LG profits to plummet 80 per cent in festive quarter, as Samsung shares hit by weak chip demand January 8, 2019 LG Electronics has said its operating profit for the fourth quarter is likely to drop 80 per cent from the same period in 2017, falling miles away from previous analyst expectations. The world's second largest TV manufacturer has forecasted profit of just 75.3bn won (£52.5m) for the three months to December last year, which is also [...]
DEBATE: With Apple sales slowing and the share price tumbling, is China to blame? January 7, 2019 With Apple sales slowing and the share price tumbling, is China to blame? Neil Goddin, manager of the Kames Global Equity fund, says YES. Unlike the western world, the Chinese people are likely to support their country in the midst of a trade war by not buying American if they don’t need to. They would not [...]
CES 2019: Tech firms set to chase Vegas lights for gadget bonanza January 6, 2019 This week marks the dawn of CES 2019, an annual trade show held in Las Vegas where startups and tech giants alike debut some of the world’s hottest new gadgets. Following on from last year’s most popular trend, voice assistants and artificially intelligent products are expected to take centre stage. Samsung is thought to be [...]
Why voice assistants are set to make their ‘presents’ known this Christmas December 18, 2018 Christmas is now only a week away, and unsurprisingly gadgets will be taking up a lot of space under the tree, as people want to get their hands on the latest tech. Voice assistants are set to be an affordable, useful gift for many this year, and have become one of the hottest presents on [...]
UK chipmaker Graphcore gains unicorn status with $200m funding from BMW and Microsoft December 18, 2018 UK artificial intelligence chipmaker Graphcore has raised a $200m (£158.1m) series D funding round from BMW and Microsoft, valuing the firm at $1.7bn. The round brings Graphcore's total amount raised to date to over $300m, with its new investors joining existing backers such as electronics founder Robert Bosch, Dell and Samsung Electronics. The round was led by London venture [...]
South Korea launches raid on Samsung subsidiary amid fraud probe December 13, 2018 South Korean prosecutors investigating alleged accounting fraud yesterday raided the offices of Samsung’s biopharma unit and its two auditors, KPMG and Deloitte. The Financial Services Commission, which last month suspended trading in Samsung Biologics shares, claims the company intentionally breached accounting rules before listing in 2016. Biologics, which denies wrongdoing, said today that investigators had [...]
Asian stocks rocked by arrest of senior Huawei executive in Canada December 6, 2018 Asian stocks were hit had this morning by news of the arrest of the daughter of the founder of Chinese tech firm Huawei in Canada. Meng Wanzhou, who is also Huawei’s chief financial officer, was arrested in Canada on 1 December and faces extradition to the US. She was arrested in connection with the violation [...]
Samsung to put its voice assistant Bixby in all devices by 2020 November 20, 2018 Samsung Electronics has put its faith in its smart voice assistant Bixby, today announcing a pledge to put the software in all of its electronic products by 2020. The technology, chosen as a rival to Amazon's Alexa, was launched last year via Samsung's top tier smartphone range. The Korean tech giant said at a developer conference [...]
Samsung unveils foldable smartphone, but a startup beat them to it November 7, 2018 Electronics giant Samsung gave developers a first look at its foldable smartphone at a conference in San Francisco tonight, as it urged Android users to begin creating products and apps for the hardware. It also launched a flexible screen for its foldable phones, called Infinity Flex Display, which it said will be developed in association [...]
Huawei’s popularity is on the up after launch of P20 range October 25, 2018 Back in November I looked at tech brand Huawei ahead of its planned expansion in Europe. Now YouGov data underlines how Huawei has been doing since then, with particular reference to the launch of its new P20 and P20 Plus range, for which the brand launched a worldwide advertising push. Huawei’s marketing efforts appear to [...]