The smartphone revolution has greatly expanded the size of the handset market with global revenues doubling in the last six years, as consumers substitute more expensive smartphones for their feature phones and basic phones. Yet changes have devastated most of the leading incumbent handset vendors.
HTC is still working on a smart watch and plans to release it in early 2015, according to a CNET report, which cited unnamed sources.
HTC unveiled a variant of its flagship One M8 smartphone running Microsoft's Windows Phone software, giving the platform the same kind of high-end hardware HTC and other phone makers have usually reserved for flagship Android devices. HTC hopes it can fill what it sees as a gap in the premium Windows Phone segment.
HTC reported a sharp uptick in profit for the second quarter thanks in part to sales of its flagship One M8 smartphone, the release of mid-range devices and cost cutting measures. Although the Taiwanese smartphone maker still has a steep hill to climb, the results could point to signs of a turnaround after its struggles in recent years.
Qualcomm gained an ally in Microsoft in its efforts to develop common standards for connected home equipment, but faces a challenge convincing rival chip makers to follow its path.
HTC is reportedly preparing a tablet with an 8.9-inch screen that is scheduled to be released in the fourth quarter through Google's Nexus device program. According to a report from Android Police, the device will be powered by Nvidia's Tegra K1 processor, will sell in Wi-Fi-only and LTE versions, and will be called the Nexus 9.
Microsoft's vice president of OEM partners, Nick Parker, said the retail price of Windows Phone smartphones and tablets will become more competitive during 2014, as company initiatives to boost the operating system (OS) begin to bear fruit.
A Microsoft executive indicated that HTC may soon be producing new smartphones running the software giant's Windows Phone operating system--but he declined to give any details.
Apple confirmed it will buy Beats Electronics for around $3 billion, acquiring a maker of premium headphones with a fledgling streaming music service but also getting cachet and connections to the music industry.
Apple is in the process of finalizing a $3.2 billion deal for Beats Electronics, in what would be its biggest deal ever, according to multiple reports. The overriding question analysts have at this point is: Why? The answer is not entirely clear, but Apple could be inking the deal to get access not only to Beats' sleek headphones but also its fledgling streaming music service on the cheap.