The development underscores a rising demand for affordable wearables among consumers. In a development that signals a welcome break for wearable devices, wearable device maker Fitbit Inc reported better-than expected first-quarter results reaffirming its full-year revenue forecast. The wearable device maker was able to sell more smartwatches and wearable devices that track health at affordable…
The adoption of electric vehicles and plug-in hybrids in the U.S. is likely to be a win-win scenario for carmakers and utilities if the latter were to expand their range of services and increase their revenue streams. As per the results of a study released on Tuesday, an increase in demand for electric vehicles in…
In the first such hike in 11 years, Amazon.com will be charging $43.86 in Japan as against $119 in charges for the same in the U.S. On Friday, in the first such hike after more than a decade of its launch, Amazon.com Inc’s Japanese unit raised the membership fee for its Prime service by 26%.…
To date Grab has raised nearly $8 billion since its inception nearly 7 years ago. According to Grab’s CEO Anthony Tan, the transportation network company is looking to raise another $2 billion in 2019 to ramp up its expansion plans. This announcement comes in the wake of its latest funding round in which it cornered…
The European Union’s data protection supervisor will investigate whether Microsoft Corp is in compliance with the EU’s new GDPR rules. In a significant development, the European Union’s data protection supervisor disclosed, it has launched an investigation into whether services and products provided by U.S. software giant Microsoft Corp to EU institutions are in compliance with…
The development underscores a growing trend of consolidation among communications, automakers and technology companies as they grapple with the massive investment and software expertise required to develop new services for which demand has yet to be tested. On Thursday, Japan’s Honda Motor Co and truckmaker Hino Motors Ltd stated they join a joint venture of…
Apple is scheduled to launch its own TV and video services on March 25, 2019. The move will naturally amp up competition in this segment. Reed Hastings, Netflix’s Chief Executive has made it lucidly clear that it will not make its TV shows and movies available through Apple Inc’s upcoming video offerings. “We prefer to…
The similarities between the November 2018 Kaspersky Lab’s case, which was dismissed, with Huawei’s lawsuit increases the likelihood that it will meet the same fate. On Thursday, controversial Chinese telecoms equipment maker Huawei Technologies Co Ltd confirmed that it is suing the U.S. government over a section of a defense bill which became law in…
The lawsuit is in the same line as those it filed against Facebook and Snap last year. BlackBerry Ltd has filed a patent infringement lawsuit against Twitter alleging that it illegally used technology that it developed on its mobile messaging applications. The lawsuit states, Twitter wrongly sought to compensate for being a “relative latecomer” to…
Marks & Spencer has entered into a joint venture with online supermarket pioneer Ocado and has thus forayed into the online full delivery service market. On Wednesday, British retailer Marks & Spencer (M&S) has agreed to form a joint venture with Ocado, an online supermarket pioneer. The development assumes significance since it would provide M&S…
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