The Mi 4 has a 5 inch, 1080p screen and a Qualcomm Inc Snapdragon 801 2.5 Ghz processor, said Chief Executive Lei Jun at a launch event in Beijing.
But sheathed in iPhone-like metal sides, the Mi 4′s similarities to Apple’s smartphone drew murmurs from the crowd of ‘iPhone’ when showcased by Lei.
Founded in 2010 by Lei, Xiaomi seeks to cut costs by eschewing brick-and-mortar stores in favor of web-based distribution and word-of-mouth marketing.
Xiaomi became the world’s sixth-largest smartphone vendor in the first quarter of 2014, according to data firm Canalys, after repeatedly doubling its sales. The company was valued at $10 billion last year.
Xiaomi sold 18.7 mln smartphones in 2013 and on Tuesday maintained a 60 million sales target for 2014. For comparison, Huawei Technologies Co Ltd has said it is targeting 80 million smartphone sales for the year.
The latest phone was unveiled at a glitzy launch event at the National Convention Center in Beijing, where Lei Jun and Vice President Hugo Barra – a former Google executive – posed for photos with a winding queue of fans decked in Xiaomi-branded red T-shirts.
Barra told Reuters in an interview this month that the company was actively targeting the Indian market.
Western Digital has announced an upgrade of its WD Red range, providing a single brand structure across consumer and enterprise.
The WD Red range is aimed primarily at network attached storage (NAS) applications, and is joined by a new WD Red Pro line. Both sub-ranges are controlled by upgraded firmware called NASware 3.0.
At a briefing last week, Western Digital’s UK country manager Jermaine Campbell explained that the new firmware will be able to instruct the drive to work in different ways according to the function it is performing at the time, therefore adapting its performance to best use system and energy resources.
In addition, it increases the number of bays supported from five to eight without performance impact, with the Pro range able to support up to 16 bays and rack mounted configurations.
3D Active Balance combines firmware instruction with a new flexible drive head to provide vibration protection and judder compensation for improved reliability.
The consumer range introduces 5TB and 6TB capacities to the range, joining the existing 1TB, 2TB and 4TB models. The Pro range is available in 2TB and 4TB versions. The five platter 6TB version is, WD claims, a first to market for a NAS specific drive.
Campbell explained that “the market wants high capacity” and confirmed that WD still believes that “platter based drives offer the best combination of performance and price”.
Pricing for the drives ranges from $399 for the 5TB and $440 for the 6TB, backed by a three-year warranty. The Pro range starts at $224 for 2TB up to $299 for 4TB with a five-year warranty.
WD Red drives can also be found in the company’s Mycloud range of consumer NAS devices with personal cloud functionality.
There were 632 million Internet users in China in June, according to the government-linked China Internet Network Information Center (CNNIC).
Although China has long reigned as the country with the world’s largest Internet population, the services are still struggling to take off in the rural areas, where about 450 million people never go online, said the CNNIC in its bi-annual report.
Total Internet penetration in China is at 46.9 percent. This is far lower than the U.S, which has a penetration rate of 87 percent, according to Internet World Stats.
Many of these non-Internet users in China have low education levels, and have little need to surf the Web, the research group added. To increase adoption, the CNNIC recommended that the country focus on teaching rural elementary students Internet skills.
The slowing growth in Internet usage in China follows a rapid rise in the Internet population there, from just 94 million over a decade ago. Most of the growth has taken place in the country’s urban areas, where the Internet market has begun to mature.
In June, China had 527 million users who went online with mobile phones, which have now overtaken PCs, including both notebooks and desktops, as the most popular way to reach the Internet, the CNNIC said.
Online messaging, search engines, and news are the country’s top Internet services. But social networking sites are facing a decline in popularity, with their user numbers falling by 7.4 percent to 257 million in the last six months. The sites are struggling to innovate, and meet the demands of users, CNNIC said in its report.
