Morning Beat: Sony Corp (ADR) (SNE), Apple Inc. (AAPL), and Hewlett-Packard Enterprise Co (HPE)
Sony Corp (ADR) (NYSE:SNE) has confirmed the purchase of Toshiba’s image sensor business. The Japanese company says it will pay $155 million for the acquisition of Toshiba’s fabrication plant and equipment. It also plans to retain employees working at the plant with the deal set to close March next year. Rumors about the deal first erupted in October.
Acquired assets will operate under Sony Corp (ADR) (NYSE:SNE)’s new owned subsidiary Sony Semiconductor Corporation. The acquisition highlights the company’s continued investment on one of its most profitable segment. Sony hopes to profit from growing demand of high-end cameras as it remains the biggest supplier of sensors in the industry
Fitbit Inc. (NYSE:FIT) continues to occupy the top spot when it comes to wearable sales according to the latest analytics firm IDC. Having shipped 4.7 million units in the third quarter, the company now controls 22% market share. Apple Inc. (NASDAQ:AAPL) with Apple Watch occupies the second spot shipping 3.9 million units in the quarter.
Xiaomi remains the biggest mover having shipped all its Mi Bands in the quarter. Having shipped 3.7 million units in the quarter the Chinese company controls a 17% market share in the wearable business. Over the last 12 months, its wearable business has grown 815% thanks an impressive run of sales in China. Garmin comes in fourth with its line of sport focused devices and wearables.
Apple Inc. (NASDAQ:AAPL)’s balance sheet will receive a boost of $548 million after Samsung agreed to pay for damages in a patent infringement case. The decision by the Korean company comes after a US Court of Appeal threw away its appeal for a full bench hearing.
It is a big win for Apple Inc. (NASDAQ:AAPL) as the case has dragged for several years marred with twists and turns. The settlement is for allegations Samsung infringed on Apple’s design and utility patents used to make iPhones.
As part of the settlement SAMSUNG ELECT LTD(F)(OTCMKTS:SSNLF) has the right to collect any reimbursement on any future developments on the case. Apple has already disputed the rights of reimbursement awarded to the Korean company.
With Hewlett-Packard Enterprise Co (NYSE:HPE)‘s big launch event, Discover, drawing to a close in London, one questions persists in the minds of many, Can the new Hewlett Packard Enterprise dominate the Internet of things? It is a question that evokes more questions than answers especially on the company launching a suite of products suited for the fast-growing spectacle.
Hewlett Packard Enterprise Co (NYSE:HPE) unveiled a number of Hardware Solutions, infrastructure solutions and DevOps solutions. All these products highlight the company’s ambitions of taking over the internet of things. Some of the areas of focus with the new solutions include big data analytics, cybersecurity as well as Internet workplace and collaboration and on the Internet of things.
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