Analysts believed that Apple's budget iPhone or iPhone Lite would threaten the company's bottom line.
Software & IT services
Apple outspent other tech titans by acquiring its own shares
Fortune's Philip Elmer-DeWitt said that Apple spent US$16 billion to buy 36 million of its own shares.
Samsung announces US$1 billion increase in investment
Samsung increased it investment by US$1 billion with the hope that it would compensate for the slumping smartphone growth.
Citi analysts say Apple CEO Tim Cook is wrong
Analysts from Citi released a report that in 2015, the smartphone saturation would transpire. On Thursday, analysts at Citi released a report regarding the saturation in the smartphone market.
Canon, Nikon blames smartphone boom for slowing camera sales
The camera-producer titans find it hard to sell its product due to the increasing demand for smartphones.
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University of Waterloo's VeloCity Venture Fund had awarded US$100,000 in funding across four venture firms.
Catbird and Medina Capital announced that the private equity firm had invested US$10 million into the Catbird.
Librato concludes Series A funding round with US$3.8 million. San Francisco-based Librato, which provides cloud-based monitoring services for operations and development units, reported a US$3.
IT company SevOne appoints high-profile CEO to help the firm become the "next great technology company."
Facebook faced two major mobile ad challenges. Undoubtedly, Facebook's mobile ad business has grown. Facebook ads are paid advertisements that are "relevant and interesting" to a user.
Security operations platform provider VidSys accumulated US $15.65 million in equity financing from existing investors.
A Chromecast forecast signalled more Netflix subscribers up ahead. Google recently announced its latest device, the Chromecast. The device basically allowed "TVs to become second screens to Google-powered devices" running the Chrome browser.
SolidFire raked in US $31 million in series C funding led by existing investor Samsung Ventures. It also launched its newest storage solution , claimed to be the fastest in the market.
Chromecast quickly sold out in a matter of hours after its announcement. Quickly after Google announced its new product, Chromecast, the company received a large volume of orders.
