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Google Rumored to Invest in LG Display
Google is reportedly investing KRW1 trillion ($876 million) in South Korea’s LG Display, according to Yonhap News Agency. The move would allow Google to implement OLED panels and a curved display in its Pixel smartphones. eMarketer estimates that there will be 2.4 billion smartphone users worldwide in 2017.
Fox’s Sky Buy Gets EU Green Light
EU regulators have approved the proposed acquisition of UK-based, pay TV operator Sky PLC by media conglomerate 21st Century Fox after reviewing the deal for potential competition conflicts. The £11.7 billion deal announced in December now needs approval at the local level by UK communications regulator Ofcom, which is expected to yea or nay the bid on May 16. Fox already owns 39.1% of Sky.
Pricy Drones Drive US Sales
The NPD Group reports that premium drones costing over $300 commanded US sales in the 12 months leading to February 2017. In January and February of this year, pricier drones led almost 85% of sales and roughly 40% of unit sales, according to NPD’s Retail Tracking Service. Gartner predicts consumer and commercial drone revenues will reach over $6 billion worldwide in 2017.
Fnac to Shut Streaming Service in Favor of Deezer
French entertainment and consumer electronics retailer Fnac will shutter its streaming music platform, Fnac Jukebox, in favor of a partnership with Paris-based streaming music service Deezer, according to Music Business Worldwide. The three-year deal will include in-store promotion of Deezer in Fnac’s more than 400 stores in the country.
Vietnam’s 4G Buildout Looks a Lot Like India’s
VietNamNet Bridge found some similarities, but also significant differences, in the widespread rollout of 4G services in Vietnam and India. The media outlet notes that mobile service provider VNPT-Vinaphone has focused on providing solid 4G service to a smaller area before attempting to take its new network nationwide. Meanwhile, rivals Viettel and MobiFone have used free promotions to attract new 4G users.
One in Five of Indonesia’s Smartphones Sold Illegally
According to a study from Indonesia’s Ministry of Industry and semiconductor manufacturer Qualcomm, 20% of smartphones in the country are sold illegally. The study found that many smartphones are reusing old identity numbers, known as an International Mobile Equipment Identity (IMEI) codes, to evade sales taxes. eMarketer estimates there will be 67.1 million smartphone users in Indonesia this year.
—Cliff Annicelli, Rahul Chadha, Rebecca Chadwick
Shifts in how retailers and consumer packaged goods (CPG) brands think about ecommerce, combined with an accelerating acceptance among consumers for buying food digitally, have boosted online sales of groceries. Retailers and brands are taking note of these changing consumer behaviors and offering more digital options for grocery shopping and delivery, which will continue to drive the trend upward in 2017 and beyond.
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