The Chinese tech firm LeEco paid Yahoo $250 million for a nearly 50-acre development site in Silicon Valley as it prepares to enter the U.S. smartphone market.
IHS said there were 8.1 billion connected smartphones, tablets, personal computers, TVs, TV-attached devices and audio devices across the globe at the end of 2015.
IDC predicted worldwide smartphone shipments will grow at a sluggish 3.1 percent clip in 2016, revising a previous forecast that had pegged the market to grow at 5.7 percent this year.
Western Europe is expected to lead the way in adding new connected devices to the Internet of Things (IoT), with the number of IoT devices in this market expected to increase 400 per cent by 2021 according to the latest Ericsson Mobility Report.
Pyramid Research forecasts that annual smartphone sales in the Middle East and Africa (MEA) will grow by a CAGR of 15 per cent to reach 238 million units by 2020.
GfK said smartphone shipments in Western Europe shrank by 6 per cent year-on-year to 30 million units in the first quarter of the year, marking the first time that demand has fallen in the region on an annual basis.
Google has hired former Motorola chief Rick Osterloh to lead the company's effort to unify its hardware line.
Strategy Analytics said global smartphone shipments fell by 3 per cent year-on-year to reach 335 million units in the first quarter of 2016, marking the first time in history that this market has shrunk on an annualised basis.
Samsung cemented its position as the world's No 1 smartphone vendor in the first quarter, according to fresh data from IDC, and Apple maintained its second-place status. But a couple other names among the top five may surprise you.
Worldwide semiconductor revenue totalled $334.8 billion (€294 billion) in 2015, a 2.3 per cent decline from 2014.