A top Google executive said the company is seeing interest from Chinese Android application developers, and is working on ways it can reintroduce its services into the country.
Chinese smartphone maker Xiaomi is launching an online store in the United States this year, but it won't be selling smartphones. Instead, it will sell products like headphones and a wearable. The effort is part of the company's strategy to position Xiaomi as more than just a smartphone maker.
Qualcomm is facing new pressure from regulators after South Korea's antitrust regulator said it is considering investigating whether the chipset giant misused its dominant market position in the country. The probe comes just days after Qualcomm announced a settlement with China's National Development and Reform Commission, in which the company agreed to pay a $975 million fine and change its licensing and royalty practices.
Apple CEO Tim Cook said the company's blockbuster holiday quarter proved that the company did not need to make a cheaper iPhone in order to continue to grow its smartphone business. He reiterated that Apple will not make a less expensive iPhone for the sake of making one, and will continue to focus on making great products.
Qualcomm announced a "resolution" with China's National Development and Reform Commission, which has been investigating Qualcomm's patent-licensing business in the country. Under the agreement, Qualcomm will pay a $975 million fine and will modify some of its business and licensing practices. The company also updated its revenue and earnings expectations due to the resolution.
Qualcomm will likely pay a fine of up to $1 billion and cut its royalty rates by around a third on patents used in China to settle an investigation into the company's licensing practices there, according to a Reuters report.
Lenovo reported stronger-than-expected quarterly earnings and said that its Motorola Mobility unit is performing well. The company said it could grow its smartphone business to 30 percent of its total revenues.
Apple posted a blowout holiday quarter with sales of 74.5 million iPhones and $18 billion in net profit. The results were way above forecasts from most Wall Street analysts. "We'd like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high," said Tim Cook, Apple's CEO. "Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal."
Apple likely sold more iPhone units in China in its most recent quarter than it did in the United States, according to a Financial Times report. If the report proves accurate, this would be the first time iPhone sales in China have outpaced those in the U.S. market.
Huawei staged a launch event for its new, state-of-the-art network functions virtualization (NFV) open lab in Xi'an, China.