SEOUL, July 30 (Korea Bizwire) – In the second quarter this year, Samsung Electronics led the front-loading washing machine market in the United States for the first time since its 2006 debut in the segment. According to TraQline, a market researcher, Samsung posted a 22.3 percent market share in the segment, beating out LG Electronics [...]
SEOUL, July 30 (Korea Bizwire) – The second quarter report from LG’s MC headquarters (in charge of smartphones) has been revealed. MC headquarters were said to be responsible for bringing down the stock price of LG Electronics. Cutting to the chase, it was a broke trade, where they sold a lot but didn’t get much [...]
SEJONG, July 30 (Korea Bizwire) — South Korea’s antitrust watchdog ordered six local iPhone repair companies Thursday to change their customer service rules that unfairly restrict the rights of users. UBase, Peach Valley, Beyond Tech and three other firms cited for unfair practices are all official repair companies authorized by tech giant Apple to service its [...]
SEOUL, July 29 (Korea Bizwire) – LG Electronics Inc., South Korea’s No. 2 tech giant, said Wednesday its second-quarter net profit tumbled 45 percent on-year due to lackluster sales of its flagship G4 smartphone and unfavorable currency rates. Net profit came to 226.4 billion won (US$195.7 million) in the April-June period, compared with 411.8 billion [...]
SEOUL, July 29 (Korea Bizwire) – South Korea’s mobile phone makers are breaking away from their premium-oriented smartphone lineups to churn out cheaper phones as consumers are more price-conscious due to tougher subsidy rules, industry watchers said Wednesday. Samsung Electronics recently rolled out its latest mid-end phone, the Galaxy A8, at an about 20 percent [...]
SEOUL, July 22 (Korea Bizwire) — South Korea’s top tech giant Samsung Electronics managed to maintain its presence in the global smartphone market in the second quarter, but its archrival Apple suffered a setback in the face of growing demand for low- to mid-end devices, data showed Wednesday. Samsung took up 26.8 percent of the [...]
SEOUL, Jul. 16 (Korea Bizwire) ― LG Electronics (LG) is partnering once again with YouTube’s hottest stars from around the world to highlight the best and most unique features of the LG G4 smartphone. Five YouTube celebrities and teams have accepted the challenge of creating videos to tell entertaining stories around the G4 this summer. So [...]
SEOUL, July 8 (Korea Bizwire) – Nearly 4 in 5 people in South Korea own a smartphone, making it the country with the fourth-highest smartphone penetration rate in the world, industry data showed Wednesday. Asia’s fourth-largest economy saw its smartphone penetration rate reach 83 percent as of end-March, according to the data compiled by Digieco, [...]
SEOUL, July 6 (Korea Bizwire) – As the OLED TV market is growing fast with almost 400,000 units expected to be sold this year, LG Electronics is leading the way with an overwhelming share of almost 90 percent. According to DisplaySearch data quoted by the Institute for Information and Communications Technology Promotion on July 5, the OLED [...]
SEOUL, Jul. 6 (Korea Bizwire) — LG Electronics has received more than 26,000 photographs taken by LG’s smartphones for the 3rd LG Mobile Photography Competition, in the one month since the release of the LG G4. The competition has been ongoing since 2013, and this year’s contest saw the number of entries triple from last [...]