Vendor News

Q1 Losses Lead to GoPro Drone Delay

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Q1 Losses Lead to GoPro Drone Delay

Times are not so good for GoPro-- the action camera maker reports a -49.5% Y-o-Y decline on Q1 2016 revenues worth $183.5 million, leading the delay of the company's much awaited entry in the drone market, the Karma.

Previously set to launch sometime on H1 2017, the Karma will now hit the market on Q4 2016.

The company is clearly taking a hit from the improved video capabilities of the current crop of smartphones, since it also sees camera shipments drop by -47.8% Y-o-Y to 701,000 units. It also faces charges of around $8m related to excess purchase commitments, inventory write-downs and marketing development funds.

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Apple Loses "iPhone" Trademark in China!

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Apple Loses

Apple faces further woes in China as the Beijing Municipal High People's Court decides in favour of local firm Xintong Tiandi in a legal case over the use of the "iPhone" trademark on leather goods.

"We intend to request a retrial with the Supreme People's Court and will continue to vigorously protect our trademark rights," Apple declares in reaction to the decision.

Such a case might not sound like much-- certainly not in terms of money-- but it symbolises the fact that not even one of the biggest companies in the world can enforce its trademarks in China, a nation infamous for its somewhat dim opinion on intellectual property rights.

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Rovi Buys DVR Maker TiVo

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Rovi Buys DVR Maker TiVo

Entertainment company maker Rovi acquires DVR STB maker TiVo for $1.1 billion-- creating a single company running under the "iconic TiVo brand" with Rovi CEO Tom Carson as leader.

"Rovi’s acquisition of TiVo, with its innovative products, talented team, and substantial intellectual property portfolio, strengthens Rovi’s position as a global leader in media discovery, metadata, analytics, and IP licensing,” Carson says. “It’s an exciting time as the media and entertainment landscape undergoes a significant evolution.... By working together, Rovi and TiVo will revolutionise how consumers experience media and entertainment and at the same time build value for our stockholders."

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Apple and the Case of the "Worst Ever" Q2

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Apple and the Case of the

The Q2 2016 Apple financial report features a first as run of 51 successive quarters of growth comes to an end-- the company admits a revenue drop of -13% Y-o-Y, the result of currency headwinds and declining iDevice sales.

Mind, the revenue total still makes an impressive sum. At $126 billion, Apple revenues are still worth more than double than those of Samsung Mobile, Microsoft and Alphabet, the Google umbrella company.

Net income also shows a sharp decline of -22% Y-o-Y to $10.5bn, a first in 2.5 years. Both Apple and Wall Street were expecting drops for the quarter, but not to such an extent. As for device numbers, iPhone sales total 51.1 million (with -18% Y-o-Y decline), iPads total 10.2m (-19% Y-o-Y) and Macs reach 4m units (-12% Y-o-Y).

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Nokia Gets Into Health With Withings Buy

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Nokia Gets Into Health With Withings Buy

Nokia steps back into the consumer electronics business after the 2013 sale of its mobile business to Microsoft as it acquires French health and wearables company Withings for €170 million in cash.

The deal is described as the start of a "new chapter" for Nokia, since it involves the creation of a digital health business within the company headed by Withings CEO Cédric Hutchings.

"With this acquisition, Nokia is strengthening its position in the Internet of Things in a way that leverages the power of our trusted brand, fits with our company purpose of expanding the human possibilities of the connected world, and puts us at the heart of a very large addressable market where we can make a meaningful difference in peoples' lives," Nokia CEO Rajeev Suri says.

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Logitech Buys More Audio With Jaybird

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Logitech Buys More Audio With Jaybird

Accessories vendor Logitech acquires more audio capabilities as it pays $50 million in cash for Jaybird, a company best known for "active" style wireless headphones.

The deal makes Jaybird the second Logitech-owned audio company following the 2008 acquisition of speaker maker Ultimate Ears. As Logitech puts it, the buy allows it to expand further into the wireless audio and wearables market.

Jaybird's most recent product is the X2, a pair of wireless headphones designed for active users. It also offers the Reign, a wearable fitness tracker described as an "advanced active recovery band."

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Recycling Brings Apple $40 Million in Gold

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Recycling Brings Apple $40 Million in Gold

Apple has good reason to push the recycling of old mobile devices and computers-- the annual Apple environmental responsibility report reveals such efforts recovered over 1 ton of gold during 2015.

Such an amount of the precious mineral is worth around $40 million according to Business Insider.

But where does that impressive amount of gold come from? While Apple does offer a gold-plated Watch, we doubt anyone actually dumped a smartwatch worth over $100000. Instead, according to activist group Fairphone, the average smartphone carries 30 milligrams of gold spread across circuit boards and internal components. And since Apple recycles millions of devices, the numbers add up.

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France Sues Apple for €48.5 Million

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France Sues Apple for €48.5 Million

The DGCCRF, the French competition, consumer and fraud agency, launches a court case against Apple, BFM TV reports-- one claiming strict carrier contracts unfairly benefit the iPhone maker.

Specifically, the agency states Apple contracts violate French competition laws in no less than 10 ways. For instance, Apple forces carriers to buy a minimum number of iPhones over 3 years, pay part of customer repair costs, stick with strict order rules, finance any in-store iPhone displays and to contribute to an Apple-run advertising fund. Apple also forbids carriers to make any iPhone contract or payment plans.

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Belkin Puts HomeKit Compatibility "On Hold"?

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Belkin Puts HomeKit Compatibility

Back in January 2015 Belkin announced the WeMo connected device portfolio was to get HomeKit compatibility "in the near future"-- but the company has put such plans "on hold," at least according to MacRumours.

A statement given to the news website by a "WeMo Facebook representative" states the Belkin has not managed to integrate WeMo products with HomeKit as per Apple requirements. Why? Apparently HomeKit integration requires "a specific hardware component," demanding the creation of a separate line of HomeKit-enabled WeMo products.

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Chief Product Officer Marc Whitten Leaves Sonos

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Chief Product Officer Marc Whitten Leaves Sonos

The recently announced layoffs at Sonos claim at least one exec-- chief product officer Marc Whitten leaves the speaker maker after little more than 2 years, the company confirms to Tech Insider.

A Microsoft veteran with a 14-year history working on the Xbox console, Whitten joined Sonos in 2014. He oversaw the release of the flagship Play:5 wireless speaker, as well as the TruPlay audio-tuning smartphone app.

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Reuters: Sharp, Foxconn to Sign Deal Soon

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Reuters: Sharp, Foxconn to Sign Deal Soon

Reuters reports this week should see an end to the delays affecting the Foxconn acquisition of Sharp-- only the takeover will involve a "smaller bailout" for the ailing Japanese company.

How smaller is Foxconn offer for Sharp? According to a pair of anonymous sources Foxconn slashed the price tag by ¥100 billion (around $884 million). In addition the sources say the two companies are to hold board meetings on Wednesday to approve the deal before signing the deal on the following day.

Predictably neither company has commented on the Reuters story.

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