Sales of Apple's App Store surpassed the $10 billion mark last year, reinforcing its lead over Google's Play Store in the arena of mobile computing, the Financial Times reported.
Tags: Google
Report cites reasons why venture-backed M&As still continue to slide
The mergers and acquisitions activity for companies supported by venture capital has continued to decline even with the sizable acquisition of Nest Labs by Google, The WSJ's Digits reports.
Google acquires Nest Labs for $3.2B
Google has acquired Nest Labs, a startup established by former Apple employees, for $3.2 billion. According to a Financial Times report, the move is seen as a bold bet on what is called the "internet of things."
Chinese app store Wandoujia lands $120 in funding led by SoftBank
China based mobile app distribution platform Wandoujia raised $120 million in a recent funding round led by SoftBank Corp, for the acceleration of its growth and development of its mobile search technology.
Apple did not infringe on Google patent -US Court of Appeals
Tech giant Apple Inc did not infringe on a patented technology owned by Google to make the iPhone, according to the US Court of Appeals for the Federal Circuit.
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Gartner, a research group, predicted that over 1 billion smartphones and tablet computers installed with the Android operating system of Google will reach customers in 2014.
Photo pinning social site Pinterest bought San Francisco-based image recognition startup VisualGraph for an undisclosed amount to automatically detect items pinned on the site and to tailor future ads.
Tech giant Google has purchased Timely, the alarm clock app created by BitSpin, for an undisclosed sum, making all its versions including the upgraded one, completely free.
The rising use of mobile computing has prompted the development of fresh technology startups around the world as international entrepreneurs hope to get a share of the markets for tablets and smartphones, the Financial Times reported.
The corporate buses of Apple Inc and Google Inc were delayed from their morning commute due to protesters in San Francisco and Oakland blocking them, Reuters reported.
Palo Alto, California-based Cyanogen has closed $23 million in Series B funding from Andreessen Horowitz and Tencent to expand its workforce and develop its CyanogenMod mobile operating system.
E-commerce giant Amazon may have quietly bought Silicon Valley-based mobile payments startup Gopago for an undisclosed amount for a new "ambitious" project, according to Italian newspapers.
Santa Clara, California-based stealth micro-LED technology firm LuxVue Technology Corp has raised $25.2 million in funding, according to a filing with the Securities and Exchange Commission.
Search giant Google is said to be thinking about designing its own server processor, a move seen as a likely threat to the market dominance of Intel Corp, Bloomberg reported.
