In the key smartphone market, an area led by Samsung until recently, the popularity of Apple’s iPhone 6 and 6 Plus handsets and the rise of lower-cost phones from Chinese vendors squeezed Samsung at both the high and low end of the market.
The company said Galaxy S6 and S6 Edge sales were lower than expected.
It still managed to make money but not nearly as much as the same time last year. Operating profit for the quarter was 2.8 trillion won, down about 38 percent on the same period of 2014.
The results come against a backdrop of continuing record quarterly results at smartphone rival Apple. It sold 47.5 million phones in the quarter and recorded sales of $49.6 billion and a quarterly net profit of $10.7 billion — both squarely ahead of sales and profits at Samsung.
For the rest of this year, Samsung said it will attempt to boost smartphone sales by reducing the price of the Galaxy S6 and introducing new large-screen models. This time more than ever before, the company is under intense pressure to score a hit with a new phone to help turn around its declining business.
United Microelectronics (UMC) expects to post an up to 5 per cent decrease in wafer shipments for the third quarter of 2015.
The outfit’s capacity rate will fall below 90 per cent for the first time after being flat out for ages.
UMC CEO Po-Wen Yen said the third quarter, would suffer from the inventory correction problems that were first noticed in the first quarter.
Current weakness in overall demand, partly due to the uncertainties in economic outlook, will prolong the inventory adjustment through the second half of 2015,” he said.
UMC used 94 per cent of its overall capacity in the second quarter of 2015, when the company shipped a record 1.54 million 8-inch equivalent wafers.
Shipments during the quarter were driven mainly by 28nm products, the foundry noted.
UMC reported consolidated revenues of $1.23 billion for the second quarter, down 6 per cent on last year. Gross margin came to 22.9 per cent compared with 24.3 per cent in the first quarter and 22.9 per cent in second.
UMC created net profits of $1.45 billion in the second quarter of 2015 – the highest level in nine quarters.
Looking into the third quarter, UMC expects to use 87-89 per cent of its overall capacity in the third quarter. Wafer shipments and ASPs will fall up to 5 per cent and about 3 per cent, respectively, on quarter.
Uber Technologies has rolled out its own auto leasing subsidiary in an effort to secure more drivers, injecting the fast-growing ride services company directly into the financial services sector for the first time.
The move by Uber, announced as a pilot project, follows the end of its partnership with Banco Santander’s U.S. lending unit earlier this year.
Uber announced the initiative but disclosed few financial details, though it said it would offer both new and used cars.
Uber launched a program in November 2013 to arrange manufacturer discounts and lenders for prospective drivers who lacked cars in the hopes it would boost vehicles driving for the app-based service.
At the time, Uber said it hoped to finance 100,000 drivers. Nearly 20,000 drivers have participated in the program so far, Uber said.
Santander Consumer USA Holdings declined to comment last week on why the Uber leasing deal ended. Uber continues to partner with other lenders for car purchases.
Andrew Chapin, head of vehicle solutions for Uber, this week said Uber wants to provide drivers with more flexibility than traditional leasing companies can offer. Participants in Uber’s program can return their vehicle with two weeks notice and “limited additional costs,” the company said.
One of the fastest-growing sharing-economy companies, Uber operates in 57 countries, with an estimated value of more than $40 billion. It has also tangled with transportation authorities across the globe, along with attorneys seeking to deem Uber drivers employees entitled to benefits.
Uber’s entry into auto leasing brings it into contact with yet another set of regulators in a controversial business. The U.S. Consumer Financial Protection Bureau last month said it would oversee non-bank auto lenders who process at least 10,000 loans or leases per year.
The CFPB said it seeks to ensure such leases are marketed accurately, and that debt collectors operate fairly.
Workhorse isn’t as high profile as Amazon or Google, but it demonstrated an eight-rotor delivery drone designed to work with its electric trucks and use some of the same battery technology.
“Our concept is, you have a package-delivery drone that rides on top of a truck as the driver goes about his day, and helps to pick off outliers on his route to help cut down on the cost of delivery per package,” said Elliot Bokeno, a mechanical engineer with Workhorse, who demonstrated the drone at a conference at NASA’s Ames Research Center in Silicon Valley.
If a driver had four deliveries in one part of town but only one in another, the drone might be able to handle that single, less convenient delivery.
The technology combines autonomous and manual control.
GPS is used to determine the delivery location, and the drone flies there without any human input, Bokeno said. But when it gets to the address, a downward-pointing camera switches on and an operator at a remote center takes over.
The operator guides the drone down, making sure to avoid people and obstacles, and releases the package. The drone then resumes autonomous flight and makes its way back to the truck.
In tests, the drone has flown as fast at 55 mph and has a maximum flight time of 30 minutes. The company is working with Panasonic, which provides batteries for Workhorse’s electric vehicles, on more advanced battery technology that will increase flight times to 45 minutes.
