Tag: razor

  • Motorola to return to the premium flagship market with a 5G phone

    Motorola to return to the premium flagship market with a 5G phone

    Heading into 2009, it seemed that iOS and the iPhone were on an unstoppable path to the top of the smartphone world. But then on January 8th of that year, a new phone was unveiled that was aimed directly at the iPhone. It featured a new operating system and a slide-out QWERTY keyboard. But somehow, the Palm Pre never caught on with consumers. Instead, that November, the iPhone finally met its match with the Motorola DROID. The first phone to carry Android 2.0, the DROID became a huge hit and Android now reportedly has 85% of the global market.

    Motorola continued to build flagship models, including the popular DROID X with its massive 4.3-inch display (for 2010, anyway). But Motorola soon lost the early leadership of the Android market. Despite developing the modular Moto Mods and the ShatterSheld display on 2016’s Moto Z Force, by 2018 the Moto Z line no longer included a flagship model and Motorola was making its bread from the low-end budget-priced models it was selling. The company is now the fourth-largest smartphone manufacturer in the U.S., turning a profit and is beginning to feel its oats. The new mid-range Motorola One phones offer some interesting camera specs including the Ultra-wide camera on the Moto One Action that records video in portrait for viewing in landscape.

    Motorola is so confident that it plans on returning to the premium flagship market again. Motorola’s global marketing chief Francoise LaFlamme says that the company is going to offer a 5G phone, but it won’t be sold at budget prices. As the executive points out, “If you put out a $399 5G phone, you’re going to have to sacrifice a lot of the elements that people value,” LaFlamme says. Right now, the Moto Z4 and Moto Z3 can support 5G but both require the purchase of a 5G Moto Mod. At Verizon, you can buy the former for 24 monthly payments of $10 if you add a new line; otherwise, the handset will cost you $500. Toss in another $350 for the 5G Moto Mod and you’re up to $850. You can buy the 5G upgradeable Moto Z3 instead of the Moto Z4 for $480, but that works out to a small $20 savings. With this in mind, we could see Motorola offer a 5G premium flagship in the range of $800-$900. That certainly would be very competitive compared to the $1,300 that the Samsung Galaxy S10 5G and Galaxy Note 10+ 5G cost. It would also be a challenger to the $1,000 LG V50 ThinQ 5G and $840 OnePlus 7 Pro 5G offered by Sprint.

    Of course, the Motorola phone that everyone in the states is looking forward to this year is the rumored foldable Motorola RAZR. One of the most popular phones in the pre-smartphone era, the Motorola RAZR was the clamshell feature phone that everyone had to have. Sometime this year we could see a smartphone version of the RAZR driven by Android. Instead of turning from a smartphone into a tablet, the RAZR will open from a pocketable device into a tall and thin 6.2-inch or 6.5-inch smartphone with an aspect ratio of 22:9.

    Motorola is making a shrewd move by capitalizing on the warm and fuzzy nostalgic feelings brought on by the original RAZR. And if production is limited to 200,000 units as rumored, Motorola is almost guaranteeing that the device will be sold out. Pricing of the new RAZR is expected to be in the neighborhood of $1,500.

  • Ex-Nissan Chief Ghosn Rearrested In Tokyo

    Ex-Nissan Chief Ghosn Rearrested In Tokyo

    Former Nissan chief Carlos Ghosn was rearrested early Thursday in Tokyo on fresh financial misconduct allegations, with the auto tycoon slamming his detention as “outrageous and arbitrary”.

    Authorities arrested the 65-year-old less than a month after he was dramatically freed on bail following more than 100 days in detention. Local media said prosecutors had entered Ghosn’s temporary accommodation in central Tokyo early Thursday morning and that he left with them by car shortly afterwards.

    An AFP reporter outside the home saw three men in dark suits guarding the entrance to the building’s car park and a police officer patrolling, as dozens of journalists gathered. Ghosn issued a statement through his representatives after the arrest calling it as “outrageous and arbitrary”.

    “It is part of another attempt by some individuals at Nissan to silence me by misleading the prosecutors. Why arrest me except to try to break me? I will not be broken,” he said, insisting that he is innocent of the claims against him. Reports emerged Wednesday that prosecutors were weighing rearresting Ghosn as they investigate claims related to at least $32 million in Nissan funds transferred to a distributor in Oman.

