Skip to main content

Posts

Showing posts from April, 2018

Xiaomi prepares for $10 Billion IPO

Xiaomi's eight co-founders image credit: Xiaomi Let's brace up! Another public offering is on the way, Xiaomi, The popular Chinese electronics brand led by Kingsoft co-founder and chairman Lei Jun is going public, Guess what? They're raising a whooping $10 Billion on the Hong Kong IPO market. Xiaomi as a company has very awesome and innovative perks which include the company's recent promise to distribute cash back to its customer (Yes they said that) if the profit gets too high. The company said it'll forever limit its profit margins after tax on smartphones, Home devices and other hardware to just 5%. This upcoming IPO will be the current biggest of this year with marketers saying the company is very expectant of a valuation of well above $100 Billion, Ahead of the public offering two of its eight co-founders recently resigned from the company which comes during the company's re-structuring in preparation for its IPO. Xiaomi's IPO will be the

Walmart may join hands with Alphabet to purchase huge Flipkart stake

As of recent, The news that Walmart is preparing to buy a 51% stake in Flipkart has been everywhere but right now, Information has been released that Walmart may get Alphabet to join in its bid in addition to four board seats in the company if the deal goes through. This comes as the company wants to compete fiercely with major e-commerce competitor Amazon through every way possible, Targeting India which is a very good market for huge growth is  very unique and good strategy for the company. Walmart has reportedly offered to buy up a huge (85 - 86)% of Flipkart through a combination of different investments which will involve current shareholders including Tencent, Softbank, Naspers, ebay inc, US based hedge fund Tiger Global Management and other shareholders partly or fully sell its stakes at choice. Walmart is also reportedly negotiating with Flipkart founders, Binny and Sachin Bansal for the entire purchase of their stakes in the company. This acquisition will be the bigg

God of War sells high!

According to analysts  GFK Chart-Track , Far Cry 5 released just a month ago which is the current best selling game of the year has been pushed to no 2 in the UK by the recently released "God of War" when beaing measured by physical game sales only. Also coming to the top 5 include Fifa 18, Mario Kart Deluxe and the awesome console 'The Nintendo Labo Variety Kit' which comes in at number 3 best selling entertainment item on the list. It's very amazing that  God of War retains its first position despite it only being released for the PS4 currently. The gaming industry is a very competitive one so we can always watch and use the above linked analysis to monitor the battle for sales between video games and its consoles. The top ten from the list include; God of War Far Cry 5 Nintendo Labo Toy-Con 01: Variety Kit FIFA 18 Mario Kart 8 Deluxe Fallout 4 Call of Duty WW2 Super Mario Odyssey PlayerUnknown's Battlegrounds Grand Theft Auto V

Watch Dogs 3 might be on the way!

Well, If you're a Watch Dogs fan, You better be very happy, Your fellow fans have been trailing a series of clues and guess where it headed to? The fact that Watch Dogs 3 might be dropping very soon! Where did the information come from? well blame an April fool's joke, a deleted tweet and an AI bot who talks too much. Watch Dogs publisher Ubisoft's recent April fool's joke allowed its users to hack into an admin part of its website, yeah you get that....We're always hacking in Watch Dogs....Users were able to access some pieces of information and Easter eggs on its site...then came a tweet by the company saying "This is Everything" in reference to Watch Dogs' popular phrase "Everything is Connected" The tweet was immediately deleted....Then came its AI bot Sam which when asked about the Wath Dogs sequel, responds saying ""Watch Dogs 3 is not finished yet, but from the last early build I tried it's very solid. The Dev team wo

The Zozosuit will now be doled out to consumers!

Start Today Co. In what we term as wonderful innovation in fashion, Japanese founder/tech billionaire Yusaku  Maezawa has made it known that Start Today Co. The company he runs which operates popular fashion site Zozotown will begin doling out its Zozosuit, A piece of tight clothing which will measure every proprtion of the buyer's body and don out his/her exact size of choice and clothing, Zozosuit is advertised on its official website using the catchphrase 'Welcome to a Size Free World'. Clothes of the perfect fit will now be delivered to customers which will bring with it a wonderful shopping experience and a swath of consumer recommendations, The Zozosuit contains over 150 integrated sensors which in turn captures 15,000 accurate body measurements to enable delivery of clothing of the perfect size. Pre-orders for the Zozosuit was launched last year with the company now fulfilling its promise of delivering the body measurement suit to its buyers.

