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Consumer Electronics


  • UPDATE 1-Qualcomm says may split itself, cut jobs Wednesday, 22 Jul 2015 | 4:44 PM ET

    Qualcomm's shares fell about 1 percent at $63.50 in after-market trading on Wednesday. The chipmaker, which has about 30,000 employees worldwide, also said it had agreed with Jana Partners to add two of the hedge fund's nominees to Qualcomm's board. Qualcomm, which makes software and chips used in smartphones, tablets and gaming devices, is known for its...

  • Apple Watch: Apple's hedge for the future? Wednesday, 22 Jul 2015 | 12:19 AM ET
    Apple Watch: Apple's hedge for the future?

    Bryan Ma, vice president at IDC, APAC & Worldwide, explains why the Apple Watch seems to be a hedge for the tech giant in the medium to long term.

  • *H1 handset revenue up 69 pct globally, 124 pct in China. HONG KONG/ BEIJING, July 22- Huawei Technologies Co Ltd more than doubled its China smartphone revenue in the first half of 2015, defying a slowdown in the world's biggest handset market that is enveloping rivals Xiaomi Inc and Samsung Electronics Co Ltd.. "There's that buzz going around Huawei in China right...

  • This bear has an underweight rating on Apple Tuesday, 21 Jul 2015 | 10:31 PM ET
    This bear has an underweight rating on Apple

    Ian Dogan, research director & co-founder of Insider Monkey, says Apple's iPhone sales may not be sustainable in the long run and that could be detrimental given that Apple has been a "single product company."

  • Shenzhen- based Huawei, which competes with Chinese smartphone makers Lenovo Group Ltd and ZTE Corp, recorded a 69 percent increase in its consumer business group revenue to $9.09 billion thanks to strong sales from high-end smartphone models, the company said in a statement.

  • The big question about GoPro Tuesday, 21 Jul 2015 | 8:37 PM ET
    The big question about GoPro

    Jason Moser, senior analyst at The Motley Fool, says investors are unsure whether GoPro is able to monetize beyond its devices.

  • What's sending shivers down Apple investors' spines Tuesday, 21 Jul 2015 | 7:34 PM ET
    What's sending shivers down Apple investors' spines

    Daniel Ives, managing director and senior analyst at FBR Capital Markets and John Petrides, MD & portfolio manager at Point View Wealth Management, discuss the drop in Apple shares following its quarterly earnings.

  • This expert is happy with Apple earnings Tuesday, 21 Jul 2015 | 6:19 PM ET
    This expert is happy with Apple earnings

    Patrick Moorhead, president & principal analyst at Moor Insights & Strategy, is optimistic about the new Apple Watch, Apple Music and the tech giant's growth potential in emerging regions.

  • BlackBerry cuts jobs as part of turnaround plan Tuesday, 21 Jul 2015 | 12:34 PM ET

    TORONTO— BlackBerry Ltd. announced another round of job cuts Tuesday as it deals with weak smartphone sales and pushes ahead with a restructuring plan. The Waterloo, Ontario- based company declined to disclose how many employees were affected in the latest changes, but said that some workers were shifted to different roles while others were laid off.

  • Toshiba chiefs quit over $1.2B accounting scandal Tuesday, 21 Jul 2015 | 8:21 AM ET

    Chief executive and vice-chairman resign in the wake of an independent report on the company's accounting scandal. But the stock has surged.

  • HONG KONG/ BEIJING, July 22- Huawei Technologies Co Ltd doubled its China smartphone revenue in the first half of this year, defying a slowdown in the world's biggest handset market that is enveloping rivals Xiaomi Inc and Samsung Electronics Co Ltd.. In contrast to Huawei, overall smartphone shipments in China shrank for the first time in six years in the first...

  • SAN FRANCISCO— Smartphone sales may be slowing for some tech companies, but not for Apple. Analysts expect another powerhouse performance from the California tech giant when it reports quarterly financial results Tuesday. Wall Street analysts estimate Apple will report a hefty $10.3 billion in profit after selling $49 billion worth of iPhones, iPads, Mac...

  • Market demand solid for Electrolux: CEO Friday, 17 Jul 2015 | 4:15 AM ET
    Market demand solid for Electrolux: CEO

    Keith McLoughlin, CEO of Electrolux, says demand in most markets is "solid," yet East Europe and Latin America show weakness.

  • BEIJING, July 17- Fast-growing Chinese smartphone maker Xiaomi Inc is strengthening its patents in preparation for its entry into the U.S. market, head of international operations Hugo Barra told Bloomberg Television on Thursday, without offering a time table. Former Google Inc executive Barra told Bloomberg TV in San Francisco that Xiaomi phones would not...

  • *Microsoft to close Nokia unit, 1,100 jobs at risk. HELSINKI, July 16- When U.S. software giant Microsoft bought Nokia's struggling mobile phone business last year, the inhabitants of Salo- a town of 54,000 in southern Finland- thought the move would revive the local economy. But their hopes were crushed last week when Microsoft announced it would close Nokia's...

  • TSMC Q3 outlook dragged down by macroeconomic weakness Thursday, 16 Jul 2015 | 4:58 AM ET

    TAIPEI, July 16- Taiwan Semiconductor Manufacturing Co Ltd, the world's No.1 contract chipmaker, said macroeconomic headwinds will dampen its prospects in the third quarter, even if its main client Apple Inc releases a new iPhone. This is largely due to weak demand in emerging markets, particularly China, for inexpensive smartphones. Pricey new iPhones and...

  • Google unveils buying button in mobile shopping ads Wednesday, 15 Jul 2015 | 1:59 PM ET

    SAN FRANCISCO— Google is introducing a way for shoppers browsing on their smartphones to buy merchandise by tapping on a button included in the ads appearing in its search results. The buying button unveiled Wednesday is part of Google's attempt to make it easier for people to shop on mobile devices and divert online traffic from e-commerce leader Amazon.com...

  • Apple's updates iPod Touch amid declining sales Wednesday, 15 Jul 2015 | 11:00 AM ET

    NEW YORK— Although the iPod's popularity has waned, Apple is updating its music player for the first time in nearly three years by giving the flagship Touch model a faster processor and better cameras. The new iPod Touch also enables Apple Music, a $10- a-month service that offers unlimited playback of millions of songs. Apple Music launched June 30 as music fans...

  • HONG KONG/ BEIJING, July 14- The call of the world's biggest smartphone market is proving irresistible for entrepreneurs in China, where even purveyors of concrete mixers, refrigerators and rock music are mimicking local trailblazer Xiaomi Inc with their own handsets. China had 155 smartphone brands selling over 1,000 handsets a month as at end-March, from 110...

  • TORONTO, July 13- BlackBerry Ltd named Carl Wiese as head of global sales on Monday, an appointment that comes at a critical juncture for the smartphone industry pioneer, which needs to spur top-line growth in order for its turnaround efforts to succeed. Wiese has spent the past 12 years at Cisco Systems, first heading advanced technology sales and later its...