Italian regulators launch probe into Google over abuse of market dominance

Italy’s antitrust authority announced Friday it has opened an investigation into Google over alleged abuse of its dominant market position. The competition watchdog said the probe relates to Google’s alleged abuse of its position in the smart device market. In a press release, originally in Italian, the Italian Antitrust Authority said it had approved the initiation of a preliminary proceeding against Alphabet Inc., Google LLC and Google Italy S.r.l., collectively referred to as Google. The auth


Italy’s antitrust authority announced Friday it has opened an investigation into Google over alleged abuse of its dominant market position. The competition watchdog said the probe relates to Google’s alleged abuse of its position in the smart device market. In a press release, originally in Italian, the Italian Antitrust Authority said it had approved the initiation of a preliminary proceeding against Alphabet Inc., Google LLC and Google Italy S.r.l., collectively referred to as Google. The auth
Italian regulators launch probe into Google over abuse of market dominance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: elliot smith
Keywords: news, cnbc, companies, dominance, probe, antitrust, alleged, app, google, authority, market, watchdog, regulators, italian, abuse, launch, enel


Italian regulators launch probe into Google over abuse of market dominance

Italy’s antitrust authority announced Friday it has opened an investigation into Google over alleged abuse of its dominant market position.

The competition watchdog said the probe relates to Google’s alleged abuse of its position in the smart device market.

In a press release, originally in Italian, the Italian Antitrust Authority said it had approved the initiation of a preliminary proceeding against Alphabet Inc., Google LLC and Google Italy S.r.l., collectively referred to as Google.

The authority confirmed that officials carried out inspections Thursday in some of the companies concerned.

The antitrust authority claims Google had refused to integrate the “Enel X Recharge” app, developed by Enel, in its Android Auto app.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: elliot smith
Keywords: news, cnbc, companies, dominance, probe, antitrust, alleged, app, google, authority, market, watchdog, regulators, italian, abuse, launch, enel


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Five-seater, all-electric and jet-powered air taxi makes maiden flight

A German start-up has unveiled a five-seater, all-electric air taxi prototype. In an announcement Thursday, Munich-based Lilium said that its jet-powered air taxi had completed its maiden flight earlier this month. The plan is to eventually offer an on-demand air taxi service, with consumers using an app to find their nearest “landing pad” and then book their trip. In the field of aerial taxis, Uber plans to launch a “shared air transportation” service for urban areas in 2023. The company is wor


A German start-up has unveiled a five-seater, all-electric air taxi prototype. In an announcement Thursday, Munich-based Lilium said that its jet-powered air taxi had completed its maiden flight earlier this month. The plan is to eventually offer an on-demand air taxi service, with consumers using an app to find their nearest “landing pad” and then book their trip. In the field of aerial taxis, Uber plans to launch a “shared air transportation” service for urban areas in 2023. The company is wor
Five-seater, all-electric and jet-powered air taxi makes maiden flight Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: anmar frangoul
Keywords: news, cnbc, companies, startup, service, launch, flight, taxi, jetpowered, makes, allelectric, air, takeoff, maiden, aircraft, lilium, fiveseater, prototype


Five-seater, all-electric and jet-powered air taxi makes maiden flight

A German start-up has unveiled a five-seater, all-electric air taxi prototype. In an announcement Thursday, Munich-based Lilium said that its jet-powered air taxi had completed its maiden flight earlier this month.

The full-scale prototype, which can take-off and land vertically, is powered by 36 all-electric jet engines and can travel up to 300 kilometers in one hour, according to the company.

The aircraft does not have a tail, rudder, propellers or gearbox. In terms of its environmental impact, Lilium said it had “zero operating emissions.”

The jet flew for the first time on May 4. The prototype, which is remotely controlled by an operator on the ground, is now undertaking a series of flight tests.

The plan is to eventually offer an on-demand air taxi service, with consumers using an app to find their nearest “landing pad” and then book their trip.

In 2017, the start-up completed flight testing for a two-seater prototype. “In less than two years we have been able to design, build and successfully fly an aircraft that will serve as our template for mass production,” Daniel Wiegand, Lilium’s co-founder and CEO, said in a statement.

