sale of about 90,000 units took little over a minute to sell out. Around 300,000 customers had participated in the sale. Xiaomi India's Manu Jain had earlier suggested that it could be because of Diwali festivities. More →
Research In Motion is currently weighing every single option it can think of in an effort to reverse a negative trend that is approaching a boiling point for investors. Reports that RIM is currently in talks to license its software to other vendors are accurate according to our trusted sources, though we have been told that RIM is most likely leaning toward an outright sale of one or more divisions, or even the whole company. The front runner, we have been told by a trusted source with knowledge of the situation, is Samsung, which might be interested in RIM for a number of reasons.
Rumors again surfaced on Wednesday suggesting that Nokia plans to sell its smartphone business to Microsoft. Danske Bank, Denmark’s largest bank, issued a report to clients Wednesday morning that said Nokia will sell its smartphone division to Microsoft during the first half of 2012. Danske raised its rating on Nokia stock to Buy from Hold, and shares rose more than 3% on the news. Similar rumors first surfaced in May when an industry insider said Nokia and Microsoft were about to enter negotiations for a deal that could close before the end of 2011. Nokia immediately denied the rumor, though subsequent reports indicated that the two companies had in fact entered into discussions. ”We put these rumors to rest a long time ago,” a Nokia spokesperson said in response to Danske Bank’s new report.