The start-ups that took on the taxi industry are eyeing a new target: public transport.
The past 24 hours have seen Uber, Lyft and Sidecar all launch a new twist on their popular ride-sharing model: carpooling. The three San Francisco companies are letting some customers opt to share a ride with a perfect stranger going along the same route at the same time, for up to half the price of a solo journey. Read more
Just four years old, Chinese smartphone maker Xiaomi has shot up sales rankings to become the top smartphone seller in China, the world’s largest smartphone market, according to data by Canalys, the technology research company.
In a report released this week the company said Xiaomi’s shipments in China grew 240 percent year on year, to 15.1m in the second quarter, write Charles Clover. Read more
After the market closes on Tuesday, Apple releases its third quarter earnings for the three months to the end of June. Its stock price has risen by more than 20 per cent since it beat forecasts with its last quarterly numbers, taking it close to its-all time high. Can Apple repeat the trick in what are likely to be the last results before the next iPhones arrive, and push its stock to $100?
Here’s what Wall Street is looking for this quarter: Read more
Xiaomi’s latest flagship smartphone looks much like Apple’s rival handsets except for one crucial difference: the price – which is less than half that of the similarly metallic iPhone 5s from the US group.
The steel handset was unveiled in Beijing by chief executive Lei JunLei on Tuesday, with reports that the crowd murmured “iPhone” as it was unveiled. Hugo Barra, the Google executive who joined Xiaomi as global vice-president last year, was also at the event. Read more
Arm shares are being treated like royalty today, despite being disdained as commoners at the open. Read more
What can a company that proposes using drones to deliver goods instantaneously do to impress?
Amazon tried hard with its Fire phone, the first smartphone ever from the e-commerce giant. It sort of succeeds, but the best thing about the phone is the vision of what it could become after a few rounds of refinements and tweaks. Read more