“Moving from two to five seats was always our ambition as it enables us to open up the skies to many more travelers,” he added.

The way we move around our towns and cities is undergoing a radical change. In October 2018, Dubai’s Roads and Transport Authority announced trials for what it described as the region’s first autonomous taxi.

In the field of aerial taxis, Uber plans to launch a “shared air transportation” service for urban areas in 2023. The company is working with partners to launch small, electric vertical take-off and landing aircraft in Dallas and Los Angeles.


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: anmar frangoul
Keywords: news, cnbc, companies, startup, service, launch, flight, taxi, jetpowered, makes, allelectric, air, takeoff, maiden, aircraft, lilium, fiveseater, prototype


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Montana Gov. Steve Bullock is the latest Democrat to launch a 2020 presidential campaign

Steve Bullock, Governor of Montana, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, May 1, 2017. Steve Bullock, who has cast himself as a bipartisan leader, announced Tuesday he is entering the crowded field of Democrats for the 2020 presidential race, vowing to “take our democracy back.” Bullock joins a field of more than 20 Democrats vying for the right to face Trump in next year’s election. The Montana Democrat is chairman of the National Govern


Steve Bullock, Governor of Montana, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, May 1, 2017. Steve Bullock, who has cast himself as a bipartisan leader, announced Tuesday he is entering the crowded field of Democrats for the 2020 presidential race, vowing to “take our democracy back.” Bullock joins a field of more than 20 Democrats vying for the right to face Trump in next year’s election. The Montana Democrat is chairman of the National Govern
Montana Gov. Steve Bullock is the latest Democrat to launch a 2020 presidential campaign Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: jeff daniels
Keywords: news, cnbc, companies, montana, shot, latest, gov, democrats, trump, bullock, including, 2020, steve, governors, presidential, field, democrat, launch, campaign


Montana Gov. Steve Bullock is the latest Democrat to launch a 2020 presidential campaign

Steve Bullock, Governor of Montana, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, May 1, 2017.

Montana Gov. Steve Bullock, who has cast himself as a bipartisan leader, announced Tuesday he is entering the crowded field of Democrats for the 2020 presidential race, vowing to “take our democracy back.”

“I believe in an America where every child has a fair shot to do better than their parents. But we all know that kind of opportunity no longer exists for most people; for far too many, it never has,” Bullock said in his announcement. “We need to defeat Donald Trump in 2020 and defeat the corrupt system that lets campaign money drown out the people’s voice, so we can finally make good on the promise of a fair shot for everyone.”

Bullock joins a field of more than 20 Democrats vying for the right to face Trump in next year’s election. Former Vice President Joe Biden has opened large leads in a variety of polls of Democratic voters, while Sens. Bernie Sanders, Elizabeth Warren and Kamala Harris make up the next tier.

While looking to run as a centrist, the two-term governor has worked on several progressive issues, including expanded health care and early childhood education to wage equality and campaign finance reform. He also has courted rural Americans and discussed the unique challenges they face and could broaden Democrats appeal in red states.

Bullock, 53, has already been to Iowa several times since last summer, and his Big Sky Values PAC has been adding staff in the key state. He’s also traveled to New Hampshire in the past year.

The Montana Democrat is chairman of the National Governors Association, a bipartisan group. Other governors have already entered the field of Democrats seeking the 2020 nomination, including Washington’s Jay Inslee and former Colorado Gov. John Hickenlooper.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: jeff daniels
Keywords: news, cnbc, companies, montana, shot, latest, gov, democrats, trump, bullock, including, 2020, steve, governors, presidential, field, democrat, launch, campaign


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After exiting Beyond Meat, Tyson Foods will launch meatless products this summer

A package of Tyson Foods Inc. Jimmy Dean brand turkey sausage is arranged for a photograph in Tiskilwa, Illinois. After exiting Beyond Meat, Tyson Foods said that it will roll out its own plant-based meat substitutes beginning this summer. The Jimmy Dean owner sold its stake in Beyond before the company went public, citing its desire to produce vegetarian meat substitutes under its own umbrella of brands. CEO Noel White told analysts on the quarterly conference call Monday that the plant-based p


