Samsung brewing leadership changes after smartphone slump November 24, 2014 Changes may be coming in the upper tiers of Samsung Electronics’ leadership, after the tech industry giant and creators of the Galaxy smartphone suffered a particularly difficult year of declining profits, stock price and market share. According to one possible scenario, the company’s current head of mobile and one of three co-chief executives, Shin Jong-kyun, [...]
Fitbug share price hits record high after gaining Samsung deal for Kiqplan November 14, 2014 Fitbug shares hit a record high today after news of a deal with Samsung to feature one of its products on the smartphone-maker's digital health platform, Shares in the the Aim listed fitness technology company rocketed as high as 8.78 pence per share this morning, surpassing its previous high of eight pence per share in October [...]
Samsung share price up but electronics firm seeks change in tactics as profits drop October 30, 2014 Samsung Electronics, the world’s largest electronics manufacturer by sales, posted disappointing third-quarter results yesterday showing profits down 60.1 per cent to 4.1 trillion won (£2.4bn) in the three months to the end of September. The South Korean firm, whose share of the smartphone market declined for the third straight quarter, said it planned to focus [...]
Samsung profits fall 60 per cent as it moves its smartphones downmarket October 30, 2014 Samsung, the world's largest electronics manufacturer by sales, posted disappointing third-quarter figures showing profits fell 60.1 per cent to 4.1tn won (£2.4bn) in the three months to the end of September. The company, whose share of the smartphone market declined for the third straight quarter, announced plans to focus on the lower end of the [...]
UK smartphone sector saturated says Samsung October 23, 2014 Samsung’s UK president says a recent slowdown in smartphone sales is a sign that the market is saturated, and believes now is the time for the South Korean giant to double down on quality to continue its growth in a mature market. The comments come ahead of a forecasted 60 per cent fall in quarterly [...]
Samsung picks British startup Bango for billing October 22, 2014 CAMBRIDGE-based carrier billings startup Bango has signed a deal with Samsung to preload its software on the South Korean tech giant’s smartphones, letting consumers charge games, music and videos directly from their mobile phone bills. Shares in the Aim-listed company jumped 5.76 per cent on the news to 101p in London, valuing Bango at over [...]
Samsung develops new wi-fi tech five times faster than speeds currently available October 13, 2014 In an increasingly competitive smartphone market, could ultra-fast wi-fi speed hand Samsung the edge over its rivals? The South Korean company says it has developed wi-fi technology capable of sending data five times faster than the maximum speeds currently available. Existing technology, which allows for 108MB per second of data transmission on wi-fi, [...]
Samsung share price up despite profits at three-year low October 7, 2014 Samsung has warned that its quarterly profit for the three months to September was at a three-year low, resulting in the electronics giant's first annual fall since 2011. Ahead of the release of its full financial results later this month, the South Korean company said its operating profit during the period declined by 60 [...]
Forget the Galaxy S5 and smartwatches, this is why Samsung is betting £10bn on the chips inside mobile devices October 6, 2014 Samsung is making its biggest bet yet on the chip making side of its business with plans to spend £9.7bn on a new factory to increase production of semiconductors. The Korean giant is investing in the tech behind the tech, rather than its more well known mobile hardware business which makes the flagship Galaxy devices, [...]
Microsoft insists Samsung owes it $6.9m in unpaid interest October 5, 2014 Microsoft is suing Samsung for $6.9m (£4.33m) in unpaid interest, an unsealed lawsuit has revealed. In August Microsoft announced it was suing the South Korean firm in a dispute over unpaid interest on Android patent royalties. The lawsuit, now made public by a New York federal court, reveals that although Microsoft has already [...]