Is there any substance to today’s rumor that Samsung is considering acquiring AMD? :: Read the full article »»»»
Revenue in the three months to March jumped by over 70 percent to $US2.5 billion, versus analyst estimates of $US2.35 billion. After costs, net profit came in at $US642 million.
Revenue from mobile ads made up almost 60 percent of the total earnings compared with 30 per cent the same time 12 months ago.
Facebook’s active users also grew, hitting 1.28 billion by the end of the period, with just over a billion of those users accessing the service on mobile devices.
However, while the growth in mobile users and ad revenue growth was viewed as a positive development, the company said its still has some way to go to make advertising content relevant to consumers :: Read the full article »»»»
Apple has been in a funk of late, it hasn’t truly done anything outstanding for close on 4 years. hard to believe it released iPad in 2010, since then the consumertech behemoth has been treading water.
According to Bloomberg, Apple is about to buy its way out of its funk with the imminent purchase of übercool Beats Electronics.
If indeed the deal does go ahead, it would mark the biggest acquisition for the company to date, $US3.2 billion.
The waters around the deal are still a little murky, however sources are saying the deal might be announced as early as next week. As part of the deal Apple will pickup both the hardware – headphones – and music streaming sides of Beats’ business.
Beats was founded by rapper Dr Dre and music producer Jimmy Iovine in 2008, the company employs around 300 :: Read the full article »»»»
Twitter has suffered a massive loss in its first published financial results since the social networks highly anticipated US stock market debut last year, and though the company might not have been surprised, punters took a different view, with shares dropping almost 25 percent in value.
Twitter told shareholders it lost $US511 million/$AU573 million in the last three months of last year, that’s despite a doubling of revenue from 12 months ago to a better-than-expected $US243 million/$AU273 Million.
Financials aren’t the only woes the micro-blog are suffering, Twitter seems to be testing a new heavier design and it’s users haven’t been receptive of the changes. The new layout is reported to include a look described by many as a cross between Facebook and Google plus. Format changes in the past – including their most recent small change – have upset a bunch of users :: Read the full article »»»»
Consumer tech-behemoth Apple Inc, has acquired 3D developer PrimeSense, it hasn’t however disclosed how it intends to use the new acquisition. PrimeSense is a developer who’s technologie allow devices to respond to their environment in three dimensions.
Apple purchased the Israel based company yesterday, tech-analysts believe the move indicates a shift toward more sophisticated gesture-control in Apples mobile devices, iPhone and iPad.
An Apple spokesman confirmed the purchase, however declined to say how much it spent or what the technology will be used for. Israeli media said Apple paid about $350 million for PrimeSense, whose technology powers the gesture control in Microsoft Corp’s Xbox Kinect gaming system :: Read the full article »»»»
Beleaguered smartphone maker Blackberry has abandoned it’s plans to find a buyer, instead the company says its chief executive will stand down after nearly two years in what has to be the toughest job in the techsphere.
Former software executive John Chen will serve as interim chief executive of the Canada-based firm, replacing Thorsten Heins. Blackberry has also announced plans to try and raise more than $US1 billion in fresh financing.
The announcement sparked a 16 percent plummet in Blackberry’s share price, raising fears the struggling smartphone maker is running out of options.
After a two-month review of strategic options and talks with potential buyers including Facebook and Lenovo, Blackberry says it will now completely abandon a sale :: Read the full article »»»»
Internet pioneer Yahoo has confirmed that it intends to purchase popular blogging website Tumblr for more than $AU1.1 billion. Analysts say the acquisition is part of an effort by Yahoo to connect with a younger, hipper crowd as part of its battle to revive an ailing audience, and to up the fight with rival search engine Google’s global domination.
Tumblr, which was founded in 2007 by a high school drop out, is now one of the web’s most popular social media sites. Yahoo has been searching through a range of possible acquisitions since the mighty Ms Mayer took the helm last year, vowing to revive the company, which has seriously wilted in the face of competition from Google.
Tumblr could be key to Yahoo’s strategy, its popularity with younger internet users is unsurpassed. A survey this year conducted by the online data group Survata found Tumblr more popular than Facebook among those aged 13 to 25. While Tumblr generates very little cash, bringing it in the Yahoo family could offer the potential for new advertising and other revenue sources :: Read the full article »»»»