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América Móvil partners with Samsung to deliver 4.5G networks in Latin America
América Móvil, the fourth largest telecom carrier in the world, has partnered with Samsung to deliver 4.5G cellular networks in Mexico and other Latin American markets. The partnership also focuses on improving the connectivity for IoT (Internet of Things) devices. The companies will test the 4.5G network using the Galaxy S7 edge, Galaxy S8, and […]
- By Asif Iqbal Shaik
- 7 years ago
Samsung announces earnings guidance for Q2 2017, could be its best ever quarterly profit
Samsung has announced its earnings guidance for the second quarter of 2017 (April-June), and things look extremely positive, especially after the company took a tumble in 2016 due to the Galaxy Note 7 fiasco. The company's consolidated sales stood at around KRW 60 trillion (approximately $53 billion) with an operating profit of around KRW 14 […]
- By Asif Iqbal Shaik
- 7 years ago
Samsung named Asia’s best brand for six years in a row
Samsung announced earlier today that it was judged as Asia's best brand for 2017 among 1,000 brands. The company has been bagging this award since the past six years. The list of Asia's top 1,000 brands for 2017 was released by research agencies Campaign Asia-Pacific and Nelson, and more than 6,000 customers from 13 countries […]
- By Asif Iqbal Shaik
- 7 years ago
Samsung and HARMAN collaborate for new entertainment and marketing solutions
Samsung acquired US-based HARMAN late last year for its automotive electronics, IoT, and audio technologies. Now, the companies have announced that they're collaborating for new entertainment and marketing solutions, which includes signage board equipments. The new solutions include hotel systems where clients can control things like curtains and other facilities in the room using Samsung's motion sensor […]
- By Asif Iqbal Shaik
- 7 years ago
Samsung Q2 2017 operating profit may beat every other company on the planet
There have already been many predictions from market analysts that the second quarter of this year is going to be a good one for Samsung. The company is expected to break its previous record of the highest operating profit ever in a single quarter. The latest predictions go so far as to suggest that Samsung's […]
- By Adnan Farooqui
- 7 years ago
Samsung Group’s business strategies hindered by leader’s imprisonment
Samsung Electronics Vice Chairman Lee Jae-yong and the de facto heir to the Samsung Group has been imprisoned for nearly four months now. His time behind bars is impacting the group's business strategies which is facing hurdles in trying to navigate its way without its leader at the helm, according to industry watchers. Lee was […]
- By Adnan Farooqui
- 7 years ago
Qualcomm reportedly ditches Samsung, moves ahead with TSMC for 7nm processors
Qualcomm chose Samsung to manufacture its 10nm Snapdragon 835 chipset late last year, thanks to the latter's superior fabrication technology. It was a win-win situation for both the firms. The South Korean electronics firm reaped profits by manufacturing Snapdragon 835. On the other hand, Qualcomm had access to Samsung's 10nm technology, and its chips were also used in millions of Galaxy […]
- By Asif Iqbal Shaik
- 7 years ago
Samsung’s Q2 2017 operating profit expected to hit new high
Financial analysts are bullish on Samsung's prospects for the second quarter of this year. They predict that the company's Q2 2017 operating profit is going to hit a new record high. Most estimates suggest that the operating profit will be in the range of 12 trillion won or $10.6 billion to over 13 trillion won. […]
- By Adnan Farooqui
- 7 years ago
Samsung Display may begin iPhone OLED production this month
Samsung's display-making affiliate, Samsung Display, is reportedly going to start mass production of OLED panels for the next-generation iPhone this month. Samsung is believed to have been awarded the contract for OLED display panels for the iPhone 8, it's going to be Apple's first smartphone to feature an OLED display if the reports are correct. […]
- By Adnan Farooqui
- 7 years ago
Samsung posts highest-ever Q1 operating profit on revenue of $44.7 billion
Samsung shared its earnings guidance for the first quarter of 2017 last month. It expected the operating profit to come in at 10.1 trillion won or $9 billion. The company today reported its Q1 2017 earnings and hasn't strayed too far from its guidance. Samsung brought in an operating profit of 9.9 trillion won or […]
- By Adnan Farooqui
- 7 years ago
Samsung expects to post second-best operating profit ever in the first quarter of 2017
Samsung officially released its Q1 2017 earnings guidance today and it's in line with market expectations. Analysts are of the view that Samsung's operating profit this quarter will be close to the record high it hit back in the third quarter of 2013. The company predicts that its Q1 2017 revenue is going to be […]
- By Adnan Farooqui
- 7 years ago
Samsung Q1 2017 earnings guidance may be announced next week
Industry sources in South Korea believe that Samsung is going to announce its earnings guidance for the first quarter of the year next week. They expect that the guidance will beat forecasts as earnings are likely to be buoyed by the continued stellar performance of Samsung's chip business. Samsung's operating profit for the first quarter […]
- By Adnan Farooqui
- 7 years ago
High-end devices accounted for 29% of Samsung’s smartphone sales in Q1 2017
It's been revealed that high-end smartphones accounted for 29 percent of Samsung's combined handset sales in the first quarter of 2017; marking the first time the figure has dropped below 30 percent. As noted by The Investor, the portion of top-of-the-range devices once reached 75 percent during the second quarter of 2013, when the Galaxy S4 […]
- By Josh L.
- 7 years ago
Samsung Electronics’ market cap hits $268 billion for the first time ever
Despite ongoing challenges that have the leadership quite busy, investors continue to reiterate their trust in Samsung's business. That's evident by the performance of Samsung's stock on the Korea Composite Stock Price Index. The share price has been hitting new all-time highs this year and it went up to 2.134 million won yesterday, that's $1,906, […]
- By Adnan Farooqui
- 7 years ago
Samsung SDI Note 7 battery compensation talks reportedly stalled
Citing industry sources, a report out of South Korea today claims that the Samsung Group's battery affiliate Samsung SDI has put its Galaxy Note 7 battery compensation plan for sister company Samsung Electronics on hold as the two affiliates have yet to find a middle ground for a settlement. The two companies have still not […]
- By Adnan Farooqui
- 7 years ago
