LG sells 8.1 million LTE smartphones in Q2 2015

LG Mobile Communications Company today said it sold more than 8.1 million LTE smartphones worldwide in second quarter of 2015. The Q2 revenue of LG Mobile Communications Company fell 1 percent to KRW 3.65 trillion or $3.33 billion. LG’s global ...

InFocus ties up with Foxconn, eyes $1 bn by 2016

US technology firm InFocus’ India arm on Tuesday revealed that it was tying up with Foxconn to produce phones and TVs in India and was also looking to become a $1 billion company by 2016. “We are tying up with Taiwan-based ...

Panasonic to dial mobile to scale up revenues in India

Japanese electronics corporation Panasonic’s India arm was looking to ramp up revenues via the handset business at a time when growth in different verticals of consumer durables have slowed down, a top company official said on Friday. The ...

Vivo’s Noida plant to be operational soon

Chinese handset-manufacturer Vivo on Wednesday said its new manufacturing plant in Noida will be operational in 3-4 months. “Our 3 lakh square feet Noida facility will start operations in three-to-four months and by the end of the year ...

InFocus plans smartphone manufacturing hub in India

InFocus, the US-based smartphone brand, is planning a manufacturing hub for devices as part of the government’s Digital India and Make in India initiatives and proposes to launch new smartphones on Wednesday in an exclusive tie-up with ...

Microsoft shifts phone strategy, to cut 7,800 jobs

Software major Microsoft today announced its decision to reduce up to 7,800 jobs and write off $7.6 billion – as part of its plans to restructure phone hardware business acquired from Nokia. Microsoft will spend a whopping $850 million to manage ...

Micromax invests in travel apps provider ixigo

Micromax Informatics has invested in ixigo, a provider of mobile travel apps. India’s second largest smartphone maker did not reveal the size of the investment in ixigo. The plan of Micromax is to invest $0.5-20 million in over 20 startups ...

Micromax to invest Rs 500 crore in Hyderabad plant

Micromax will set up its manufacturing plant in Hyderabad with an investment of Rs.400 crore to Rs.500 crore. The unit will come up at mobile manufacturing hub, proposed to be developed in Electronic Manufacturing Cluster (EMC) here. State ...

Intex to ride on phone biz to scale up revenue

Intex Technologies has said that it is riding on the success of its handset business to scale up its revenue. “Nearly 70 percent of our turnover comes from the mobile phones business. We have grown 100 percent from the last year to reach a ...