Shares of Apple Inc (NASDAQ:AAPL), lost – 1.92% to $105.26.
Samsung Electronics shares fell over 4 percent after the South Korean electronics giant warned of a tough environment in 2016 amid weak global economic growth and raised competition in its key business units, according to CNBC
Co-chief executive Kwon Oh-Hyun told employees in the company’s annual New Year’s address that issues such as emerging market financial risks could weigh on global growth. He also said that some of Samsung’s core products – counting smartphones, televisions and memory chips – will face intensifying competition.
Kwon said that in order to make sure their customers stick with their products, the company needs to change from a focus on hardware to software.
“The territories of industries are collapsing,” Kwon said. “We have to compete in a new way that we’ve never practiced in the past.”
“The competition landscape is changing to software and platforms, so we need to build a new system and competence,” the CEO added.
Samsung has struggled in recent times with profitability and sales in its smartphone unit due to raised competition from cheaper Android handsets and Apple’s bigger-screen iPhone range. It has however stabilized and performance in the mobile division improved in the third quarter thanks to better shipments of the flagship Galaxy S6 Edge+ and S6+.
But as hardware becomes increasingly commoditized, both Apple and Samsung have looked at ways to keep their users stuck to their devices and services. Apple for example released its payment wallet Apple Pay, in addition to streaming service Apple Music in a bid to keep users glued to its products. Samsung has released its own wallet called Samsung Pay in response. CNBC Report
On the other latest news report, Ford says it will be making Apple CarPlay and Android Auto available to all Sync 3-equipped vehicles this year, according to Zdnet
Ford will be giving Sync 3 vehicle owners an update that will expand their infotainment system to run Apple CarPlay and Google’s Android Auto.
Sync 3 is the auto-maker’s BlackBerry QNX-based infotainment system that it declared late last year as the replacement for its ageing predecessor, dubbed MyFord Touch in the US, which recently gained Apple’s Siri Eyes Free support for iPhone owners.
However, Ford says Sync 3 is all about choice and as a result will soon support both Apple’s CarPlay and Google’s Android Auto, offering in-car connectivity regardless whether customers use an iPhone or Android handset, Ford declared at CES 2016 on Monday.
“Sync allows customers to bring the smartphone technology they’re comfortable with into a vehicle and use it without hassle,” Ford connected vehicle and services executive director Don Butler said in a statement.
“With Sync, we move at our customers’ pace, making it easy for them to maintain a connected lifestyle no matter their choice of smartphone, apps or services inside and outside their vehicle.”
Support for the Apple and Google in-vehicle interfaces will come in two phases. Ford said Apple CarPlay and Android Auto will be available on all 2017 vehicles equipped with Sync 3 that are sold in North America, while owners of 2016 vehicles with Sync 3 will gain the new features via an update later this year.
CarPlay and Android Auto essentially allow an owner’s smartphone to replace the vehicle’s main display, bringing across apps, messaging, maps and navigation powered by Apple or Google. The aim is to offer a familiar interface to drivers with additional voice controls to ensure they can stay connected and communicate with minimal distraction.
Ford also declared a new feature that will allow drivers to use their phone to remotely start, unlock doors, check fuel levels and locate a parked vehicle. This feature comes by way of Ford’s new 4G LTE powered Sync Connect system. Zdnet Report