Infinity War makes history!

Courtesy : Marvel Recently released blockbuster Avengers : Infinity War has broken box office records with the movie grossing a huge $630 million global gross in its debut weekend, This is highest weekend gross recorded of any movie in history. Statistics also shows that the movie raked in a huge $250 million in North  America alone, It's calculated international weekend take of $380 million beats that of  The Fate of the Furious, Star Wars and other very notable movies. The movie which carried a production budget of about $300 - $400 million was directed by the notable Russo brothers (Joe and Anthony Russo), The same Russo brothers were also the top directors two years ago by box office gross with their' Captain America : Civil War scoring $1.15 billion in total at the global box office. Marvel has surely been winning as of recently with its recent Black Panther movie having grossed $1.3 Billion worldwide in addition to its new' Infinity War. Marvel, which is in

The Red Magic sells out within 37 seconds!

Courtesy : Red Magic ZTE subsidiary Nubia recently held a huge flash sale on Jingdong Mall (JD.com), Part of this sale involved the Red Magic gaming phone, The new phone was part of three devices selected for the flash sale and guess what? The entire inventory consisting of 10,000 phones sold put within 37 seconds! The smartphone was previously put up on Indiegogo (more of a publicity stunt than actual need for funding) so users couldn't just wait to get their hands on it causing the entire inventory to sell out so fast......we mean so fast the sale ended as soon as it started. The smartphone starts with a price of about $500 with another flash sale coming 2 days from now, Nubia is likely going to make available a whole lot of the gaming phones! given its extremely swift sale. We have witnessed a recent comeback of awesome gaming smartphones as of recent starting with the Razer Phone and the Black Shark which comes from a startup backed by tech giant Xiaomi. You should n

ServiceNow Founder Fred Luddy Is Now a Billionaire!

    Image credit : WBIW It seems Forbes is so good at predicting their future well.......Billionaires.... It did that for ServiceNow founder Fred Luddy way back in 2012 and guess what? He is now a billionaire! This is according to a recent report from Bloomberg , Fred currently has a stake of $240 millio in the firm and has in total sold shares worth $900 million plus which brings his net worth to a whooping $1.1 Billion. Since ServiceNow went public, Iit's market capitalization has grown to 8 times its debut value with the company now being valued at $29 Billion. The company which had revenues north of $200 million in 2012 has grown to $1.93 Billion in revenue for 2017. It looks very nice with extreme innovation and wealth popping up so fast from the technology sector, We should now sit up and achieve more of awesome things like this.

Report: Apple is working on an Insane VR headset

Apple A recent report has suggested that Apple is not just working on the development of its own AR glasses, The company currently has set its sights on the release of a very powerful VR headset in two years time. This new move will push the company further into competition with its peers of  Facebook, Google and Microsoft. The project code-named T288 involves the production of a super VR headset with 8K display for each eye with a wireless connection for its stand-alone box which will be powered by a processor coming from Apple which would be the main brain behind the VR sysem. Apple didn't comment on this report but let's hope the company will deliver the best headset for its customers.

The Essential is now available in much more countries!

Essential  Essential, The Smartphone company lead by Android creator Andy Rubin has opened up its online store to more countries which include Canada, France, Japan, The UK and Germany, The Essential could actually be purchased in other countries through services like Amazon but as of now, Tthe company now officially sells it through its own online store. Essential announced this move via Twitter yesterday; Starting today, we’re opening the https://t.co/5XqZeQu9cW store to orders from more countries, including Canada, France, Japan and UK. Special terms and conditions apply to these orders, so please read the information carefully: https://t.co/uZK8sLvUA5 pic.twitter.com/QXEWf8OEnE — Essential (@essential) April 27, 2018 The phones will sell at its price of $499 with customers paying in their local exchange rates. This latest step makes the Essential PH-1 which currently is distributed in the US through Amazon, Best Buy and Sprint much more available to consumers with Essen

Nintendo is giving us a new game

Image credit: Nintendo/RPG site It has been recently announced that Nintendo will now collaborate with Cygames on a mobile Role-Playing Game called 'Dragalia Lost'. This new release is coming this summer to Japan, Hong Kong, Taiwan and Macau after which follows various regions in North America and Europe. Nintendo is purchasing a 5% stake in Cygames as part of the collaboration, Cygames is well known for its extremely popular game 'Granblue Fantasy' which has grossed over 10 million downloads in Japan. This new game comes as Nintendo announced over 500% year-on-year increase in profit. Nintendo will surely impress players with this new mobile RPG whilst we wait for the release.

