Galaxy Note 7 fiasco to cost Samsung a total of $5.3 billion
Samsung expects its operating profit to take a hit of $5.3 billion over the next six months due to therecall of Galaxy Note 7; the company had earlier pegged this figure at $2.3 billion, but raised it by $3 billion today. The company’s brand perception has, unsurprisingly, taken a hit too as a survey in the USshowed that 40 percent customers will not buy another smartphone by the company. On the other hand, the number of people using the exploding Note 7 has increased overall, third-party data shows.
Nokia D1C may not be a smartphone at all
Nokia D1C, the long-rumoured and often-leaked smartphone, may apparently not be a smartphone, as a benchmark listing has shown the device to feature a 13.8-inch display. Though the report may disappoint fans waiting for Nokia’s Android phones, the company is still said to be working on two high-end smartphones running Google mobile OS.(Also see: Why Nokia’s Android Phones May Just Be Worth the Wait)
Indians bag big rewards for finding bugs on Facebook
Ethical hackers from India continue to make big money from Facebook’s Bug Bounty program. The social networking company has announced that it doled out the biggest share of its $611,741 reward money to researchers from India, followed by the USA and Mexico.
Uber raises fares by up to 100 percent in Delhi-NCR
Uber has announced that it will raise the operating prices in Delhi-NCR for both UberGo and UberX customers. However, the new prices will be applicable only on trips longer than 20 kilometres. There is no word about nationwide expansion of this price hike.
(Also see: Uber’s App for Drivers Has These 6 Features You Don’t Know About)
Airtel, Vodafone, Idea blame Reliance Jio free calls for network congestion
Asked by regulator Trai to explain high level of call failures, telecom operators Bharti Airtel, Vodafone, and Idea Cellular have cited free voice calls offered by Reliance Jio as the reason for heavy network congestion. The three companies made this submission in reply to show-cause notice by Trai, which is now in the process of examining them and is likely to take a view in a week.
Yahoo hacking puts Verizon’s $4.83 billion deal in uncertainty
Verizon Communications said on Thursday it has a “reasonable basis” to believe Yahoo’s massive data breach of email accounts represents a material impact that could allow Verizon to withdraw from its$4.83 billion deal to buy the technology company. The telecom major said it needs more information from Yahoo in order to decide how significant the hack was.