News
The Taiwanese Smartphone maker HTC announced its net earnings in the third quarter for the FY2012 on Monday and as expected, it wasn't good news; HTC's net profits for the fiscal Q3 have dropped significantly by 79 percent, the lowest fall in figures since 2006. The company earned a net profit of $636.5 million on total revenues of $4.6 billion in Q3 last year, which is massively down by $133.2 million profit on total revenues of $2.4 billion this year. The declining figure shows HTC is struggling as its market shares continue to drop amid the strong competition in the smartphone market. The company was once the pioneer of smartphones running on Android platform and earned a considerable share in the US market.
News
HTC Loses Ground to Apple and Samsung, Profits Fall to 79%
Samsung beats market expectations in Q3 - gains operating profit
Samsung Electronics, the multinational tech giant, reported gain of operating profit by 85% in the 3rd quarter. The quarterly profit sums up to around 8.1 trillion Korean won which is exactly double of the figures recorded last year. Operating profits of Samsung were noticed to be climbing since first quarter of 2011 due to fair sale of Samsung's smartphones and this is the main reason behind such a drastic profit gain of the company, resulting into up-going shares as well. In spite of the deep conflicts between Apple and Samsung, the company gained profits giving a tough competition to it biggest smartphone rival.
Sleek Ultrabooks - debacle for the tech giant Intel
Latest research of a firm has stated that, the Ultrabooks powered by Intel are major flop, which were mainly designed to compete with Apple's MacBook Air. Although there were speculations that Intel's down going trend would recover, the shrinking market of the company portrays that Intel will face aggravations in coming days. Intel had lots of expectations from the Ultrabook market, and it estimated that these sleek and lightweight computers will fire-up PC sales, but entire idea turned into a debacle.
Antony Jenkins Takes Over Barclays
Barclays, a British multinational banking and financial services company has announced its retail banking chief, Antony Jenkins as the new chief executive of the company on Thursday (30 August, 2012), trying to return to stability from the interest rate-rigging scandal. The new CEO Antony Jenkins, who came out of the safer world of credit cards and retail lending, replaced his American predecessor Bob Diamond, who was brought down by the Libor fixing scandal. One of the investment bankers described the Antony Jenkins's take over as very sensible, considering the public and political heat off the industry as a whole. An ex-banker of the Barclay's said that Jenkins is an insider and he at least knows what's keeping Barclays together.
Dell acquires Force10 Networks- a data centre networking company
Dell has finished its acquisition of Force10 Networks, California-based data centre networking firm. Under the agreement, Dell hopes to expand its networking portfolio to expand its virtual network infrastructure services. Dell says that the transaction will bring added benefits in the second half of next year, but did not disclose the value of the deal.
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