Snapchat outs a new version of its Spectacles

Snapchat has released a new version of its Spectacles, This is the second attempt at its smart glasses after its first attempt didn't really come off as a spectacular success even after selling 220,000 units. The new version of its Spectacles will be more comfortable to wear and comes with more features. The new smart glasses will be available through Snapchat's own Spectacles.com  instead of its previous vending machines and other online retailers, This comes in as a method of solving inventory problems the company encountered in the process of getting its first version into the hands of consumers. This new model takes both photos and videos in comparison with the first version which only made room for video capturing. The new Spectacles are also water resistant which is why as shown in the video above, Snapchat encourages its buyers to make use of the smart glasses in shallow water. Different companies have dabbled into the same of connected glasses but the mark

The OnePlus 6 is coming May 16th

OnePlus Well, it was worth the wait....The OnePlus 6 released date has been announced - May 16 ; Location : London, The launch event is termed ' The Speed you need ' this reportedly shows what we expect from the phone - Huge Speed. The launch event ticket costs $22 for a while, By 8pm on Friday the price shoots up to $42. Over one thousand tickets for the London launch event are available with the Chinese and Indian event coming up a day after on the 17th of May. The tickets to the London event can be purchased at OnePlus' website  while the tickets for the Indian event will be available at oneplus.in . OnePlus promises that its new smartphone will be bigger and better therefore the customers should expect an awesome! product.

Udacity comes in with a cyber-security program

Sebastian Thrun, Udacity co-founder Udacity, the educational start-up co-founded by self -driving vehicle pioneer Sebastian Thrun has launched a new nanodegree - guess where? This time, they're dabbling in cyber-security. According to Udacity's post , this new course involves Training the Next Generation of Cybersecurity Professionals, Addressing the Talent Gap, World-class AI and Data training and also an Invitation to the industry. Udacity Given that Udacity was involved in the training about 10,000 of just 300,000 AI engineers currently in the world today who innovate excessively and rake in huge salaries, Udacity will be very good to go on their new cyber-security program. The new nanodegree was officially launched at the RSA conference which ended 3 days ago which came with a call for partners with its new cyber-security program. This is a good time for a cyber-security program given that Udacity is one of the best (if not the best) learning platforms availab

Discord is now a Unicorn!

Discord Inc, the creator of the extremely popular chat app for gamers has grabbed an extra $50 million in funding, this time at a $1.65 Billion valuation. This new round of funding is reportedly led by Benchmark Capital, Greylock Partners, Tencent Holdings, IVP and Spark Capital. Discord had previously raised $129.3 million in total at a most recent valuation of $775 million. Discord Discord's online communication software had 90 million users at the beginning of this year, With this huge statistics Discord just joined the line of messaging tools gaining very huge valuations, Recent huge gainers include Whatsapp, Telegram and Slack. The huge rise of online multiplayer games have heavily contributed to Discord gaining its huge number of users, Notably the rapper Drake created a Discord account while live-streaming with Fortnite's awesome player Ninja to make room for better and clearer communication. The fact that Discord just launched roughly three years ago and

Boosted outs new boards

Boosted Boosted first showed up with an electric board about six years ago then a while after that which translates to now, The company has come up with a new shorter and cheaper board for its customers. The new electric boards are named the 'Boosted Mini', 'Boosted Mini S', 'Boosted Mini X' and the 'Mini X' . The Boosted Mini S comes at a price of $749 which makes it Boosted's cheapest electric board ever, the Mini X also comes at a price of $999. In addition to that, Boosted also announced new third generation versions of its boards which is the 'Boosted Plus' and 'Boosted Stealth', The new boards are available for purchase through Boosted's website except for the Plus and the Stealth which will start shipping late next month/early June. The new boards can be paid for in 12 month installments in order to ease the cost for Boosted's buyers.

