IBM Offloads Legacy Business to Focus on $1 Trillion Cloud Industry

Embattled tech relic IBM (NYSE:IBM) has made many attempts to right its flagging business over the years, thus far to no avail. However, in spring 2020, CEO Arvind Krishna — former Senior Vice President of IBM’s cloud and cognitive software segment and a key player in the 2019 acquisition of Red Hat — took the reins of the company. Year-to-date results have again been lackluster, even as cloud computing has become more important than ever before during the pandemic. True to his roots, though, Krishna recently announced IBM will spin off its managed infrastructure services unit into a separate business to focus solely on the cloud.

Someone holding a tablet. Illustrated charts and data are drawn over the screen.

Image source: Getty Images.

Freeing Red Hat from dead weight

During the 2020 second quarter, IBM’s total revenue fell 5.4% year over year to $18.1 billion. Masking cloud computing segment strength — including a 17% increase in Red Hat sales and a total cloud segment advance of 30% overall to $6.3 billion — was an 8% decline in its global technology services segment to $6.32 billion.  

The culprit was the managed infrastructure business, which is now suffering as legacy IT spending takes a hit this year because of COVID-19. By spinning it off into its own business, Krishna’s plan is to whittle IBM down to a cloud-focused enterprise — one that better reflects the company’s original vision when it took over open source cloud application developer and manager Red Hat last year. The spun-off business will initially have a market cap of some $19 billion. IBM expects to complete the divesture by the end of the year. IBM as a whole currently has a market cap of $117 billion.

Besides being able to focus on the growing public and private cloud computing market (currently homing in on $1 trillion a year in global spending

TIO warns of hardship spike after NBN financial assistance winds up

More consumers are expected to experience hardship in paying their National Broadband Network (NBN) bills as Australia’s telcos look to eventually turn off the tap for financial support, a Telecommunications Industry Ombudsman (TIO) representative told a Senate committee on Friday.

Standing before the Joint Standing Committee on the National Broadband Network on Friday, TIO Judi Jones said the financial support given by government and industry had stalled any potential uptick of complaints that the agency expected from consumers.

“We’ve waited to see an increase in complaints about hardship and problems paying a bill — we think that will come, but by the end of the year it wasn’t showing up as a particular issue. It was starting to rise but it actually dropped off as an important issue in the pandemic because of financial support,” Jones said.

“We are anticipating, as government and providers wind back support measures, we’ll see more hardship issues for residential and small business consumers,” Jones said. 

She noted, however, that there has been a 1,500% increase of consumer complaints during the most recent quarter in the category of being unable to contact internet providers when experiencing connection issues.

The latest report by the TIO, released in July, had revealed there was a direct correlation between the coronavirus pandemic, and the complaints it received between March and June 2020. 

The TIO’s systemic investigation report uncovered that there was an increase in complaints from mid-March by consumers about not being able to contact their providers. By early April, the average number of daily complaints by consumers being unable to reach their providers peaked at 130.

“What we did see in their complaints that came to us was the impact was more important for consumers, so not having a working internet service impacted not just watching Netflix in

The Piano Market will Showcase Negative Impact during 2020-2024 | Demand of Hybrid Pianos to Boost the Market Growth

Technavio has been monitoring the piano market and it is poised to grow by $ 267.33 mn during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here:

Technavio has announced its latest market research report titled Global Piano Market 2020-2024 (Graphic: Business Wire)

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The market is highly fragmented, and the degree of fragmentation will accelerate during the forecast period. CASIO COMPUTER CO. LTD.; FAZIOLI PIANOFORTI SPA; Gibson Brands Inc.; Grotrian, Helfferich, Schulz, Th. Steinweg Nachf. GmbH; Korg Inc.; Mason & Hamlin Piano Co.; PETROF Spol s.r.o.; Roland Corp.; Steingraeber & Söhne KG; and Yamaha Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Demand of hybrid pianos has been instrumental in driving the growth of the market.

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‘We absolutely will end up on iOS’

Phil Spencer holding a sign: Phil Spencer, head of Microsoft's gaming division. Kevork Djansezian/Getty Images

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Phil Spencer, head of Microsoft’s gaming division. Kevork Djansezian/Getty Images

  • Microsoft last month officially added a key feature to Game Pass, its Netflix-style subscription library of Xbox games: The ability to stream many of the included games to any Android smartphone or tablet.
  • Notably, Apple’s iPhone and iPad were absent from the launch. Apple has said it doesn’t allow apps for streaming services such as Game Pass or Google’s Stadia because it’s unable to review each game on the platform.
  • “We absolutely will end up on iOS with Game Pass,” Microsoft gaming boss Phil Spencer told employees. The company is targeting 2021 for the potential release of a “direct browser-based solution,” Spencer said.
  • Amazon says that it’s able to bring its forthcoming cloud gaming service Luna to iPhone by offering it as a web app.
  • Microsoft did not comment at the time of publication.
  • Are you a Microsoft employee? Contact this reporter via the encrypted messaging app Signal (+1-425-344-8242) or email ([email protected]).
  • Visit Business Insider’s homepage for more stories.

Microsoft’s gaming boss Phil Spencer told employees at an all-hands meeting on Wednesday the company is planning to bring Game Pass to Apple’s iPhone and iPad, targeting 2021 for the potential release of a “direct browser-based solution,” Business Insider has learned.


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“We absolutely will end up on iOS,” Spencer told employees, according to two people with direct knowledge of his comments. Microsoft did not comment at the time of publication. Apple has not yet responded to a request for comment.

Microsoft last month added a key new feature to Game Pass, its Netflix-style subscription service that gives Xbox and PC gamers access to a vast catalogue of games. Now, Game Pass subscribers can stream many of the included titles directly to their

A crazy-good budget gaming smartphone that will also appeal to regular buyers

a hand holding a cellphone: Poco X3 review: A crazy-good budget gaming smartphone that will also appeal to regular buyers

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Poco X3 review: A crazy-good budget gaming smartphone that will also appeal to regular buyers

Even if you aren’t familiar with the Poco X2, you must have come across it in buying guides, or in many of our reviews. This is because it offers plenty of hardware for your buck, making it good value for money.

At Rs 17,499, the Poco X2 is a proper budget gaming smartphone. It focussed on delivering just one thing — performance. And this made it more of a gaming smartphone than anything else.

With the Poco X3, things have been improved. I received the 8GB RAM + 128 GB storage variant in the ‘Shadow Black’ finish of the Poco X3 for review. And after using it for more than a week, it’s easy to conclude that it still is an excellent budget gaming smartphone.

But thanks to the improvements with the battery, speakers and build quality, it now also appeals to regular budget smartphone buyers who may not be interested in gaming with it.

graphical user interface, application: Image: Sheldon Pinto

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Image: Sheldon Pinto

What makes it an excellent gaming smartphone?

Gorgeous 120Hz display

Considering that this is a budget smartphone, the 6.67-inch FHD+ hole-punch display is really impressive. The whitepoint is as good as it gets, and the colours are way better than what you get on most smartphone displays in this price range. The reds look, well, red and orange… like orange should. It’s also quite bright and can tackle a sunny day quite nicely.

The IPS LCD display also features a 120 Hz refresh rate. This translates to a smoother, fluid smartphone experience. And it’s not just evident when gaming, but more in day-to-day use when interacting with the MIUI software.

graphical user interface: Image: Sheldon Pinto

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Image: Sheldon Pinto