Profit woes for Samsung after thieves hit Brazil plant July 8, 2014 Korean giant Samsung yesterday announced a 25 per cent decline in profits for the second quarter just days after robbers hit one of its plants in Brazil, seizing millions of pounds worth of products. It was the third straight quarter of annual profit decline and Samsung said it expected operating profits to be 7.2 trillion won [...]
Samsung set for worst results in two years as it predicts 25pc profit drop July 8, 2014 Samsung Electronics revealed today that it forecasts weak quarterly earnings, resulting in what would be its worst results in two years. This has cast doubt on the smartphone producer's ability to compete with cheaper Chinese rivals. The South Korean company has suffered at the hands of the recent slowdown in growth of the smartphone [...]
Samsung drops plasma screens to leave LG all alone in the market July 3, 2014 Samsung is ending production of its plasma screen TVs leaving LG as the only electronics company still manufacturing the sets which first went on sale to the public in 1997. Panasonic earlier this year stopped making plasma screens, and it’s the result of steady declines in demand, in part from competition from thinner and cheaper LCD [...]
Samsung’s Galaxy S5 fails to dethrone Apple after flagship launch June 30, 2014 Samsung’s flagship smartphone, the Galaxy S5, has taken third billing behind both Apple’s iPhone 5S and its cheaper 5C in May’s sales, according to research by Kantar Worldpanel. Samsung fared better in the US, however, where the S5 was the second-highest selling smartphone in May behind the 5S. “May was the first full month of [...]
Samsung electronics finance boss warns of disappointing results June 25, 2014 Samsung Electronics expects its earnings for the second quarter to be “not that good”, the firm’s finance chief said yesterday, amid growing worries about weak sales for its key smartphone business. Finance chief Lee Sang-hoon made the remark to local reporters in South Korea. Analysts have recently raised concerns that the company’s cash cow handset [...]
Samsung’s #Selfie4England backfires June 19, 2014 There is a long, rich and humorous history of hashtags backfiring on corporates but it doesn’t seem to stop them – step forward Samsung, who has been running the #Selfie4England since England’s first game last week. Let’s just say it’s been going wrong almost as much as right. A quick scan of the [...]
For Samsung Electronics boss Andy Griffiths life’s tough at the top of the tech table June 16, 2014 Samsung Electronics UK’s boss is always seeking innovations Samsung is at a tipping point. Its largest subsidiary, Samsung Electronics, maker of the hit Galaxy range of smartphones which generated total sales of $217bn (£128bn) last year, continues to see its core mobile business weaken, having reported its second straight quarter of declining profits in April. [...]
Samsung to reduce dependence on Google with first Tizen phone June 2, 2014 SAMSUNG will launch its first smartphone running its own Tizen mobile software instead of Google’s Android platform. The South Korean firm will officially announce the Samsung Z, which comes with a 4.8in high-definition display and offers features such as a fingerprint sensor, in San Francisco today. The phone will first be made available in Russia [...]
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 [...]