Ina Fried
Senior Editor, Mobile
Latest articles by Ina Fried
Derek Aberle tells Re/code how the company aims to regain Samsung’s high-end business and remain the phone chip king despite big cost cuts.
Ordering a phone is as easy as calling for a ride, with the phone delivered in minutes, Xiaomi said.
The company plans to cut 15 percent of its workers as part of an effort to take out $1.4 billion in costs.
The San Diego-based company also reached an agreement with activist shareholder Jana Partners to reshape its board and consider structural changes to the company.
Approval would come with conditions requiring expansion of high-speed fiber-to-the-home and barring preferential billing treatment for AT&T’s own video services.
Revenue of $22.2 billion was ahead of analysts’ forecasts as were per-share earnings, once adjusted for the Nokia impact.
It’s the biggest new consumer hardware to emerge from Nokia since it sold its phone business to Microsoft.
Another effort, targeting the LGBT community, aims to launch by October.
For a critical launch, the company tries a new approach.
The move underscores Redmond’s effort to transform Windows into a frequently updated service rather than a static piece of software.