In my tech predictions of 2013 I somehow missed that this would be the year of the smartwatch. But now the most established names in tech are realizing the future may be all in the wrist.
Adele, the soulful British songstress, has broken all kinds of records with her hugely successful sophomore album ’21’ since it was released in the US in Feb 2011. The album, which picked up 6 Grammys this year, was by far and away the biggest selling album of last year with 5.8 million copies sold. And in 2012, at the halfway mark, despite endless plays in supermarkets, gyms and your dentist’s waiting room, it’s still burning up cash registers, moving another 3.7 million units through the end of June, or more than four times the next best-selling album (Lionel Richie’s Tuskegee in case you wondered).
Samsung Electronics, the world’s top maker of memory chips and smartphones, reported a record quarterly profit, aided by one-off gains and best-ever sales of high-end phones. The South Korean firm posted 5.2 trillion won ($4.5 billion) in quarterly operating profit, beating a consensus forecast of 4.7 trillion won by analysts surveyed by Thomson Reuters I/B/E/S. Samsung, which surged past Apple as the world’s top smartphone maker in the third quarter, only entered the smartphone market in earnest in 2010, but its handset division is now its biggest earnings generator.
Samsung, the South Korean consumer electronics giant, has spent most of the last two decades eating the lunch of rival Japanese electronics giant, Sony. While Sony has had struggled with all types of existential debates and attacks at home and abroad including, the global hacker attack of its online network, Samsung has gone from strength to strength in setting the electronics agenda with its cutting edge TVs, phones and tablets.
On the same day that James Murdoch was fighting for his career at a parliamentary hearing on Thursday in London, Sony’s CEO Sir Howard Stringer was making fun of the whole situation an ocean away.
Democrats in the Senate blocked a Republican-backed resolution to disapprove of the FCC’s rules on net neutrality. The vote was 52-46 against the resolution. Adopted by a divided FCC last December, the rules forbid broadband providers from blocking legal content while leaving flexibility for providers to manage their networks. The rules still face a court challenge. Lawsuits by Verizon and others have been consolidated. Backers of net neutrality say big providers could otherwise use their gatekeeper role to discriminate against competitors. But Republicans said the rules were an unprecedented power grab by the FCC.