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Huawei reckons US ban will cost its phone division $10 billion

Huawei said the impact of its blacklisting by the US Commerce Department would be less than it previously estimated, Reuters reported Friday. Eric Xu, deputy chairman of the controversial Chinese phone maker, told reporters the company expects a sales reduction of $10 billion for its phone division. In June, CEO Ren Zhengfei predicted that it’d lose $30 billion. “It seems …

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Sphero acquires Littlebits, consolidating the educational tech landscape

Your future school and home STEAM toy selection has compressed: odds are, it’ll be made by Sphero. Two of the biggest players in the educational electronics space are merging. Sphero has acquired Littlebits, with plans to possibly move into new product territories, the company announced this morning. Littlebits, founded in 2011, sells a number of connected and programmable kits using …

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