Samsung Electronics says its Android-powered Galaxy S4 smartphone has already sold 10 million units since sales began on 26th April, less than a month ago.
That’s the equivalent of four phones every second.
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OtterBox has acquired TreeFrog Developments, the company behind the LifeProof brand.
Both are US-based companies that make protective cases for smartphones and tablets. OtterBox was established in 1998, while LifeProof was founded in 2009.
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Communications technology business Ericsson is planning to close its telecom cables operation within the company’s Networks business unit.
318 jobs in Sweden are expected to be lost.
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Samsung Electronics is reported to have bought a 10% stake in smartphone and tablet manufacturer Pantech.
Pantech is South Korea’s third-largest handset maker after Samsung and LG.
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Brian Krzanich, who was appointed as CEO of Intel Corporation last week, has started making changes to the company.
He’s taking direct control of a number of business units and is also reported to be creating a ‘new devices’ group that will look beyond mobile.
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