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Amazon to lays-off engineers, and Curtails development of hardware

Amazon to lays-off engineers and cut hardware development after Fire phone flop. There is no doubt that Amazon Inc. is struggling in the hardware market. And the cutbacks has reflects the company’s unusually cautious approach. With the failed efforts to break into the smartphone space with the Amazon Fire handset ...

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Best Buy Tops Estimates; posts surprise increase in quarterly sales

Best Buy Tops Estimates, after posting a surprise increase in quarterly sales. Best Buy Co. on Tuesday reported a better-than-expected increase in sales and profit in its second quarter, as sales of large-screen TVs and phones continued to drive sales growth. The U.S. multinational consumer electronics corporation reported an unexpected ...

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Sony plans to Offer Commercial Drone Services

Sony has indicated its plans to Offer Commercial Drone Services Starting 2016. Sony Corp. plans to offer commercial drone services, mainly targeting the construction, logistics and agriculture industries from the first half of next year. According to Source (Bloomberg): “The company’s Aerosense Inc. venture is making automated drones to capture ...

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Apple Still Growing Strong in China: Tim Cook

Tim Cook: Apple CEO reassures investors about Apple’s performance in China. Apple Inc’s China business has experienced a strong growth in July and August; according to Apple Chief Executive Tim Cook (told CNBC on Monday). In the move for Apple to reassure its investors over the concerns of the company’s ...

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