Microsoft is suing Samsung for $6.9 million, which the software giant says is unpaid interest that is owed to it by Samsung. The latter apparently felt that Microsoft's purchase of Nokia's Devices and Services unit was a breach of contract. The contract called for Microsoft to be paid a royalty for each Android phone and tablet produced by the Korean manufacturer over the course of a year.
While Samsung did eventually pay the $1 billion it owed Microsoft last year, the crew in Redmond said that the payment was late, and as a result it is owed the $6.9 million in interest on the $1 billion. The deal was agreed to back in 2011 and runs for seven years. It also includes a cross-licensing pact between the two firms.
Snapchat is one of the most popular messaging servicess among the teens. It's been around for over three years now and even though it's yet to monetize its user base, things are going very well for it. There were even rumors Snapchat refused acquisition bids from Facebook and Google worth $3 to $4 billion.
It seems the Snapchat CEO was right to turn those offers, if real. The company is estimating its value at $10 billion as it prepares for another round of financing.
Apparently Yahoo is very close to investing $20 million into Snapchat. It has done such investments before and they turned into billions of profits later.
Google Chrome is now the No.1 browser in the Play Store as the most popular web browser in the Android Platform. Chrome has just officially reached more than "1 BILLION" installs on the Play Store.
While induction into this elite group hasn't been quite as impressive since membership hit the double digits, Chrome is among the first of Google's apps that doesn't owe all of its success to pre-installs. The first beta release of Chrome came in early 2012 and only supported Android 4.0 Ice Cream Sandwich. At this time, ICS was still new and only a handful of devices were shipping with it. There were still brand new phones launching with Gingerbread.
It wasn't until several months later that Chrome would come pre-installed for the first time on the original Nexus 7 running Android 4.1 Jelly Bean. Most manufacturers continued to stick exclusively to their own "stock" browsers until 2013, when many of them started to include both two browsers.
Jurassic World 2015 movie was released more than a month ago starring Pratt, 36, and Howard, 34 in an epic movie that continues the events from the last Jurassic Park movie. The movie has already earned $1.5 Billion in the box office worldwide.
After this huge success, Universal Pictures decided to release a sequel, Jurassic World 2 will hit theaters on June,22nd 2018. Spielberg will return as an executive producer and Jurassic World screenwriters Derek Connolly and Colin Trevorrow, who also directed the film, will pen the script to the sequel. An official title for the sequel has not been revealed.
Two of the biggest European communication companies are merging, Today, Nokia will officially acquire Alcatel-Lucent in an all-share transaction valued at €15.6 billion. The deal has been approved by the Board of Directors of each company and is expected to close in the first half of 2016, pending approval by Nokia's shareholders, regulatory bodies and other considerations.
It's important to note that Alcatel-Lucent is not connected to the Alcatel phones other than by name, AL manufactures networking equipment similar to Nokia Networks. With their forces combined, the two will tackle the development of 5G tech, the Internet of Things and the increased reliance on cloud services.
In 2014 there were 40,000 R&D employees (20,000 of which from AL) working on a budget of €4.7 billion combined. Both have strong presence in the US, Europe, China and the Asia pacific and work on anything from core networks to cell networks. For last year, the combined sales of the two companies comes out to €25.9 billion with a non-IFRS profit of €2.3 billion.
The company will be called Nokia Corporation and keep the headquarters in Finland (but with a strong presence in France). Current Nokia CEO Rajeev Suri will keep his postion in the new company, Chairman Risto Siilasmaa will keep his post too.
Samsung has made it official today that the company expects to lose over $3 billion (3.5 trillion WON) during the remainder of this year and the first quarter of the next. However, the South Korean electronics giant is hopeful that it will get back on its feet from the second quarter of 2017. As you can guess, that expectation is largely based on the success of the Galaxy S8, which will be released around that time.
Q4 2016 alone is estimated to cost Samsung a whopping $2.2 billion dollars in losses. Things will brighten up a bit in Q1 2017, as Samsung will expectedly see a less daunting drop in profits with a loss of $800 million. Now that the Note 7 is gone for good, they will be manufacturing and marketing the S7 and S7 Edge with renewed vigor to make up for at least some of the losses.
