After years of accusations of being proxy spies for Chinese military and intelligence agencies, Huawei CEO Ren Zhengfei says his company is exiting the US market. In an interview provided to French journalists, the CEO of the worlds largest telecommunications equipment provider says his company will no longer fight to stay in the US market.
Google executive chairman Eric Schmidt expressed his shock at reports that the NSA tapped into the internal communications links between Google servers, describing it as “outrageous” in an interview with the Wall Street Journal. The claim was made as part of the ongoing PRISM revelations.
It’s really outrageous that the National Security Agency was looking between the Google data centers, if that’s true. The steps that the organization was willing to do without good judgment to pursue its mission and potentially violate people’s privacy, it’s not OK … Read more
Samsung has beaten its earlier forecasts for both revenue and profit in Q3, reporting new records for both at $9.56B profit on revenues of $55.59B.
Samsung had earlier reported that it had sold more than 40 million Galaxy S4 handsets in the first six months, but advised today that most of its mobile growth was in lower-end models, while high-end growth is slowing … Read more
Samsung is predicting a record $9.4B profit for Q3 in its latest earnings guidance, on estimated revenues of $53.9B. While both figures are estimates rather than confirmed results, Samsung’s earnings guidance is usually pretty much spot-on. If confirmed, this will build on the company’s record numbers in Q2.
HTC, in contrast, reported its first ever loss, as it warned back in July. Its revenue of $1.6B was lower than even its lower-end forecast, and it lost $101M – the company’s first ever loss in its 16-year history.
Bloomberg attributes the wildly differing performances to sales of mid-market handsets in growth markets like India and China.
While HTC has focused a revival on its flagship One handset and $12 million marketing deal with actor Robert Downey Jr., Samsung has expanded its range of mid-priced smartphones such as the Galaxy Golden and S4 Mini to capture sales in China and India … Read more
In an interview with AllThingsD, Barra said that the opportunity to play a key role in the global expansion of the company dubbed ‘the Apple of China’ was one he could not resist.
“To me, right away, it was a once-in-a-lifetime opportunity, truly a dream job, this idea of building a global company which could be as significant as Google from the ground up,” said Barra. “It was just something that I will never come across, with a team whom I know, with a company that has DNA similar to my own and, on top of that, to live in Asia for at least some period of time” … Read more
Taiwanese company HTC has not been having a happy time of late. Senior departures, including its COO; a halving of market share since 2011; former UK execs setting up a rival company; disappointing Q2 financials; and the possibility of the first ever loss in the company’s history in Q3.
But the latest saga in the company’s troubles read more like the plot of a soap opera than real-life. First, several of HTC’s former lead designers were arrested last week on suspicion of fraudulent expenses claims and leaking of trade secrets. Now Engadget reports that one of those arrested, ex-VP of Product Design Thomas Chien, may have been involved in a conspiracy with a Chinese municipal government to use both the trade secrets are purloined cash to create a rival smartphone company in China … Read more