Amazon has finally made a decision regarding its second headquarters, according to individuals familiar with the process. Following a yearlong search that involved numerous cities in North America vying for Amazon’s business, the company is reportedly planning to split the headquarters between two East Coast locations — the Long Island City neighborhood of Queens in New York and the Crystal City area of Arlington, Virginia. While it already has more employees in the two regions than anywhere else outside of its Seattle home base and the Bay Area, Amazon is expected to have a total of 50,000 employees between the two locations once the headquarters are completed. Continue reading Amazon Is Reportedly Splitting HQ2 Between Two Locations

IDC reports that Huawei surpassed Apple in smartphone shipments for Q2 and Q3 2018, marking the first time in seven years that Samsung and Apple did not maintain the top two spots together. Huawei held 14.6 percent of Q3 market share, representing a 32.9 percent jump over Q3 the previous year (Samsung took 20.3 percent of the market for Q3 this year, while Apple held 13.2 percent). Huawei is doing well with its P20, P20 Pro and Honor models, while analysts are watching what happens with the newly released Mate 20 and Mate 20 Pro. Continue reading Huawei Takes On Apple and Samsung in the Mobile Market

Apple reported record revenue and profit for the fourth consecutive quarter, due to higher iPhone prices and App Store sales, but shares fell 6.5 percent to $207.76 in after-hours trading. Investors were unhappy about the company’s announcement that it plans to stop reporting unit sales for products. Apple’s numbers reflect a trend of tech share price drops, due to investor concern about the combination of high valuations, slowing revenue growth and rising costs. Apple forecasts that December quarter revenue will be between $89 billion and $93 billion. Continue reading Apple Shares Dip Despite Report of Record Revenue, Profit

Facebook recorded lower Q3 revenue than expected, the result said chief executive Mark Zuckerberg of “an unsteady transition” from News to more popular but less profitable Stories, which allows users to build photo/video montages that disappear after 24 hours. The company relayed that the transition’s early stage will be marked by higher costs, including more investment in 2019, and continued slow growth. Investors took the news in stride, unlike the July earnings report that resulted in a stock price plummet. Continue reading Facebook Growth Slows in Early Stage of its Shift to Video

Walmart is upping the ante with rival Amazon by opening a cashierless “Sam’s Club Now” store in Texas, vying with automated Amazon Go stores. Walmart is experimenting with the concept via its members-only Sam’s Club. According to Jamie Iannone, chief exec of SamsClub.com and executive vice president of membership and technology, the store is “very close to opening” and will be the “epicenter of innovation for Sam’s Club.” In the soon-to-open shop, users will rely on a new Sam’s Club Now app to scan items, and a staff member will scan the entire purchase before the user exits. Continue reading Walmart to Test Retail Tech with Launch of Sam’s Club Now

Alphabet, dealing with pushback from regulators and struggles in its corporate culture, reported net profit that increased 37 percent to $9.19 billion in the quarter through September. Last year, during the same period, the company posted $6.7 billion. Although this growth exceeded analysts’ expectations, overall revenue is actually down, growing 21 percent to $33.74 billion versus last year’s 24 percent growth in the same period. Revenue from advertising, representing the majority of sales, grew 20 percent to $28.95 billion. Continue reading Alphabet Posts Higher Profits But Slowing Overall Revenue

IBM and open-source software provider Red Hat announced that they have reached an acquisition agreement. Marking what will be the third-largest tech acquisition in U.S. history, IBM will purchase all issued and outstanding common shares of Red Hat in a deal valued at approximately $34 billion. Red Hat is the largest distributor of open-source operating system Linux. The deal reflects IBM’s ambitions for a piece of the fast-growing cloud computing market. “The acquisition of Red Hat is a game-changer,” said Ginni Rometty, IBM chair, president and chief exec. “It changes everything about the cloud market.” Continue reading IBM Is Buying Red Hat, Aims to Be Top Hybrid Cloud Provider