What remains to be seen is how much the Note 7 incident will affect the Samsung name as a trusted brand. To focus on this point in particular, it was stated at the end of the report that the company will prioritize, "enhancing product safety for consumers by making significant changes in its quality assurance processes."
Saikat Kar (tech-enthusiast)
Reuters reports that Samsung is planning to invest the gargantuan $14.7 billion in a new chip-making factory over the next three years. That's the biggest investment the company has ever made into a single plant.
According to Samsung's plans, the plant is going to be built in Pyeongtaek, which is 75 km south of Seoul and create 150,000 jobs. Interestingly, the company hasn't made a final decision yet on whether the factory will create processors or memory chips.
But with Samsung estimating the new factory is going to be finished by the second half of 2017, there's a lot of time to make this decision. Rumors suggests Samsung is going to be making the upcoming Apple A9 chip, which will go into the company's future phones and tablets.
For those of you who don't know it already, Samsung Display is a division of Samsung Electronics that supplies panels to multiple manufacturers all over the world. Their clientele includes Apple, Huawei, Oppo, Vivo and of course, Samsung's own internal departments. Apparently, Samsung Display's recent flexible OLED sales to the aforementioned Chinese OEMs have reached brand new heights as this sub-division of the South Korean giant is boasting of a sales figure that amounts to a sum of over 1 billion USD in Q3, 2016. The fact that ONLY Samsung Display makes the 6th-gen A3 flexible OLED panels is largely responsible for the impressive sales number.
In a report by IHS Market, both the small and mid-sized display business is dominated by Samsung Display with an astounding market share of 96.2% in Q3, 2016. In the entire display business, Samsung maintains the lead with a share of 31.8%, while Japan Display Inc. (JDI) comes in as a distant second and a market share of 15.4%. LG is at the third position with a respectable 13.1% share of the business.
Saikat Kar (tech-enthusiast)
You may probably use the Cyanogenmod made by Cyanogen Inc. on your Android Smartphone. According to a report in The Information, Cyanogen Inc. rejected acquisition interest from Google. Google's Android chief, Sundar Pichai reportedly discussed the search giant's interest in the small company in a recent meeting with its top brass.
Instead of becoming part of Google, Cyanogen is in late-stage discussions for Series C round of financing. The company is seeking a valuation that is close to $1 Billion, despite the fact that it is barely generating revenue.
Potential Cyanogen investors have reportedly been told that the company has struck a deal with the Indian manufacturer Micromax. The latter's smartphones will be outfitted with custom Android ROMs, a la OnePlus One as part of the agreement.
Oracle is a database company that had sued Google back in 2010 for alleged copyright infringement on Java APIs. Google on the other hand, had held that APIs cannot be copyrighted and therefore, are exempt from the alleged violations. Things did not go in favor of the search engine giant as Oracle won the lawsuit in 2014. Google took the fight to the highest level at the Supreme Court, but once again, the earlier court decision remained in effect without change.
Although Oracle did win the case against Google, the amount of compensation that Google must pay to Oracle is still being decided. As the six year long fight between the two corporations continue to rage on, Oracle's attorney has recently claimed that Android has turned up a revenue of about $31 billion and a profit of roughly $22 billion for Google so far.
Google does not like to go public with their financial reports in respect to Android. Therefore, this revelation is in direct conflict with their business policies. Google responded to this by stating that the "extremely sensitive" financial information was revealed to the attorney for legal purposes only and its public disclosure could impact their business in a negative way. The attorney in question however, has pointed out "the extraordinary magnitude of commerciality," via the disclosure.
A total of 1 Billion Android devices shipped over the last year (2014) alone, as reported by Strategy Analytics. The analyst firm estimates 1.3 billion smartphones were shipped in 2014, of that over 1 billion ran Android (this works out to 81% market share).
Smartphone shipments grew 30% compared to 2013 (from 1B to 1.3B). Androids alone went from 0.8B to 1B in that period, while iOS lost some ground in terms of market share. It still shipped around 193 million devices, up from 153 million units in 2013.
