CTIA said that a group of wireless carriers and smartphone makers had implemented a set of voluntary principles aimed at stopping smartphone theft. The announcement came just as a California law requiring smartphones sold in the state to have a "kill switch" went into effect.
U.S. carriers' embrace of equipment installment plans, and consumers' newfound appetite for such plans, helps operators' bottom lines. But analysts say that as consumers hold onto their phones for longer than they used to under two-year contracts, it is likely going to cause pain for smartphone makers that had grown accustomed to consumers upgrading to new phones more often.
HTC has rebutted the idea that it would consider a merger with larger rival Asustek Computer after Asustek left open the possibility of some kind of a deal.
Taiwan's Asustek Computer has not closed the door on the possibility of acquiring fellow Taiwanese smartphone maker HTC, which is struggling to revive its sales. However, it's unclear if Asustek would make a bid.
In a surprise move that reflects the continued unevenness of its turnaround efforts, HTC cut its revenue projection for the second quarter and said it expects to report a net loss amid weaker sales for its high-end smartphones.
HTC said it expects sales to drop by as much as 29 percent in the second quarter, as the company's turnaround efforts appear to be in trouble. HTC just started selling its flagship One M9 smartphone globally earlier this month, so a weak sales forecast bodes ill for its prospects in a highly competitive market.
LG Electronics unveiled the G4, its latest flagship phone, and is focusing on both high-end specifications and a refined fashion sense to set itself apart in the crowded premium smartphone market. The G4, like its predecessor the G3, will go head-to-head with flagship phones from Samsung Electronics, Apple, HTC and others.
LG Electronics is seemingly doing all it can to drum up interest in its next flagship smartphone, the G4, ahead of its official debut on April 28: The company is going to allow select customers to test out the phone before it is formally announced.
HTC eked out a profit for the first quarter but the company still faces strong competitive headwinds as it looks to regain sales in the smartphone market and push beyond phones.
HTC named Chairwoman and co-founder Cher Wang as its new CEO, replacing longtime CEO Peter Chou. However, Chou is not leaving the company. Instead, he will lead HTC's "Future Development Lab," where he will be focused on future product development and growth opportunities for the firm. The shakeup is in many ways the culmination of a process that began in October 2013 when Wang took over some of Chou's day-to-day duties running the company so he could focus more on products.