Spotify s chief executive, Daniel Ek, says the service has 30m paying subscribers.Photograph: Shannon Stapleton/ReutersRevenues at Spotify, the world s biggest music streaming service, surged 80% last year to nearly €2bn £1.5bn but losses widened as it invested heavily amid tough competition from the likes of Apple Music and Tidal.Spotify offers music lovers access to more than 30m songs and charges a fee of £9.99 a month for its premium subscription service, but also has a free service, which features advertising.The company s co-founder and chief executive, Daniel Ek, said in March that Spotify had 30m paying users.The financial results were filed by its Luxembourg-based holding company Spotify Technologies.However, Spotify has yet to convince its critics that it can make money.
Facebook s advertising network is already a colossal business — it helped the social network bring in over $5 billion in revenue in its most recent quarter alone — but it is about to take a step towards become the internet s advertising exchange after announcing that it will start showing ads to non-users across the web..While Facebook s Audience Network has enabled it to extend that reach outside of Facebook to let advertisers find Facebook users while they are not inside the social network, today s subtle move could hand advertisers the power to reach even more people.These details are essential to replicating the very precise Facebook ad targeting with those who don t have a Facebook account.Not only does it is further evidence that the company is keen to establish itself as the world s premier video platform — which has some seriously money when it comes to advertising, not to mention tough competition from the likes of YouTube — by appealing beyond its social network, it also raises some tantalizing possibilities for the future.That could help place more focus on video advertising, a play that Facebook has pursued for some time, while fewer ad spots would make those actually on the social network considerably more valuable.Scarcity would mean these spots are more valuable to advertisers and, potentially, more relevant and less intrusive for users.
The Asus Zenbo AsusTaiwanese electronics maker Asus launched a smart mini robot called Zenbo at Computex 2016.It is the brainchild of Asus Chairman Johney Shih who had a vision for enabling robotic computing and making it available to the public at large.Zenbo has a built-in library of stories that it can tell in a variety of entertaining voices, while displaying accompanying images on its screen and controlling the room lighting to add a new level of interactivity and fun to story time for kids.One can rely on it to perform their everyday digital functions like video calls, social media posting, online shopping, and of course stream movies and TV shows through its screen using just voice commands.Although there are lots of robots like these in the Chinese market, this is the first to be associated with a relatively bigger and more global name like Asus and the availability of the robot also seems more promising than others.If the Zenbo can do things as claimed by the company it may just give really tough competition to the Echo and other devices.
The M3 has turned 30 and to celebrate the milestone BMW has presented the 30 Jahre Edition based on the current model.The automaker did the same when its M5 turned 30 two years ago.The M3 30 Jahre Edition comes in the exclusive color Macao Blue metallic, which once celebrated its premiere in BMW s color range as a special option for the original E30 M3.A similar theme can be adopted in the interior where the designers have also added special detailing on areas such as the door sills, headrests and instrument cluster.A numbered plaque indicating the individual model in the series is also featured on a carbon fiber strip on the dash.All M3 30 Jahre Editions also get the M3 s Competition Package as standard.This ups the power to 444 horsepower from the standard 425 hp and adds a few handling mods.The original M3 was born out of racing and largely unmatched when it came to its driving qualities, performance and, dare we say it, desirability.Many of those same qualities ring true for the current F80 M3, and while the car now also caters to the luxury buyer and is faced with tough competition from the likes of Cadillac and Mercedes-Benz, it's still considered the benchmark in its segment and we bet the same will be true for many generations to come.BMW will build just 500 M3 30 Jahre Editions in total.The automaker is yet to announce how many will be made available to buyers in the United States.NOW WATCH: 9 animated maps that will change the way you see the worldLoading video...
The prolonged slump of PC shipments will get worse, despite falling sales of both tablets and smartphonesAnalyst house IDC has warned PC shipments will continue to fall, as political uncertainty, currency weakness and depressed commodity prices all take their toll.The forecast makes for grim reading for PC makers, already battered by years of falling sales and tough competition.It seems that falling growth rates for phones and tablets, which could help ease the pressure on the PC market, has not translated into stronger PC shipments.IDC blames financial pressures on customers, coupled with the availability of alternatives for computer users.IDC says that prices and specs for this form factor increasingly compare favourably against notebook PCs.Last month Microsoft backtracked after it was accused of tricking customers into upgrading to Windows 10.
