LG’s much-rumored G Flex will feature a 6-inch 720p curved display, according to specifications released Sunday by the company. Weighing in at 177 grams, the G Flex measures between 7.9 and 8.7 millimeters thick at various points along its vertical arc. The handset is powered by a 2.26GHz quad-core Snapdragon 800 processor and sports 2GB …
Read More »Steven Musil
Samsung’s profit surges on chip rebound, sale of cheaper phones
Samsung Electronics posted record quarterly earnings Thursday that were largely powered by a rebound in its semiconductor business that offset softening demand in the smartphone market. The South Korean electronics giant posted an operating profit of 10.2 trillion won ($9.6 billion) for the three-month period ended September, a 26 percent increase over the year-ago period and a 7 percent rise …
Read More »Samsung apologizes to Chinese consumers for handset flaws
Samsung issued an apology to Chinese consumers on Wednesday after China’s state-run media criticized the Korean electronics giant for selling handsets with allegedly faulty memory chips. The company offered to provide free repairs and extended warranties on seven models after a broadcast on the influential China Central Television on Tuesday reported how Samsung handsets, including the Galaxy S and Galaxy …
Read More »LG Electronics’ third quarter hurt by handset competition
LG Electronics announced Thursday that its third-quarter net income slid 34 percent due to price cuts and marketing costs associated with the launch of its latest flagship handset . The South Korean electronics maker reported net income of 108.5 billion won ($103 million) for the three-month period ended September 30, compared with 156 billion won ($147.7 million) for the year-ago …
Read More »BlackBerry: BBM downloads for iOS, Android hit 5M in 8 hours
BlackBerry’s BBM instant messenger service landed on Apple’s iOS and Google’s Android operating systems on Monday and the company says the app has already been downloaded 5 million times. The company announced the achievement in a Twitter post that alerted the “next 5 million” people that their turn to download the app was at hand. Next 5 million in line …
Read More »HTC reportedly working on smartwatch with camera
As interest in wearable computing increases, HTC is said to be working on a smartwatch that will snap photos. The struggling handset maker is expected to release an Android-based smartwatch with a camera by the end of next year, Bloomberg reported Monday, citing an unidentified person described as familiar with the matter. The report emerges a day after HTC CEO …
Read More »AT&T in $4.85B cell tower deal with Crown Castle
AT&T announced Sunday it has agreed to lease or sell the rights to 9,700 cell phone towers for $4.85 billion to Crown Castle International, which provides infrastructure for broadcasting and mobile telecommunications. Under the terms of the deal, Crown Castle will have the option to purchase 9,100 towers for $4.2 billion after the average lease term of 28 years expires. …
Read More »HTC CEO said to hand off duties to focus on reversing decline
The chief executive officer of HTC is handing off some of his duties to the company’s chairwoman and founder as the struggling handset maker fights to regain market share, the Financial Times reported Sunday. Peter Chou will temporarily relinquish some of his responsibilities to Cher Wang to focus on innovation and product development, in a bid to reverse a market …
Read More »Alcatel
Alcatel-Lucent plans to reduce its workforce by 10,000 jobs, or about 14 percent, in a cost-cutting effort to turn around the struggling network equipment maker, according to reports by European newspapers Monday. The company, which counted 72,000 posts among its global workforce in December, plans to cut 15,000 positions while creating 5,000 new jobs, according to Les Echos and Le …
Read More »BlackBerry accused of propping up stock with false claims
A BlackBerry shareholder has filed a lawsuit against the struggling handset maker and two of its executives, alleging they made false and misleading statements about the company’s financial health and the prospects for BlackBerry 10. In a lawsuit filed Friday in federal court in Manhattan, investor Marvin Pearlstein alleges the company misled investors last year by saying BlackBerry was “progressing …
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