Lenovo CEO Yang Yuanqing has admitted that incorporating Motorola Mobility into the Chinese electronics-maker's fold proved a tougher job than expected in saying the company is predicting continued smartphone losses in the "short term." The turnaround plan includes a heavy push for high-end handsets in the US. Lenovo will unveil a pair of smartphones at a June 9 event, Yang said.
Internet of Things startup Netatmo has debuted its developer platform, which is aimed at increasing the number of apps that work with its products. With 14,000 developers already using Netatmo's APIs, the company will focus on giving developers access to its weather station, smart thermostats and cameras and increasing its enterprise customer base.
Semiconductor firm Intel has purchased a startup to help it develop more products of the future, including self-driving cars. The acquisition of software maker Itseez will add Internet of Things and other capabilities to Intel's toolkit. "While the possibilities are exciting, the reality requires solving a myriad of technology challenges," Intel's Doug Davis wrote in a blog post.
GameStop revenue slipped 4.3% in its fiscal first quarter. Net income dipped to $65.8 million, from $73.8 million the year before.
Microsoft is reportedly working on a slimmed-down, more affordable Xbox console for release this year, as well as a console capable of handling virtual reality that is expected to launch in 2017. The releases could signal a new console strategy for Microsoft, in which new systems hit the market more frequently.
Eero, maker of a wireless mesh routing system that boosts Wi-Fi signals, has landed $50 million more in funding from Menlo Ventures' Menlo Opportunity Fund. The round of funding brings eero to $90 million in total capital as the company prepares to launch its devices in more than 500 Best Buy stores and online at BestBuy.com.
Google will launch a facility in Novi, Mich., for developing autonomous vehicles in an effort to expand its work with US automakers. Google and Fiat Chrysler are working to develop 100 driverless minivans, but struck out on its efforts to make a similar agreement with General Motors. "Many of our current partners are based here, so having a local facility will help us collaborate more easily and access Michigan's top talent in vehicle development and engineering," a Google blog post said.
Adoption of 4K Ultra HD TVs in North America is on pace to reach 48% in 2020, up from 5% in 2015, data from a Strategy Analytics report indicate. Demand for big-screen TVs is driving adoption, with 11 million homes expected to have at least one 4K TV by the end of 2016.
Microsoft's HoloLens augmented-reality goggles are based on the company's Holographic Processing Unit, which is made up of multiple Tensilica digital signal processor cores, each set to run HoloLens-specific instructions. Also inside the AR headset is an Intel "Cherry Trail" system-on-a-chip device, made with a 14-nanometer process and running Windows 10.
Slack has tripled its number of weekday daily active users to 3 million over the past year, the company said. The team communications app notes 1 million users have been added in the past six months. Overall, Slack boasts 930,000 paid seats.
- Page 1