00:00 02:16 M3 test Playstation VR Loading Advertising .. E3 Sony is doing its best to catch on vr trend. But are really Playstation VR to keep up with the very tough competition? Later this fall, anyone with a Playstation 4 experience how virtual reality feels. Playstation VR is significantly cheaper than both the Oculus Rift and HTC Vive - and require also no supercomputer. M3 test what the technology can do. M3 test scorching Ghost Recon: Wildlands - directly from E3 in Los Angeles
In the midst of buying the digital Stockholm service for an unknown sum. All of Stockholm was founded in 1996 and was an early online with different guides. The operation, however, has in recent years been tough competition from online booking and regular Google search. It is also reflected in all of Stockholm's most recent financial statements - last year sales were SEK 9 million and the loss of 3.5 million crowns. "All of Stockholm has long had a strong position as Stockholm's premier guide to the city's nightlife, and will be a good and clear complement, not least digitally to the midst of the current content and readers," said Erik Norberg, president of the midst of which does not want to reveal how much they pay in the store. "All of Stockholm has a strong brand.
Though the numbers are preliminary, Samsung today offered second quarter guidance that seems to confirm that the South Korean giant s Galaxy S7 is a winner.Released in late March, the S7 received strong reviews and appeared to be popular with consumers.Today, Samsung offered preliminary guidance for its second quarter earnings, indicating that operating profits would be up 17 percent from a year ago on revenue that would be up 3 percent.Samsung will release its official earnings for the three months ending June 30 later in July.Those operating profits would be the company s best in two years.That s welcome news for Samsung, which has had a rough couple of years as its new Galaxy smartphones took hits in the Chinese market where a host of newcomers were eating up marketshare.At the same time, Apple s iPhone 6 series proved to be wildly successful, adding to Samsung s woes.But the Galaxy S7, officially unveiled at the Barcelona Mobile World Congress in February, seems to have shifted the momentum to Samsung.At least for the moment.Apple reported its first decline in iPhone sales during the first three months of 2016.And projections are that sales overall will be down for its fiscal year that ends in September.Of course, Apple will unveil the next iteration of its iPhone in September, and the question on analysts minds will be whether are enough new features to get consumers excited about upgrading.Until then, Samsung will seem to have the wind at its back as iPhone fans typically hold off purchasing new gadgets until they see the new version in the fall.Of course, overall, both companies will continue to face tough competition from low-cost Android devices, and a softening economy in China.
Sweden is well on digitization, according to the World Economic Forum. The organization measures including use of the Internet, digital infrastructure, consumer prices, business conditions, skills and access e-government services. Ever since measurements began in 2001, Sweden has pushed high up the rankings. The past three years, Sweden has come third, and so therefore also in this year's report. "All countries recognize that digitization is a must in order to be competitive and to secure jobs and prosperity. In the tough competition between countries, the Government is investing in digitization as a crucial way forward.
On Friday started pre-sales of ZTE's next flagship Axon 7 e-commerce giant Amazon in the US, Germany, Spain and the UK. The expected delivery date is currently 27/7. The price tag is located in each region of $ 400, £ 359 and € 440 for the 4GB / 64GB model, which is slightly lower than expected and means that OnePlus 3, especially in the United States, waiting for tough competition. OnePlus 3 costs in the corresponding regions of $ 399, £ 329, 300 €. The more expensive version of Axon 7 with 6GB of RAM and 128GB of storage space is expected to cost from $ 459 and up. ZTE Axon 7 offers despite the price tag, just like OnePlus 3, top specifications and is even a bit sharper on several points.
Image caption Indian actress Kangana Ranaut showcasing a Jabong dress at the Lakme Fashion WeekMyntra, a subsidiary of Indian online shopping giant Flipkart, says it has bought rival fashion shopping site Jabong.Once a big player in India's online retailing industry, Jabong has fallen on hard times in the past year amid poor sales and management shake-ups.India's e-commerce industry has a high profile and rapid customer growth but the sector continues to make losses.The sector is marked by tough competition - only last month, industry pioneer Amazon announced it would step up investment in the country.Simon Atkinson, India Business Editor, Mumbai
For Samsung Electronics Co. SSNHZ 0.00 % , the world s biggest handset maker by shipments, smartphone sales have roared back to life after several years of struggles, fueling a 56% jump in mobile-division earnings and pushing profit margins back to their highest levels since 2013.The South Korean technology giant s earnings report on Thursday added more evidence of the tough competition that Apple Inc. AAPL 6.50 % faces as it prepares to introduce the latest refresh of its iPhone later this year.And in China, fast-rising domestic handset makers Oppo Electronics Corp. and Vivo Communication Technology Co., virtually unknown outside the country, have quickly, and quietly, surged to become the world s No.Taken together, these advances by makers of smartphones powered by Android, a unit of Alphabet Inc. GOOGL 0.57 % s Google, pose a formidable challenge to Apple, which has suffered two consecutive quarters of falling revenue and market-share decline as demand for its iPhones slows, especially in China.To be sure, companies like Samsung and Huawei aren t as profitable as Apple.The Cupertino, Calif., company reported a gross margin of 38%, lower than in recent quarters but still more than twice that of Samsung, which boasts the highest profit margin of any Android handset maker at 16.3%.