Lenovo on Friday said it would continue selling sub-10-in. Windows tablets in the U.S., backing away from statements it made the day before, when it said it was pulling the ThinkPad 8 from the North American market and had discontinued offering a model of the Miix 2.
“We will continue to bring new Windows devices to market across different screen sizes, including a new 8-inch tablet and 10-inch tablet coming this holiday,” Lenovo said in a press release published on its website Friday.
“Our model mix changes as per customer demand, and although we are no longer selling ThinkPad 8 in the U.S., and we have sold out of Miix 8-inch, we are not getting out of the small-screen Windows tablet business as was reported by the media (emphasis in original),” the statement continued.
On Thursday, the IDG News Service — like Computerworld, owned and operated by IDG – reported the withdrawal of the ThinkPad 8 and the 8-in. Miix from the U.S. market. The ThinkPad 8 had debuted in January at prices starting at $449, and the similarly-sized Miix had launched in October 2013.
Lenovo told IDG News that it was diverting remaining stocks of the ThinkPad 8 to other countries, including Brazil, China, and Japan, where demand was stronger for smaller Windows 8.1-powered tablets.
The China-based company, which has made impressive gains in the global market — it was the world’s largest personal computer seller during the second quarter, ahead of Hewlett-Packard and Dell, according to IDC — did not say exactly when it would return with an 8-in. device. If it begins selling the unnamed device in October, typical of OEMs that seed the channel then for the holiday sales season, it will have been absent from the market for two or more months.
The UK Government isn’t doing enough to warn about the risks of cybercrime on a mass level, security firm Kaspersky has claimed.
Speaking at a company roundtable event at the firm’s European hub in London on Thursday, Kaspersky security researcher David Emm said isn’t doing as much as it could be to educate people about cyber security.
“I’d like to see the government doing more to get the message out to mainstream citizens and individuals because that’s the bone in which the industry is growing; the individuals with ideas,” Emm said
“If you look at it, the recent Cyber Street Wise campaign aside, I don’t think the government is doing very much in terms of mainstream messaging and I would certainly like to see it do more.”
Emm used the example of major UK marketing campaigns promoting the dangers of drink driving as an ideal model because they have been drilled into us over the years.
“As parents, we’ve this body of common sense, such as drinks driving, and it’s drip, drip, drip, over the years that has achieved that and I think we need to get to a point where we have some body of online common sense in which business people can draw upon; there’s definitely a role for education.”
Barclay’s bank, which was also present at the roundtable, agreed with Emm.
“The government really needs to recognise this is a serious issue – if you’re bright enough to set up your own business, you’re bright enough to protect yourself,” added the firm’s MD of fraud prevention Alex Grant.
Emm concluded by saying that the government’s Cyber Street Wise campaign that was launched in January was good enough to make people aware of the risks of cybercrime in the metropolitan areas. However, he said he’d like to see the government focus more on regional areas as people in sparsely populated areas weren’t as aware of it.
Kaspersky’s roundtable took place as part of the firm’s launch of a report that found small businesses in the UK are “woefully unprepared” for an IT security breach, despite relying increasingly on mobile devices and storing critical information on computers.
The study found that nearly a third, or 31 percent, of small businesses would not know what to do if they had an IT security breach tomorrow, with four in ten saying that they would struggle to recover all data lost and a quarter admitting they would be unable to recover any.
The electronics giant’s FeliCa Networks subsidiary is modifying its FeliCa contactless card technology, widely used in Japan for public transit and e-money payments, for wearables.
The company is designing a low-power chip that could be used in wearables such as smartwatches and smart bands, giving them contactless e-money or transit functions or access to restricted areas.
That would allow users to board a train or bus simply by waving a smartwatch near a chip reader, eliminating the need for a separate smart card.
“The wearables field is just beginning so we’re considering what users will want with this functionality as well as what degree of compactness and power savings it will have,” a spokeswoman for FeliCa Networks said.