Bokeno said his company has already talked to several package delivery companies about using its technology.
For now, tests of the technology over relatively short distances continue. Workhorse is collaborating with the University of Cincinnati and hopes to begin multi-mile delivery tests soon.
Intel is trying to boost promotion of its desktop CPU platforms by dividing the market into six pieces.
According to Digitimes which has its paws on the cunning plan said that Intel is talking about something called an Enthusiast Tower.
An Enthusiast Tower, is not a ride at Disneyland, it is the gaming, video/audio content and high performance sector. What Intel defines as “mainstream” has high performance-price ratios. “All-in-one (AIO) PCs”, “Mini PCs (NUC)”, “Portable AIO PCs” and “Compute Sticks” make up the remaining pieces of Intel’s marketing pie.
The Enthusiast Tower part of Intel’s business is doing well. It is seeing growing sales, while demand for NUC products and Compute Sticks is also gradually picking up.
Intel said that its MiniPCs will support both Windows and Chrome OS, and the other five only Windows 8.1/10.
In early August, Intel will announce several K-series processors including Core i7-6700K, and Z170 chipsets and will unveil Skylake-S and Skylake-U series processors and H170/B150 chipsets in early September.
Intel will start mass shipping Skylake processors in October and November. Its top-end six-core and eight-core Broadwell-E processors will be in the shops in the first quarter of 2016. They will use LGA 2011-3 and supporting the X99 chipsets and DDR4 memory.
Finland’s Nokia, once the world’s largest mobile phone manufacturer, has debuted a spherical camera designed for making 3D movies and games that can be watched and played with virtual reality headsets.
The device, showcased at an event in Los Angeles, takes video and audio in 360 degrees with eight sensors and microphones, and is the first from Nokia’s digital media solutions business — one of its new focuses for future growth.
Nokia is going through restructuring after selling its mobile phone business to Microsoft last year and following that up with a proposed 15.6 billion euro ($17.2 billion) acquisition of Alcatel-Lucent, which is set to boost its main network equipment business.
“We expect that virtual reality experiences will soon radically enhance the way people communicate and connect to stories, entertainment, world events and each other,” Nokia executive Ramzi Haidamus said in a statement.
In May, GoPro introduced a similar system using 16 cameras and Google’s software, while several other technology companies such as Facebook and Samsung have announced different plans to enter the virtual reality market.
Nokia is also planning to come back to the phone business by designing and licensing handsets once its deal with Microsoft allows it to do that late next year.
Internet.org turns one year old this week, and Facebook says it’s ready to scale the project to reach more people.
The company is making it easier for more mobile operators to join the project by launching an online portal where they’ll find technical tools and best practices to help them get started.
So far, Facebook has been working with about a dozen operators in 17 countries to provide an app that gives people free access to a set of basic Internet services.
According to Facebook, people who use the app quickly become paying subscribers — something that will no doubt appeal to the mobile operators it’s trying to partner with.
“Internet.org brings new users onto mobile networks on average over 50 percent faster after launching free basic services, and more than half of the people who come online through Internet.org are paying for data and accessing the Internet within the first 30 days,” Facebook said.
The Internet.org mobile app is perhaps the most tangible element in Facebook’s efforts to expand Internet access — and its own services — to more people throughout the world. It’s also using satellites, drones and lasers that can beam Internet signals through space to bring people online.
While the number of people with Internet access continues to grow, 4.2 billion of the world’s roughly 7.4 billion people will still be offline by the end of the year, according to data from the International Telecommunication Union.
The Internet.org app typically includes a stripped-down version of Facebook and access to other free services like weather reports, health information and services for finding jobs.
CEO Mark Zuckerberg has said Facebook could become the Internet on-ramp for the world.
Researchers from the University of Salerno and the Sapienza University of Rome in Italy have used three different techniques to obfuscate exploits like the ones usually used in drive-by download attacks.
Functionality provided by HTML5 can be efficient for malware obfuscation, the Italians have proved.
Modern security software can detect a big chunk of threats, but if they use some HTML5 features to hide the exploits served in drive-by download attacks, they could evade static and dynamic detection systems.
Experts say some of these APIs can be used to deliver and assemble the exploit in the web browser without being detected.
One method dubbed “delegated preparation” involves delegating the preparation of the malware to system APIs.
Another called “distributed preparation,” shares the code over concurrent and independent processes running within the browser.
A third involves triggering the code preparation based on the user’s actions on the malicious webpage or website.
VirusTotal detection rates for these sorts of obscured attacks remains low.
The paper published by researchers, with the catchy title of “Using HTML5 to Prevent Detection of Drive-by-Download Web Malware,” contains recommendations about some of the steps that can be taken to counter these obfuscation techniques.
Intel is expected to upgrade its Compute Stick and NUC solutions to Skylake processors starting October.
