Xiaomi posted $56.1 million (347.5 million yuan) in net profit last year, according to a regulatory filing. The filing provides a glimpse inside the finances of privately owned Chinese smartphone vendor Xiaomi, which has rocketed up the rankings to become one of the world's top smartphone brands in the past few quarters.
Although Chinese-based smartphone makers Xiaomi and OnePlus have garnered attention and market share this year as sales of their low-cost models have thrived, the companies face obstacles to expanding globally, including patent litigation and a lack of brand awareness among Western consumers.
Google has settled patent litigation with a consortium of companies backed by Apple, Microsoft and other tech giants, according to a court filing. Financial terms of the settlement were not disclosed.
Nokia is jumping back into the consumer device market by licensing its brand to Foxconn to create a tablet called the N1 running Google's Android platform.
Google and LG Electronics struck a patent cross-licensing deal similar to one Google announced in January with LG's larger rival, Samsung Electronics. The Google/LG agreement is an indication that the companies are working closely together but they were vague on the long-term implications of the deal.
Samsung Electronics said Microsoft's April purchase of Nokia's devices and services business breached a 2011 business collaboration agreement between Samsung and Microsoft. Under that deal Samsung paid $1 billion in patent royalties to Microsoft in 2013, and Samsung is now arguing in court that the Microsoft/Nokia deal invalidates the agreement because Microsoft became a direct competitor with Samsung in the smartphone market.
Comcast won a $7.5 million award against Sprint after a jury agreed that Sprint violated Comcast's patents for VoIP and other telecommunications technologies. The trial and the ruling is likely going to be just one of many in a long, drawn-out legal battle between the one-time partners.
Samsung Electronics paid Microsoft $1 billion last year to use Microsoft's technology in its mobile devices as part of a patent-licensing agreement, according to court documents filed by Microsoft. As part of a lawsuit Microsoft initiated against Samsung, Microsoft is claiming Samsung owes it $6.9 million in unpaid interest from last year.
aioTV, a middleware vendor that offers a unified program guide to video distributors and others, has been awarded a patent that covers a method for pulling together video channels from multiple sources, including OTT, cable and broadcast content.
Dish Network has quietly filed a trademark application for the name "Nutv," which GigaOm speculates is to be the name for its planned OTT programming service.