The company is also developing FeliCa smartcards with small LCD screens and a touch interface that can display information when users swipe their fingers across the cards.
This “interactive FeliCa card,” still in the prototype stage, can show the remaining balance of money stored in the card, for instance, or payment history.
While about 45 million Android smartphones in Japan have had the FeliCa chip since 2012, iPhones do not support it. The LCD smart card could link with iPhones via Bluetooth so users could check their balances on their phones.
FeliCa Networks hopes to introduce the LCD smartcards in the year to April 2016.
One in two people in Japan has a mobile phone with NFC FeliCa phone functions, according to FeliCa Networks.
The company has shipped more than 236 million of its Mobile FeliCa chips as of December 2013, while Suica, a FeliCa-based smartcard for railways in the Tokyo area, can be used in 230,000 stores.
Consumer and business shoppers can pay for products directly via bitcoins or through Coinbase, a third-party payment processing company, Dell said.
Buyers can pay for products through Bitcoin wallets or by scanning a QR code with a smartphone.
The volatile Bitcoin has had its share of controversies and exchange shutdowns as the currency matures. Companies like Overstock.com, Newegg, Expedia and some Amazon storefronts accept Bitcoin as a form of payment. But major retailers like Walmart and eBay have not warmed up to the idea. The value of one bitcoin was around $630 as of Friday, according to multiple cryptocurrency website.
There are some advantages to paying via Bitcoin. The form of currency is accepted around the world, and for Dell, the payment-processing cost is less than with credit cards.
But the form of payment has its quirks.
“Due to the nature of the Bitcoin network, once you initiate a Bitcoin transaction you cannot change or cancel it,” Dell said on a terms and conditions page.
Customers could seek refunds in the case of canceled transactions or product returns.
“For a qualifying return of product paid for in Bitcoin, any refund due will be remitted to the purchaser via check in U.S. Dollars for the full amount of the purchase price paid at the time of the original transaction, less any applicable restocking fees,” Dell said.
Google Inc is the more properly positioned than any company to benefit from the shift to mobile, increased local advertising and wearables, analysts said after the search giant posted its 18th straight quarter of 20 percent-plus revenue growth.
At least eight brokerages raised their price targets on the stock on Friday by as much as $75, to a high of $745.
The company, which is also set to benefit from the so-called “internet of things”, said that second-quarter revenue rose 22 percent to $15.96 billion, beating the average analyst estimate of $15.61 billion.
Growth was driven by the company’s core search business, YouTube and product-listing ads, which combined to drive three times as much mobile traffic for merchants compared with last year, Jefferies analysts wrote in a note.
Brokerage Jefferies maintained its “buy” rating and $700 price target on the stock.
Of the 46 analysts covering Google, 36 have a “buy” or a higher rating on the stock and 10 have a “hold”. There are no “sell” ratings, according to StarMine data.
Google earns most of its revenue from advertising.
The number of “paid clicks” by consumers on ads serviced by Google increased 25 percent year-on-year in the quarter.
However, the average price of the ads declined 6 percent as ad rates on mobile phones are typically cheaper than traditional online ads because of their smaller screens.
“Google is successfully transitioning its business from PC to mobile, and is arguably in a more favorable position in mobile than it was in PC, which should eventually be reflected in a higher multiple,” Deutsche Bank analyst Ross Sandler wrote in a client note.
Google also owns Android, the world’s most-used mobile software, and YouTube, the most popular video-streaming service.
Other online companies such as Facebook Inc and Twitter Inc are also revamping their advertising businesses to take advantage of the shift to mobile devices.
But Google has established unusually deep competitive “moats” around its business through scale, aggressive product innovation and substantial investment, RBC Capital Markets analysts wrote in a research note.
Google’s capital investment budget has topped $17 billion over the past five years, and the company has spent about $13 billion on research, according to analysts.