A package of Tyson Foods Inc. Jimmy Dean brand turkey sausage is arranged for a photograph in Tiskilwa, Illinois. After exiting Beyond Meat, Tyson Foods said that it will roll out its own plant-based meat substitutes beginning this summer. The Jimmy Dean owner sold its stake in Beyond before the company went public, citing its desire to produce vegetarian meat substitutes under its own umbrella of brands. CEO Noel White told analysts on the quarterly conference call Monday that the plant-based p
After exiting Beyond Meat, Tyson Foods will launch meatless products this summer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: amelia lucas
Keywords: news, cnbc, companies, tyson, substitutes, meatless, went, wider, launch, exiting, foods, meat, products, dean, plantbased, summer, white, jimmy


After exiting Beyond Meat, Tyson Foods will launch meatless products this summer

A package of Tyson Foods Inc. Jimmy Dean brand turkey sausage is arranged for a photograph in Tiskilwa, Illinois.

After exiting Beyond Meat, Tyson Foods said that it will roll out its own plant-based meat substitutes beginning this summer.

The Jimmy Dean owner sold its stake in Beyond before the company went public, citing its desire to produce vegetarian meat substitutes under its own umbrella of brands. CEO Noel White told analysts on the quarterly conference call Monday that the plant-based product will launch this summer on a limited basis, with a wider rollout in October and November.

Following Tyson’s announcement, Beyond Meat’s stock opened down 6% before rebounding as high as 7% against steeper losses in the broader market.


Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: amelia lucas
Keywords: news, cnbc, companies, tyson, substitutes, meatless, went, wider, launch, exiting, foods, meat, products, dean, plantbased, summer, white, jimmy


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Marriott plans to launch home-rental market platform that would compete with Airbnb, report says

SAN FRANCISCO, CA – NOVEMBER 16: A sign is posted in front of a Marriott hotel on November 16, 2015 in San Francisco, California. The deal would create the world’s largest hotel company. Marriott is the world’s largest hotel company and would be the first major hotel company to create a home-rental platform for the U.S., following its pilot program in Europe. The company partnered with Hostmaker, a home-rental management company, and offered 340 properties for home-sharing stays in Paris, Rome,


SAN FRANCISCO, CA – NOVEMBER 16: A sign is posted in front of a Marriott hotel on November 16, 2015 in San Francisco, California. The deal would create the world’s largest hotel company. Marriott is the world’s largest hotel company and would be the first major hotel company to create a home-rental platform for the U.S., following its pilot program in Europe. The company partnered with Hostmaker, a home-rental management company, and offered 340 properties for home-sharing stays in Paris, Rome,
Marriott plans to launch home-rental market platform that would compete with Airbnb, report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: nadine el-bawab, deirdre bosa
Keywords: news, cnbc, companies, launch, hotel, compete, airbnb, market, report, hotels, marriott, homerental, san, platform, plans, according, stake, worlds, company


Marriott plans to launch home-rental market platform that would compete with Airbnb, report says

SAN FRANCISCO, CA – NOVEMBER 16: A sign is posted in front of a Marriott hotel on November 16, 2015 in San Francisco, California. Marriott International announced plans to purchase Starwood Hotels & Resorts for $12.2 billion. The deal would create the world’s largest hotel company. (Photo by Justin Sullivan/Getty Images)

Marriott International is gearing up to start a new home-rental business with the goal of competing with Airbnb and other home-sharing companies, The Wall Street Journal reports.

Marriott is the world’s largest hotel company and would be the first major hotel company to create a home-rental platform for the U.S., following its pilot program in Europe.

The company partnered with Hostmaker, a home-rental management company, and offered 340 properties for home-sharing stays in Paris, Rome, Lisbon and London. The properties came with a 24-hour support line and an in-person check-in through Hostmaker, Marriott told the Journal.

Marriott would allow guests using the platform to earn and redeem loyalty points as they do with other brands Marriott owns, including Sheraton, W hotels and Ritz-Carlton.

