For its fiscal third quarter, Sony just posted net income of about $1 billion on revenue of $21.5 billion -- up 33.5% and 0.5% year-on-year, respectively. “Those figures surpassed analyst expectations -- according to a FactSet poll -- and follow a decent quarter of business in Q2 2015, which include a slim $280 million profit. However, Sony continues to struggle on mobile,” TechCrunch reports.
Apple reportedly is developing new wireless charging technology that would allow iPhone users to change their gadgets at a modest distance from a changing station. “Apple is exploring cutting-edge technologies that would allow iPhones and iPads to be powered from further away than the charging mats used with current smartphones,” Bloomberg Businessweek reports, citing sources.
Apple is reportedly developing a content subscription feature for its News app. “The move would differentiate Apple News from Facebook's Instant Articles news offering, which does not offer subscriber-only content, and would likely give Apple a boost as it seeks to distinguish itself from a growing crowd of online news apps,” Reuters reports.
Google’s Accelerated Mobile Pages are set to start serving in search early next month, Marketing Land reports, citing a blog post
from Google’s head of ads Sridhar Ramaswamy. “Since ad support was announced last November, Google has been working with ad tech partners to test ad serving scenarios for AMP, including native ads and paywalls.”
Waze is rolling out new software designed to collect more traffic information from its more active users. “The Waze Transport SDK lets other companies weave Waze’s mapping, traffic and driver-guidance data more deeply into their own mobile apps,” The Wall Street Journal reports. New partners include Lyft, emergency-dispatch technology provider The Genesis Group and JustPark Parking.
California assemblyman Jim Cooper introduced a bill this week that would prohibit the sale of smartphones with unbreakable encryption. “If the bill passes both the Assembly and State Senate and is signed into law by Gov. Jerry Brown (D), it would affect modern iOS and Android devices, which enable full-disk encryption that neither Apple nor Google can access,” ars technica reports.
The number of users who purchase items using mobile payments are expected to rise to 15.6% of U.S. users this year, or about 37.5 million people, reports the Los Angeles Times. The total value of mobile payment transactions in the U.S. is expected to triple this year, reaching $27 billion. eMarketer predicts that number could reach $210.5 billion in 2019. While that is only a drop in the bucket of the total volume of credit card transactions, which is in the trillions, it shows an upward trend where mobile payments are concerned.
Google is testing the option to install apps from inside Google search results without opening the Play Store. “Google is always testing one or two little things in search results, but this is a more significant change,” Android Police notes. “This might only work from the Google app, not Chrome (that's common with similar features).”
Dick Costolo, Twitter’s last CEO, is cofounding a new fitness-focused startup with Bryan Oki. Oki formerly cofounded and led another fitness platform named Fitify. “Costolo also revealed that he’s joining -- as partner -- venture capital (VC) firm Index Ventures, which has bases in San Francisco and Europe,” Venture Beat reports.
Hey Inc. has decided to shut down an app named Stolen. “Basically, the app allowed you to ‘own’ peers with Twitter accounts, whether they signed up for the service or not,” TechCrunch reports. “It was meant to be a fun game, but rubbed many people the wrong way.”