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.
HTC expects to see stronger sales in the second quarter than the first thanks in large part to the success it is seeing in the market with its new flagship smartphone, the One M8, which went on sale at the end of the March.
NEW YORK--Sprint announced a partnership with streaming music service Spotify as part of a wide range of music and audio-related announcements at a media event here dubbed "Hear It For Yourself."
HTC has reportedly named a new CFO as its current CFO focuses more on global sales amid the company's efforts to revive revenues behind its new flagship One M8 smartphone and mid-range phones.