The company is also spending big to push into new markets with innovations such as wearable computers, ultra high-speed internet access and home automation – the “internet of things.”
The company looked at the top 50 free apps in Google’s Play Store and then searched Google’s app store and others to see if fake versions existed. It found fake versions existed for 77 percent of the apps. The fake apps are often made to look like the real ones and have the same functions, but carry a dangerous extra payload.
“We’ve been tracking the activity of malicious or high-risk apps for nearly five years,” said JD Sherry, vice president of technology and solutions at Trend Micro. “The potential for people to slip things past the gate and appear legitimate is much easier.”
Tokyo-based Trend Micro, which makes antivirus and antimalware software that guard against such risks, said it cataloged 890,482 fake apps in a survey conducted in April this year. More than half were judged to be malicious of which 59,185 were aggressive adware and 394,263 were malware.
The most common type of fake app purports to be antivirus software — targeting users who think they are protecting themselves from such problems. In some cases, the apps ask users to approve administrator privileges, which allow the app wider access to the phone’s software and data and make it more difficult to remove.
While many of the fake apps exist on forums or third-party app stores where security is either weaker than Google’s Play Store or nonexistent, fake apps can also invade the official Google store.
“A more recent example of a rogue antivirus app known as “Virus Shield” received a 4.7-star rating after being downloaded more than 10,000 times, mostly with the aid of bots,” Trend Micro said in its report.
Cheekily, scammers charged $3.99 for the fake app, which promised to prevent harmful apps from being installed. It was removed by Google after a few days, but not before it fooled thousands of users and even became a “top new paid app” in the Play Store. Trend said it was “perplexing” how the app achieved “top” status.
Attackers sometimes play on hype for apps.
When the “Flappy Bird” game was taken off the Play Store, fake versions appeared, some of which sent premium text messages. And before BlackBerry released its BBM messenger app for Android, a number of fake versions appeared that were downloaded more than 100,000 times.
Trend Micro’s report was published on the same day Google said it had formed a security team to go after so-called “zero-day” exploits in software that allow attackers to target users before software companies issue patches.
Sherry said he thought Google’s announcement was “ironic” considering the large number of problems Trend Micro found in Google’s own backyard.
The as-yet-unreleased service would offer unlimited access to more than 600,000 book titles and thousands of audiobooks on any device, according to a test page that was briefly online. The test page was cached before it was taken down.
The test page was apparently first spotted by gigaom.com.
Amazon.com did not immediately respond to a request for comment.
The test page notes that popular titles in Kindle Unlimited include books likeWater for Elephants and Life of Pi. It also includes the Hunger Games series and the Harry Potter series.
Book categories include science fiction, romance and mystery/thriller and suspense.
If Amazon does release this subscription service, it could be a big deal – not just for the company but for the e-books business.
“This could be a huge game changer in the publishing field, changing the economic model of the entire industry,” said Dan Olds, an analyst with The Gabriel Consulting Group. “There are going to be some sticky problems, like how to work out compensation between the myriad of large and small publishers, plus those who publish for themselves using Amazon as their sole distribution platform. But I think this could be wildly popular with readers.”
For avid readers, it would likely be popular.
“Amazon’s all-you-can-read Kindle buffet would reduce costs for a large number of readers, and at the same time, probably increase Amazon’s Kindle revenue,” said Olds. “While other e-book publishers will see the need to respond with plans of their own, Amazon’s sheer scale will make it difficult for them to come up with a competitive plan. Amazon already has a massive number of publishers and authors on their platform.”
TSMC saw its share price drop dramatically on Thursday as analysts predicted a loss of orders for next generation chips from Apple and Qualcomm.
Falling by almost six percent, the share price fell after industry expert and KGI Securities analyst Michael Li predicted that big device and chip designers such as Apple and Qualcomm will likely buy a larger proportion of 14nm smartphone chips from Samsung rather than TSMC beginning in the second half of 2015, according to Reuters.
