Kudos to Android founder Andy Rubin for stepping up and trying to take on Apple (AAPL) and Samsung. But come on, Twitter trolls, Andy Rubin's new titanium phone is unlikely to unseat either tech giant.
Samsung currently has the largest share of the smartphone market, with 21% of global sales, according to research outfit Gartner. Apple clocks in at 14%. As TheStreet's Michael Brown points out below in a piece looking at Rubin's comments at the Code Conference last night, Rubin may not be expecting a ton from this particular phone.
"Rubin was cagy about how many devices would need to be sold to be considered a success, notwithstanding repeated questions about the challenges of breaking the Apple/Samsung duopoly in smartphones. He said the company has raised tens of millions in venture funding to support the project.
Lovely phone indeed, but unlikely to disrupt the expected iPhone 8 supercycle. Keep in mind that most people are obsessed with the Apple ecosystem.
Read This Or Lose Out
Lots of cool tech stories here: TheStreet is rocking this morning with all sorts of fun stories that you should be tweeting about. Tech columnist Eric Jhonsa explores why Apple's (AAPL) chip-making abilities are a huge competitive advantage. Meanwhile, Lisa Botter over in TheStreet's UK bureau has a fine take on one business for Walmart (WMT) that is finally turning around. Our newest team member Breana Noble takes a look back at some big moments in Amazon's (AMZN) history in light of the stock breaking $1,000 a share on Tuesday.
What is the president doing: Forget lawyers taking over his Twitter account, it may be time for a former editor-in-chief to assume the role of editing Trump's tweets. President Trump tweeted something weird around midnight on Tuesday with an apparent typo. Obviously, Twitter trolls jumped all over this one. In turn, Trump deleted the tweet and made fun of himself on Wednesday morning.
Who can figure out the true meaning of "covfefe" ??? Enjoy!— Donald J. Trump (@realDonaldTrump) May 31, 2017
I thought it was French like c'est la vie or something�� Trump misspells press 'covfefe.' Twitter takes notice, �� https://t.co/BltotxmEYe— Tinaewhittaker (@TinaEWhittaker) May 31, 2017
Old school cop cars were a joke: Shout out to Jay Leno for reminding everyone how incredibly lame police cars used to be. Leno profiled a 1978 Chevy Nova police car on his latest installment of Jay Leno's Garage. Damn, General Motors (GM) , what were you thinking here?
Bet you missed this one; I sure did: Hat tip to Motor Authority for bringing this story to light. Super car maker Rolls-Royce at this past weekend's Concorso d'Eleganza Villa d'Este in Italy unveiled what is reportedly the most expensive car to build ever. Dubbed the Sweptail because of its dramatic rear styling, the car is rumored to have cost about $12.8 million to build.
Rolls-Royce 'Sweptail' £ 10,000,000 Follow: @217mph . . #217mph #Sweptail #rollsroyce #RRsweptail #car #cars #supercar #supercars #auto #automotive #blacklist #bike #bikes #automotive #motorsports #217mph #carinstagram #race #racing #amazing_cars #авто #dreamcar #benzliving #carporn #itswhitenoise #машина #amazingcars #avto_msk #carswithoutlimits #kingzwhips
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Meet the Millennial Media Moguls
Planning to be in New York on Tuesday, June 13? You're invited to join us for an evening of cocktails and conversation with three dynamic young CEOs whose companies have found big news audiences and good markets. How have they done it? What have they learned? Meet Chris Altchek, CEO and co-founder of Mic; Shafqat Islam, co-founder and CEO of NewsCred; and Kathryn Minshew, the CEO and co-founder of TheMuse. Our panel discussion will be led by Ken Doctor, media analyst and columnist for TheStreet. The event, from 6 to 8 p.m. is free, but space is limited and reservations are required. Please click here to RSVP and get more information.