Samsung to invest $7bn in chip factory in China
Industry Analyst Strategy Analytics has released estimates for the size of the Android smartphone market during the first quarter of 2013, declaring that Korean device vendor Samsung captured 95 per cent of profits from Android devices in the period.
US operator Sprint Nextel has blamed delays caused by equipment vendors for stifling the rollout of its Network Vision project, in a filing to the US Securities and Exchange Commission. As a result, the operator said that it had been forced to revise its plans to bring 12,000 multi-mode base stations on-air by the end of 2012, pushing the deadline back to 1Q13.
Telefónic, Intel and Samsung’s investment units have each made a decision to invest undisclosed amounts in San Francisco start-up Expect Labs. The start-up is developing a platform to power a “new generation of intelligent digital assistants”, and has already benefitted from investments from Google and venture capital firm Greylock.
It was an overwhelmingly numbery week this week, as Q1 financials deluged the Informer’s inbox. Over the weekend the mainstream press were all aflutter about the fact that Apple was going to report a drop in quarterly profits. This duly happened, but fluctuations are relative and when your profits are plummeting all the way to $9.5bn for the quarter, it’s hardly a catastrophe.