Tesco to launch own brand smartphone
Tuesday 06 May 2014
Tesco is seeking to replicate the success of its budget tablet, Hudl, by launching its own Android smarthphone before the end of the year.
Tesco boss Philip Clarke said the phone will be comparable with the Samsung Galaxy S5 and announced a second version of Hudl will be released later in September.
But the announcement was met with scepticism by a leading analyst who accused Tesco of creating a “sideshow” to divert attention from its plunging profits.
Shore Capital analyst Clive Black said: “Tesco is clearly taking the digital world seriously but such developments appear something of a sideshow from the implosion of its market share. It could introduce Hudl95 and it will not make a bit of difference to its market share or basket size.”
Rival Sainsbury’s will post its full-year results tomorrow. Chief executive Justin King is expected to address the supermarket price war kick-started by the rise of Aldi and Lidl in his swansong.
- 1 Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Driving while dehydrated can be just as dangerous as drink driving, study suggests
- 4 Ben Affleck asked TV chiefs to hide slave-owning ancestry, new hacked Sony emails published by Wikileaks claim
- 5 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Professional big game hunter Ian Gibson crushed to death by elephant during hunt
Ben Affleck asked TV chiefs to hide slave-owning ancestry, new hacked Sony emails published by Wikileaks claim
Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...