Samsung’s chairman rushed to hospital following heart attack May 11, 2014 SAMSUNG Electronics’ chairman Lee Kun-hee, the man overseeing the flagship subsidiary of South Korea’s biggest company, was rushed to hospital on Saturday night after having a heart attack and yesterday underwent emergency surgery. Samsung Medical Centre, where Kun-hee is now recovering from the operation, yesterday said the 71-year-old had undergone surgery for a cardiac procedure [...]
Samsung’s smartphones sales slide on increasing competition April 29, 2014 SAMSUNG Electronics, the division of the South Korean tech superpower responsible for smartphones and household appliances, saw profits slip 3.3 per cent during the quarter to March as its margins were squeezed by competition to its Galaxy phones. Profit from Samsung’s mobile division was 6.43 trillion won (£3.71bn), down 1.2 per cent from 6.51 trillion [...]
Samsung smartphone division posts a second profit warning April 8, 2014 SAMSUNG Electronics, the subsidiary of Samsung behind its Galaxy smartphones, has warned of a four per cent drop in operating profit for the quarter to March, marking the second quarterly decline in a row. The South Korean firm said that sales for the quarter are expected to be 53 trillion won (£30.2bn), flat on last [...]
Samsung, Motorola and LG join Google’s smartwatch platform March 18, 2014 GOOGLE last night unveiled a version of its Android smartphone software designed specifically for smartwatches and wearables. Motorola, LG and Samsung are among the consumer hardware manufacturers that have signed up to use the new software which Google is calling Android Wear. LG’s G smartwatch running Android Wear is due to arrive next quarter with [...]
Samsung shuns Android with new smartwatch February 23, 2014 SAMSUNG has dropped the Android platform from its latest smartwatch, distancing itself further from its ties with Google. The Gear 2, unveiled by the South Korean electronics giant yesterday, will instead use Tizen, a new mobile platform designed by a number of technology firms including Intel, Huawei and Vodafone, in response to Google’s domination of [...]
Carphone set to run 60 Samsung stores in Europe January 29, 2014 SAMSUNG and Carphone Warehouse have signed an agreement for the high street retailer to convert 60 of its stores across Europe into dedicated Samsung stand-alone stores. Carphone Warehouse was one of the top risers on the London Stock Exchange yesterday on the news with shares rising 6.69 per cent to close at 287.2p a share. [...]
Google and Samsung sign up for a 10-year patent licensing deal January 26, 2014 Google and Samsung Electronics, which are frequently involved in patent infringement lawsuits but not against each other, yesterday announced they have reached a global patent cross-licensing agreement. The deal covers patents currently owned by the companies, as well as any filed in the next 10 years, the companies said in a release. Financial terms were [...]
Samsung sells stake in UK chipmaker CSR January 15, 2014 SAMSUNG yesterday confirmed it has sold its stake in UK chipmaker CSR, causing the London-listed firm’s share price to tumble nearly three per cent during trading. The sale comes after CSR’s announcement in December that it would discontinue its camera-on-a-chip technology used in point and shoot digital cameras, a move welcomed by investors. Samsung’s stake [...]
Samsung warns of falling profits in mobile group January 7, 2014 SAMSUNG Electronics’ fourth quarter profits are expected to be hit by falling smartphone shipments and the impact of a special employee bonus estimated to be worth nearly 1 trillion South Korean won (£570m). Yesterday the world’s largest smartphone maker said it expects to fall short of analysts’ expected earnings of 8.8 trillion won by 18 [...]
Apple awarded $290m over its patent dispute with Samsung November 21, 2013 APPLE yesterday won $290m (£179m) in a damages retrial against Samsung, as the two companies continue to battle globally over their patent holdings. The technology giants have been fighting in the courts for over two years. Last year, Apple was awarded over $1bn in damages after it convinced a jury that Samsung copied various features [...]