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Massive Popularity of iPhone 11 Pushes Mobile Carriers to Clear Out LTE Phones from Samsung, LG

Massive Popularity of iPhone 11 Pushes Mobile Carriers to Clear Out LTE Phones from Samsung, LG

SEOUL, Nov. 7 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. are lowering the price of LTE flagship smartphones released this year while offering higher subsidies to empty out remaining stocks. South Korean telecom giant KT Corp. raised the official subsidy for the LG G8 ThinQ to a maximum of 655,000 won (US$564) [...]

Samsung to Overhaul Marketing Strategy for Tokyo Olympics

Samsung to Overhaul Marketing Strategy for Tokyo Olympics

SEOUL, Oct. 21 (Korea Bizwire) — Samsung Electronics Co., an official sponsor for the 2020 Tokyo Olympics, has decided to overhaul its marketing strategy for the upcoming Olympic Games amid a prolonged dispute between South Korea and Japan. Samsung reportedly plans to remove the company name from all advertisements for the Olympics, and replace it [...]

Samsung Electronics’ Q3 Earnings More than Halve, Beat Market Consensus

Samsung Electronics’ Q3 Earnings More than Halve, Beat Market Consensus

SEOUL, Oct. 8 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its operating earnings plunged 56 percent in the third quarter from a year earlier, mainly hit by continuing falls in global chip prices, but its performance was better than the market had expected. The operating profit was estimated at 7.7 trillion won (US$6.4 billion) [...]

Samsung Heir Visits India to Discuss Mobile Business

Samsung Heir Visits India to Discuss Mobile Business

SEOUL, Oct. 7 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong is visiting India to check the world’s largest smartphone maker’s businesses there, industry sources said Monday, raising speculations that the South Korean tech giant may make further investment to expand its presence in the world’s second-largest smartphone market. Lee arrived in India on [...]