Chinese electronics firm LeEco is buying American TV manufacturer Vizio for $2 billion. The acquisition was announced during a press event this morning in Los Angeles, giving LeEco an instant foothold in the US television market. Under the deal, Vizio will be operated as an independent subsidiary, with the company's current executive team staying in place and working out of its offices in Southern California sans Vizio founder and CEO William Wang, who is leaving the company. No replacement has been named, but Wang will be taking the reins as chairman and CEO of Inscape, Vizio's data business, which is being spun out into a privately held company. LeEco will own 49 percent of Inscape, with Wang owning the remaining 51 percent. The LeEco deal is expected to close in the fourth quarter of this year.
In what seemed to be more of a eulogy than a press conference, Wang described the company's humble beginnings, and how it had fought through early challenges, parts shortages, and the global financial crisis as it slowly slugged its way to success. "We had to fight through competition from all over the world," he said, before lauding most of Vizio's senior leadership team one by one.
"I have mixed feelings," he admitted about the deal. "As the owner and father of Vizio, I am very reluctant to let it go. But as the CEO and owner of the company, I know this is the right decision to make for our hard-working employees and loyal shareholders."
Author : Saatvik Awasthi
The 850 EVO, first introduced in 2014, popped up for sale last week in a 4TB configuration at some online retailers with no official announcement from Samsung. A 4TB Samsung 850 EVO SSD can now be yours: for a cool $1,500. The other versions are 250GB, 500GB, 1TB, 2TB. There are few consumers for whom the drive's capacity and speed will offset its astronomical price, but if you are one of them, you can pre-order yours now and expect it to ship on July 31. Just make sure you're home for the delivery guy; Amazon understandably requires a signature.
There are larger SSDs, of course. Samsung claims that a 16TB model it began shipping in March is actually the world's highest-capacity SSD, though that one uses a 12Gb/s SAS interface designed for use in enterprise storage systems, not consumer desktops or portables.
Author : Saatvik Awasthi
As Nokia will return to the market in 2016 we have been seeing a lot of upcoming Nokia smartphones around. This time we want to show you the live images of Nokia C1, an Nokia Android smartphone that is inspired from an already released Nokia tablet. This Nokia C1, according to the news, will likely be Nokia’s new smartphone for 2016. And what makes it very appealing is that, the Nokia C1 will have a mid-range price tag.
Nokia is still having their secret well kept about the official Nokia C1 specs. However, from the leaks, we now know that the Nokia C1 display will sport a 5.5″ FHD Screen. As a mid-ranger, Nokia C1 will feature 4GB RAM and 16GB internal storage. The Nokia C1 camera is said to be an 20MP Pureview combined with a 8 MP selfie shooter, which reminds us of Nokia E1. Also, a 64-BIT Mediatek CPU is expected to keep the price low and the performance high.
A new wave of removable storage is coming: Samsung today unveiled the industry's first Universal Flash Storage (UFS) cards. UFS promises read speeds up to five times faster up to 530 megabytes per second and write speeds twice as swift.
Available in 32GB, 64GB, 128GB, and 256GB storage capacities, Samsung's UFS cards are aimed at high-resolution mobile shooting devices, like DSLRs, 3D virtual reality cameras, action cams, and drones. Samsung said its UFS cards can read a 5GB, full-HD movie in about 10 seconds, compared to 50 seconds on a typical UHS-1 microSD card with 95MB/s of sequential reading speed.
Author : Saatvik Awasthi
Source : Click Here
Contrary to earlier reports, a new leak suggests that Mi 5's successor, dubbed Mi 5s, will sport a full-HD 5.5-inch display instead of a 5.15-inch display like its predecessor.
Last month, leaks regarding the mobile phone suggested that it is scheduled to arrive in second half of the year and will pack 6GB of RAM.
All the other features that were leaked last month are in line with the new leaks. The smartphone is rumoured to be equipped with Force Touch screen, expected to work on similar lines with Apple's 3D touch. Some of the other rumoured features on the Xiaomi Mi 5s include Qualcomm's ultrasonic fingerprint sensor, and a dual rear camera setup.
Along with Xiaomi Mi 5s, the company is rumoured to be working on next-generation Mi Note smartphone which is expected to come in three models - standard, high, and top-end. According to the leaked details, the alleged "standard" variant will feature single rear camera setup, Hi-Fi chip, and will also support quick charging. The high variant of Mi Note 2 is rumoured to pack a dual camera setup at the back in addition to the standard version.
