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Business, Financial & Legal Posts - Page 1

LeEco's crash in the US leaves hundreds unemployed

By: Lana Jelic | More News: Business, Financial & Legal | Posted: 2 days, 21 hours ago

Chinese smartphone manufacturer LeEco has announced that they will cut over 300 jobs at its US business, which is around 70% of its local force.

 

The cuts are being made to increase the company's investments in its home market. Last year, Jia Yueting said that the expansion to the US market had been too quick and costly.

 

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The company made a bold entry into America, but they failed to market itself appropriately, which resulted in this situation. Additionally, they failed to secure additional funds to continue growing the US operations at their current capacity which led to the layoffs.

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Uber Freight: Uber for long-haul truckers

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: 1 week ago

Uber has just unveiled its new spin-off to its ride-sharing service, something it is offering long-haul truckers: Uber Freight.

 

 

Uber Freight looks like it'll be very similar to Uber, but a truck driver can select a load to pick up in the app, work out the payment method, destination, and deadline. Within seconds, the truck driver receives the confirmation, and away they go. Uber explains: "We take the guesswork out of finding and booking freight, which is often the most stressful part of a driver's day. What used to take several hours and multiple phone calls can now be achieved with the touch of a button".

 

Truck drivers are protected with Uber promising payment within 7 days, and unlike normal Uber, the company won't be charging Freight drivers their normal commission. Uber Freight is available to both iOS and Android devices, with truck drivers requiring the right insurance, license, and equipment - of course.

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Qualcomm and Microsoft taking over the world at Computex

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: 1 week, 1 day ago

If there was something that I'm excited for at Computex 2017 beyond my addiction to GPU technology with AMD showcasing their Radeon RX Vega graphics card at the show, it would be the curious party invitation from Qualcomm.

 

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The invitation I received is to a joint Qualcomm + Microsoft shindig, where they're asking the press to "join us under the stars at Computex 2017". The rest of the invite reads: "munch, mingle, and raise a glass to celebrate the growing ecosystem that will bring an out-of-this-world mobile PC experience to the masses".

 

Interesting. Very, very interesting.

 

It would seem that Qualcomm and Microsoft could reveal the next big thing in mobile PC technology, with a Snapdragon-powered full Windows 10 system, all in the palm of your hand.

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Qualcomm slaps Apple by suing iPhone manufacturers

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: 1 week, 3 days ago

Qualcomm is hitting Apple in a totally new way starting today, with the mobile giant suing four of Apple's Taiwan-based contract manufacturers: Foxconn, Compal, Wistron, and Pegatron.

 

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Forbes reports that Qualcomm is suing these four manufacturers for not paying royalities to Qualcomm for the patents on its smartphone tech, including IP on cellular modems - you know, 3G/4G are a big thing. Don Rosenberg, Executive Vice President and General Counsel of Qualcomm said: "It is unfortunate that we must take this action against these long-time licensees to enforce our agreements, but we cannot allow these manufacturers and Apple to use our valuable intellectual property without paying the fair and reasonable royalties to which they have agreed".

 

Qualcomm has accused Apple of "strong arming" the contract manufacturers to stop paying the licensing fees they legally owe Qualcomm, which is a breach of the contract between Qualcomm and the manufacturers. Qualcomm adds that Apple has promised to contribute towards any damages that the contract manufacturers are hit with, as a result of them not paying Qualcomm's royalty fees.

 

Rosenberg continued: "As Apple continues to collect billions of dollars from consumer sales of its Qualcomm-enabled products, it is using its market power as the wealthiest company in the world to try to coerce unfair and unreasonable license terms from Qualcomm in its global attack on the company. Our license agreements with Apple's manufacturers remain valid and enforceable. The manufacturers must continue to live up to their obligations under these agreements and Apple should immediately cease its tortious interference".

 

I talked to Founder & Principal Analyst of Moor Insights & Strategy, Patrick Moorhead, and he said: "Apple does not have an IP license with Qualcomm, but rather Qualcomm has IP licenses with Apple's ODMs, so it makes sense that Qualcomm would need to sue the ODMs for payment due to their breach of contract. As immersed as the larger dispute between Apple and Qualcomm is in IP, the suit between Qualcomm and Apple's ODMs is about breach of contract due to non-payment which, ironically, is slated to be heard in San Diego, Qualcomm's home town".

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Star performer: OPPO R9s the best selling Android in Q1

By: Lana Jelic | More News: Business, Financial & Legal | Posted: May 12, 2017 9:26 pm

We recently reported that Chinese smartphone manufacturers are growing, especially Huawei, OPPO, and vivo. One of those companies has another reason to celebrate.

 

If asked "what was the best selling Android smartphone in Q1 2017", many would think of Samsung's smartphones, but they would be wrong. The clear winner, when it comes to Android phones, is OPPO with its R9s device.

