|Bid||93.00 x 0|
|Ask||93.10 x 0|
|Day's Range||92.80 - 94.10|
|52 Week Range||80.70 - 102.00|
|PE Ratio (TTM)||15.79|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
India has given Chinese smartphone maker Oppo the go-ahead to open its own single-brand retail stores, boding well for rivals like Apple Inc which are seeking similar approvals. Oppo has become the first pure play smartphone brand to win such a clearance in the world's No. 3 smartphone market, where Apple has been vying for a bigger market share. Although India allows foreign firms to sell directly to consumers through a 'single-brand retail' route, companies must source 30 percent of the products locally.
The European Union is drawing up guidelines on how much patent holders should charge for their technologies, a thorny issue that pits Apple and other users against Qualcomm and Ericsson. Trillions of dollars in sales are at stake as regulators ponder whether a fridge maker should pay a different rate for crucial patents than a carmaker, or whether a flat, fixed rate would be fairer. The patent fee model used by world No. 1 smartphone chip designer Qualcomm predominates in the tech industry and is based on how much value a technology adds to a product, but is opposed by Apple and others in Silicon Valley.
India's ambitions to become a smartphone-making powerhouse are foundering over a lack of skilled labour and part suppliers along with a complex tax regime, industry executives say. Prime Minister Narendra Modi has championed a manufacturing drive, under the slogan 'Make in India', to boost the sluggish economy and create millions of jobs. Among the headline-grabbing details was a plan to eventually make Apple (APPL.O) iPhones in India.
The pledge by Taiwan's Foxconn to build a $10 billion factory in southern Wisconsin has ignited cross-border competition with Illinois over which state’s residents will get the jobs created by the project. Backers of Wisconsin’s $3 billion incentives package, which is quickly moving through the state legislature, estimate Foxconn’s plant and related investments could create more than 23,000 factory, construction and ancillary jobs. Within a 20-minute drive of likely Foxconn sites, Illinois stands to gain those jobs, prompting Wisconsin lawmakers to push to hold on to them.
A startup backed by Tony Fadell, one of the fathers of the Apple iPod, plans to announce Wednesday it is working with Samsung Electronics Co Ltd, Foxconn parent Hon Hai Precision Industry Co Ltd and others on a new way for mobile phones to transfer large amounts of data without using wires or WiFi connections. Chief Executive Eric Almgren said his Campbell, Calif.-based company called Keyssa has raised more than $100 million from Fadell and the venture arms of Samsung and Intel Corp, among others.
The Wisconsin agency tasked with holding Foxconn accountable for delivering up to 13,000 jobs in exchange for $1.5 billion in state payroll tax credits has a history of failing to verify job-creation claims and rewarding companies that fall short of quotas, according to state audits. The deal to secure Foxconn's proposed LCD screen plant announced late last month is one of the largest economic development agreements in U.S. history and counts President Donald Trump, who rode into office on promises of creating manufacturing jobs, as one of its proponents. A May audit found the Wisconsin Economic Development Corporation (WEDC) did not independently verify jobs numbers claimed by recipients of tax credits and posted inaccurate jobs figures online.
Essential Products, the smartphone startup founded by a co-creator of the Android mobile operating system, has raised $300 million in new funding and signed up retailers to sell its first device, it said on Wednesday. The $699 phone, with a titanium and ceramic case, will compete directly against new devices from Samsung Electronics and Apple Inc this holiday season.
The leader of the Wisconsin state senate said he does not yet have the votes to secure a $3 billion package of tax credits that is part of Foxconn's planned investment in a plant in the state, the Journal ...
The Wisconsin governor ordered the state legislature back into special session on Tuesday to consider an incentive package that would award Taiwanese electronics manufacturer Foxconn $3 billion over 15 years in mostly cash incentives and waive several state environmental reviews. Foxconn said last week in a White House ceremony it plans to build a $10 billion LCD flat screen factory in southeast Wisconsin. The company, formally known as Hon Hai Precision Industry Co Ltd, hopes to open the 20 million-square-foot plant in 2020 at a 1,000-acre site and will initially employ 3,000 people.
News that the iPhone maker will open a plant in Wisconsin was much ballyhooed late Wednesday, but not everyone is cheering.
Wisconsin Governor Scott Walker on Thursday defended his plan to give a $3 billion tax break over 15 years to convince Taiwanese electronics manufacturer Foxconn to build a $10 billion LCD flat screen factory. The 20-million square foot plant will initially employ 3,000 people, but Walker and Foxconn said the company ultimately may employ 13,000 people at the site. "What we're proposing is not outrageous," Walker told a local radio station, saying the deal would also create 10,000 construction jobs.
India's disruptive new mobile entrant Reliance Jio, backed by the country's richest man Mukesh Ambani, unveiled a low-cost 4G-enabled phone on Friday to woo tens of millions of new customers, further destabilising established telecoms players. Jio has enjoyed a meteoric rise since its launch a year ago, with its months of free services and sharply discounted plans battering the fortunes of incumbents such as Bharti Airtel and Idea Cellular, who have seen revenues and profits shrink dramatically.
Apple Inc broadened a legal attack on Qualcomm Inc, arguing to a U.S. federal court that license agreements that secure the chip maker a cut of every iPhone manufactured were invalid. If successful, Apple's attack would undermine a core tenet of Qualcomm's business model. "Apple is trying to distract from the fact that it has made misleading statements about the comparative performance of its products, and threatened Qualcomm not to disclose the truth," Don Rosenberg, executive vice president and general counsel of Qualcomm, told Reuters in an e-mailed statement.
Some of India's biggest solar equipment makers are facing financial collapse, priced out by Chinese competitors as Prime Minister Narendra Modi's government prioritises cheap power over local manufacturing despite his 'Make in India' push.
For Europeans, Nokia's revamped 'brick' is a throwback to a simpler, more innocent age, when phones were for speaking and reading on the train meant buying a newspaper. For Africans, however, the jazzed-up 3310, which relaunched in Nokia's home market of Finland on Wednesday, is an expensive imitation of the simple handset that remains the backbone of communication across the continent.
Nokia relaunched its simple but classic 3310 phone in its home market of Finland on Wednesday, hoping a wave of nostalgia may boost the brand as it expands into newer smartphones. Once the world's dominant phonemaker, Nokia Oyj sold its handset operations to Microsoft in 2014, leaving it to focus on telecoms network equipment. HMD has sole use of the Nokia brand on all phones and tablets for the next decade, and it will pay royalties to Nokia Oyj.
Andy Rubin, the co-creator of the Android mobile phone operating system, has launched a new company called Essential Products to sell a high-end smartphone and a home assistant device. Palo Alto-based Essential said the new Essential Phone features an edge-to-edge screen, a titanium-and-ceramic case and dual cameras. The phone sells for $699 and will run the Android operating system.
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Taiwan's Ennoconn, which is part of electronics maker Foxconn, ...
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Singapore-based tech communications company Broadcom to acquire ...
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- German car makers BMW, Daimler and Porsche AG and U.S. peer Ford ...
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- French media company Bollore to acquire control of French company ...