NEW DELHI/MUMBAI (Reuters) – Google Inc will launch in India on Monday the first smartphones under its Android One project, pricing them at around 6,399 rupees ($105) to capture the low-cost segment of the world’s fastest growing smartphone market. The Mountain View-Based company tied up with Indian mobile players Micromax, Karbonn and Spice Mobiles to launch the affordable phones, which are powered by its operating system and aimed at emerging markets. …
(Reuters) – Alibaba Group Holding Ltd is planning to increase the size of its initial public offering due to strong investor demand, Bloomberg reported, citing people with knowledge of the matter. The Chinese e-commerce company plans to increase the top end of the price range to above $70 and plans to announce the new price range as early as Monday, Bloomberg said. Alibaba, could set a new record for the world’s biggest IPO if underwriters exercise an option to sell additional shares to meet demand, putting it as high as $24.3 billion and overtaking Agricultural Bank of China Ltd’s $22.1 billion listing in 2010.
By Noel Randewich SAN FRANCISCO (Reuters) – Applied Micro Circuits has begun shipping a new kind of low-power server chip that might challenge heavyweight Intel in cutting-edge data centers. The Sunnyvale, California, company disappointed Wall Street on Tuesday with first fiscal quarter revenue and second-quarter revenue outlook that missed expectations due to a declining legacy business, sending its shares 4 percent lower after hours. In the quarter that ended in June, Applied Micro Circuits recognized its first revenue from the chips – about a $1 million – and the company said it expects “meaningful” revenue from the chips in the quarters ending in December and March as shipments build. …read more
By Alexei Oreskovic SAN FRANCISCO (Reuters) – Facebook Inc will shut its 2-year-old Gifts shop on Aug. 12, as the world’s largest social network tests other ways to let consumers buy products on its website. “We’ll be using everything we learned from Gifts to explore new ways to help businesses and developers drive sales on the web, on mobile, and directly on Facebook,” the company said in an emailed statement on Tuesday. Facebook Gifts opened in 2012 as a way for users to buy gifts such as socks and teddy bears.
Twitter shares shot higher by some 30 percent Tuesday after its quarterly report showed surprisingly strong revenue and user growth, despite a widening loss. The popular one-to-many messaging service said its quarterly loss widened to $145 million from a $42 million loss a year ago.
Microsoft Corp’s hardware chief gave employees a sneak peek at a ‘selfie’ phone featuring a 5 megapixel forward-facing camera at an internal meeting this week, a source at the company said on Tuesday. Stephen Elop, the former Nokia CEO who now runs Microsoft’s devices business, showed off the phone in front of thousands at the company’s annual employee meeting in Seattle on Monday. The 5 megapixel camera on the front of the device is much more powerful than Apple Inc’s iPhone 5, with a 1.2 megapixel front camera, and the Microsoft phone’s screen is larger, making it better-suited for users who want to take pictures of themselves. Microsoft is jumping on the selfie bandwagon after rival Samsung launched the Galaxy K Zoom earlier this year.
Apple is expected to introduce new iPhone models this year that will feature, for the first time ever, sapphire glass displays instead of Corning’s Gorilla Glass, but not all reports agree on what iPhone 6 models will have such front panels. Some say Apple would have enough sapphire manufacturing capacity for all iPhone 6 models, while others say that only the bigger 5.5-inch iPhone 6 will have such display covers. According to The Register, industrial analysis firm TrendForce has not observed any proof that actual sapphire display production is underway at Apple’s Arizona factory. FROM EARLIER: New iPhone 6 leak gives us a great look at the device’s major redesign Apparently, the sapphire glass has not been sent to Apple’s manufacturing partners,
Facebook may want to look up the phrase, “If it ain’t broke, don’t fix it.” TechCrunch reports that Facebook plans to take away the messaging feature from its core app and force users to download the separate Facebook Messenger app if they want to chat with their friends. Facebook has apparently been testing out using Messenger as its sole messaging app in Europe and has been encouraged by the results so far, TechCrunch says. TechCrunch says that the good news is that “mobile web, iPad, feature phone, Windows Phone, Paper, and desktop users can still message in their main Facebook apps or sites” for the time being and won’t be forced to use a separate app. WhatsApp users should also be happy with the
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