Sony generated $780 million in operating profit during its first quarter this year, passing analyst expectations and securing a 39% year-over-year improvement. Sales were driven largely by Sony's camera sensor and PlayStation 4 units, signaling that the company's restructuring under CEO Kazuo Hirai is working.
Samsung Electronics hinted that it will cut prices on its Galaxy S6 phones following a quarter of disappointing sales of the flagship handsets and a fifth straight quarter of profit declines. The curved-screen S6 Edge proved popular, but Samsung failed to produce enough units to meet demand. The South Korean company will release more low-end models and move up shipments of its next Galaxy phone. Mobile revenues fell by 37% from the same period a year ago.
Representatives from four trade groups are requesting that Congress ease up on security and privacy regulations for the Internet of Things. "It's up to manufacturers and service providers to make good decisions about privacy and security, or they will fail in the marketplace. Industry-driven solutions are best to promote innovation while protecting consumers," said Gary Shapiro of the Consumer Electronics Association.
Television-makers have marketed curved TVs as a solution for better viewing angles and immersive viewing in the home, but high prices kept consumers from latching on to the trend, which has caused manufacturers to shift gears toward ultra-thin flat screens, Karine Heyden writes.
Best Buy will stock 360fly's 360-degree camera in 900 stores across the country starting in September after signing an exclusive distribution deal. "Having mass retail visibility at launch is extremely important to us, as we believe our camera goes beyond the extreme sports market and can be used in everyday lifestyle applications," 360fly's Michael Lanzon said.
Dell could reportedly take its SecureWorks cybersecurity business public, a move that could make the unit worth more than $1 billion, sources say. Dell purchased SecureWorks in 2011 for $612 million.
Motorola will release a pair of new Moto X and Moto G phones in the U.S. and a third handset that it will limit to overseas sales, the Lenovo unit said Tuesday. The new $399 Moto X Style -- which will be marketed as the Moto X Pure Edition in the U.S. -- will run on any network and feature a 5.7-inch display. A revamped Moto G, Motorola's most popular phone, will cost $180.
Large surfaces such as walls, tables or other areas could serve as displays from mobile and connected devices with technology under development at Fujitsu Laboratories. Multiple users could access the system, displaying images on common spaces as well as individual screens.
Passage of the U.S. Senate's proposed Cybersecurity Information Sharing Act may be met with more delays as senators take up other legislation, such as Planned Parenthood funding, after they work on the Highway Trust Fund measure. Critics add that the CISA bill has its problems, including serious privacy concerns and questions about whether it can prevent future cyberattacks. Senate Majority Whip John Cornyn, R-Texas, says the bill will probably not be passed until after Congress' summer recess.
The Amazon Launchpad platform, launched Tuesday, gives startups already backed by venture capitalists or crowdfunding campaigns a place where they can reach customers and market and distribute their products to them. The company opened its Launchpad marketplace with 200 products, including those aimed at the Internet of Things.