Several Samsung executives are suspected of insider trading, according to the latest investigation of nine officials in the company. The executives work for several major Samsung affiliate companies, and reportedly used insider information to buy up stocks in Cheil Industries before Cheil announced their plans to buy Samsung C&T Corp., which obviously sent the company’s stock way up. Read more
The excitement exuded by consumers after Apple’s event on Wednesday did not match the reaction of those on Wall Street. The company’s stock price for the day peaked within the first few minutes of the event’s start and then declined as it progressed and eventually came to a close.
Last week HTC’s stock price hit a new low when news leaked that supply chain companies had been advised that HTC was cutting their sales forecast for 2015. The stock market continued to punish the company after HTC officially announced on Friday they were cutting quarterly sales projections by as much as 35 percent. This triggered a new dip in the stock price to NT$83.60 ($2.69 USD) on Monday. Read more
Unfortunately for Samsung, it looks like their stocks are going to continue taking a beating. After Apple’s iPhone launch weekend, Samsung’s shares have fallen to a 2-year low, dropping down to about 1,161,000 won. On top of that, their profit estimates were cut from 5.7 trillion won down to 4.7 trillion won. Those are some pretty major setbacks, even for a company like Samsung.
Apple’s iPhone is part of the reason why Samsung is getting hit so hard, but other factors include other affordable smartphones from OEMs like Lenovo and Xiaomi. Samsung was the first to scoop up the bottom of the Android market, but other manufacturers are beating them at it now and Samsung can’t keep competing at the prices other devices are being sold at. Read more
Ouch. It appears it’s a ‘one step forward and two steps back’ scenario for HTC this month, as the company experienced a sales dip after two months of positive sales in March and April.
Despite some huge forecasts for HTC this year after the release of the HTC One (M8), it appears the company hasn’t been able to follow through.
Earlier today, HTC’s stock rose 6.9% (a 10th month high for the company) with investors expecting the company to turn in favorable Q2 earnings. With the HTC Desire 816 selling quite well in China combined with the positive sales and reviews of their HTC One M8 flagship, the expectations that these investors have, could pay dividends in the near future. Hopefully once the Q2 earnings come out, HTC will show their resurgence into the market.
Do you guys think with the new Desire lineup and HTC One M8, the company will finally turn things around and once again become a huge force in the mobile industry? Let us know your thoughts in the comments section!
source: HTC Source
With the recent flurry of updates to Google Play edition device updates comes the 4.4.2 update to the Sony Z Ultra GPe. It’s really good news that the Google Play edition devices are working out as well as they were supposed to be from the start. Fragmentation issues are slowly dissipating and it’s certainly nice to have a whole batch of options for devices that have stock Android and receive quick updates.
This particular update is 444MB and includes fixes for the security settings bug, the app uninstall bug, the clear data bug, and also issues with Google Now voice commands.
Let us know if any of you have received it yet and how it’s working out for you!
After last night’s suprise cameo in the Play Store, possible retail packaging of the Nexus 5 has leaked as well. And the retail packaging isn’t just catching eyes because of its design. Yes, that is a white backing being shown on the Nexus 5. It was unknown that there would be a white variant; however, this and another image (after the break) completely show the Nexus 5’s back in white. The images were snapped by Korean site UnderKG (but were removed shortly after). Two Google+ users were able to obtain the the photos and re-posted them this morning. As you can tell, LG’s logo has been stamped on the side. Hit the break for the other two images, one of which clearly show the possible white backing. Read more
Each quarter, public companies hold their earnings call with investors. Google’s was today, and CEO Larry Page began by talking about Google’s interest in multi-screen technologies— Both Chromecast and Google Glass fall under this category. Then, he mentioned smart-watches. We knew Google was working on their own version of the fast-growing device, but this is the first time we’ve heard it officially mentioned.
Google announced revenue of $14.89 billion this quarter, a 12% increase from last year’s earnings in Q3. This number soared above the expected earnings for this quarter, which is certainly great to hear considering Google didn’t hit their expected earnings in the last 2 quarters. Along with the announcement came, as expected, a huge surge in stock price— the price per share is now flirting with $1000.
Ever since the Samsung Galaxy S 4 and HTC One Google Play Edition devices launched, they’ve been all the rage. If you like the stock look, there’s a lot that you can do to make your own phone look like it’s a Google Play Edition device, even without rooting. Even better, everything in this guide includes only free apps. Jump through the break to see the best apps to download for a stock like experience. Read more