At WWDC, Apple announced that it is integrating Shazam into Siri as part of the iOS 8 launch. Now Shazam has launched a new Mac app.
Nokia has acquired a stake in Panasonic’s network business to increase its presence in Japan. Nokia said it will buy Panasonic’s mobile phone wireless base station system business for operators and the wireless equipment system business. The terms of the deal were undisclosed and it is expected to close in early 2015.
Oracle Corporation (NYSE:ORCL) has acquired TOA Technologies, a software company that focuses on field services. TOA’s software enables companies to monitor the flow of field service requests and schedule service appointments. The terms of the deal were undisclosed.
International Business Machines Corp. (NYSE:IBM) has purchased a Rome-based cyber security company called CrossIdeas. IBM is planning to use CrossIdeas to further develop security offerings and enhance its enterprise data management division.
Tesla Motors Inc (NASDAQ:TSLA) has confirmed that it has broken ground in Reno as a potential site for the Gigafactory, which is a facility where the company will double the world’s volume of lithium ion batteries by 2020. Tesla Motors and Panasonic confirmed that they will work together on setting up the facility.
Tesla Motors Inc (NASDAQ:TSLA) has reported its Q2 financials today. Tesla reported adjusted earnings of $0.11 per share, which beats Bloomberg’s consensus for earnings of $0.04 per share and a loss of $0.26 a year ago. Tesla’s revenue hit $857.5 million compared to a consensus estimate for $813 million. Tesla Motors reported a loss of $62 million on a GAAP basis.
Reality show star Kim Kardashian has a mobile game based off of her lifestyle called Kim Kardashian: Hollywood. Glu Mobile, the developer behind the game, reported that the game made $1.6 million in the first five days. The game is the fifth highest-grossing game on the Apple App Store. Tens of millions of people have downloaded the game. Analysts are expecting the game to hit $200 million in annual revenue.