Business

Falcon Heavy rocket’s center core failed to land on droneship

Falcon Heavy rocket’s center core failed to land on droneship

Following uncertainty earlier today, SpaceX has confirmed that the Falcon Heavy rocket's center core failed to land on its droneship. That's of no consequence to the company, though, as Musk confirms that there were no plans to use the center core even if it had landed. The Falcon Heavy's launch today was an overwhelming success for the company, the outcome far greater than some expected.

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Netgear reveals plan to spin off Arlo security camera business

Netgear reveals plan to spin off Arlo security camera business

Netgear has just announced plans to separate its Arlo security camera business, a move that will include an Initial Public Offering. The business decision is dependent on final approval, but according to the company, its board of directors have unanimously voted in favor of moving forward with the separation plans. Here to lead the separate business will be Matthew McRae formerly of Vizio.

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Singapore Airlines loyalty program gets blockchain-based makeover

Singapore Airlines loyalty program gets blockchain-based makeover

Singapore Airlines has announced a blockchain-based loyalty program, something it says is the first of its kind. This is part of Singapore Airlines' KrisFlyer frequent-flyer program, and it involves a digital wallet for loyalty benefits. The blockchain-based program is still a work in progress, but the airline says it expects to launch the related digital wallet app around this summer.

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Two phone makers go bankrupt: WileyFox, Turing – UPDATE: One maybe not!

Two phone makers go bankrupt: WileyFox, Turing – UPDATE: One maybe not!

Two smartphone startups went under this week with public notifications released almost simultaneously. One is Turing Robotics, a company that would have made a smartphone that offered on-unit encryption in order to make security as its number one priority. The other company that's gone under is Wileyfox, a company with a slightly more complicated - and interesting - bit of history. UPDATE: Turing Robotics hasn't gone under completely - see our update below!

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Best Buy music CD sales end tipped with July phase-out date

Best Buy music CD sales end tipped with July phase-out date

Digital music sales and streaming have made the venerable music CD very close to obsolete for some consumers. The format can still be found in homes, but new sales of audio compact discs are on the decline in the US and now Best Buy is doing something about it. The electronics retailer plans to end its music CD sales this summer, according to sources, and it's not the only retailer considering this move.

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Bitcoin price rises as the stock market falls

Bitcoin price rises as the stock market falls

This afternoon the stock market - according to the Dow Jones industrial average - plummeted at an extraordinary rate. At the same time, Bitcoin seemed to have the drop-down fever as well. While the price of cryptocurrencies in general didn't seem to suffer quite as bad as Bitcoin, it wasn't a particularly pretty day for investors in any camp. Unless they shorted every market, of course. In the late afternoon a trend emerged - as the stock market fell, the cryptocurrency market rose.

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Broadcom really, really wants to buy Qualcomm

Broadcom really, really wants to buy Qualcomm

Broadcom, it would seem, can't take no for an answer. Last year, Broadcom offered to buy chip maker Qualcomm, putting up a whopping $103 billion in a hostile takeover bid. Though that offer would turn a buyout into one of the biggest tech industry mergers ever, Qualcomm wasn't biting.

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Sony CEO Kazuo Hirai steps down, Kenichiro Yoshida taking over

Sony CEO Kazuo Hirai steps down, Kenichiro Yoshida taking over

Sony has had a very mixed past five years. It managed to hold on to a saturated and stagnating TV market but lost its PC business. It fended off Microsoft in the console wars, only for both of them to be upstaged by the Nintendo Switch. And let’s not even go into its mobile business. It’s all in a day’s work for Kazuo Hirai, who took the helm back in 2012. But now that the company is about to embark on the last stage of his corporate plan, Hirai is stepping down and passing the torch to CFO Kenichiro Yoshida.

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eBay drops PayPal as its primary payment processor

eBay drops PayPal as its primary payment processor

In a surprise announcement, eBay has revealed that it will be ditching PayPal as its primary payment processor. The company says it will be intermediating payments on the Marketplace platform, a move that will improve the experience for both sellers and buyers. As part of this, eBay has partnered with payment processor Adyen, though the transition won't be a fast one.

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Apple says Q1 2018 was its biggest quarter ever with $88b in revenue

Apple says Q1 2018 was its biggest quarter ever with $88b in revenue

Apple has announced record revenue in its first quarter for the fiscal year, having raked in an all-time quarterly record of $88.3 billion. This represents a 13-percent year-on-year increase, according to Apple, which says that 65-percent of Q1's revenue was from international sales. In a statement, Apple CEO Tim Cook credited the new iPhone lineup, and the iPhone X in particular, with helping spur the company's biggest quarter ever.

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iPhone sales revenue Q1 2018: iPhone X premium pricing in effect

iPhone sales revenue Q1 2018: iPhone X premium pricing in effect

Apple released Q1 2018 earnings this afternoon with iPhone revenue up, but unit sales down, year over year. Because units went down but revenue went up, we can assume only one thing: People are spending more cash on their iPhone. That very likely means that the iPhone X took a big chunk of sales this quarter, and also likely means that iPhone sales tended to trend higher - the larger of the two standard iPhone 8 models, and iPhone X.

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GoPro Plus plan replaces broken action cameras, offers several perks

GoPro Plus plan replaces broken action cameras, offers several perks

Action cameras are inherently prone to damage -- after all, they're designed to ride on drones, attach to mountain bikes, record under water, and more. GoPro remains the best known action camera maker in the US, and many customers have put its various models through the paces. For those who pushed things just a little too far, the company has introduced a new service plan that replaces those broken cameras.

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