The worldwide smartphone market grew 23.1% year over year in the second quarter, fueled by shipments from fast-growing Chinese vendors Huawei and Lenovo. Total smartphone shipments reached 295.3 million units, a quarterly record, research firm IDC reported Tuesday. South Korea-based Samsung remained the No. 1 smartphone maker, with 25.2% market share in Q2, but that’s down from 32.3% in Q2 2013. Samsung’s unit shipments dipped 3.9% to 74.3
Insurers put food on the table by preparing for disasters that most people would rather not think about: fires, hurricanes, earthquakes, car accidents, collapsing buildings. Now they’re increasingly writing policies for another worry — cyberattacks. One of the many changes brought by the Internet revolution is that stealing customer data or a company’s proprietary information is easier than ever. One doesn’t even need to be on the
Yandex (YNDX) stock rose Tuesday after Russia’s Internet search leader posted second-quarter sales that topped analyst expectations and affirmed its full-year guidance. Yandex said its sales rose 32% to 12.2 billion Russian rubles ($362 million) in the June quarter. Analysts polled by Thomson Reuters expected $358 million in revenue. Its adjusted net income of 3.3 billion Russian rubles ($98.7 million) rose 9% from the year-earlier quarter. “Our
ServiceNow’s (NOW) trajectory as one of the fastest-growing companies among the young gun high-growth software names will likely continue when the company reports its second-quarter earnings after the market close Wednesday. The maker of software-as-a-service used to manage service desk functions is growing at the expense of larger rivals BMC Software, CA Technologies (CA) and Hewlett-Packard (HPQ). ServiceNow stock was up more than 1% in midday
Corning (GLW) shattered its recent winning streak on the stock market after posting second-quarter earnings early Tuesday that missed Wall Street estimates. The maker of specialty glass was hurt by lower demand for its Gorilla Glass, which is used in smartphones from Apple and Samsung. The Corning, N.Y.-based company earned 37 cents a share excluding items in the June quarter, up 16% from Q2 2013, but that missed analyst estimates by a penny.