business

Xiaomi defies logic, doubles profits by selling cheap

Xiaomi defies logic, doubles profits by selling cheap

All if not a lot of eyes are on Xiaomi these days. By entering into the top 5 smartphone makers in the world, the Chinese OEM has suddenly enjoyed both increased fame and scrutiny. Already a hot item in its homeland, Xiaomi is now starting to get the attention and even fears of other major players in the mobile market. It's not hard to become a huge target when your revenues nearly double in just a year, even when analysts say you can't do so by selling smartphones at very low prices.

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Lenovo’s 2014 Q2 saw upswing in profits, new record

Lenovo’s 2014 Q2 saw upswing in profits, new record

Lenovo's second quarter financial report is in, and in it we see profits on the upswing, with the company hitting a 7-percent revenue increase over the same quarter last year. With its numbers, Lenovo managed to take top slot in the PC+Tablet category and saw a record number of shipments across its tablets, PCs, and smartphone at 35.6 million units. Said Lenovo's CEO and Chairman Yuanqing Yang on the company's new #1 slot, "In May, we set this as a two year goal, but achieved it in two quarters."

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Lyft hits former COO with confidential data theft accusation

Lyft hits former COO with confidential data theft accusation

In August, Lyft's then-COO Travis VanderZanden left the company for reasons that were never clearly stated. Some time later he was snapped up by competitor Uber, and is now facing a legal challenge from his former employer over accusations of confidential data theft. According to Lyft, VanderZanden downloaded company documents from its Dropbox to his own personal Dropbox, something that came to light after the company had a forensics analysis of his work laptop performed. By keeping the files, Lyft says VanderZanden is violating the company's Confidentiality Agreement.

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AppleCare for Enterprise site goes live

AppleCare for Enterprise site goes live

Apple and IBM partnered up this past summer on a big enterprise effort, and as part of that an AppleCare for Enterprise site has gone live, indicating that the service is now available to applicable customers. Apple details what users can expect, with everything from always-available phone support to the promised onsite repairs and device coverage. No information is provided on the pricing of such (those interested are directed to get in contact for a quote), but we've got all the details for you after the jump.

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Tesla Model X pushed to latter half of 2015

Tesla Model X pushed to latter half of 2015

This week during Tesla Motors' Third Quarter 2014 shareholder announcements they made a push for their newest Model X. Alpha prototypes of the Model X are being tested. Initial Beta prototypes are being built. Making way for the production of the Model X in full, Tesla decided to built in significantly more validation testing time compared to tests of the Model S. According to Tesla, "In anticipation of this effort, we now expect Model X deliveries to start in Q3 of 2015, a few months later than previously expected."

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The Core holographic speaker blasts past $1m milestone

The Core holographic speaker blasts past $1m milestone

Remember the Core wireless speaker? We detailed it back in September when it was still wet behind the ears on Indiegogo. Though only on the crowdfunding website a short while, the device -- which stands out from the crowd on a platform involving holographic audio -- was already seeing notable success. Fast-forward to this past weekend, and the campaign reached it ends, with the makers having hit 2,379-percent of their goal with more than $1 million in pledges. According to the makers, more than 3,000 Cores will be shipped to backers in 80+ countries.

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Apple confirms new engineering office in Seattle

Apple confirms new engineering office in Seattle

Apple has nestled itself in the Pacific Northwest, joining the likes of Microsoft, Google and Amazon by opening an engineering office in Seattle. Apple has confirmed the business move to the Seattle Times, but has not elaborated on any details beyond that. This marks a first for the company, and it is expected more will be joining it in due time. No details are provided on where exactly the office is located, but a fair bit of information on what is taking place has surfaced.

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Starwood hotels activate smartphone door entry

Starwood hotels activate smartphone door entry

It would appear that Starwood hotels are jumping aboard the keyless entry train for their hotel rooms starting this Autumn. Check in, pull out your smartphone, get it activated, and you'll be on your way to walking in your hotel room without a key. Starwood hotels aren't the first company to create such an entry system, nor have they simply jumped aboard a fast-moving fad. They've had this system in the works since January of this year - and it's all ready to go!

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Xiaomi seeks funding, valuation at $50 billion

Xiaomi seeks funding, valuation at $50 billion

Here are the facts about Xiaomi: they often sell out of devices in seconds via their website, and are making their way to more parts of the world. As they move to enter India and other markets, the Chinese company is also looking for a new funding round. According to Bloomberg, who is citing sources close to the discussions, Xiaomi is seeking funding that would push them to a $50 billion valuation. Xiaomi shipped nearly 19 million devices last year to various parts of Asia.

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Microsoft Ventures founder exits, forms gaming group: Unikrn

Microsoft Ventures founder exits, forms gaming group: Unikrn

We've spoken about Rahul Sood before. He joined Microsoft back in 2010, making it official in 2011. Back then this man was asked, as he puts it, "to join Microsoft with the mission to create or be part of something amazing." He did that, it's done, and he's leaving the company now a little under four years later. And what'll have left behind at Microsoft? A massive undertaking - something that wasn't there before he arrived. Now he heads to a whole new company entirely.

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