Bloomberg's Olivia Sterns reports on HTC Corp.'s rise to become the world's third-largest smartphone maker, pushing Nokia Oyj into fourth place.
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Tech wrap: HTC trumps Nokia
Apr 12, 2011 17:33 EDT
An employee holds a HTC Sensation mobile phone during its launch in London April 12, 2011. Taiwanese smartphone maker HTC unveiled on Tuesday a new handset model that offers a library of movies and TV shows via a wide screen that will be available on the Vodafone network. REUTERS/Luke MacGregorHTC launched the HTC Sensation, offering an entire library of movie and TV shows via a wide screen, with a fast 1.2GHz processor. While Nokia, which dumped its once-dominant Symbian software earlier this year after falling behind Apple in the high-end handset market, launched two new models improved with better text input, faster Internet browsing and a refreshed Ovi Maps application, in a bid to stem customer defections while it works on a new offering.
“The new HTC Sensation phone reflects the mountain Nokia needs to climb to close the hardware and software gap with its rivals,” said Ben Wood, research director at CCS Insight. “On the day Nokia unveils the 600Mhz X7 ‘entertainment phone’ it has been trumped by HTC’s Sensation which has a dual-core 1.2Ghz processor”.
Cisco Systems will dump its Flip video camera division, retiring the popular brand rather than selling it in a first step toward reviving a company CEO John Chambers admits has lost its way. The decision to nix Flip, along with a planned folding of its Umi home videoconference business into the more successful TelePresence arm, underscores Chambers’ need to whittle down a money-losing consumer division that also includes Scientific Atlanta set-top boxes and Linksys home routers. Among the steps announced, Cisco plans to combine its lackluster Umi service with its TelePresence system for corporate clients. The company will also change the way it manufactures its Linksys line of networking equipment.
As smartphones gain functionality like video recording and GPS, what do you no longer see a need for?
The Huffington Post unfairly pocketed more than $100 million from its unpaid bloggers when AOL Inc bought the influential news website in February, according to a lawsuit filed on Tuesday. Arianna Huffington, co-founder of the website, sold it to AOL for $315 million.
VeriFone Systems, the largest U.S. maker of payment terminals, said it expects to ship over 1 million near-field communication (NFC)-enabled systems this year, underlining growing momentum for a technology that allows shoppers to buy with a wave of a smartphone. The number of mobile payment users is expected to top 340 million in 2014, ringing up $245 billion worth of transactions, according to research firm Gartner.
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