Tag: Bloomberg

Chinese government downs Reuters

android-china-communistThe Chinese government seems to believe that if its citizens read Reuters websites their minds will be totally corrupted.

Reuters said both its English and Chinese websites were inaccessible in China today, and it appears to be the government that’s made them unavailable.

Communist China blocks a large number of foreign websites – the Wall Street Journal, the New York Times and Bloomberg are all banned.

Reuters asked the government internet watchdog what was going on but the watchdog doesn’t appear to be listening, yet.

The news service said in a statement that it is committed to fair and accurate journalism across world. “We recognise the great importance of news about China to all our customers, and we hope that our sites will be restored in China too,” Reuters said in a statement.

The company’s financial and data services to Chinese clients haven’t been tampered with.

 

Motorola Solutions thinks selling itself is the solution

motorola-solutions-partner-expoWalkie-talkie and radio systems maker Motorola Solutions is looking into a possible sale.

According to Bloomberg, potential buyers could include private equity firms and defence contractors including Raytheon, Honeywell and General Dynamics.

The 87-year-old company is working with financial advisers as it looks for a buyer.

We are not holding our breath. The sale process has been going on for several months, and a deal isn’t on the immediate horizon.

Motorola  was split up four years ago into Motorola Solutions and a handset unit after a campaign by billionaire Carl Icahn. The handset business was sold to Google which then sold most of it to Lenovo.

Things are not going that well for Motorola Solutions. It has poor earnings performance, with 2014 earnings dropping 33 percent as sales declined six percent. The outlook for this year remains stagnant — the company projects 2015 revenue will be flat to slightly lower.

In other words, Motorola probably should not have listened to Icahn. Lenovo is doing well with the bits of the company it bought and saw its bottom line grow because of its investment.

 

Surface tablet sales fall short, resemble Zune

surface-rtOh dear. It looks like the sceptics were right, Microsoft’s Surface tablets are lemons. Bloomberg is reporting that Microsoft has sold about 400,000 Surface Pro tablets since their debut last month. In addition, it only managed to sell a little over a million Surface RT tablets.

Microsoft reportedly ordered three million Surface RT tablets last year, but sales never picked up and Redmond was forced to scale back the order. 

The lacklustre figures come as no surprise. Earlier this year it emerged that the RT faced high return rates and very low sell-through, with shipments totalling just 900,000 units in the first quarter of sales. The Surface Pro did not fare any better. It got relatively negative reviews and since it is quite a bit pricier than the RT, consumers don’t seem keen to make the leap of faith.

JMP Securities analyst Alex Gauna told Bloomberg that Microsoft has failed to prove that Windows has a place in a new world dominated by touchscreens.

“It’s pretty clear that things were bad entering the year, and at least for the moment they’re getting worse,” he said. “The path to a successful Surface, in the same way that they were successful with Xbox, is not very clear to me right now.”

Apple still commands a 50+ share of the tablet market, although it is projected to slip under 50 percent later this year. Analysts put Apple’s iPad shipments in Q4 at 22.9 million units, which dwarfs every single competitor. However, Apple is losing share to Android, not Windows.

IDC reckons that the share of Windows RT tablets will stay below 3 percent through 2017, while Windows 8 could end up on 7.4 percent of tablets, in 2017 of course. In other words, Windows tablets are going nowhere, fast.