Imagination Tech CEO Steps Down; Warns of Operating Loss Imagination Technologies, a supplier of graphics technology to Apple, said its chief executive Hossein Yassaie had quit, departing as the British company warned it would make an operating loss this year. Non-executive director Andrew Heath had been appointed interim chief executive, the company said on Monday, adding that it would take ... Read More »
Google Assistant to Launch With Hinglish Support; Allo and Duo Availability Detailed HIGHLIGHTS Google Assistant to support Hinglish and English upon launch. Allo and Duo app to hit the market between June and September. Android N will be released earlier than ever. Even though Google unveiled a host of things at first day of I/O, there was little to no ... Read More »
David Drummond has a simple explanation for why Alphabet Inc., one of the more acquisitive technology companies, has been sitting on its hands for more than a year. “Have you seen the valuations?” Drummond, the corporate development chief for Google’s parent company, said in an interview after the Alphabet annual shareholder meeting June 8. That’s about to change as stratospheric ... Read More »
This Tiny Canadian Battery Company is Taking on Tesla, Panasonic, and Samsung HIGHLIGHTS Recent transactions by Electrovaya support the company’s meteoric rise Proprietary tech, protected by ~400 patents, gives the company an edge The Li-Ion batteries industry will be worth at least $250 billion by 2040 In the race to bring large-scale rechargeable batteries to the masses, there’s Tesla Motors ... Read More »
HIGHLIGHTS Cook’s accomplishments are on a long-term scale In Cook’s mind, the addressable market for the iPhone is 7 billion Smartphone market is slowing down and growing “saturated” All tech companies face a constant demand to innovate while also producing huge profits and sales growth. That means that Apple, the world’s largest company, is also one of the few that ... Read More »
Google Said to Shelve Plan for Project Ara Modular Phones HIGHLIGHTS Part of a broader push to streamline the company’s hardware efforts Google may work with partners to bring Project Ara’s technology to market Modular smartphones have generated great enthusiasm in the tech community Alphabet Inc’s Google has suspended Project Ara, its ambitious effort to build what is known as ... Read More »
US Slams EU, but Apple Tax Demand First Issued in Washington HIGHLIGHTS The US Treasury said Commission ruling endangers EU-US economic relations Amazon and McDonald’s are still being investigated A series of EU accusations that Google has abused its market power The United States is furious at the European Union for handing Apple a $14.5 billion tax demand on Tuesday ... Read More »
Intel Raises Revenue Forecast as PC Market Improves HIGHLIGHTS Intel struggling as tech users shift away from PCs to mobile phones Sales in the company’s PC business declined 3 percent to $7.3 billion Intel said it expected third-quarter revenue to be $15.6 billion Intel raised its quarterly revenue forecast for the first time in more than two years as suppliers ... Read More »
Intel Raises Revenue Forecast as PC Market Improves HIGHLIGHTS Intel struggling as tech users shift away from PCs to mobile phones Sales in the company’s PC business declined 3 percent to $7.3 billion Intel said it expected third-quarter revenue to be $15.6 billion Intel raised its quarterly revenue forecast for the first time in more than two years as suppliers ... Read More »
Samsung Galaxy Note 7 Fires Risk Hurting Demand for Other Products Kong Tse has seen first-hand how the global uproar over flammable Samsung Galaxy Note 7 smartphones is playing out with consumers. The 26-year-old, who hawks devices in the warrens of Hong Kong’s Wanchai Computer Center, says sales of the company’s handsets have tumbled 30 percent since the controversy began, ... Read More »
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