Amazon increased R&D Budget by 41% year on year to nearly $23 Billion

Amazon C.E.O Jeff Bezos credit: Wademy The top five spots in the US for R&D expenditure last year was grabbed by tech companies with Amazon claiming the top spot with a huge $23 Billion R&D budget coming from the company. The top five companies spent a cool $76 Billion with Alphabet, Intel, Microsoft and Apple grabbing the remaining five spots respectively. IBM also spent $5.8 Billion on R&D last year. Facebook came ninth place with the company spending $7.8 Billion on its R&D for the year. Amazon comes first with its long term strategy of putting back nearly all of its profits into its new businesses and technologies, a strategy which was paid off very much with its cloud computing arm becoming a major profit generator along with Amazon Prime and its main online marketplace business. Microsoft also filed 2,558 patents last year with Amazon coming second place with 1,972 patent applications and 2,704 patent awards.

Apple has released a new RED iPhone 8 and 8 Plus

Today, Apple has announced a new special edition RED iPhone 8 and iPhone 8 Plus, This new edition gives customers a very beautiful form of the new generation iPhone with an awesome red and black color combo. The Product is now available to order online and will pop up in retail stores 3 days from now. Also adding to this, Apple has released a new iPhone X Leather Folio which is crafted from unique European Leather for an amazing luxurious look for the consumers. The new edition iPhone will be available in 64GB and 256GB versions coming at a retail price of $699 from Apple's website , The new iPhone X Leather Folio will also be available at the same web location. Every customer who buys the new Edition from Apple will be offered free Personal Setup online or in-store, The new phone can also be gotten through Apple's iPhone upgrade program.

Brief - World's most valuable AI startup Sensetime raises $600 Million

                                                                      Sensetime C.E.O Li Xu World's most valuable Artificial Intelligence company Sensetime has grabbed a Series C round of $600 Million at a valuation of over $4.5 billion which is a $3 Billion dollar jump from its most recent $1.5 Billion dollar valuation. Tech giant Alibaba which is now Sensetime's largest investor led the massive round of investment into the company. Qualcomm, Electronics company Suning and Singapore's Temasek Holdings also participated in this round. The worlds most valuable company plans to use this capital to expand its overseas presence and widen its industrial scope according to its C.E.O Li Xu.

Robotics company 6 River Systems grabs $25 million

6 River Systems' robot 'Chuck' credit : CNBC The e-commerce industry is booming! booming so well with so much innovation, investment and effort being put into it, 6 River Systems is a company which makes robots to speed up production in different warehouses and collaborates with humans to out more efficiency, This company right now has benefitted from this boom. 6 River Systems has announced it's grabbed a $25 million Series B round with this investment coming with the aim of helping the company expand and break into more markets, The Start-up which was founded by former Kiva (acquired by amazon) executives has now raised a total of $46.6 million with the current round being led by Menlo ventures. As of current, 6 River Systems has delivered 600 of its robots to 30 sites which have aided in the packaging of various products, medical supplies and other general warehouse jobs. Also as of recent, two other warehouse robotics companies have grabbed (maybe co-in

Ed-tech company Pluralsight files to go public

Aaron Skonnard, Pluralsight C.E.O and co-founder          photo credit : CNN Money Pluralsight, the ed-tech company which has been a unicorn for a few years now has announced it's confidentially filed for a public offering. Pluralsight, a company created 14 years ago by its current C.E.O Aaron Skonnard along with Keith Brown, Fritz Onion, and Bill Williams deals with online education offering a variety of online education courses for software developers, creative professionals and IT administrators through its website bootstrapped for 9 years before raising different rounds of investment totaling $200 million starting from 2013. Companies and small businesses pay for their employees to be trained by the company which has given it a very good source of revenue with individuals also subscribing to its services, As of its most recent report, the company had revenues of over $100 million. Pluralsight now joins its peer of tech companies going public this year, Dropbox went