Marriott did not immediately respond to CNBC’s request for a comment.

Other hotel operators such as Hilton Worldwide Holdings and Hyatt Hotels are also exploring or studying the home-rental industry, according to the Journal.

Hyatt Hotels had a minority stake in onefinestay, a company offering upscale rentals that was later acquired by Accor. Hyatt also had a stake in Oasis Collections and incorporated the firm’s rental listings into its loyalty program and distribution system until it severed ties with the company when it was taken over by Vacasa.

This comes as Airbnb began to expand into the traditional hotel business last month when it acquired Hotel Tonight, a company that collects bookings from hotels and offers them at a discounted price. Airbnb also recently invested in Oyo Hotels & Homes, an Indian hotel-booking company. Airbnb just announced that it will be partnering with RXR Realty, a New York City developer, to launch its first hotel, which can be booked on Airbnb’s platform.

As the world’s biggest hotel company, Marriott owns about 1.3 million guest rooms globally, according to data tracker STR, while Airbnb has nearly 5 million rooms listed, according to AirDNA.

New competition for Airbnb comes as a number of city governments have said some of the platform’s hosts have turned their homes into illegal hotels.


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: nadine el-bawab, deirdre bosa
Keywords: news, cnbc, companies, launch, hotel, compete, airbnb, market, report, hotels, marriott, homerental, san, platform, plans, according, stake, worlds, company


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Elon Musk says Tesla will launch an insurance product in about a month

In response to a subsequent question about the safety of Autopilot, Musk said Tesla gives more details about safety to insurance companies. “We do give some more detailed information to insurance companies to help with rates. And obviously as we launch our own insurance product next month, we will certainly incorporate that information into the insurance rates,” Musk said. Tesla has access to “direct knowledge of the risk profile of customers based on the car,” Musk said. Musk said, if potential


In response to a subsequent question about the safety of Autopilot, Musk said Tesla gives more details about safety to insurance companies. “We do give some more detailed information to insurance companies to help with rates. And obviously as we launch our own insurance product next month, we will certainly incorporate that information into the insurance rates,” Musk said. Tesla has access to “direct knowledge of the risk profile of customers based on the car,” Musk said. Musk said, if potential
Elon Musk says Tesla will launch an insurance product in about a month Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: christine wang, jim watson, afp, getty images
Keywords: news, cnbc, companies, month, company, product, tesla, insurance, elon, safety, gives, price, information, launch, rates, quarter, musk


Elon Musk says Tesla will launch an insurance product in about a month

In response to a subsequent question about the safety of Autopilot, Musk said Tesla gives more details about safety to insurance companies.

“We do give some more detailed information to insurance companies to help with rates. And obviously as we launch our own insurance product next month, we will certainly incorporate that information into the insurance rates,” Musk said.

Tesla has access to “direct knowledge of the risk profile of customers based on the car,” Musk said. This gives the company a significant “price sort of arbitrage or information arbitrage opportunity,” he explained.

Musk said, if potential Tesla customers “want to buy Tesla insurance, they have to agree to not drive the car in a crazy way — or if they can, but then the insurance rate is higher.”

A Tesla spokesperson said the company has no further information to share on the program at this time.

The comments come after Tesla reported a wider-than-expected loss in the first quarter. The company had previously warned that income for the quarter would “be negatively impacted” by “lower than expected delivery volumes and several pricing adjustments.

The stock was volatile after hours and was last seen about flat with its closing price as more than 1.8 million shares changed hands.

