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Samsung’s Mobile Biz to Benefit from Anti-China Sentiment in India

Samsung’s Mobile Biz to Benefit from Anti-China Sentiment in India

SEOUL, July 11 (Korea BIzwire) — Samsung Electronics Co. is expected to increase its presence in the Indian smartphone market on growing anti-China sentiment in the South Asian nation, analysts here said Saturday. Sinophobia is growing in India with a public boycott of Chinese-made goods following the deaths of 20 Indian soldiers in last month’s [...]

Samsung, LG Release New Soundbars

Samsung, LG Release New Soundbars

SEOUL, July 8 (Korea Bizwire) — South Korea’s two major electronics firms on Wednesday released their new soundbar products as they aim to expand their presences in the home audio market. Samsung Electronics Co. announced the global launch of its two new premium soundbars, the HW-Q950T and the HW-Q900T, which completes its full 2020 Q-series [...]

LG Electronics Delivers Estimate-beating Q2 Earnings amid Pandemic

LG Electronics Delivers Estimate-beating Q2 Earnings amid Pandemic

SEOUL, July 7 (Korea Bizwire) – LG Electronics Inc. on Tuesday delivered market estimate-beating second-quarter earnings as its home appliance business apparently performed better than expected amid the novel coronavirus pandemic. In its earnings guidance, South Korea’s No. 2 electronics firm estimated its operating profit to be 493.1 billion won (US$412 million) for the April-June [...]

Samsung Q2 Earnings Beat Estimate on Chip Biz, One-time Gains

Samsung Q2 Earnings Beat Estimate on Chip Biz, One-time Gains

SEOUL, July 7 (Korea Bizwire) – Samsung Electronics Co. on Tuesday expected a stronger than expected second-quarter performance as solid demand for server chips appeared to offset a slump in smartphone sales amid the novel coronavirus pandemic, while one-time gains in the display business also helped push up its bottom line. In its earnings guidance, [...]