On Tuesday, in a statement, online platform for buying, selling and servicing of refurbished tech gadgets Back Market said, it has raised $335 million in its latest funding round which valued the company at $3.2 billion. Back Market started in 2014 in France with “the aims to make it easier for customers to buy refurbished…
On Monday, in a significant development South Korea’s LG Electronics Inc said it will stop the production and sales of its loss-making smartphone division. Earlier this year in January, LG had announced that it was considering all options for the business after recording nearly six years of losses totaling to nearly $4.5 billion. Talks to…
According to two sources familiar with direct knowledge of the matter at hand, Huawei Technologies Co Ltd is in early-stage talks to sell its premium smartphone brands P and Mate, in a move that could potentially see the Chinese company exit from the high-end smartphone-making business. Negotiations between Huawei and a consortium led by Shanghai…
According to sources familiar with the knowledge at hand, from 2021 Samsung Electronics Co Ltd may discontinue its Galaxy Note line of smartphones. The development comes in the wake of a sharp drop in demand for high-end smartphones because of the coronavirus-induced COVID-19 pandemic. Known for its large screen and its stylus for taking notes,…
Samsung Electronics unveiled its latest foldable 5G capable flagship as it surges ahead to maintain its market position in an increasingly competitive phone market. The development marked Samsung’s second attempt at a folding phone, following a delayed rollout in 2019, as it fends off traditional rival in the premium smartphone market, which includes Apple Inc…
On Tuesday, in a statement Sony Corp said, it would commence the testing of self-driving cars later this year as it prepares to beef up its sensing and safety technologies. Sony disclosure comes at a time when it has unveiled its electric concept car which is embeded with 33 sensors, including solid state light detection…
In a significant development that bodes well for the environment, Estonians who have typically gone to the forest to down cut trees in the thousands to celebrate Christmas, can now do so with a smartphone app. The state forestry company of Estonia, has launched a mobile application which allows people to search for their trees…
Samsung unveiled the device at the Samsung Developer Conference 2019 in the United States. Racing ahead with the launch of its first model in September, Samsung Electronics Co Ltd unveiled a new smartphone design that folds into a square. Samsung launched the new concept smartphone at the Samsung Developer Conference 2019 in the United States.…
Oppo, Vivo, Xiaomi and Apple, together, controlled 50% of the Chinese market. On Wednesday, according to market data released today, China’s Huawei Technologies has increased its footprint in its domestic smartphone market, with shipments rising by 66% in the third quarter. Although the Chinese smartphone market contracted by 3% in the third quarter in comparison…
Huawei’s Hongmeng will face challenges from Google’s Android operating system. Huawei’s first quarter sales rose on domestic demand. The overseas market for its smartphones has tanked. On Monday, as per a report from China’s state media Global Times, Huawei Technologies Co Ltd is set to release its own mobile operating system, Hongmeng, by the end…
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