WATCH: Tesla loses $2.90/share, revenue light, as well


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: christine wang, jim watson, afp, getty images
Keywords: news, cnbc, companies, month, company, product, tesla, insurance, elon, safety, gives, price, information, launch, rates, quarter, musk


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Samsung delays shipping its $2,000 folding smartphone. Analysts say that hurts the brand

The South Korean electronics firm was set to launch its Galaxy Fold smartphone on April 26. Samsung shares traded down 0.33% Tuesday afternoon, tracking below the South Korean benchmark index, Kospi, which traded near flat. “I doubt that the delay will be for long period of time given it had experience of Note 7 launch.” It’s not like the Note 7 battery issue or anything like that,” he said, adding the smartphone giant needs “to get this right.” In 2016, Samsung experienced one of the worst tech


The South Korean electronics firm was set to launch its Galaxy Fold smartphone on April 26. Samsung shares traded down 0.33% Tuesday afternoon, tracking below the South Korean benchmark index, Kospi, which traded near flat. “I doubt that the delay will be for long period of time given it had experience of Note 7 launch.” It’s not like the Note 7 battery issue or anything like that,” he said, adding the smartphone giant needs “to get this right.” In 2016, Samsung experienced one of the worst tech
Samsung delays shipping its $2,000 folding smartphone. Analysts say that hurts the brand Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: saheli roy choudhury, magdalena petrova
Keywords: news, cnbc, companies, analysts, smartphone, launch, phone, note, delay, traded, samsung, samsungs, delays, date, hurts, 2000, folding, brand, say, shipping, galaxy


Samsung delays shipping its $2,000 folding smartphone. Analysts say that hurts the brand

Samsung’s decision to delay the release of the nearly $2,000 foldable phone will hurt its brand reputation in the short term, but the flagging smartphone industry is still betting on the tech giant to produce a winner, analysts said Tuesday.

The South Korean electronics firm was set to launch its Galaxy Fold smartphone on April 26. After some reviewers, including CNBC’s Todd Haselton, encountered issues with early testing units, Samsung said Monday the phone “needs further improvements” before it’s released to customers. The company added that a new release date will be announced “in the coming weeks.”

Samsung shares traded down 0.33% Tuesday afternoon, tracking below the South Korean benchmark index, Kospi, which traded near flat.

If the phone’s launch is delayed for too long, it will be a cause for concern among stakeholders, according to Daniel Yoo, head of global strategy and research at Kiwoom Securities. He told CNBC by email that Samsung’s flagship Galaxy S10 is seen as a “very satisfactory” device, but the launch of the foldable phone will determine if the world’s largest smartphone maker can remain a leader in the sector and continue to play an important role in technology advancement.

“I expect Samsung to solve all the problems before the newly announced official launch date, and the date will be most likely before the end of 2Q2019,” he said, referring to the three months that will end in June. “I doubt that the delay will be for long period of time given it had experience of Note 7 launch.”

Bob O’Donnell, president, founder and chief analyst at Technalysis Research, told CNBC’s “Squawk Box” on Tuesday that the delay will hit Samsung’s brand.

“Granted, it’s going to hit the brand, but I don’t think it’s a killer. It’s not like the Note 7 battery issue or anything like that,” he said, adding the smartphone giant needs “to get this right.”

In 2016, Samsung experienced one of the worst technology recalls in recent times after some of its faulty Galaxy Note 7 devices suffered battery malfunctions and spontaneously caught fire.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: saheli roy choudhury, magdalena petrova
Keywords: news, cnbc, companies, analysts, smartphone, launch, phone, note, delay, traded, samsung, samsungs, delays, date, hurts, 2000, folding, brand, say, shipping, galaxy


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Samsung delays shipping its $2,000 folding smartphone. Analysts say that hurts the brand

The South Korean electronics firm was set to launch its Galaxy Fold smartphone on April 26. Samsung shares traded down 0.33% Tuesday afternoon, tracking below the South Korean benchmark index, Kospi, which traded near flat. “I doubt that the delay will be for long period of time given it had experience of Note 7 launch.” It’s not like the Note 7 battery issue or anything like that,” he said, adding the smartphone giant needs “to get this right.” In 2016, Samsung experienced one of the worst tech


The South Korean electronics firm was set to launch its Galaxy Fold smartphone on April 26. Samsung shares traded down 0.33% Tuesday afternoon, tracking below the South Korean benchmark index, Kospi, which traded near flat. “I doubt that the delay will be for long period of time given it had experience of Note 7 launch.” It’s not like the Note 7 battery issue or anything like that,” he said, adding the smartphone giant needs “to get this right.” In 2016, Samsung experienced one of the worst tech
Samsung delays shipping its $2,000 folding smartphone. Analysts say that hurts the brand Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: saheli roy choudhury, magdalena petrova
Keywords: news, cnbc, companies, analysts, smartphone, launch, phone, note, delay, traded, samsung, samsungs, delays, date, hurts, 2000, folding, brand, say, shipping, galaxy