ECS, Gigabyte, Asustek and ASRock are expected to launch related products.
Sales for the Compute Stick and NUC have been rising and it appears that Intel sees gold in the mini PC segment’s potential. NUC s are seeing stable demand in Japan, China, Southeast Asia, Latin America and Europe.
Intel is set to release solutions with its new Core m5/m3 processors codenamed Cedar City in the fourth quarter for the Compute Stick.
The new Compute Stick will feature 4GB of memory, 64GB of storage space and support Ultra HD. It will be based around the Core m3-6Y30 processor, which is set to release in October. It will also have Windows 10.
The version with the Core m5-6Y57 vPro processor, will not come with a pre-installed operating system. In the first quarter of 2016, Intel is planning to launch inexpensive Atom x5 processors.
In November, Intel will launch two Skylake-based processors codenamed Swift Canyon, specifically for the NUC segment and will release high-end Core i7 processors at the end of the first quarter 2016 to improve the product line’s specifications and functions.
The software genii at Apple have redesigned their OSX software to allow malware makers to make designer micro-software that can infect Macs with rootkits.
Obviously the feature is one that Apple software experts designed specifically for malware writers, perhaps seeing them as an untapped market.
The bug in the latest version of Apple’s OS X allows attackers root user privileges with a micro code which could be packed into a message.
Security researcher Stefan Esser said that this was the security hole attackers regularly exploit to bypass security protections built into modern operating systems and applications.
The OS X privilege-escalation flaw stems from new error-logging features that Apple added to OS X 10.10. Plainly the software genii did not believe that standard safeguards involving additions to the OS X dynamic linker dyld applied to them because they were protected from harm by Steve Job’s ghost.
This means that attackers to open or create files with root privileges that can reside anywhere in the OS X file system.
“This is obviously a problem, because it allows the creation or opening (for writing) of any file in the filesystem. And because the log file is never closed by dyld and the file is not opened with the close on exec flag the opened file descriptor is inherited by child processes of SUID binaries. This can be easily exploited for privilege-escalation,” Esser said.
The vulnerability is present in both the current 10.10.4 (Yosemite) version of OS X and the current beta version of 10.10.5. Importantly, the current beta version of 10.11 is free of the flaw, an indication that Apple developers may already be aware of the vulnerability.
An Apple spokesman said that engineers are aware of Esser’s post of course they did not say they would do anything about it. They will have to go through the extensional crisis involved in realising that their product was not secure or perfect. Then the security team will have to issue orders, signed in triplicate, sent in, sent back, queried, lost, found, subjected to an internal inquiry, lost again, and finally bury it in soft peat for three months and recycled as firelighters.
IBM has added another stick to its pile, picking up a company called Compose to increase its standing in the cloud database-as-a-service (DBaaS) market.
The firm has come straight out with the news and explained how it expects to benefit.
Compose, it said, offers a bountiful on-demand business and will let IBM roll out DBaaS offerings to a presumably hungry market. IBM has a big focus on the cloud and likes to see action around its Bluemix platform.
IBM said that Compose is a player in the MongoDB, Redis, Elasticsearch and PostgreSQL DBaaS game, and that this honour will extend itself to the new parent and its punters.
“Compose’s breadth of database offerings will expand IBM’s Bluemix platform for the many app developers seeking production-ready databases built on open source,” said Derek Schoettle, general manager of IBM cloud data services.
“Compose furthers IBM’s commitment to ensuring developers have access to the right tools for the job by offering the broadest set of DBaaS and the flexibility of hybrid cloud deployment.”
IBM acquires @composeio as complement to Cloudant CouchDB, cloud data warehouse, dashDB, and more #bluemix services. https://t.co/2j4ASqisGi
— IBM Bluemix™ (@IBMBluemix) July 23, 2015
There is money behind this, and IBM said that the DBaaS market is likely to be worth almost $20bn by 2020 thanks to thousands of companies and their multitudes of demands for easy to grasp databases. This is not the first cloudy move the firm had made.
Compose, naturally, is keen on the arrangement and expects that its union with the veteran firm will increase the scale of its services, and allow customers more freedom to innovate.
“By joining IBM, we will have an opportunity to accelerate the development of our database platform and offer even more services and support to developer teams,” said Kurt Mackey, co-founder and CEO at the firm.
“As developers, we know how hard it can be to manage databases at scale, which is exactly why we built Compose – to take that burden off our customers and allow them to get back to the engineering they love.”
No financial terms were revealed.
The Apple Watch and Apple Watch Sport models will be sold at more than 300 Best Buy stores in time for the holiday shopping season, a spokeswoman for Apple Inc said.
“Customers love Apple Watch, and we are thrilled to begin offering it at Best Buy,” she said in an email.
Best Buy is the first retailer to sell the watch outside of the Apple retail store.
