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 [...]
Wall St slips as traders look to earnings’ data – New York Report October 6, 2014 US SHARES yesterday fell in choppy trading, with traders nervously eyeing the start of earnings season, while the S&P 500 failed to remain above a key technical level. The Dow Jones industrial average fell 17.78 points, or 0.1 per cent, to 16,991.91, the S&P 500 lost 3.08 points, or 0.16 per cent, to 1,964.82 and [...]
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 still 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, made public by a New York federal court, reveals that although Microsoft has already received $1bn in [...]
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 [...]
Apple retains smartphone sales lead ahead of iPhone 6 launch October 1, 2014 APPLE’S UK smartphone sales remained steady up to the launch of its new iPhone 6 last month, defying the historical trend of a sales slump ahead of the new devices release, according to data from Kantar Worldpanel. The iPhone 5C was the best selling smartphone in the UK during August, with 8.9 per cent share [...]
iPhone 6 hits China retailers after Apple wins regulatory approval September 30, 2014 Apple has been granted approval to sell the iPhone 6 and iPhone 6 Plus in China, 11 days after units began flying off the shelves in the UK and US. The Chinese government’s Ministry of Industry and Information Technology (MIIT) finally granted Apple a licence to sell its new product in the country, after [...]
Samsung’s Apple-busting strategy: Pull its Galaxy Note 4 release date forward in China and South Korea September 24, 2014 Samsung will launch its brand new Galaxy Note 4 "phablet" ahead of schedule in China and South Korea this week. With Apple reporting record-breaking sales of its new iPhone 6 and iPhone 6 plus, Samsung has responded by getting its new product out in the two vast Asian markets at the earliest possible date. [...]
Who is the richest person in China? Alibaba’s Jack Ma tops new list September 23, 2014 Alibaba founder Jack Ma is now the richest man in China – but he still falls outside the list of the world's 10 richest people. A report published today puts the 50-year old founder of Alibaba Group Holding in pole position among China's wealthiest for the first time, after the ecommerce giant's record breaking [...]
Sony share price plummets on profit warning September 18, 2014 Shares in Sony fell by 12 per cent to ¥ 1,865.5 (£10.50) at the start of trading in Tokyo last night, following the release of a profit warning by the consumer electronics giant. It said that losses for the year ending March 2015 could reach as high as £1.32bn, which is four times bigger [...]