Samsung delays shipping its $2,000 folding smartphone. Analysts say that hurts the brand

Samsung’s decision to delay the release of the nearly $2,000 foldable phone will hurt its brand reputation in the short term, but the flagging smartphone industry is still betting on the tech giant to produce a winner, analysts said Tuesday.

The South Korean electronics firm was set to launch its Galaxy Fold smartphone on April 26. After some reviewers, including CNBC’s Todd Haselton, encountered issues with early testing units, Samsung said Monday the phone “needs further improvements” before it’s released to customers. The company added that a new release date will be announced “in the coming weeks.”

Samsung shares traded down 0.33% Tuesday afternoon, tracking below the South Korean benchmark index, Kospi, which traded near flat.

If the phone’s launch is delayed for too long, it will be a cause for concern among stakeholders, according to Daniel Yoo, head of global strategy and research at Kiwoom Securities. He told CNBC by email that Samsung’s flagship Galaxy S10 is seen as a “very satisfactory” device, but the launch of the foldable phone will determine if the world’s largest smartphone maker can remain a leader in the sector and continue to play an important role in technology advancement.

“I expect Samsung to solve all the problems before the newly announced official launch date, and the date will be most likely before the end of 2Q2019,” he said, referring to the three months that will end in June. “I doubt that the delay will be for long period of time given it had experience of Note 7 launch.”

Bob O’Donnell, president, founder and chief analyst at Technalysis Research, told CNBC’s “Squawk Box” on Tuesday that the delay will hit Samsung’s brand.

“Granted, it’s going to hit the brand, but I don’t think it’s a killer. It’s not like the Note 7 battery issue or anything like that,” he said, adding the smartphone giant needs “to get this right.”

In 2016, Samsung experienced one of the worst technology recalls in recent times after some of its faulty Galaxy Note 7 devices suffered battery malfunctions and spontaneously caught fire.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: saheli roy choudhury, magdalena petrova
Keywords: news, cnbc, companies, analysts, smartphone, launch, phone, note, delay, traded, samsung, samsungs, delays, date, hurts, 2000, folding, brand, say, shipping, galaxy


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Samsung’s flawed foldable phone could serve as a cautionary tale

It’s easy to see why Samsung initially wanted to push out its first-ever folding phone so soon after handing it to reviewers. Reviewers who got an early look at Samsung’s Galaxy Fold have already reported issues with the screens breaking. Samsung subsequently said it will delay the release of the near-$2,000 Galaxy Fold past the original April 26 launch date. Huawei is expected to sell its pricier $2,600 Mate X to customers later this year. The phone is a little different to Samsung’s.


It’s easy to see why Samsung initially wanted to push out its first-ever folding phone so soon after handing it to reviewers. Reviewers who got an early look at Samsung’s Galaxy Fold have already reported issues with the screens breaking. Samsung subsequently said it will delay the release of the near-$2,000 Galaxy Fold past the original April 26 launch date. Huawei is expected to sell its pricier $2,600 Mate X to customers later this year. The phone is a little different to Samsung’s.
Samsung’s flawed foldable phone could serve as a cautionary tale Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: ryan browne, joan cros, nurphoto, getty images, magdalena petrova
Keywords: news, cnbc, companies, release, samsungs, cautionary, launch, tech, phone, mate, research, foldable, tale, huawei, screens, serve, flawed


Samsung's flawed foldable phone could serve as a cautionary tale

It’s easy to see why Samsung initially wanted to push out its first-ever folding phone so soon after handing it to reviewers.

With Chinese competitor Huawei making known its own ambition to launch such a device, it was unsurprising the South Korean tech giant would want to stay ahead of the curve.

