SEOUL, July 30 (Korea Bizwire) — Samsung Electronics reported a near 8 percent drop in second-quarter net profit Thursday as its smartphone business continued to suffer in the face of stiff competition from Chinese rivals. Net income came to 5.75 trillion won (US$4.95 billion) in the April-June period, 7.97 percent down from 6.25 trillion won a [...]
SEOUL, July 29 (Korea Bizwire) – Samsung Electronics, the world’s largest TV maker, sold more than 1,500 units of its premium SUHD TV per week in July, tripling its sales over the previous month. Samsung officials said that the SUHD TV sales increase came after it launched a series of relatively low-cost models called JS7200 earlier [...]
SEOUL, July 29 (Korea Bizwire) – The share of Samsung Electronics dropped to a one digit number, ranking fifth in the Chinese smartphone market. The Chinese brands Xiaomi and Huawei ranked first and second, with Apple coming in next. According to the Chinese branch of IHS Technology, a market research institution, the market share of Samsung Electronics decreased to 9 [...]
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 29 (Korea Bizwire) – South Korea’s top tech giant, Samsung Electronics, said Wednesday it has started the mass production of what it claims are the industry’s smallest image sensors that boast high-end performance. The company said the new 16-megapixel image sensors for smartphones are based on 1-micrometer-pixel technology, which compares to the previous sensors [...]
SEOUL, July 28 (Korea Bizwire) — South Korea’s top tech giant Samsung Electronics said Tuesday it has commenced sales of its second flip-style smartphone in line with its struggles to diversify its handset portfolio amid ailing sales. The Galaxy Folder, which boasts a 3.8-inch display, will come in two editions that run on the third-generation and [...]
SEOUL, July 28 (Korea Bizwire) – South Korea’s top tech giant Samsung Electronics on Tuesday sent out invitations for what is expected to be an unveiling event of its next flagship phablet, presumably the Galaxy Note 5, on Aug. 13 in New York. The invitation from the South Korea-based top smartphone maker has a picture of [...]
Seoul, July 23 (Korea Bizwire) – Samsung Electronics announced that they would be providing their 103 semiconductor partners with incentives worth a total of 14.2 billion won for the first half of the year. This is the largest incentive to be offered in the first half of the year, both in the number of target companies and [...]
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, July 21 (Korea Bizwire) – The Suwon Regional Prosecutors’ Office announced that it had detained two industrial spies, who tried to send parts from a Samsung Electronics’ refrigerator to Chinese manufacturers. In addition, it indicted a former Samsung worker who delivered classified material related to investments in its refrigerator manufacturing facilities. The prosecutors’ office [...]