Amazon will release a (RED)-branded Echo to raise money for the global fight against AIDS. The limited-edition version is expected to be available Dec. 6, and the company will donate $10 of the purchase price, $99.99, to the Global Fund for every device bought.
The release of the iPhone X and iPhone 8 led to Apple gaining 72% of smartphone profits in the third quarter, per data from Canaccord Genuity. The company also noted that Apple is doing well globally and should see 635 million installed devices by 2017's end.
Ahold Delhaize will postpone plans to open its small-format Bfresh stores in Philadelphia and other national markets, and it will close its Everything Fresh store, which was a model for the Bfresh banner, the company said Monday. The retailer will move forward with plans to open stores in the locations slated for Bfresh's expansion, but the concepts for those locations will be re-evaluated.
Amazon is on track to command up to half of retail sales this holiday season, according to Morgan Stanley, giving the e-commerce giant the power to determine success or failure for products and brands. Amazon also has access to startup brands, allowing it to be the exclusive seller of some new products.
Online grocer Movebutter launched earlier this year with the goal of delivering its members a curated selection of high-quality groceries while cutting out many of the inefficiencies associated with traditional food retail models. The retailer is one of several companies innovating in the grocery industry, a list that also includes Brandless, which sells every item for $3, and Thrive Market, which offers socially-responsible products.
Mesh networking can centralize internet of things devices in smart homes and make them easier to manage, per Qualcomm's Connectivity Business unit lead, Rahul Patel. Carrier-class mesh networking could resolve connection issues, and Patel urges internet service providers to consider mesh networking, saying, "If you don't move fast, you lose out on the home becoming a cloud providers' and have no control over what happens in the home."
Cavium, a security chipmaker in San Jose, Calif., will be purchased by Marvell Technology Group for $6 billion. It's expected that the deal will close in 2018 and that Marvell will pay $40, along with 2.1757 Marvell common shares, for each share of Cavium stock.
Organic grocery delivery firm Doorganics will expand into the Detroit market next month, hoping to pick up market share in the area after the sudden closing of Door to Door Organics last week. The Michigan-based retailer had planned to wait until 2018 to expand, but decided to move into the market sooner when Door to Door Organics closed, CEO Mike Hughes said.
MAC Cosmetics observed the Transgender Day of Remembrance Monday with social media videos revolving around gender identity and trans people. "The beauty industry holds a large responsibility in giving all people, including the trans community, the opportunity to feel comfortable in their own skin," said MAC executive Nancy Mahon.
Consumer confidence is at a 17-year high with high employment, low gas prices and a still-soaring stock market, trends expected to fuel growth of up to 4% in holiday spending. Other data show that much of the growth will come from affluent households, with middle- and low-income consumers expected to pull back on gift purchases.