Most Read Posts

Cashing Out: Jeff Bezos Sells $2.5B Of Amazon Stock

Amazon founder Jeff Bezos has continued his routine selling of Amazon shares to fund his other escapades. For a few years now, he's had an arranged trading plan that sees him regularly sell Amazon stock worth billions of dollars. Jeff Bezos' latest sell-off is of 739,000 Amazon shares worth around $2.5bn, SEC filings show. Another separate filing indicated that he plans to sell as many as 2 million shares that could net him nearly $7bn at current prices. This latest share sell-off from Bezos is noteworthy as one of his last in his position as Amazon's CEO which he's handing off soon to a top lieutenant named Andy Jassy. Jassy is currently CEO of AWS, Amazon's very profitable cloud computing division. Usually, a CEO offloading large amounts of stock in a company he leads draws some displeasure from investors, but as Jeff Bezos would soon no longer be Amazon's CEO, it opens up opportunities to sell larger amounts of shares than usual if the desires. Amazon's

EVs: Ford, BMW Co-Invest In An EV Battery Startup

It's currently of no doubt that electric vehicles represent the future for the automobile market, and many automakers have taken heed to that. Tens of billions of dollars in spending have been earmarked for the R&D and production of electric vehicles by global automakers, with efforts spanning battery development, building new factories, charging stations et al. Now, two of the world's biggest automakers, BMW and Ford, have jointly invested in a startup working on battery technology for electric vehicles. That startup is Solid Power, a Colorado-based startup developing solid-state batteries for EVs. Details: Solid Power has raised a $130 million Series B round  co-led by Ford and BMW. The two automakers were joined by green-focused venture fund Volta Energy Technologies in the round. As part of the strategic round, Ford and BMW have expanded their joint agreements with Solid Power to develop solid-state batteries for their use. In a way, the two automakers are funding and o

Is Apple Brewing A Major Digital Health Play?

That Apple has high ambitions in the digital health space isn't foreign news to anyone following the moves of the company. In fact, its CEO Tim Cook once referred to health as Apple's “greatest contribution to mankind.” Apple's main health product is the Apple Watch for which health represents a major use case and a selling point. The latest Apple Watch series has key health features including the ability to measure ECG (electrocardiogram) and oxygen saturation level in the blood. With all its grand ambitions, the reality is that Apple is progressing very well in the digital health space but yet hasn't gotten a big foothold in it like it's done in other markets. There still exists a large gap for Apple to conquer to make waves in the digital health market and the company seems much hell-bent on covering that gap. Details: A certain revelation has come out that details Apple's grand plans in the health sector, and it's that of a UK startup working on next-ge

Big Pay: AT&T Shareholders Vote Against Execs Pay

To bring back one of our most favorite sayings, "America is the land of many things, including very enormous executive pay". Executives of publicly-traded companies in the US are familiar with very large compensation packages on a scale not seen in other countries, take recent examples including Palantir CEO Alex Karp landing a $1.1 billion payday  and former T-Mobile CEO John Legere getting a $137 million severance pay . But with all the large executive pay packages flying around, it appears that the shareholders of one public company are not okay with it and that company is telecoms giant AT&T.  Details: AT&T in a statement  revealed that the majority of its shareholders voted not in favor of the compensation of its executive officers in 2020. Just under 49% of votes were cast in favor of the compensation, leaving the remaining majority 51%, not in favor.  Last year, AT&T had large pay packages for its top brass including $21 million for CEO John Stankey and $52

Deal: Verizon Sells Yahoo And AOL To PE Firm For $5B

Telecoms giant Verizon has found a buyer for its Verizon Media Unit which includes veteran internet properties like Yahoo and AOL, and that buyer is a major private equity firm. To note, though Yahoo and AOL have long faded from their glory days, they aren't exactly dead properties but ones still with a great deal of users bringing in a few billion in revenue annually. Details: Verizon has struck a deal to sell 90% of Verizon Media to private equity firm Apollo which will pay $5 billion for it, while Verizon retains a  10%  minority stake in the business. The deal takes off many internet properties off Verizon's hands, including bigger ones like Yahoo and smaller ones like technology news site TechCrunch operating under the AOL umbrella. Though it's selling for a seemingly huge price of $5 billion, Verizon paid a combined $9 billion to buy the web properties making up its Verizon Media unit so it doesn't come out on top financially from the sale.  Verizon paid $4.4bn t

