Xiaomi profit revealed for first time: China’s rising smartphone star made £35million in 2013
Xiaomi, the upstart Chinese electronics company which is making waves in the smartphone industry, is typically reticent about revealing details of how much money it makes, but new filings show for the first time just how much profit the company is making. According to disclosures made to the Shenzhen Stock Exchange on Monday, Xiaomi Technology Ltd made a profit of 347.48 million yuan (£35.6 million) on 26.58 billion yuan (£2.7 billion) in revenue in 2013.
International Business Times
Vodafone extends 4G roaming to 17 more countries
Vodafone has announced their 4G mobile broadband roaming service is now available in a further 17 countries. Customers with the mobile operator will now be able to connect to 4G when they are in one of the 40 participating countries. Antigua and Barbuda, Cayman Islands, Croatia, Israel, Japan, Luxembourg, Malaysia, Mexico, Peru, Philippines, Qatar, Saudi Arabia, Slovenia, Sri Lanka, Thailand, Fiji and Kuwait are the latest countries to be revealed. Vodafone customers will be able to access superfast 4G mobile broadband across the world at a fixed cost per day.
Nokia announces Finnish and Saudi LTE-A rollouts
Nokia Networks has claimed advancements in LTE-A network deployment by demonstrating live network speeds and data transmission rates of up to 300 Mbps on TeliaSonera’s LTE network in Helsinki. By utilising FDD/TDD technology, it is claiming carrier aggregation of the 1800 and 2600 MHz frequency bands for the Finnish operator.
Vodafone Returns To The U.S. As MVNO
It was assumed that since Vodafone had sold its stake in Verizon back to Big Red the communications giant, based in the UK, had permanently pulled out of the U.S. market. Vodafone’s stake was worth $130 billion and many believed that it would take its money and run. That’s not proving to be the case. Vodafone has announced its return to the U.S. market through a press release published online, it will come back as a MVNO operating on T-Mobile’s network.
BT set to unveil result of mobile takeover talks
BT is expected today to reveal the outcome of takeover talks with O2 and EE, as it looks to buy one of the mobile groups for around £10billionn. A deal, which would be funded by a mixture of BT stock and cash, is part of the firm’s strategy to move into so-called quad play by adding mobile to its existing offering of broadband, TV and fixed line telephone services. BT has been in talks with O2’s Spanish owner Telefonica and EE’s owners, Orange and Deutsche Telekom, for nearly a month about a deal to buy one of the mobile operators. Both are thought to have told BT they are willing to accept shares as part of a deal to reduce the cash bill. EE is likely to cost between £10 billion and £11billion, while O2 is valued at between £9 billion and £9.5 billion.
Success of tech hubs sparks ICT firm dash for investment funds
The success of UK tech hubs such as Silicon Roundabout has driven a 26 per cent rise in ICT (Information Communication and Technology) companies seeking to raise funds to fuel their growth through the En¬terprise Investment Scheme (EIS). The EIS, a government initiative, is designed to encourage private investment in small companies through generous tax breaks. In the last year the number of ICT firms using the scheme has jumped from 490 to 615, says Radius Equity, a private equity investment provider.
Sony asks media groups to delete ‘stolen’ data
Sony Pictures Entertainment pressed media outlets Sunday against using data hackers may have leaked about the studio. In the letter sent to groups including The New York Times and The Hollywood Reporter, lawyer David Boies said the “stolen information” must be destroyed and should not make it to publication.
YouTube provides offline app for India’s mobile viewers
YouTube has released an advertising-supported offline feature on Android and iOS smartphones in India to make video viewing on mobiles more enjoyable. Initially using Wi-Fi or a data plan, users can then take YouTube videos offline and watch them for up to 48 hours later without an Internet connection, thus preventing slow connections and buffering interrupting viewing of online videos.
WhatsApp may be developing web app
Popular messaging app company WhatsApp may be working on a web client, according to recent reports. You might be familiar with WhatsApp for its cross-platform smartphone messaging app, but the Facebook-owned company is said to be branching out to the desktop. Dutch website AndroidWorld.nl has discovered code in a recent version of the WhatsApp Android app that mentions “WhatsApp Web,” logging in and out of computers, and status and latest activity tracking in web sessions.