 

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According to the latest research from Strategy Analytics, OPPO R9s was the star performer in the first three months of this year with 8.9 million shipped units.

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HTC reports 9% revenue decline in April, 6.4% drop YoY

By: Lana Jelic | More News: Business, Financial & Legal | Posted: May 11, 2017 2:33 pm

HTC has reported their monthly revenue for April 2017, and it doesn't look good. The company marked a 9.29% decline in revenue compared to March and 18.03% decline compared to the same month last year.

 

HTC's revenue for April 2017 was NT$(Taiwan New Dollar)4.71 billion or $155 million. The total of revenue for this year is NT$19.24 billion or $625 million, which means that the revenue dropped 6.45% compared to the first four months of 2016.

 

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It seems that the HTC U Ultra and HTC U Play sales aren't that great, and they aren't helping the company to get back on track. The two phones were launched in January, but many were left disappointed with the last year's processor and a steep price that can be compared to the price of Snapdragon 835 powered Galaxy S8.

 

In March, the company announced their previously teased "big surprise" - a limited edition of the U Ultra with a sapphire glass screen and 128GB of internal storage. However, the Taiwanese company set a steep price for the device - $946, which is around $200 more than the regular U Ultra. This means that for almost $1000 you'll get a phone with a Snapdragon 821, 4GB of RAM, 12MP main camera, 16MP selfie shooter, and 3,000 mAh battery.

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Apple buys sleep-tracking app and hardware maker Beddit

By: Lana Jelic | More News: Business, Financial & Legal | Posted: May 11, 2017 1:22 pm

Apple has acquired a sleep tracking app and hardware maker Beddit. The Finnish startup posted this news to their website adding that users personal data will be collected, used and disclosed under the Apple Privacy Policy.

 

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The terms of the acquisition were not disclosed.

 

The Finland-based company was founded in 2007 and in late 2015 they launched their products in Apple stores. Their latest product, Beddit 3 Sleep Monitor, automatically tracks your sleep and works with the Beddit app on your iPhone or iPad to help you achieve better sleep.

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Global iPhone 7 prices vary from $815 to $1200

By: Lana Jelic | More News: Business, Financial & Legal | Posted: May 10, 2017 5:26 pm

Deutsche Bank has published its annual "Mapping of the World's Prices" report in which strategist Jim Reid compares prices of common items in global cities.

 

The iPhone 7, launched in September last year, also made its way onto this list. Reid compared the prices of the iPhone 7 with 128GB of internal storage in 33 countries around the world. The prices are sourced from official Apple store websites, or online retailers and news websites if the official prices via Apple store weren't available.

 

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According to the report, Turkey is the worst place from the surveyed countries to buy an iPhone since its price there is $1,200. Turkey has replaced Brazil on top of the list of the most expensive places to buy an iPhone.

 

Brazil was on top of this list last year. However, it didn't escape far on this year's list. The report puts Brazil on the second place with iPhone 7 priced at $1,115.

Continue reading 'Global iPhone 7 prices vary from $815 to $1200' (full post)

NVIDIA boss will not have an office in their new HQ

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: May 10, 2017 4:22 am

GTC 2017 - NVIDIA has been constructing its new headquarters for a while now, and we're still 5 months away from completion so that their 2500 employees can have a new home to work.

 

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The company has spent $370 million on the new HQ, which spans 46,500 square meters, and is split into two floors. The entire building is centralized, which has all of the underground garage through to the toilets being accessible from the center of the building. NVIDIA did this, so that they could "capture the energy and the buzz of the company".

 

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NVIDIA has watercooled the entire building, where they're using recycled water that will be piped into a tower sunk under the roof of the building, and will cool the building through "an evaporation system with three giant fans". NVIDIA CEO and founder Jensen Huang will not have an office, and will work across different buildings in various places instead.

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NVIDIA sees 48% leap in quarterly revenue

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: May 10, 2017 2:25 am

NVIDIA has come out swinging with its quarterly financial report yet again, with the company seeing a huge 48.4% increase in quarterly revenue, thanks to the never ending demand for its GPUs that are used in gaming PCs, cloud computing, AI, the data center world, and more.

 

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NVIDIA's future HQ

 

NVIDIA's data center revenue saw nearly double the revenue in Q1 2017 up to $409 million, beating analysts' expectations of $318.2 million, according to FactSet. Chief Financial Officer Colette Kress said: "All of the world's major internet and cloud service providers now use NVIDIA's Tesla-based GPU (graphics processing unit) accelerators".

 

Total revenue jumped from $1.31 billion to $1.94 billion, beating analysts' expectations of $1.91 billion. NVIDIA's gaming division rose a huge 50% to $1.03 billion, which accounted for 53% of NVIDIA's total revenue for Q1 2017 - but didn't quite reach analysts' expectations of $1.11 billion.

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