Liu did not reveal the source of his information, which he issued late on Wednesday following an investor conference held after TSMC reported its second quarter earnings.
Despite the news, TSMC, which is the world’s largest contract chip maker, reported its highest quarterly profit since the end of 2006, and said it expects revenue to grow at least a record 20 percent this year.
However, reports sent TSMC’s share price down by around 5.75 percent in Thursday trade compared with a one percent decline in the benchmark index.
On Wednesday, chip maker Intel posted a quarterly record for microprocessor unit sales with better than expected earnings for the second quarter.
The record-breaking figures showed second quarter earnings of $2.8bn on $13.8bn in revenue, and were owing to the firm’s surprisingly strong sales in the PC client group, which pulled in $8.7bn in revenue, as well as its data center and internet of things divisions.
Intel’s earnings of $0.55 per share were slightly above the expectations of Wall Street analysts, which had forecast lower earnings per share of $0.52 on revenue of $13.69bn.
The boost in the earnings of Intel’s PC client group could be attributable to a growing number of businesses upgrading their old PC systems due to the end of life of Windows XP.
Apple Inc has agreed to pay $450 million to settle U.S. state and consumer claims the iPad manufacturer conspired with five major publishers to fix e-book prices, according to court records filed Wednesday.
The settlement, which would provide $400 million for consumers, is conditioned on the outcome of a pending appeal of a New York federal judge’s ruling last year that Apple was liable for violating antitrust laws.
A ruling by the 2nd U.S. Circuit Court of Appeals in New York reversing the judge could, under the settlement, either reduce the amount Apple pays to $70 million, with $50 million for consumers, or eliminate payments altogether.
“While we cannot predict the outcome of the appeal with certainty, we are confident in the case we made against Apple at trial,” Connecticut Attorney General George Jepsen said in a statement.
Apple in a statement denied that it had conspired to fix e-book prices and said it would continue pressing its case on appeal.
“We did nothing wrong and we believe a fair assessment of the facts will show it,” Kristin Huguet, an Apple spokeswoman, said.
The settlement, which requires approval of U.S. District Judge Denise Cote, had been announced in June. Terms were not disclosed at the time.
It came ahead of an Aug. 25 damages trial, in which attorneys general in 33 states and territories and lawyers for a class of consumers were expected to seek up to $840 million.
The deal follows earlier settlements with five publishers that provided $166 million for e-book purchasers.
Combined with the $400 million from Apple, the recovery is “among the exceedingly rare cases that provide consumers nationwide with double the amount of their estimated damages,” lawyers for the plaintiffs wrote in a motion.
The U.S. Department of Justice and the state attorneys general sued Apple and five publishers in April 2012, accusing them of working together illegally to increase e-book prices.
In July 2013, Cote found Apple liable for colluding with the publishers to impede e-book competitors such as Amazon.com Inc after a non-jury trial.
The publishers include Lagardere SCA’s Hachette Book Group Inc, News Corp’s HarperCollins Publishers LLC, Penguin Group (USA) Inc, CBS Corp’s Simon & Schuster Inc and Verlagsgruppe Georg von Holtzbrinck GmbH’s Macmillan.
Since its introduction, Google’s social network has required that people use their real names in Google+ profiles, as part of an effort to help other people find them through the service.
“You need to provide both your first and last name for your Google+ profile,” the guidelines said. One could be an initial, but not both.
While that may have been a good idea for some, Google conceded Tuesday that it has also excluded people who don’t want to use their real name.
Google’s policy of trying to tie YouTube users’ accounts to their Google+ accounts has also sparked criticism among people who want to leave YouTube comments, or otherwise use the service, more anonymously.
For those reasons and others, Google said Tuesday that on Google+ there were no longer restrictions on the names people could use.
“We know you’ve been calling for this change for a while,” the company said in a blog post. The names policy has led to “unnecessarily difficult experiences” for some users, Google said, adding, “for this we apologize.”
