Technology News

Samsung reports quarterly profit despite decline in sales

Releasing its fourth-quarter performance report on Tuesday, Samsung announced that it's operating profit from the IT & mobile business division jumped 12 per cent to 2.5 trillion won (US$2.1bn), while sales for the business slipped 5.6 per cent to 23.6 trillion won (US $20.3bn).

SEC launches probe into Yahoo’s data breaches

Yahoo Inc. is reportedly being probed by the U. S. Securities & Exchange Commission (SEC), as federal authorities are trying to determine whether the beleaguered internet company should have reported its two massive data breaches sooner to investors.

Speaking on the condition of anonymity, a person, claiming familiarity with the matter, revealed that SEC opened an investigation and demanded the company to submit certain documents in December.

Apple sues Qualcomm, alleging extortion

Cupertino, Calif.-based Apple Inc.

Samsung to disclose cause of Galaxy Note 7 fires on Jan. 23

Findings of Samsung's investigation into what caused some of its Galaxy Note 7 smartphones to catch fire will be disclosed a day before the announcement of its fourth quarter result, the South Korean electronics giant announced on Friday.

Samsung executives and independent experts who conducted the investigation into the Galaxy Note 7 fire incidents will share their findings in a press conference on January 23 in Seoul. It will be available globally through a live-stream.

Nintendo’s Super Mario Run to be available on Android devises

Nintendo's wildly popular Super Mario Run smartphone game will be made available for users of Android devices as well, the mobile gaming giant announced on Wednesday.

Using its Tweeter account, Nintendo announced that the Super Mario Run videogame would be available on Android smartphones devices in March 2017, nearly three months after its release on iOS Devices in December 2016.

Facebook plans to invest $3bn in virtual reality

Foreseeing virtual reality (VR) as a future computing platform, Mark Zuckerberg-led Facebook has decided to make a multi-billion investment in VR over the next decade.

Mr. Zuckerberg, chief executive of the popular social-networking platform, recently announced that the company has decided to invest $3 billion in VR to bring virtual reality to the masses.

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