After decades of unreliable profits, Amazon has had four consecutive quarters with profits over $1 billion, and a net income of $2.9 billion in Q3. Although the numbers exceeded analysts’ expectations, the e-commerce giant also revealed that revenue in its core retail business was below expectations, with sales up 29 percent to $56.6 billion, and sales in its online store rose only 11 percent over the last year, half the pace of a year ago. As a result, discontent investors recently dropped shares 7 percent in aftermarket trading. Continue reading Amazon Seeks Efficiency While Investing in New Businesses

Microsoft’s major investment in the cloud is beginning to pay off. In the last several quarters, this sector has grown so fast that the company’s market cap has soared to about $785 billion. Now, Microsoft reported that the results of its latest quarter have exceeded analyst expectations. When Satya Nadella became chief executive, Microsoft’s revenue largely came from marketing its Windows operating system on personal computers. Nadella turned the company towards cloud computing, with Azure as its core offering. Continue reading Microsoft Develops Hybrid Cloud Solution Strategy with Azure

Canadian wearables startup Thalmic Labs, which has rebranded itself as North, unveiled its second product — holographic smart glasses dubbed Focals. The wearable features lenses with a built-in display that shows the user messages, weather forecasts, directions and more information from the smartphone, and allows the user to call on Alexa to order an Uber and get calendar notifications among other tasks. Two years ago, North raised $120 million from Amazon’s Alexa Fund, Intel Capital and Fidelity Investments Canada. Continue reading Thalmic Labs Changes Name to North, Unveils Smart Glasses

Sony announced that PlayStation Vue’s on-demand programming and live sports are now accessible via the Apple TV App on iOS and tvOS. PlayStation Vue becomes the first U.S. pay TV provider added to the TV App, which already includes content from major cable channels and top streaming services (although not Netflix). While viewers will be forwarded to the PlayStation Vue service rather than streaming content directly in Apple’s TV App once content has been selected, the integration should make the process of finding available movies and TV shows easier. Continue reading PlayStation Vue Content Now Available via the Apple TV App

Apple is reportedly planning to introduce its subscription streaming television service in more than 100 countries during the first half of next year. Such a global launch could help make Apple a serious competitor with established services such as Netflix and Amazon Prime Video that already have an international presence. The service is expected to offer original programming free to iOS device owners while allowing users to sign up for third party services and TV network subscriptions. It will launch in the U.S. a few months prior to the global rollout. Continue reading Apple Streaming TV Service to Launch Worldwide Next Year

Apple chief executive Tim Cook is the latest and most prominent executive to call on Bloomberg to retract the claim that its technology supply-chain had been corrupted by Chinese surveillance microchips. According to two Bloomberg reports this month, Chinese spies infiltrated the technology supply chain with a surveillance microchip installed by Silicon Valley-based server company Supermicro. Those tiny chips ended up in the data center hardware of as many as 30 companies, including Amazon and Apple, added the report. Continue reading Apple’s Tim Cook Asks Bloomberg to Retract China Spy Story

According to Amazon, Alexa can perform 50,000+ skills, from turning on lights to playing music. The tech giant is now focused on improving Alexa’s skills to compete with Google for voice assistant dominance. Last month, Amazon empowered Alexa developers, by allowing them to charge users for purchases within skills, with the ultimate goal of making Alexa a more comprehensive, powerful platform. Former Alexa head of product Ahmed Bouzid noted that the path is “exactly what we saw with the App Store for the iPhone.” Continue reading Amazon Unlocks Revenue Potential for Alexa Skill Developers

The Amazon Echo lineup continues to dominate the smart speaker market with a 63 percent share in the U.S., according to an online consumer survey conducted during July and August by Strategy Analytics. While Amazon models represent the majority of smart speakers currently in use, Google follows at 17 percent and Apple trails at 4 percent. The survey found that 88 percent of U.S. homes with smart speakers currently have at least one Amazon speaker, and 31 percent indicate they have at least one Google speaker. Additionally, 58 percent of households with smart speakers are already using two or more devices. Continue reading Amazon Maintains its Lead in Growing Smart Speaker Market