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 [...]
The end of event sponsorship marketing? How the World Cup lost its pull July 6, 2014 Event sponsorship is one of the oldest forms of advertising – when the Olympic games was first revived in Athens in the 1850s, it was at the behest of Albanian businessman and sponsor Evangelis Zappas. But with brands scrambling to get noticed amid the current World Cup marketing melee, there are signs that the centuries-old [...]
Apple preparing for iWatch launch with another high profile hire July 5, 2014 Apple appears to be gearing up for the impending launch of its iWatch with another high profile hire, poaching a senior executive from Swiss luxury watch brand Tag Heuer. Tag Heuer, part of luxury goods group LVMH, announced that vice president for sales Patrick Pruniaux will be leaving the company on Monday 7 July to join [...]
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 [...]
Google sets its sights on TVs, cars and watches June 25, 2014 GOOGLE’S Android software is coming to cars, televisions and watches this year, as the search giant looks to capitalise on the booming market of internet-connected devices. During its annual developers’ conference in San Francisco yesterday, Google announced the first cars running Android Auto, software for navigation, music and messaging, that will roll into car showrooms [...]
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 [...]
Google I/O 2014: Expect Google TV, Google Glass, Android Lollipop and wearables June 25, 2014 Google’s I/O conference brings together developers from across the world to see the latest breakthroughs, products and software created by the internet giant. The event kicks off later today, but speculation is rife about the announcements due to come out of San Francisco. Here’s what’s expected (in addition to guests pulling up in Google's driverless [...]
Google set to unveil a wearable future June 24, 2014 Tonight at 5pm Google will show off its latest software at its annual I/O Conference for developers in San Francisco. Last year, Google used the event to unveil a redesigned Google Maps, launch its Google Play streaming music service and announce that Android has shipped on 900m devices. Tonight, Google is expected to focus on [...]