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Financial analysts have made several predictions about how Samsung's first quarter of 2017 is going to turn out. Some suggested that the company would see a 40 percent increase in operating profit but this was revised down to 30 percent just two weeks ago. According to a new report out of Korea, the company is […]
Everything in life is a process, but the end to some processes is a cause for celebration. That is the case for Samsung, as its Harman International acquisition is now complete after four months of hard work to see it through. Harman stockholders will receive $112 per share, with a total purchase payment of $8 billion […]
Back in October 2016, Samsung announced that it had acquired artificial intelligence startup Viv Labs. Unfortunately, at the time, the financial terms of the deal weren't revealed. The firm has now, however, disclosed that it inked the contract for 238.93 billion won on Friday, October 8, when the Korean won was equal to $0.0009 — […]
Things may not be looking good for Samsung's top management but these troubles are not likely to have an impact on its business in the short term. This is why analysts who cover the company are of the view that it's going to showcase robust growth in the first quarter of this year. According to […]
Local media reports out of South Korea today suggest that Samsung is thinking about setting up a new fund to acquire companies working in the field of artificial intelligence. The company is reportedly thinking about setting aside $1 billion for this purpose. An unnamed Samsung Electronics US official cited in the report claims that Samsung […]
Samsung SDI is the battery-making affiliate of the Samsung Group. Samsung Electronics sources a big chunk of the batteries for its mobile devices from this company, and yes, Samsung SDI was one of the suppliers for the Galaxy Note 7's battery as well. It's actually going to be supplying the bulk of the batteries for […]
After a decade's worth of research and development, SoundHound launched its voice assistant platform Houndify for iOS and Android in March last year. The company is constantly working to improve its artificial intelligence assistant so that it can better compete with the likes of Siri, Alexa and Google Assistant. It develops what it calls “Collective […]
Apple edged past Samsung during the fourth quarter of 2016 in the global smartphone market. According to a report from Strategy Analytics, Apple captured a market share of 17.8 percent, while Samsung captured 17.7 percent share of the market. Chinese smartphone vendors Huawei (10.2%), Oppo (6.7%), and Vivo (5.8%) stood third, fourth, and fifth, respectively. […]
Samsung posted its full Q4 2016 earnings today. Despite taking a hit due to the Galaxy Note 7 recall, the company's IT and Mobile Communications division posted an operating profit of 2.50 trillion won ($2.14 billion) on consolidated revenues of 23.61 trillion won for the final quarter of last year. It says that the fourth […]
Samsung Electronics Vice Chairman Lee Jae-yong has served as the defacto head of the Samsung Group conglomerate ever since his father Chairman Lee Kun-hee suffered a heart attack in 2014. He will eventually replace his father as chairman and the process of his succession has already been put in motion. However, a corruption and bribery […]
Despite all of the troubles that it has had to put up because of the Galaxy Note 7 over the past few months, investors are still confident in Samsung's business and that confidence is reflected in the performance of the company's stock. Samsung Electronics shares have hit a fresh record high of 1.86 million won […]
Samsung has been going through tough times due to the downturn of the semiconductor chip segment, leading to huge losses for the company. However, it looks like the company is recovering from that downturn and narrowing losses in its semiconductor chip business. Samsung has reported earnings guidance for Q3 2023, revealing better-than-expected results. Its profits […]
After revealing its earnings guidance a few days ago, Samsung announced its earnings for Q2 2022 earlier today. The company said that its revenue was KRW 77.2 trillion (around $59.1 billion), its best ever for second-quarter figures. The South Korean firm's revenue was a 21% improvement compared to Q2 2021. The company's Q2 2022 profit […]
At this point, Apple has established itself as the king of the tablet market thanks to the lack of competition from Android. Despite the widespread availability of low-cost tablets like the Galaxy Tab A8, people still gravitate towards iPads. Data obtained by market research firm IDC confirms Apple's hegemony over the competition. Apple shipped more […]
Samsung has been the biggest supplier of OLED displays to Apple ever since the latter made the switch to OLED panels for the iPhone in 2017. That's because no other display manufacturer has the scale and the quality that Samsung is able to provide its customers. That's not to say that they haven't been trying […]