But that move proved problematic for the world’s top manufacturer of smartphones. Reviewers who got an early look at Samsung’s Galaxy Fold have already reported issues with the screens breaking.

Samsung subsequently said it will delay the release of the near-$2,000 Galaxy Fold past the original April 26 launch date. It said it will announce a new release date “in the coming weeks.”

Now the attention may turn to other smartphone makers with foldable ambitions. And that might not necessarily be a good thing, according to experts.

Huawei is expected to sell its pricier $2,600 Mate X to customers later this year. The phone is a little different to Samsung’s. It folds out backward so that, when closed, there are screens on both sides.

As one prominent tech reviewer, Marques Brownlee, points out on YouTube: “I am now way more skeptical about Huawei Mate X, which I thought looked incredible, but now I’m kind of concerned about that folding display being on the outside.”

Peter Richardson, research director for tech strategies at Counterpoint Research, echoes Brownlee’s concern. He told CNBC Huawei’s approach makes its foldable’s screen “even more exposed.” A spokesperson for Huawei declined to comment when contacted by CNBC.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: ryan browne, joan cros, nurphoto, getty images, magdalena petrova
Keywords: news, cnbc, companies, release, samsungs, cautionary, launch, tech, phone, mate, research, foldable, tale, huawei, screens, serve, flawed


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Samsung’s flawed foldable phone could serve as a cautionary tale

It’s easy to see why Samsung initially wanted to push out its first-ever folding phone so soon after handing it to reviewers. Reviewers who got an early look at Samsung’s Galaxy Fold have already reported issues with the screens breaking. Samsung subsequently said it will delay the release of the near-$2,000 Galaxy Fold past the original April 26 launch date. Huawei is expected to sell its pricier $2,600 Mate X to customers later this year. The phone is a little different to Samsung’s.


It’s easy to see why Samsung initially wanted to push out its first-ever folding phone so soon after handing it to reviewers. Reviewers who got an early look at Samsung’s Galaxy Fold have already reported issues with the screens breaking. Samsung subsequently said it will delay the release of the near-$2,000 Galaxy Fold past the original April 26 launch date. Huawei is expected to sell its pricier $2,600 Mate X to customers later this year. The phone is a little different to Samsung’s.
Samsung’s flawed foldable phone could serve as a cautionary tale Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: ryan browne, joan cros, nurphoto, getty images, magdalena petrova
Keywords: news, cnbc, companies, release, samsungs, cautionary, launch, tech, phone, mate, research, foldable, tale, huawei, screens, serve, flawed


Samsung's flawed foldable phone could serve as a cautionary tale

It’s easy to see why Samsung initially wanted to push out its first-ever folding phone so soon after handing it to reviewers.

With Chinese competitor Huawei making known its own ambition to launch such a device, it was unsurprising the South Korean tech giant would want to stay ahead of the curve.

But that move proved problematic for the world’s top manufacturer of smartphones. Reviewers who got an early look at Samsung’s Galaxy Fold have already reported issues with the screens breaking.

Samsung subsequently said it will delay the release of the near-$2,000 Galaxy Fold past the original April 26 launch date. It said it will announce a new release date “in the coming weeks.”

Now the attention may turn to other smartphone makers with foldable ambitions. And that might not necessarily be a good thing, according to experts.

Huawei is expected to sell its pricier $2,600 Mate X to customers later this year. The phone is a little different to Samsung’s. It folds out backward so that, when closed, there are screens on both sides.

As one prominent tech reviewer, Marques Brownlee, points out on YouTube: “I am now way more skeptical about Huawei Mate X, which I thought looked incredible, but now I’m kind of concerned about that folding display being on the outside.”

Peter Richardson, research director for tech strategies at Counterpoint Research, echoes Brownlee’s concern. He told CNBC Huawei’s approach makes its foldable’s screen “even more exposed.” A spokesperson for Huawei declined to comment when contacted by CNBC.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: ryan browne, joan cros, nurphoto, getty images, magdalena petrova
Keywords: news, cnbc, companies, release, samsungs, cautionary, launch, tech, phone, mate, research, foldable, tale, huawei, screens, serve, flawed


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