Germany's SAP Fined $8M For Violating Iran Sanctions

SAP, the German software giant, has agreed to pay a fine in the US for violating sanctions imposed by the country on conducting business in Iran. It'll pay over $8 million in fines after admitting to handling thousands of exports of its software to Iran violating US law. Details: SAP admitted to exporting US-origin software to Iran beginning in 2010 up until 2017. The exports including delivering software upgrades and patches more than 20,000 times to Iranian users and offering Iranian users access to US-based cloud services. As charged, executives at SAP were aware that the company didn't have geolocation protections to block downloads of its US-origin software in Iran and turned a blind eye to the situation.  SAP was also charged with neglecting to put in place adequate export control for cloud services made by some US-based companies that it acquired and integrated into its software suite. For the charges, SAP admitted guilt and reached a  Non-Prosecution Agreement with the

IPO: Cybersecurity Startup Darktrace Debuts On UK Markets

A major cybersecurity startup from the UK has held an initial public offering (IPO) and debuted to positive investor fanfare on the domestic public markets. That startup is Darktrace, a fast-growing cybersecurity startup founded by a team of mathematicians in collaboration with British intelligence agencies in 2013. Darktrace sells cyber-defense software that's claimed to harness artificial intelligence in spotting and managing cyber threats. It listed on the London Stock Exchange under the symbol "DARK". By the numbers: Darktrace debuted to positive investor fanfare that saw its shares soar by 40% on its first day of trading. It raised £143 million ($198m) from the public float at a valuation of £1.7 billion ($2.3bn) which soared to almost £2.4 billion ($3.3bn) on its debut trading day. Darktrace's IPO prospectus reports $199 million in revenue in its most recent fiscal year ending June 30, 2020. This was up from $137 million in the previous year, 2019, and $79 mill

Earnings: Pfizer Rakes In Cash From COVID Vaccine

Pfizer, one of the few pharmaceutical companies worldwide to produce an approved Covid-19 vaccine, has unveiled its earnings report for the first quarter of this year. As usual, the report provides a solid peek into the company's financials and with very noteworthy nuggets this time around. One key nugget from Pfizer's earnings report is that the company brought in $3.5bn in revenue from its Covid-19 vaccine in Q1' 21. It made up nearly a fourth of the company's total $14.6bn revenue for the period. The Covid vaccine was the biggest single source of revenue for Pfizer in the quarter. It's definitely a good time for the company in that regard, as it elected to keep the profit from the sale of its vaccines unlike some of its competitors which volunteered to waive off any profit-seeking from their vaccines. Unlike some of its competitors also, Pfizer didn't take money from the US government to fund the development of its vaccine under the Trump administration'

Earnings: Covid Vaccines Deliver Big Sales, Profit For Moderna

Moderna was among the few biotech companies that saved the day with the development of an emergency-authorized vaccine to tackle the Covid-19 pandemic. It was a breakthrough for the company, which was before then a cancer-fighting moonshot with minimal revenues and no working product. Being a publicly-traded company, Moderna is mandated to release quarterly earnings reports to the public and it has done so this time around, releasing its financial results for the first quarter of this year 2021. Moderna's latest earnings report shows that of a company that saw big success from its Covid vaccines, as it reported record revenue and its first-ever net profit as a public company. By the numbers: Moderna made $1.9bn in revenue in Q1' 21, compared to a paltry $8mn for the same quarter in 2020. The revenue came wholly from Covid vaccine sales in the US and foreign markets. Moderna reported a huge net income of $1.2bn in the quarter, compared to a net loss of $124mn for the same perio

Court Docs: Fortnite Maker Epic Made $15B In 2018-2020

Fortnite maker Epic Games is having a court battle with Apple over the latter's App Store practices and that battle has led to several documents coming out of the shadows with valuable information about Epic Games not publicly known before.  Among the information revealed in court proceedings between Epic and Apple is the sheer scale of Epic's revenue largely gotten from its hit game Fortnite . Official documents indicate that Epic Games made respective annual sales of $5.6bn, $4.2bn, and $5.1bn in 2018, 2019, and 2020, summing up to just shy of $15bn. Epic's revenue in 2018 and 2019 was revealed in financial documents made public as part of its court battle with Apple while its revenue for 2020 was separately revealed in a court testimony by Epic CEO Tim Sweeney. The vast majority of Epic's revenue comes from Fortnite while its other products like the Unreal Engine and the Epic Games Store bring in a minority of revenues. Specifically, Fortnite brought in $5.5bn a