Eric Schmidt, Google’s executive chairman, believes that a third of check-out terminals in retail stores and restaurants will be upgraded to allow wireless “tap and pay” from mobile phones within the next year.
Such a development will prepare the ground for what he believes will be a “trillion dollar” industry of mobile advertising and payments. Read more
Now there is another mobile wallet to add to consumer confusion. The UK’s three largest mobile operators, Vodafone, O2 and Everything Everywhere, on Thursday said they had teamed up to create a single platform for making payments by mobile phone. Read more
The headlong rush into mobile banking continued on Thursday with Visa announcing two deals in this area. The payments company has bought Fundamo, a South African mobile software company for $110m. It has also signed a 5-year deal with Monitise, a UK company that helps verify mobile banking transactions.
The deals come after last month Google, Mastercard and Citigroup announced plans to launch a “mobile wallet” that could be used at a number of stores in the US. Read more
Microsoft’s sneak preview of its latest Windows mobile phone operating system on Tuesday has left the critics bemused. The new software is the first glimpse of what Nokia/Microsoft smartphones might look like when they are launched at the end of this year. It is the first chance to judge whether Microsoft – which has just 3.6 per cent of the market for smartphone operating systems – might be able to challenge Android and Apple. The answer is still a “maybe”. Read more
Yet another instalment of the story of Nokia’s long slow decline came on Thursday with the new global mobile phone handset figures. Nokia is still the world’s leading handset maker but its market share is now down to 25 per cent, a level last seen in 1997. Read more
Does it matter that investors in the public markets are missing out on the big early gains in internet stocks? Niklas Zennstrom (of Skype fame) has done his own calculations and tells us that the majority of large-cap, high-growth names in the world today are not traded on any stock market. Read more
Microsoft was in advanced discussions on Monday night about purchasing Skype, the internet telephone company, in what would be one of the US software company’s largest deals so far as it seeks to boost its online operations. Read more
Multiple members of the US Congress fired off letters to Apple this week about reports that iPhones not only store data about their owners whereabouts but leave unencrypted copies of the information on users’ main computers. Read more
Nokia said it had signed a final agreement to team up with Microsoft in the smartphone market as the troubled Finnish handset maker announced a smaller-than-expected drop in first-quarter profits. Read more
Research in Motion’s first BlackBerry tablet is the puzzling PlayBook – a device with great potential but missing many key features when it launches on Tuesday.
It has an appealing design, great screen, powerful processor and easy-to-grasp interface, but, unless you have an accompanying BlackBerry smartphone, there is no access to the familiar corporate email, calendar, contacts and messaging services yet. Much more is missing too, as we found out in a review (and video first-look) for the Personal Technology column in Friday’s Business Life section of the FT. Read more
Tech news from around the web:
- Google is working on an overhaul of YouTube to take advantage of the WebTV explosion, the Wall Street Journal reports. The online company is also planning to spend as much as $100m to commission low-cost content designed exclusively for the web. Meanwhile, The Hollywood Reporter says that Google is planning to open an office in Beverly Hills.
Tech news from around the web:
- Apple’s chief operating officer, Tim Cook, has hinted strongly that there could be cheaper iPhone, according to Business Insider. Speaking to Bernstein analyst Toni Sacconaghi, Mr Cook said Apple was doing ‘clever things’ to attack the prepaid market, because he wanted Apple to be ‘for everyone’ not ‘just for the rich’.
Tonight at the Mobile World Congress event in Barcelona, Sony Ericsson has finally unveiled the Xperia Play – colloquially known as the ‘PlayStation phone’ after months of leaks and rumours online. Read more
So Stephen Elop has taken the plunge. The chief executive of Nokia has just announced a “broad strategic” tie-up with Microsoft on phones and said it would make Windows its main smartphone operating system.
It’s a bold move for the Canadian and investors haven’t greeted the news that well. Shares were down as much 12 per cent in early morning trade. Read more