Seoul: Analysts fell under Samsung Electronics's marketing spell when they made what they now admit were hopelessly optimistic forecasts for its smartphone sales.
Samsung's huge share of the high-end smartphone market also persuaded some analysts to downplay industry data pointing to a fast-saturating segment, a reality that is already eating into sales of Apple's iPhone 5.
Woori Investment & Securities, one of South Korea's largest securities firms, cut its outlook for Samsung's earnings and target share price on June 5. It was the first to adjust its view.
A massive wave of downgrades has since followed, with forecasters including JPMorgan, Morgan Stanley and Goldman Sachs taking a harder look at their assumptions of how well the S4, Samsung's latest Galaxy smartphone, would actually do....
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07:36 AM, Jun 17, 2013
New York: The wait is over for the iPhone version of Microsoft's Office software. With the free app, users can quickly and easily edit, save and share documents on the go. But there's a catch: You have to be an Office 365 subscriber to use it. And the mobile version is so bare bones, it may not do much to attract new subscribers. The new iPhone app, which made its...
01:08 PM, Jun 15, 2013
New York: Microsoft's Office software package is coming to the iPhone for the first time on Friday, offering people the ability to read and edit their text documents, spreadsheets and slide presentations at the doctor's office or at a soccer game. The company isn't making an iPad version, though, nor is it offering the app on Android devices. Microsoft is treading a fine line as it tries to make its...
06:39 PM, Jun 14, 2013
Washington: Apple Inc is exploring launching iPhones with bigger screens, as well as cheaper models in a range of colours, over the next year, said four people with knowledge of the matter, as it takes a cue from rival Samsung Electronics. Sources claim that Apple may launch the cheaper iPhones in 5-6 colours. Reportedly, Apple is planning to launch cheaper models starting at $99. The moves, which are still under...
12:34 PM, Jun 13, 2013
San Francisco: Apple unveiled iOS 7, the most significant iOS update since the original iPhone. iOS 7 is completely redesigned with subtle motion, a colour palette and distinct, functional layers. The typography has been refined for a cleaner, simpler look, and the use of translucency and motion makes even simple tasks more engaging. iOS 7 has a spate of new features, including Control Center, Notification Centre, improved Multitasking, AirDrop, enhanced...
09:27 AM, Jun 11, 2013
San Francisco: Apple Inc will start a program this month to allow users to trade their older iPhones for the newest model, Bloomberg cited people familiar with the plan as saying, a first for the company as it prepares to introduce a new version of the smartphone. It has teamed up with Brightstar Corp, a mobile phone distributor that runs similar trade-in programs for carriers like AT&T Inc and T-Mobile,...
10:35 AM, Jun 08, 2013
New York: A US trade agency on Tuesday issued a ban on imports of Apple's iPhone 4 and a variant of the iPad 2 after finding the devices violate a patent held by South Korean rival Samsung Electronics. Because the devices are assembled in China, the import ban would end Apple's ability to sell them in the US. However, President Barack Obama has 60 days to invalidate Tuesday's order from...
09:49 AM, Jun 05, 2013
Washnington: Samsung Electronics scored a point on Tuesday over global rival Apple Inc in their long-running battle over mobile device patents. A US trade body found the Silicon Valley giant had infringed on a patent owned by the Korean company and slapped a ban on the sale of certain older iPhone and iPad models sold by AT&T. The US International Trade Commission, an independent federal agency, issued a limited order...
05:59 AM, Jun 05, 2013
Washington: Apple infringed upon a patent owned by South Korea's Samsung Electronics in making some iPhone and iPad models, the US International Trade Commission said in a final decision issued on Tuesday. The panel issued a limited exclusion order and a cease-and-desist order for AT&T models of the iPhone 4, iPhone 3GS, iPad 3G and iPad 2 3G. All exclusion orders are sent to President Barack Obama, who has 60...
03:24 AM, Jun 05, 2013
New Delhi: The highly-rumoured low-cost iPhone reportedly will not be manufactured by Taiwanese manufacturer Foxconn, which is widely known as one of Apple's key manufacturing partners. The Wall Street Journal reports that the low-cost iPhone will be assembled by a relatively unknown supplier Pegatron, which has developed a limited number of iPhones and a major portion of iPad minis in the past. The report says, Apple is planning to strengthen...
02:53 PM, May 30, 2013
New Delhi: If the recent rumours are to be believed, the next-gen iPhone, unofficially dubbed iPhone 5S, will feature a display carrying twice the pixels than the current generation, iPhone 5. Chinese gadget blog WeiPhone reports that Apple may not increase the screen size, but the number of pixels on the screen will increase from 730K on the iPhone 5 to 1.5 million on the next-gen iPhone. The report further...
01:14 PM, May 29, 2013
New Delhi: Mozilla, which recently debuted with its nascent Firefox OS, is now all set to join hands with Foxconn, which builds devices for a spate of tech giants including Apple and Sony. Reports have surfaced claiming that Mozilla and Foxconn Technology Group will be hosting a joint press event in Taipei on June 3. During the event, both companies will formally announce their coalition. "Mozilla will welcome the 19th...
09:59 AM, May 28, 2013
Washington: The European Commission is investigating whether Apple Inc is using anti-competitive iPhone sales tactics and technical restrictions to squeeze out rival smartphone makers from the European market, according to documents seen by the Financial Times. According to a questionnaire sent last week to several European mobile network operators, the Commission is focusing on distribution terms that might favour Apple by ensuring no rival can secure a better sales deal,...
08:30 AM, May 27, 2013
New York: US Cellular, the only major US wireless carrier to resist the iPhone, says it's going to start selling it this year. CEO Mary Dillon announced the reversal Friday on a call with investors and analysts. She didn't specify exactly when the company would start selling Apple's phone, or what models it would carry. A year and a half ago, Dillon said US Cellular Corp. had the opportunity to...
04:49 PM, May 05, 2013
San Francisco: Disturbed by the nationwide epidemic of cellphone robberies and thefts, law enforcement officials across the country are looking to the wireless industry to help find a cure. In San Francisco, where half the robberies were phone-related last year, District Attorney George Gascon is calling on major companies in nearby Silicon Valley to create new technology such as a "kill switch" to permanently and quickly disable stolen smart phones,...
10:38 AM, May 05, 2013
San Francisco: Google Inc is bringing its Google Now technology to the iPhone, where it will compete head-on with Apple Inc's Siri to serve as the primary service that smartphone users rely on to get everything from weather updates to traffic forecasts. Google Now, which made its debut last year on mobile devices powered by Google's Android operating system, will be available as a feature in the new version of...
10:22 AM, Apr 30, 2013
Bangalore: Samsung Electronics grabbed more smartphone market share from archrival Apple in the latest quarter, with sales of its phones jumping to account for one third of the global market. Sales of the iPhone 5 helped Apple's volumes grow 6.6 per cent to 37.4 million phones in the quarter from a year earlier, but that was not enough to stop its share of the market dropping to 17.3 per cent...
02:00 PM, Apr 26, 2013
