Tech 2.0 for Thursday, August 8, 2013
Research firm IDC says Apple's iPhone continued to lose market share to Android phones in the second quarter. IDC says the iPhone remains No. 2 behind Android, even without new Apple products driving purchases. Its market share is expected to grow again when a new iPhone comes out, likely this fall. In the April-June period, Android phones accounted for 79 percent of worldwide shipments, up from 69 percent a year ago. The number of Android phones shipped grew nearly 74 percent to 187 million. IDC says shipments of iPhones also grew, by 20 percent to 31 million. But market share fell to 13 percent from nearly 17 percent. Microsoft's Windows Phone was third in the second quarter, with a nearly 4 percent share, followed by BlackBerry, with almost 3 percent.
Groupon named co-founder Eric Lefkofsky as CEO, replacing Andrew Mason, who was fired from the online deals site in February amid growing concerns about its financial performance. Lefkofsky had served as Groupon's chairman and half of the Office of the Chief Executive, along with Vice Chairman Ted Leonsis, since Mason's ousting. Leonsis will now serve as the company's chairman. Groupon also reported second-quarter results on Wednesday. The company reported a loss of $7.6 million, or 1 cent per share, down from earnings of $28.4 million, or 4 cents per share, in the second quarter last year. Adjusted earnings were 2 cents per share in the latest period. That matched analysts' average expectations, according to FactSet. Revenue rose 7 percent to $608.7 million. FactSet says analysts were expecting $606.2 million.
U.S. Sen. Max Baucus says Google Executive Chairman Eric Schmidt will attend his economic development summit next month in Butte, Mont. Baucus says Schmidt will help host an online workshop for businesses on Sept. 17, the second day of the meeting. Google experts will help small-business owners create websites. They also will get help with a domain name, web hosting and other Google tools. Baucus' office says most Internet users look online for local products, but most small businesses do not have a website. Other speakers at the conference include Facebook's Sheryl Sandberg, Alan Mulally of Ford Motor Co., Oracle's Safra Catz and Boeing CEO Jim McNerney. Businesses can register for the summit at MontanaJobsSummit.com. Baucus says it's his sixth summit aimed at spurring business growth.
LG Electronics has unveiled a new smartphone that moves buttons such as volume controls to the rear. LG says the larger phones have become, the more difficult it is for people to use side buttons. LG Electronics Inc.'s new G2 phone has a screen that measures 5.2 inches diagonally, larger than many leading phones. LG says rear buttons will be easier to access with one's index fingers and will result in fewer dropped phones when people fiddle with volume while making calls. The G2's 13-megapixel camera comes with stabilizing image technology for better low-light shots with less blurring. LG also promises good sound. The company said Wednesday that the new phone will be released over the next two months, starting in its home market of South Korea.