    According to a source familiar with the matter, some of this money is believed to have been used to buy a luxury boat for Ghosn and his family. The former high-flying executive already faces three charges of financial misconduct related to allegations he under-reported his compensation and sought to transfer losses to Nissan’s books.

    He has denied any wrongdoing and took to Twitter for the first time Wednesday, using a newly created account that his spokespeople confirmed was authentic, to announce plans for a press conference.

    “I’m getting ready to tell the truth about what’s happening. Press conference on Thursday, April 11,” said the tweet, sent in English and then Japanese.

    The ‘Razor’

    Ghosn currently faces two separate charges of deferring his salary to the tune of nine billion yen ($81 million) and not revealing this in official documents to shareholders. The Brazil-born auto sector pioneer, widely credited with saving Nissan from the brink of bankruptcy, also faces a charge of seeking to shift personal investment losses onto Nissan’s books and then using company funds to pay a Saudi associate who stumped up collateral for him.

    The case has been a rollercoaster ride of unexpected twists and turns from the moment Ghosn was first arrested at a Tokyo airport out of the blue on November 19.

    He has since been re-arrested on multiple occasions over a series of allegations, employed a little-used article of Japanese law to force a day in court and emerged on bail dressed in a workman’s uniform and cap in a bizarre attempt to avoid the media.

    Since his release on bail on March 6, he has kept scrupulously quiet despite daily attempts by local and international media to interview him. His lawyer Junichiro Hironaka, known as the “razor” for his mental sharpness, has done the talking for him, appearing twice in front of the foreign media to plead his client’s innocence.

    In his latest appearance on Tuesday, Hironaka announced he had filed a petition with the Tokyo District Court so that Ghosn’s case would be heard separately from that of Nissan and his former right-hand man Greg Kelly. Nissan has been indicted alongside Ghosn, as they filed the shareholders’ documents that allegedly mis-stated the then chairman’s income.

    Hironaka said this would not be a fair trial as Nissan has effectively sided with the prosecutors by providing them with documents they say show further malpractice.

    – ‘Trap’, ‘plot’ –

    Under Ghosn’s management, Nissan recovered and formed a three-way alliance with Renault and Mitsubishi Motors that has become one of the world’s top-selling auto groups.

    In an interview with AFP from his detention centre in January, Ghosn denounced a “trap” and a “plot” by Nissan prompted by opposition to his plans to bring the companies closer together.

    He was removed as chairman by Nissan and Mitsubishi Motors almost immediately after his arrest. Renault was slower to react but Ghosn eventually himself resigned from the head of the French firm.

    Ghosn’s arrest and a string of alleged financial misconduct has sparked questions over Nissan’s own corporate governance and the company established an independent body to propose changes to prevent a recurrence.

    The advisory group suggested doing away with the vacant role of chairman and laid the blame for the lapse in governance at the feet of Ghosn.

    The main cause of the misconduct was “the concentration of authority in Ghosn”, the group concluded.

    “He created a situation in which it would be difficult to detect his pursuit of personal gain.”

  • Razer aims to take over MOL

    Razer aims to take over MOL

    Gaming company Razer aims to take over Southeast Asian virtual gaming credits and e-payment platform MOL Global at a valuation of US$100 million.

    Razer already holds a nearly 35 per cent stake in the platform.

    Razer co-founder/chief Tan Min-Liang says the acquisition will enable Razer to take over one of Southeast Asia’s largest e-payment networks, deepen its presence in the “under-served” region, and create one of the world’s largest virtual-credit platforms for gamers.

    In August, Tan took up Singapore Prime Minister Lee Hsien Loong’s Twitter challenge for an e-payment proposal to turn the state into a cashless society. The following month, Razer proposed to develop and deploy an e-payment system, RazerPay, for which it would commit S$10 million in seed funding.

    Tan this week said the system would also enable cashless capabilities in Southeast Asia as well. It would be complementary and accretive to Razer’s gaming business.

    Razer, which is dual-headquartered in Singapore and San Francisco and listed on the Hong Kong Stock Exchange, says it will pay about US$61 million to acquire 65.1 per cent of MOL’s issued share capital.

    The acquisition will be by way of a statutory merger, upon which MOL will become a wholly owned subsidiary of Razer.