Displaying items by tag: business
The market value of SoftBank Group, Uber’s biggest stakeholder, has decreased by $16 billion following Uber’s disappointing initial public offering.
Vodafone, the British Telecom giant, announced Tuesday its losses for the fiscal year which ended in March 2019 of 7.6 billion Euros ($ 8.5 billion).
Spotify recently made an official complaint against Apple to the European Commission, accusing it of anti-competitive behavior and their complaints have now warranted an investigation.
The UAE has adopted a new national AI strategy in the hopes of establishing a brand of artificial intelligence within the nation.
US electronics behemoth Intel has made the decision to withdraw from the 5G smartphone modem business following the unlikely resolution agreement that was brokered between Qualcomm and Apple.
Apple and Qualcomm managed to settle the dispute between both parties over royalty payments and reached a deal ahead of fresh court case that was set to get underway in San Diego next week.
The modems that connect smartphones to telecommunications networks were at the heart of the battle between Apple and Qualcomm. Following the announcement the dispute had been resolved Intel wasted no time in exiting the 5G smartphone modem business.
Intel had clearly recognized and identified that there was an opportunity for them to capitalize on the dispute between Apple and Qualcomm, and then Apple had turned to Intel before reaching the agreement with Qualcomm.
The lawsuit was expected to be a protracted legal battle, but after the unlikely resolution it’s expected that Apple and Qualcomm will now become partners again before there fall out in 2017.
Intel issued a statement in which it indicated that it would complete an assessment of the opportunities for 4G and 5G modems in PCs, Internet of Things devices and other data-centric devices while pursuing investment opportunities in its 5G network infrastructure business.
CEO Bob Swan insisted that 5G will remain a key focus for the US electronics conglomerate and said its diverse portfolio of products will help them to become a major player in the 5G space.
Swan said, “5G continues to be a strategic priority across Intel, and our team has developed a valuable portfolio of wireless products and intellectual property. We are assessing our options to realize the value we have created, including the opportunities in a wide variety of data-centric platforms and devices in a 5G world."
The company also added that it would meet commitments to customers for its existing 4G smartphone modem product line, though it has no plans to launch 5G smartphone modem products, including those previously set to premiere in 2020
Currently under deployment, ultra-fast 5G wireless networks require terminals that are equipped with 5G models and specific network infrastructure.
Spotify has filed a complaint against Apple to the European Commission. Spotify claims that Apple gives itself an “unfair advantage at every turn” as it takes a 30 per cent cut of digital goods sold via iOS apps.
Manx Telecom has announced that it has received a takeover offer worth £255m pounds from Basalt Infrastructure Partners LLP.
A new report from analyst group Dell’Oro showed that Huawei holds 29 per cent of the Telecom equipment market which puts it in a position ahead both Nokia and Samsung. The Chinese vendor’s market share has increased by 8% since 2013.
In 2018, Huawei dominated the race, leading Nokia, Ericsson, ZTE, Samsung and Ciena as the primary equipment manufacturer. Dell’Oro found that all these companies combined possessed around 80% of the global market revenue of service provider equipment.
The market grew by a steady 1 per cent in 2018, after three years of decline. This growth is due to an increased demand in broadband access, optical transport, microwave and other mobile technologies. However, Huawei is the only vendor in the market that is experiencing consistent growth. Indeed, ZTE declined by a great deal and other primary vendors have remained in the same position.
Huawei is also at the top of the market in terms of wireless packet core (WPC).
Senior analyst at Dell’Oro Group Dave Bolan said: “The modest growth of the WPC market in 4Q 218 was due to the 4G Evolved Packet Core (EPC) technologies that service providers are using for 4G networks, but also for EPC use in upcoming 5G network deployments.” He added: “For 2018 WPC market shares, Huawei was the number one vendor based on revenues: however, Ericsson retained its first-place ranking for the EPC market that was the largest sub-segment of the wireless packet core market.”
Last week, the telecoms industry gathered in Barcelona for MWC where an abundance of discussions were around 5G. EE, Qualcomm, and OnePlus launched ‘5G Apps of Tomorrow’ and the GSMA found that by 2025, 15 per cent of all mobile connections would be powered by 5G.
South Korean conglomerate Samsung has suffered a blow following the announcement that the CEO of Samsung Electronics in North America has decided to retire.
Tim Baxter has been with the company for over 12 years and has played a pivotal role in establishing Samsung as a powerhouse in the North America ICT market in his role as CEO.
Baxter has shown incredible leadership and vision and as ensured Samsung’s products has resonated with American consumers. He announced his decision to retire in a LinkedIn post, and confirmed that he pass the reins to his current deputy in North America Young Hoon Eom.
Samsung confirmed the departure in an official statement to Mobile World Live and placed on record its sincere thanks to Baxter who they described as an ‘exceptional business leader’ that has helped define Samsung as a pioneering innovator in the consumer electronics industry.
Baxter joined Samsung as EVP of sales and marketing for consumer electronics in 2006, and held various leadership positions before being appointed to his current post in July 2017. The role gave him full autonomy of Samsung’s $30 billion consumer and enterprise businesses in the US and Canada, including oversight of teams across mobile, consumer electronics, home appliances, customer care, services and new business.
The move comes at a pivotal moment as mobile operators across the US and Canada, start the transition towards the deployment of 5G. All four tier-one US operators have confirmed that they are working with Samsung on 5G handsets set for release in the first half of 2019.
Q2 growth for tablets and business smartphones was up slightly this year, as the market shows signs of a rebound, according to research by Strategy Analytics. Business smartphone shipments grew 14.8 percent year-on-year to reach 107.1 million units in Q2, up 6.1 percent sequentially from Q1. Tablets reached 17.3 million units in Q2, up 7.5 percent from Q1.
While Q2 2017 showed signs of an increase on a slower first quarter, suggesting signs of an improvement for the remainder of the year, the outlook still remains volatile, according to Strategy Analytics, with longer replacement cycles and GDPR (general data protection regulation) likely to impact the market over the short to medium term.
“Overall, the business smartphone industry expanded steadily in the second quarter, Samsung saw positive shipment growth while Apple's shipments slipped by 11 percent,” said analyst Gina Luk. “Android and iOS are the two dominant operating systems in the market, as Windows 10 smartphone shipments continued to be squeezed out by the industry with close to zero market share.”
Through the first half of the year, the pace of business mobile devices shipments appears to be on trend with what the industry is accustomed to seeing with the current expansion – shipments registering disappointing first quarter growth performance to be followed with a stronger pace of growth in the second quarter, according to Strategy Analytics.
“The worldwide business tablet market remains volatile; it rebounded slightly to reach 17.3 million units in the second quarter, a 7.5 percent increase from Q1 2017, but year on year growth was flat at 0.7 percent on Q2 2016. The picture is still quite mixed,” said Andrew Brown, Executive Director of Enterprise Research at Strategy Analytics.
“North American business tablet volumes were up 5.4 percent sequentially in Q2 2017, however shipments declined 4.2 percent year-on-year,” he added. “The story was similar in Central & Latin America, which grew 2.2 percent quarterly, but shrank by 6.1 percent from Q2 2016, although other regions are registering positive quarter-over-quarter growth.”