Samsung to plug $160bn into new technology in major growth push | City A.M. August 8, 2018 Samsung will boost its investment into tech businesses by $160bn (£123.6bn) over the next three years, in an effort to prop up South Korea’s place in industry while advancing its profit. Samsung Electronics will primarily fund $22bn of that investment to underpin research into artificial intelligence (AI), 5G connectivity, electronic components for automotives and biopharmaceuticals. [...]
Last Week in the City: Trade fears re-emerge August 3, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (30 July to 3 August 2018). Interest rates were raised in the UK for the second time since the financial crisis, but the move was widely expected. The earnings season continued. Growth in all regions was [...]
AirPods, iPhones and Apple Music: Here’s what to expect from Apple’s results out tonight | City A.M. July 31, 2018 Apple’s so-called boring quarter could prove to be not so dull, with the whole world watching to see signs of new tech products and a potential share price boost that could make it the first US trillion-dollar company. The springtime months are often Apple’s lowest in terms of iPhone sales as everyone holds off in [...]
Samsung profit growth slows in second quarter from ‘sluggish’ smartphone sales | City A.M. July 31, 2018 Mobile phone giant Samsung posted its slowest quarterly profit growth in more than a year today on the back of weak sales on its Galaxy S9 smartphones and tough competition. The figures Profit rose by 5.7 per cent to to 14.87 trillion won (£10.12bn) compared with last year, but took a dive from 15.64 trillion [...]
Facebook suspends another data analytics firm over surveillance concerns | City A.M. July 21, 2018 Tech giant Facebook has suspended another analytics firm during its own investigation into data sharing and collection on the social media platform. Crimson Hexagon, a US company offers “consumer insights” and works with government agencies around the world. The Wall Street Journal also reported that the firm had contracts “to analyse public Facebook data for [...]
Sony Xperia XZ Premium review: A premium device that puts Sony back in the game July 12, 2018 The Sony Xperia XZ Premium looks like the futuristic phone your younger self imagined you’d be using in the year 2017. It’s huge and silver (well, at least the silver version is) and resembles something an alien might insert into a glowing slot to power up his or her spaceship. While other phones try to [...]
Samsung is opening the world’s largest mobile phone factory in India July 9, 2018 South Korean tech group Samsung has announced the opening of the largest mobile phone manufacturing facility in the world, on the outskirts of New Delhi. Based in Noida, the facility is set to serve the fast-growing smartphone market in India which increasingly caters to local consumers looking to buy tech-enabled phones at lower prices. The [...]
HTC sales drop 68 per cent in June, the biggest slump the smartphone maker has had in over two years July 6, 2018 Smartphone maker HTC today released sales figures for June which showed the company is currently undergoing its biggest slump in more than two years. HTC said its consolidated revenue for June 2018 came in at 2.23bn Taiwanese dollars (£55.3m), falling 67.64 per cent from the same month last year at $6.8bn. Its numbers also fell [...]
Samsung and LG warn that second quarter profits are likely to miss expectations, as smartphone sales slow July 6, 2018 Two of South Korea’s biggest electronics companies, Samsung and LG, have issued warnings to shareholders that operating profits for the second quarter of 2018 are likely to miss estimates. Estimates released this morning by Samsung said that earnings growth had slowed to its most sluggish rate in more than a year. Operating profit for the [...]
Apple facing possible ban on some US iPhone imports over patent battle with Qualcomm June 16, 2018 Members of the US International Trade Commission have told a district judge they believe Apple has infringed the patent of rival Qualcomm, in a move that could lead to some US iPhones being blocked. The telecoms giants are battling it out after Qualcomm asked the commission, which acts as a third party in such cases, [...]