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Korean Smartphone Makers Urged to Focus on Premium Models

Korean Smartphone Makers Urged to Focus on Premium Models

SEOUL, Aug. 18 (Korea Bizwire) – Korean smartphone makers floundering between Apple and Xiaomi need to reinforce their premium phone line ups rather than pushing low-end phones, a report has recommended. According to a report released by the KT Economic Management Research Institute on August 18, titled “Strategies to Make Premium Smartphones,” Korean smartphone makers like Samsung [...]

Samsung a Third-Wheel in the IoT Business?

Samsung a Third-Wheel in the IoT Business?

SEOUL, Aug. 10 (Korea Bizwire) – Industry watchers are suggesting that Samsung Electronics might find itself stuck between the US and China in the home Internet of Things (IoT) business. A report issued by the KT economic research laboratory predicted that Apple and Google will dominate the platform, and Chinese companies will be a conspicuous entity in [...]

Samsung Smartphones Have a Hard Time in China

Samsung Smartphones Have a Hard Time in China

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 [...]

Xiaomi Taking Over Korean Electronics Market

Xiaomi Taking Over Korean Electronics Market

Seoul, July 22 (Korea Bizwire) – Xiaomi (小米), a Chinese electronics company, is growing into a giant in the Korean market despite its humble name, which means ‘millet‘. With positive evaluations that their products perform well despite cheap prices, Xiaomi is dominating the online market as well as offline retailers such as HiMart. In addition, due [...]

Samsung Electronics Gears Up to Keep Mobile Grip After Weakest Profit in 3 Years

SEOUL, Jan. 29 (Korea Bizwire) — Samsung Electronics Co. set out to reclaim its edge in the handset business that on Thursday revealed its weakest annual earnings in three years for the world’s top smartphone maker, as competition is expected to get fiercer with global rivals in both the high- and low-end markets. The tech [...]

Samsung Electronics Enters Emergency Mode after Posting Disappointing 2Q Results

Samsung Electronics Enters Emergency Mode after Posting Disappointing 2Q Results

SEOUL, Aug. 1 (Korea Bizwire) — Samsung Electronics has entered an “emergency mode,” following the mediocre sales performance of the Galaxy. Some within the company are talking about the possibility of a downsizing or a major reshuffling. In a leader-less situation, Samsung’s state of panic is getting more serious. As expected, the second-quarter financial results released on July [...]