Weekend Wrap-up: Satya Nadella is Microsoft's New CEO; Samsung Has An Event Planned for Feb. 24
Been under a rock this past week? We’re here to get you up to speed. Watch our Wrap-up video or scroll down to read about the biggest stories from the past week in tech.
Microsoft Names Satya Nadella as its New CEO
Microsoft has led a very public CEO search for the past half year, and that search finally came to an end this past week. The company named Satya Nadella as its new CEO, allowing the company to now move forward with its plan to reinvent itself as a devices and services company. Nadella is the former executive VP of the company’s Cloud & Enterprise division, and that background will likely factor in as Microsoft looks toward the future. Another interesting note: with the naming of Nadella as CEO, former CEO and Chairman Bill Gates will also become more involved at the company.
Samsung ‘Unpacked 5’ Event Scheduled for Feb. 24
Samsung is going to be putting on an event at Mobile World Congress, which takes place in Barcelona, Spain. We’re pretty darn sure we know what’s going to show up at that event — the “5” in the name “Unpacked 5” may be a hint — and it’ll be interesting to see how Samsung can further distinguish its flagship Galaxy smartphone from the iPhone. We won’t be heading to Barcelona, but we will have boots on the ground at the simulcast event in NYC, so tune in on Feb. 24 as we report live on Samsung’s event.
Twitter Beats Earnings Estimates in First Quarterly Earnings Report
Twitter went public just three short months ago, and this past week saw the company put out its very first earnings report. That report actually brought some good news for the social networking site, which beat earnings estimates by raking in $665 million in revenue. Unfortunately, the company still reported a net loss of $645 million for 2013. It’ll be interesting to see if Twitter can minimize its losses and continue growing both its user base and its revenue over the next few quarters.
Sony Will Sell Off its PC Business
We’ve heard some mumblings about this, and this past week, Sony itself confirmed the news: the company will be selling off its PC business to instead focus on high-end televisions and smartphones. Sony will sell the business to a company called Japan Industrial Partners, and it appears Sony’s popular VAIO line of PCs will stay alive, albeit with some changes once the brand is owned by JIP. It’s always sad to see a longtime player leave a certain market, and there’s no exception for Sony here. Sometimes, though, a decision like this one is best for the business in the long term.
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