“The Apple Watch is an important addition to an emerging product category, and we know our customers want it,” Jason Bonfig, senior category officer, said on the Best Buy website.
The company said the product will also be available on its online store BestBuy.com.
The Wall Street Journal first reported that the Apple watch was coming to Best Buy.
Apple Chief Financial Officer Luca Maestri told Reuters earlier this month that sales of the Apple Watch had beat the company’s expectations. He said in the nine weeks since its launch in late April, the device had sold better than either iPhones or iPads over a similar period after their launch.
Amazon.com Inc’s shares surged more than 20 percent last Friday, adding more than $46 billion to the company’s market value, after strong growth in the e-commerce giant’s cloud business drove a surprise quarterly profit.
The company’s market capitalization soared to more than $270 billion, overtaking that of Wal-Mart Stores, the world’s biggest retailer.
Revenue from Amazon’s cloud operations – Amazon Web Services (AWS) – nearly doubled in the second quarter, indicating that the business was poised to drive sustainable earnings for the online retailer, Wall Street analysts said.
Operating margins at the unit jumped to 21.4 pct from 7.7 percent.
“Product sales are Amazon’s bread, but AWS is its butter,” Wedbush Securities analyst Michael Pachter said in a note, raising his price target on the stock by 21 percent to $700.
“They delivered a pretty large profit, we expected a loss … they exercised discipline and did not invest in new consumer electronic product launches.”
Investors have raised concerns that the company’s aggressive spending may not pay off. But strong growth in AWS and positive commentary on the Amazon Prime service allayed some worries.
Amazon Prime members, who pay $99 a year for speedier delivery and exclusive access to certain movies, music and Kindle books, tend to spend more than regular users of Amazon’s services.
“The scale of their distribution network is starting to generate better incremental margins,” Barclays analyst Paul Vogel said.
“That, coupled with the continued strong growth in both revenue and margins at AWS, moves us from cautious to optimistic on the next year of growth for Amazon.”
Amazon, which last reported a profit in the fourth quarter of 2014, considers AWS its main engine of growth, along with Amazon Prime and Marketplace, where the company acts as a middleman for third-party vendors.
Microsoft is very close to releasing Advanced Threat Analytics (ATA) the security sure-up that it first announced three months ago.
ATA, or MATA as we called it for our own small amusement, is the result of three months’ real world testing, and the culmination of enough user feedback to inform a final release.
That final release will happen in August, which should give you plenty of time to get your head around it.
Hmmm. Microsoft’s Advanced Threat Analytics seems like a very good idea focused on the enterprise.
— Kevin Jones (@vcsjones) May 4, 2015
Idan Plotnik, who leads the ATA team at Microsoft, explained in an Active Directory Team Blog post that the firm is working towards removing blind spots from security analytics, and that this release should provide a strong and hardy tool for the whacking away of hacking.
“Many security monitoring and management solutions fail to show you the real picture and provide false alarms. We’ve taken a different approach with Microsoft ATA,” he said.
“Our secret sauce is our combination of network Deep Packet Inspection, information about the entities from Active Directory, and analysis of specific events.
“With this unique approach, we give you the ability to detect advanced attacks and stolen credentials, and view all suspicious activities on an easy to consume, simple to explore, social media feed like attack timeline.”
The Microsoft approach is an on-premise device that detects and analyses threats as they happen and on a retrospective basis. Plotnik said that it combines machine learning and knowledge about existing techniques and tactics to proactively protect systems.
“ATA detects many kinds of abnormal user behaviour many of which are strong indicators of attacks. We do this by using behavioural analytics powered by advanced machine learning to uncover questionable activities and abnormal behaviour,” he added.
“This gives the ability for ATA to show you attack indicators like anomalous log-ins, abnormal working hours, password sharing, lateral movement and unknown threats.”
A number of features will be added to the preview release, including performance improvements and the ability to deal with more traffic, before general availability next month.
Named Send, the new tool aims to deliver a simple experience much like that offered by text messaging or instant messaging software but without the need to know a co-worker’s mobile number or username. Instead, Send lets users quickly fire off a message to any co-worker using just their email address; no subject line, salutations or signatures are required.
“On my way,” might be one example, or “Are you in the office today?”
The app connects to Office 365 business and school email accounts to find frequent and recent contacts; users need only tap on one to start a conversation. A “Quick Reply” option allows for speedy responses.
That Office 365 connection, meanwhile, also means conversations are synced with Outlook, letting users continue them from anywhere. Messages sent using Send are treated internally like any other work email and comply with an organization’s email compliance policies, Microsoft said.
Send is now available free for iPhone through the Microsoft Garage in the U.S. and Canada. Versions for Windows Phone and Android are coming soon, as are additional IT controls. Currently the app works with Office 365 business and school email accounts, but Microsoft plans to make it more broadly available in the coming months, it said.