Estonia, Latvia and Lithuania will now have access to the media giant MTG's streaming service. Viaplay already launched five years ago. In recent years, the service has faced tough competition from US giants Netflix and HBO, but still stands strong on his early markets. Now the company announces in a press release that Viaplay is ready to conquer new areas, namely the Baltic States. "The Baltic States are perfect markets for video streaming because Internet penetration is high and there are technology savvy customers who love good content. Viaplay takes more content to consumers in the region than any other streaming service, "says Jørgen Madsen Lindemann, CEO of MTG.
Many investors have had their eyes for startups in the field of education.In the morning we have on the Breakit been reporting on the tough competition among the companies that want to digitize the school.We have also checked how it goes for 8 of the hottest companies.We invest in early stage and some companies, we have found out too late , " she says.the Moor is also investing in companies that are globally scalable, and it can be difficult for the educational company which must relate to different curricula in different countries.She believes that it is not always clear how edtech companies to make money, in comparison with, for example, gaming company.
the ecommerce site Jet.com has been bought by Walmart Stores.It is reported by the site Techchrunch, who says that the purchase will be published on Monday.Walmart pays 3 billion dollars, equivalent to sek 25 billion for Jet.com – a company that was founded in 2014.Jet.com has positioned itself as a challenger to Amazon and Ebay, the two largest u.s. e-commerce websites.Jet.com acts as a "köpklubb" where individuals pay for a membership and get the discount offers similar to the popular Costco.Walmart is the world's largest retail chain, has in recent years been increasingly tough competition from the growing internethandlarna with Amazon and the chinese Alibaba in the lead.
Samsung is set to release an even better version of the Galaxy Note 7 than we've already seen – but you probably won't ever be able to buy it.Samsung has confirmed a 6GB of RAM with 128GB storage version of the Note 7 will be released, but it's exclusive to China.Those in the UK, Australia and US will have to stick with the already announced 64GB of storage and 4GB of RAM version of the Note 7.The head of Samsung Mobile, DJ Koh, explained it is rolling out a new version in China because Chinese smartphone brands are expanding to high-capacity memory.Samsung is facing tough competition from companies like OnePlus and ZTE with its profits in China dropping three years in a row.The OnePlus 3 only offers 64GB of storage but comes with 6GB of RAM, while the new ZTE Axon 7 comes with 6GB of RAM and 128GB of storage.
News: Chief exec Tim Cook pledges more investment in China with new R centre.Apple is planning to open its first research and development R centre in China this year in plans to strengthen its presence in the country.The company s chief executive Tim Cook revealed the plans to increase investment in local R during a meeting with Chinese Vice Premier Zhang Gaoli.Apple is facing tough competition in China from local smartphone manufactures like Huawei and Oppo.The iPhone maker s revenues declined one-third in the latest quarter in Greater China.The new R centre will house both new and existing staff.
It may have turned down an offer from General Motors, but that doesn t mean Lyft isn t in the market for a buyer.As per a report from the New York Times, the transportation giant has been relatively open to the notion of selling itself to a larger company, having faced numerous challenges including strict regulations, tough competition from Uber, and of course, the fact that it still hasl yet to turn a profit.The San Francisco-based company is said to have held talks or made approaches to companies ranging from like Apple, Google, Amazon, Uber, and Didi Chuxing, anonymous sources told The Times.The same sources noted that GM never ultimately made a written offer to buy Lyft, and obviously, the startup has yet to find anyone to ease its burden — partially, perhaps, because the company wanted $9 billion for a buyout, sources told Recode.Sure, the pink mustaches aren t really in trouble for the time being.The firm is sitting on $1.4 billion cash, so there s no real rush to find a new owner.
SHOPS Evry becomes the operator Telenor's new large-scale it infrastrukturpartner.It is clear, then the parties signed a new contract in the billions.the Choice fell on the firm of Evry, which now will deliver a custom cloud solution as well as infrastructure and datacenter services.– Here, it has been really tough competition, where all companies from A to Z has been with and turned on the deal, " says Björn Ivroth, ceo of Evry, who had previously Telenor as a customer in Norway, but in this case it is in a completely different scale. " We have not only gained confidence but also gained increased confidence.We get the opportunity to take over the CSC delivers in Sweden, and we also replace Tieto in Norway.
Amazon s lead is over, Larry Ellison, Oracle s executive chairman and chief technology officer, said during a Sunday night keynote speech at the Oracle OpenWorld conference.Oracle said last week that in the three months ended Aug. 31, it generated $171 million in revenue from what it calls cloud infrastructure as a service.In its most recent quarter, Amazon reported revenue of $2.9 billion for its comparable Amazon Web Services unit.To persuade customers to use its offerings, Oracle must do more than create solid technology to handle cloud-based computing and storage.It also needs to build massive data centers around the globe, table stakes to compete in the rapidly growing but intensely competitive market.It operates several smaller data centers to handle many existing customers.