Sony is cutting itself loose from its European partner in smartphones. The company announced Thursday that it will acquire Ericsson's 50 percent share in their Sony Ericsson venture, making the mobile handset business a fully owned subsidiary of Sony. Ericsson will receive cash compensation of $1.5 ...
Worldwide mobile device sales translated into 1.6 billion new units in the hands of consumers in 2010 -- an eye-popping 31.8 percent increase from 2009, according to new figures from Gartner. The firm found also that smartphone sales were up 72.1 percent from 2009, accounting for 19 percent of total...
The BlackBerry Torch 9800 has been widely viewed as Research In Motion's best shot at regaining even footing in its battle with rivals Apple and Google in the smartphone arena, but after just a few days on the market, the device's price has already been slashed. Some 150,000 of the handsets reported...
San Francisco's Board of Supervisors has voted 10-1 to approve a law requiring cellphone retailers and vendors to post how much radiation their devices emit. The measure calls upon stores to display the "specific absorption rates" next to the devices. SAR -- that is, the amount of radio frequency en...
Android sailed past Windows Mobile for the first time in the first quarter of 2010, joining Apple's iPhone OS as one of the only two top mobile operating systems to increase its market share year-on-year. That's according to the latest stats from Gartner, which found that smartphone sales to end-use...
Bert Nordberg, a 14-year veteran of telecom system provider Ericsson, has been named president of Sony Ericsson, the firm's joint cellphone venture with the Japanese consumer electronics giant. He'll be succeeding Hideki "Dick" Komiyama, a Sony executive who has led Sony Ericsson since 2007 and is n...
Sony Ericsson's president of North America, Najmi Jarwala, has stepped down amid rumors that the joint venture between the two companies may soon be dissolved. The announcement comes at a dismal time for Sony Ericsson. The company is expecting first-quarter losses of between $459 million $526 millio...
Sony Ericsson is the latest casualty of the global economic slowdown. The joint venture between Japanese consumer electronics giant Sony and Swedish mobile phone maker Ericsson announced dismal fourth-quarter financial results on Friday. The company lost about $248 million on roughly $3.9 billion in...
Year-over-year profits at Tokyo-based consumer electronics giant Sony fell 47 percent to $326 million during the first quarter, and company officials predict a further decrease in profits later in the year. Several factors contributed to the massive drop in Sony profits: lower-than-expected earnings...
Sony Ericsson, the world's fifth-largest maker of mobile phones, warned Friday that its second-quarter profit and sales figures would miss forecasts due to a combination of lower demand for higher-profit handsets and product delays. The company -- a joint venture between consumer electronics giant S...
The stock price for Texas Instruments dropped nearly 6 percent -- and sent a minor shock wave through its biggest customer's stock -- on news that the company had lowered its profit forecast on Monday. Dallas-based TI, which supplies chips to about half the wireless handsets worldwide, saw its share...
Sony Ericsson has debuted a new handset, the Xperia X1 -- its first to operate on the Windows Mobile operating system. Microsoft announced the collaboration as the Mobile World Congress got under way in Barcelona, Spain. The deal could be a major coup for Sony Ericsson, which holds a 50 percent stak...
With sales of Sony's struggling PlayStation 3 video game console picking up in Europe, Japan and the United States, the company's CEO, Howard Stringer, revealed details of its plans going forward for the console at a press conference Tuesday held in Tokyo. The PlayStation 3 outsold Nintendo's Wii in...
Motorola reported third-quarter net profits of $60 million, a dismal number compared to the $968 million in profit it enjoyed a year ago but better than the net losses it suffered in the past three quarters. The fact that the Schaumburg, Ill., electronics maker turned a profit in Q3, albeit a slim o...
Samsung and Ericsson have agreed to end patent infringement lawsuits against each other, signing an agreement to cross-license their mobile technologies instead. The cross-licensing agreement covers a host of patents relating to second- and third-generation, or 2G and 3G, mobile services. South Kore...
Good - It's entertaining and makes sporting events more interesting.
Bad - It increases the risk of gambling addiction and financial loss.
Neutral - The benefits and drawbacks are equally significant.
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