Business

Galaxy Note 7 debacle sends Samsung operating profits down 30%

Galaxy Note 7 debacle sends Samsung operating profits down 30%

Samsung's profits are taking a beating in the wake of the Galaxy Note 7 recall and cancellation. The smartphone was originally recalled due to multiple fires when the devices overheated while charging. Replacement devices were then sent out that suffered from the same issue eventually leading to the entire Note 7 line being recalled again and cancelled. In the wake of this debacle, operating profits at Samsung between July and September have plunged 30% compared to last year.

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Delta adds luggage-tracking feature to mobile app

Delta adds luggage-tracking feature to mobile app

Remember the RFID bag tracking luggage tags Delta introduced earlier this year? They replaced barcodes, which have to be scanned by hand, and now they’re being implemented in an even better way: with the airline’s mobile app. The company is rolling out luggage tracking at 84 airports through the United States, allowing travelers to view where their bags were last scanned, as well as where they originated from.

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Tesla had a profitable third quarter, has high hopes for Q4

Tesla had a profitable third quarter, has high hopes for Q4

Tesla had a profitable third quarter this year, the company has announced. The GAAP net income hit the $22 million mark, with Tesla saying it saw $176 million in free cash flow. The company goes on to say that gross profit-per-car, as well as GAAP total automotive gross margin, both increased ‘substantially’ in its fiscal third quarter. Tesla anticipates trends including positive GAAP net income, to continue on into the fourth quarter even though ‘ZEV credit sales’ will ‘likely [be] negligible.'

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Disney tipped as interested in Twitter again, and very close to buying it

Disney tipped as interested in Twitter again, and very close to buying it

Several companies were interested in buying Twitter in recent weeks, one of them being Disney, though it seemed the potential sale was scraped at some point and serious acquisition bid plans were abandoned. That may not be the full story, though, as sources have now cropped up saying Disney is reconsidering an acquisition of the service, and has progressed so far as to have struck a price late last week. The two companies are reportedly in the process of forming a deal as of now. Even better, Disney allegedly has been working on this 'transaction' for the better part of six months.

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Google Fiber pauses rollout in potential cities to ‘refine’ its approach

Google Fiber pauses rollout in potential cities to ‘refine’ its approach

Something big is afoot over at Google, which just announced that Google Fiber rollout has been paused in the cities it has selected as 'potential' markets. This is necessary for the company to 'refine' its plan to meet new objectives it has laid out, Google says. In addition, a source has cropped up claiming Google will layoff 9-percent of the workers in 'Access,' the division that deals with Fiber.

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Lyft is testing ride passes with frequent riders

Lyft is testing ride passes with frequent riders

Lyft has a new experiment that may make it more attractive to frequent users: ride passes of sort that lock in certain per-ride rates depending on how much you spend. The idea here is that, assuming you use the service frequently, you can save money in a way similar to bus and train passes, bringing your overall travel costs down. Such an arrangement may be necessary to secure daily or near-daily repeat customers.

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Apple’s record quarterly earnings hinged on ‘Services’

Apple’s record quarterly earnings hinged on ‘Services’

Apple has announced its Q4 earnings for the quarter ending on September 24, saying it made $46.9 billion in revenue with a $9 billion net income (working out to $1.67/diluted share). Company CEO Tim Cook called the quarter successful, saying, ‘We’re thrilled with the customer response’ to the company’s newest products, ‘as well as the incredible momentum of our Services businesses,’ the latter of which set a new record for Apple.

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Google’s Jamboard is a high tech whiteboard connected to the cloud

Google’s Jamboard is a high tech whiteboard connected to the cloud

It takes a company with a lot of vision (or a lot of money) to look at whiteboard and decide to connect it to the cloud, but Google has done just that with Jamboard. Introduced today, the Jamboard comes equipped a 55-inch touchscreen display that's capable of 4K output. If that sounds expensive, it's because it is, with Google saying the Jamboard will be offered for "less than $6,000."

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Amazon Dash Button orders up 5x in the last year, more brands added

Amazon Dash Button orders up 5x in the last year, more brands added

Amazon has been peddling a very cool way to order the things you need all the time for your home using your Prime account called the Amazon Dash Button. Amazon is talking up how well the Dash Buttons are performing with orders up over 5x using the buttons in the last year. The Dash Button is a small digital button for a specific product.

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IDC: Smartwatch shipments halved in Q3 2016

IDC: Smartwatch shipments halved in Q3 2016

If shipment figures are any indicator, it would seem that the market, both consumers as well as manufacturers, are still uncertain about smartwatches and their purpose, let alone their appeal. According to market analyst IDC, the smartwatch market slipped by as much as 51.6% in the past quarter alone. And while that may be due partly to perplexing business decisions from the powers that be, it also reflects how smartwatches, more than two years after they became mainstream, still serve a very niche consumer market.

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AT&T announces $85 billion Time Warner acquisition

AT&T announces $85 billion Time Warner acquisition

Just as the rumors foretold, AT&T has entered a bid to buy Time Warner. In a stock-and-cash deal, AT&T is offering $85.4 billion, and when Time Warner's debt is taken into account, the total cost of the transaction comes to $108.7 billion. AT&T is expecting the deal to be complete by the end of 2017, assuming the appropriate officials and regulators approve the merger.

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Samsung killed the Galaxy Note 7 by rushing replacements

Samsung killed the Galaxy Note 7 by rushing replacements

"Haste makes waste." That's an almost universally accepted nugget of wisdom that some people feel they're exempt from. That apparently includes Samsung, and now that folly is coming back to haunt it and bite it in the proverbial behind. Piecing together the timeline of incidents leading to the Galaxy Note 7's untimely demise, the Wall Street Journal painted a picture of a company that, in the desperation to look decisive and take swift action, may have, instead, actually brought about an earlier and total destruction of the Galaxy Note 7 and, perhaps, the Galaxy Note brand as well.

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