Since Nokia unloaded its mobile phone division to Microsoft, the company has been trying to find a niche best suited to its strengths. After launching a few various products like the N1 Android tablet, or the professional Ozo VR camera, the ex-smartphone maker has now set its sights on a different segment of the market: IoT. To that end Nokia has announced it’s buying Withings.
While the Nokia brand is still primarily associated with high-quality mobile phones, the company’s execs are hoping that will change soon, with the purchase of Withings for €170 million ($191 million). The latter is a French company known for its line of consumer health products, including fitness trackers, smart scales, and the Activité Pop smartwatch.
Read more: Nokia buys health-focused Withings for $191 million; focuses on IoT
Apple has reported its latest quarterly earnings, for the second quarter of its 2016 fiscal year (Q2 2016). To put it succinctly, things haven't gone well.
The company announced revenue of $50.6 billion, down from $58 billion a year ago, a drop of around 13%. Net income also fell year-over-year by 23% from $13.6 billion to $10.5 billion.
As far as its device sales went, it was bad news across the board too.
Read more: Apple Q2 2016 results: iPhone sales down 16% YoY, iPad down 19%, Mac down 12%
Amazon has been touting its payments business recently, and the e-commerce giant is looking to expand the reach of its digital wallet even further with the debut of a new program on Monday.
Amazon’s Pay With Amazon is a way for the site’s 285 million account holders to shop with third party merchants using their Amazon credit cards and shipping details. Amazon users simply sign in with their Amazon account on third party merchant sites instead of having to create a separate login with the retailer, and fill in credit card information. It’s also an alternative to paying with PayPal. Merchants who offer the ability to use Amazon Payments include GoGo in-flight Wi-Fi, Southwest Airlines, and clothing retailer All Saints. The fees that Amazon charges merchants who use its payments service are similar to PayPal’s fees, which is 2.9% plus $0.30 for each transaction.
On Monday, Amazon announced a program to integrate its payments option into software companies who power e-commerce storefronts for merchants, potentially expanding its reach to new retailers and merchants.
For example, Amazon is offering its payments service to retailers using Shopify shop to power their online storefronts. Founded in 2006, Shopify provides software tools for 243,000 online retailers including storefronts, payment processing, and apps for checkout.
Amazon also previously offered a competitive software service to Shopify and encouraged its users to transfer their storefronts to Shopify.
Slack, the fast-growing office messaging tool, has finally completed a new round of funding, including new investor Thrive Capital, it said Friday.
The funding has been expected for a while and has been much reported. There are other new investors, such as Comcast Ventures and GGV, but current ones also participated.
And that list of venture funders has become long and powerful, including: Index Ventures, Andreessen Horowitz, Accel Partners, Digital Sky Technologies, Horizons Ventures, Institutional Venture Partners, Spark Capital Growth, Google Ventures, Kleiner Perkins Caufield & Byers and Social Capital.
The round values Slack at about $3.8 billion, post-money, lower than the $5 billion valuation it had been considering aiming for earlier this month. But instead of raising $400 million to $500 million, which was considered due to a lot of incoming investment interest, several sources said that the San Francisco-based Slack opted to raise just $200 million this time.
Read more: Slack Finally Completes New Funding at $3.8 Billion Valuation
Microsoft has announced during the ongoing BUILD 2016 keynote, that Xamarin developer tools will be open-sourced and made available for free to developers.
Last month, Microsoft finally acquired Xamarin after years of speculation and obviously the company had some major plans in mind for the cross-platform app development tools. With today's announcement, the company has done away with the multi-tier pricing plan that was holding many developers back from adopting Xamarin.
Read more: Microsoft makes Xamarin open sourced and free for everyone