Samsung sales soar on chips and Galaxy S October 25, 2013 Samsung Electronics has announced that its net profit climbed 25.6 per cent in the third quarter to 8.24 trillion won (£4.7bn), boosted by a surge in shipments of its Galaxy S smartphone and higher prices for memory chips. A record operating profit of 10.2 trillion won (£5.92bn) was up 26.08 per cent from the same [...]
Rolls-Royce wins contract with Samsung October 24, 2013 AEROSPACE firm Rolls-Royce yesterday said it has signed a contract to supply machinery for two drilling rigs which will be built in Korea. The deal, which is valued at £22m, was awarded by Samsung Heavy Industries, a subsidiary of the Samsung Group conglomerate, and the drilling rigs will be built for Stena Drilling. The new [...]
HTC scales back production as smartphone sales start to slow October 23, 2013 TAIWANESE smartphone maker HTC has halted at least one of its four main manufacturing lines, accounting for at least a fifth of total capacity, and is outsourcing production as a sales slump puts pressure on its cash flow, according to sources with direct knowledge of the situation. A Reuters reporter who visited an HTC factory [...]
Apple shows off new iPad lineup as tablets boom October 22, 2013 APPLE revealed a host of new iPads last night as the company arranges its lineup ahead of the holiday season. The technology giant offered audiences a look at its new iPad Air, a premium £399 tablet that is 20 per cent thinner than the 9.7in iPad it replaces, and its iPad Mini with retina display [...]
Apple’s market share slips as tablets boom October 21, 2013 APPLE will reveal its latest iPad lineup tonight, with new iPads and iPad Minis expected. But despite its fresh models the firm’s market share of the tablet space is slipping amid huge growth in the market. The technology giant sold 14.6m iPads in its third quarter ending 29 June, a 14 per cent drop from [...]
What the other papers say this morning – 21 October 2013 October 21, 2013 FINANCIAL TIMES Cameron to build on Royal Mail sale David Cameron is planning to build on the huge popularity of the Royal Mail privatisation by prioritising retail investors for the sell-offs ahead of the general election in 2015. Attracting retail investors will be a key aim as the government prepares to complete the sales of [...]
London Report: GDP figures and housing prices reveal recovery October 20, 2013 GROSS domestic product (GDP) figures due on Friday are expected to reveal the UK’s solid recovery prospects, coupled with further good news from Nationwide and Rightmove housing figures earlier in the week. Analysts predict further improvement in the economy, with third quarter GDP expected to rise. “We expect GDP to rise 0.8 per cent quarter-on-quarter. [...]
Samsung offers to end tech wars October 17, 2013 Samsung has offered to defuse ongoing patent disputes between tech companies in Europe by refraining from further litigation for five years. The offer could help the technology company to avert a possible £11.3bn fine that Samsung could face after the European Commission said last year that its patent lawsuits broke EU antitrust rules. Samsung and [...]
Samsung proposes to end patent litigation in Europe October 17, 2013 Samsung Electronics has agreed to stop seeking injunctions on certain patents, says the European Commission, giving glimmers of a truce in the smartphone and tablet patent wars. (Release) The Commission challenged the electrics giant for its pursuit of injunctions that are standard-essential – meaning that the invention being patented has to be used in order [...]
Bottom Line: This odyssey might just be a step too far October 14, 2013 DESPITE having been around since 1968, when Arthur C Clarke first envisioned “the newspad” in 2001: A Space Odyssey, tablets still feel pretty fresh. Apple’s sector-defining iPad may have landed in 2010, nine years late for Clarke, but it’s not taken long for everyone to want a piece of the action – from natural competitors Samsung [...]