Xiaomi plans IPO to raise up to $100 billion

Last month, Xiaomi executive Wang Xian said that the company, rumored to be in talks with U.S. carriers, will finally establish a presence in the states within two years. To help the company gear up for the heavy financial load that such a move requires, Xiaomi is planning an Initial Public Offering (IPO) to raise as much as $100 billion. Just four years ago, the manufacturer raised more than $1 billion in a deal that valued the firm at $45 billion. Just the year before that, in 2013, the firm had a valuation close to $13 billion.

Last year was a strong bounce back year for Xiaomi after …


Sprint parent SoftBank files for $18 billion IPO of its mobile phone division

SoftBank, the Japanese telecom company that owns 80% of U.S. carrier Sprint, is considering an IPO that would spin off the company’s mobile phone unit. The offering would be made on the Tokyo, London and other overseas stock exchanges, and will allow the company to raise the equivalent of $18 billion. After the offering, the mobile phone unit will still be under SoftBank’s control. However, SoftBank will have a large pile of cash to use for investments in foreign IT companies, according to Reuters.

The IPO would offer 30% of SoftBank’s mobile phone unit and the company would keep the remaining …

WSJ: Qualcomm to get European approval to purchase NXP for $39 billion

Qualcomm, the company that designs the Snapdragon mobile chipsets used on the majority of smartphones, is expected to be given approval today from European Anti-trust regulators to proceed with its $39 billion purchase of semiconductor manufacturer NXP. In order to obtain this approval, Qualcomm had to agree to certain conditions. For example, the San Diego based company cannot buy NXP’s standard essential patents, and Qualcomm had to promise that rival products will still work with NXP’s.

The deal was originally proposed by Qualcomm back in October 2016, and this past November Qualcomm …

What backlash? 'The Last Jedi' just crossed $1 billion at the box office

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While the rest of the world was off ringing in the New Year, Star Wars: The Last Jedi was busy crossing an important landmark. 

Actually, make that two.

Less than three weeks after its debut, The Last Jedi has officially crossed the $1 billion mark at the worldwide box office. As of writing, its total is up to $1.04 billion, according to Box Office Mojo

Only Beauty and the Beast and The Fate of the Furious did better globally in 2017, with $1.26 and $1.24 billion, respectively. (Despicable Me 3 lags just behind with $1.03 billion.) Read more…

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Apple could be fined up to $11.5 billion in France after being accused of planned obsolesence

A week ago today, Apple revealed that it slows down the CPU on older iPhone units with aging batteries in order to prevent the devices from shutting down. This led a number of iPhone users to file a lawsuit against Apple for breach of contract, as Apple never informed users that it throttles the speed of their device. Apple is also being accused of slowing down the CPU on older handsets whenever the latest iPhone models are released.

Yesterday, a French consumer organization called HOP, which stands for “Stop Planned Obsolescence,” filed suit against Apple in France. Joining Apple in the …

The iPhone X order cuts news erase $14 billion off Apple's market cap

Yesterday’s supply chain heartbreaker of a story that Apple has cut its iPhone X orders by the whopping 40% – from 50 million to 30 million units – is making ripples with investors, it seems, as the tech giant’s stock started well in the red today. Apple saw about $14 billion of its market capitalization evaporate thanks to this rumor, so instead of running unabashedly towards the trillion dollar cap, it’s dipped well below $900 billion now.
All eyes will be on Apple’s first quarterly results after the iPhone X introduction, as the “all-screen” handset is supposed …

Raking it in: Samsung Display rumored to make $20 billion in revenue from iPhone panels in 2018

A new report from Korea indicates that Samsung Display will churn out between 180-200 million flexible OLED screens for Apple’s iPhones in 2018. 

If this information proves to be accurate, this would mean that Samsung Display will collect between $19.8 to $22 billion in revenue from these panels alone, since the estimated cost of a display module (consists of an AMOLED panel, cover glass, and Force Touch sensor) is around $110 (according to data from IHS Market). 
It is estimated that Samsung Display produced around …

Sprint: no 'kiss on the cheek' with T-Mobile again, but rather $6 billion into a better network

After the failed merger talks with T-Mobile, the two smaller US carriers are now on their own, and have to significantly up their game in terms of coverage, if they want to compete with the investments of Verizon and AT&T. That is why Sprint revealed a $6 billion network expenditure plan for 2018 that may double what it spent this year on improving coverage. Sprint is about to build thousands of new towers, said CFO Tarek Robbiati during an investor conference.

While the tower rollout will be focused on areas where rapid population growth has exceeded Sprint’s coverage, …

Americans spent over $5 billion on Black Friday

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Did you buy something on Black Friday? You’re not alone! Unsurprisingly, the biggest retail day of the year delivered its promised spoils for customers and companies with over $5 billion spent, according to analysis from Adobe. 

According to Salesforce, digital sales rose 24 percent, with 60 percent of online traffic and 42 percent of sales coming from mobile devices.

The average Black Friday user spent $122, per Salesforce, and $135 according to Adobe. While the numbers are slightly different, it’s clear that digital is dominating and computers are slowly falling behind mobile internet devices.  Read more…

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Pokemon GO debuts Global Catch Challenge where players must catch 3 billion Pokemon

The folks over at Niantic have just announced two new events that will take on the world in the next week or so. The first one is called Pokemon GO Travel, a video series where you can see the world through the eyes of a Pokemon Trainer.

Then, there’s the first-ever Global Catch Challenge where players must catch 3 billion Pokemon in just 7 days. The challenge will end on November 26 and the results will be made public along with the rewards that every Pokemon Trainer will receive in case the attempt will be successful.

Also, Niantic announced that the Global …