The third horse in the race, Windows Phone, kept pace with the growth of the market and stayed at 3% share (shipping just under 39 million units).
One of the first things that Google announced at its big event today is that Android just keeps on growing. Google CEO Sundar Pichai said on stage that at the moment, there are more than 1.4 billion active Android devices in the world. "Active" in this context means that they've been used within the last 30 days.
This number is up 40%, from 1 billion, back in June of 2014. Keep in mind that this doesn't represent the total number of Android devices that were ever sold, it's just those that are still active, or have been so in the last month.
The Google Play Store is now being used on more than 1 billion devices. Again, this means 1 billion phones and tablets have used Google's content store in the last 30 days. So it appears that the Play Store either isn't installed or simply isn't used on a staggering 400 million devices out there.
Microsoft has purchased gaming company Mojang, the creators of Minecraft, for the cool $2.5 billion. The company shares that its partnership with the game maker began when the two discussed the Xbox One version of the game.
Since Minecraft's launch in 2009, it has been downloaded by more than 100 million users. As Xbox boss Phil Spencer states, Microsoft will continue to make Minecraft available across non-PC and Xbox platforms, such as iOS, Android and PlayStation.
"Minecraft quickly became the top online game on Xbox Live, with over two billion hours played on Xbox 360 in the last two years. That working relationship set the ground work for other opportunities," he added.
Minecraft creator Markus Notch Persson allegedly doesn't want to deal with such a large and global project that Minecraft has become for the past 5 years. That's one of the reasons he, as the majority stakeholder of the company, wanted to sell it. The rest of the co-makers of the game, Carl, and Jakob, are also leaving the company.
The British company, Hutchison Whampoa, which owns the UK carrier Three "3", is considering a purchase of Telefonica's carrier O2 UK for around 9 billion pounds which is about $13.6 billion, according to a report from The Sunday Times, which also notes that talks are at an early stage, and nothing is yet confirmed.
A deal makes sense for both companies given that Hutchison is looking to expand in Europe, while Telefonica is in need of cash to help pay down its debts. The latter even came close to selling O2 UK to BT last year, but the deal didn't go through as the telecommunications giant eventually agreed to acquire EE.
In addition, Three's acquisition of O2 would also make it the biggest carrier in the UK it is currently the fourth largest network in the country. However, any such deal between the two could cause regulatory concerns as it would bring down the number of major mobile operators in the UK from four to three.
Apple is back at doing what they do best and it isn't making iPhones unfortunately! In a brand new legal war that the Cupertino giant has declared on the mobile chip maker, they are claiming that Qualcomm has not paid its due bills to Apple. Additionally, Apple also claims that Qualcomm has been charging Apple for patents that the company has no relation to.
According to the official statement detailed in the lawsuit, Qualcomm receives royalty payments for "older, legacy, standards," on which Apple's displays, cameras and even the TouchID may have been built on initially. Apple further states that the irrelevant patent claims are costing Apple, "at least five times more in payments than all the other cellular patent licensors we have agreements with combined."
Secondly, they had started an investigation into Qualcomm a while back, which involved co-working with government law enforcement agencies. Somewhere during the course of this investigation, Qualcomm ended up with a due payment of $1 billion, which they have not yet acknowledged.
In response to these allegations, this is what Qualcomm had to say:
"While we are still in the process of reviewing the complaint in detail, it is quite clear that Apple's claims are baseless. Apple has intentionally mischaracterized our agreements and negotiations, as well as the enormity and value of the technology we have invented, contributed and shared with all mobile device makers through our licensing program. Apple has been actively encouraging regulatory attacks on Qualcomm's business in various jurisdictions around the world, as reflected in the recent KFTC decision and FTC complaint, by misrepresenting facts and withholding information. We welcome the opportunity to have these meritless claims heard in court where we will be entitled to full discovery of Apple's practices and a robust examination of the merits." - Don Rosenberg, executive vice president and general counsel, Qualcomm Incorporated.
It is to be noted that Qualcomm is already facing an earlier charge for anti-competitive practices from the US Federal Trade Commission, which was made against the company just a few days back.
Saikat Kar (tech-enthusiast)