In online comments on the Google+ page, people applauded the change. Others said it was too little, too late, or questioned whether it would lead to more spamming or cyberbullying behind the cloak of a fake name.
“Translation: It’s safe to come out and play again comment trolls,” one person wrote.
To clean up YouTube comments, Google overhauled the commenting system last year, to push “better quality” comments higher up. But shortly after making the changes, Google reported an increase in spam.
The announcement, just days before IBM releases its second quarter earnings, comes as the company attempts to shift its focus to software and services as its hardware unit continues to slump, and follows a string of mobile software acquisitions. The company hopes software sales will contribute half of its total profit by 2015.
The company will release more than 100 apps targeting industry specific issues in retail, healthcare, banking, travel, transportation and telecommunications IBM said on Tuesday.
“We wanted to focus on creating an absolutely irresistible workflow and processes and a design of apps that can be used by every user in the organization,” Bridget van Kralingen, IBM’s senior vice president of global business services told Reuters from Apple headquarters in Cupertino, California.
“We wanted to remove some of the existing barriers of mobile in enterprise,” she said adding that chief information officers worry about security, utilizing cloud and installing apps in mobile devices.
The partnership, which was six months in the making, will offer services geared at security, mobile device management and big data and analytics. The company also plans to develop cloud services optimized for Apple’s mobile operating system, iOS. The devices will operate through wireless carriers chosen by the client, she said.
BlackBerry Ltd shares were down 3 percent following the announcement. The Canadian smartphone maker has increasingly targeted its secure software at businesses as part of an effort to turn the company around after losing ground to Apple’s iPhone and Samsung Electronics Co.
Apple and Samsung have steadily expanded their share of the mobile enterprise market in recent years, mostly at Blackberry’s expense, while Microsoft Windows phones have made little headway.
Increasingly, Apple’s expansion has been driven by employees bringing in their own devices and requesting corporate support, the so-called bring-your-own-IT trend.
Hooking up with IBM may help address lingering concerns about smartphone software security and data privacy, in the form of a veteran partner that’s led in enterprise IT for decades.
“This deal is a very targeted attempt by Apple with the help from IBM to focus on the enterprise, corporate market which has really been the main business of Blackberry,” said Tim Ghriskey, chief investment officer at Solaris Group in Bedford Hills, New York.
The bank amassed huge quantities of Tibco software while it was still within the terms of a license agreement that expired in February 2013, then used the software for the project when it was out of license, according to the suit.
As of Tuesday, Bank of America hadn’t filed a response to Tibco’s suit, which was filed last month in the U.S. District Court for the Northern District of California. But a spokesman said the bank had done nothing wrong.
“We have a long history of positive relationships with our third party partners,” spokesman Mark Pipitone said via email. “In accordance with that, we have acted in good faith to observe the scope of Tibco’s license at all times, and we intend to vigorously defend ourselves.”
Tibco’s lawsuit provides a detailed narrative of Bank of America’s alleged wrongful deeds.
The bank is a long-time Tibco customer, and an addendum to its 2010 license agreement allowed Bank of America to deploy various Tibco products for a further three years from that date, the suit states.
But the license had “specific restrictions” on how the bank could deploy and make copies of the software, Tibco says. The restrictions aren’t specified in the lawsuit, which says some terms of the companies’ agreement are subject to a confidentiality provision.
About six months after the bank’s license expired, Tibco discovered the bank was “rolling out a large integration initiative called Merrill Lynch One,” the suit states.
It was initially deployed to 400 advisors in September 2013, with another 14,000 set to be migrated during this year, according to the suit.
The bank does “not have licensed copies of the TIBCO Registered Software, and have instead made unauthorized copies and used the same for the Merrill Lynch One Project,” the suit alleges.
The alleged stockpiling of software during the three-year license period resulted in an accumulation of copies worth at least $300 million, it says.