Google to launch a new company for smart cities

Google (GOOG) has launched a new company called Sidewalk Lab to develop services and products for smart cities. Sidewalk is focusing to improve the life for everyone by developing and incubating urban technologies to adress issues like lowering the cost of living, efficient transportation and energy usage.

According to Google, new services and products like internet of things and flexible buildings and infrastructure allow cities to tackle the problems. The company will be lead by Dan Doctoroff, former CEO of Bloomberg News.

Business Tech

Tesla to provide green energy for homes/offices & utilities

Tesla Motors (TSLA US) is entering new markets beyond electric cars. The CEO  Elon Musk announced on Wednesday that the company is starting delivering  so called Powerwalls, which enable homes to store for example solar energy to be used during the peak hours. Tesla says that this is a new innovation with easy to use and install and the battery itself is well designed and offer different colors. The deliveries of this lithium-ion batteries will start late summer this year and the walls are 7 kWh or 10 kWh priced 3500 dollars.

According to Musk the goal is to fundamentally change the way the world uses energy. “We are talking at the terawatt scale. The goal is complete transformation of the entire energy infrastructure of the world” , he said in the launching event.

Tesla is also making so called PowerPack solutions for corporations and utilities. So far the power industry has lacked a cost-effective solution for energy storage and this issue is growing all the time, while there is growing amount of solar and wind energy to be integrated into the grid. Tesla is building its own gigawatfactory and has also several co-operations agreements with local utilities and industries.

Tesla share closed to 226,03 dollars in Nasdaq New York.

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Business Tech

Apple sales jump – market cap to exceed 1000 billion?

Apple announced a record quarter today. According to the company, revenues jumped to 58 billion dollars, up 27 percent and net income was 13,6 billion dollars during the second quarter ending March 2015.

Earnings per share was 2,33 dollars, when the markets were expecting 2,16 dollars according to Bloomberg.

The Sales in China exceeded the US Sales for the first time. The company sold 61,2 million units during the quarter, of which 16,8 million in China.

The Sales of IPads were down by 23 percent to 12,6 million units. This is the fifth quarter of declining sales figures for tablets.

Strong results and Apple Watch have boosted new target price, which would mean the market value of 1000 billion dollars. Apple closed up 1,8 percent to 132, 65 dollars in New York.

Business Tech

Wall Street to near new records

Both Nasdaq and S&P 500 were near new records  in New York today. Good performing tech companies fuelled the rally.

One of the big tech companies Microsoft announced its quarterly results with revenues 6 % increase to 21,7 billion dollars.

According to the company Office downloads were 100 millions on iPhones, iPads and Anroid tablets. Lumia mobile phones sales were up 18 percent to 8,6 million devices Year on Year.  

Operating income was down 5 % to 6,6 billion dollars. Microsoft made 190 million dollars restructuring charge due to Nokia acquisition.

Business Tech

Nokia and Alcatel-Lucent to merge with 15,6 billion euros deal

Telecom network companies Nokia and Alcatel-Lucent are merging. The companies have confirmed the speculations today. The deal would be worth 15,6 billion euros, which means that Alcatel investors will receive 0,55 Nokia shares. The new combined company would mean net sales of 25,9 billion euros and operating profit  307 million euros. The companies estimate that the synergies would be 900 million euros by 2019 and savings 200 million euros by 2017.

In the merge, the company headquarter would be in Finland. Alcatel investors would own 33,5 % of the new company and Nokia investors 66,5 % if the merger would be accepted as such. The new company is expected to operate in the beginning of 2016.

Tech

Spotify market valuation to 8,4 billion dollars

According to the Wall Street Journal, the Swedish music streaming service Spotify is near to rise 400 million dollars in a new deal, which would mean the market valuation of 8,4 billion dollars. According to the newspaper, Goldman Sachs and Abu Dhabi sovereign wealth fund would be the main financiers and this deal would place Spotify as one of the high-valued tech companies.

Finance Tech

Luxury smartwatch to enter the markets – TAG Heure the latest

During the first months of this year, there has been much speculation about the new smart wearables and if the luxury watch industry will join the trend or not. Now the latest to inform about new wearable smartwatch is the TAG Heure company in co-operation with Google and Intel.

“Swiss watchmaking and Silicon Valley is a marriage of technological innovation with watchmaking credibility. Our collaboration provides a rich host of synergies, forming a win-win partnership, and the potential for our three companies is enormous,” the company said in the press conference in the BaselWorld 2015  last week. According to the company this will mean greater utility and value for people.

The markets are waiting for the Apple´s Golden Smartwatch launch this April, which will give new items for market development.

 

 

Lifestyle Tech