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Wed, Jul. 16, 4:37 AM
- Samsung (OTC:SSNLF) is looking to partner with Under Armour (NYSE:UA) to increase its wearable devices product line, South Korea's Yonhap news agency reports.
- A meeting was stated to have taken place between Lee Jay-yong, the heir of Samsung Group, and Under Armour CEO Kelvin Plank earlier this month discussing ways to combat Apple-Nike's wearable device market share.
- Apple and Nike have been connecting sports wear with smart devices since 2006.
Tue, Jul. 8, 4:40 AM
- Samsung (SSNLF), Intel (INTC) and Dell have teamed up to create a standard by which household gadgets communicate with each other, called the Open Interconnect Consortium. The partnership also includes chipmakers Broadcom (BRCM) and Atmel (ATML).
- The new consortium will rival the AllSeen Alliance, a similar framework supported by Qualcomm (QCOM), LG (LGEIY), Microsoft (MSFT) and other companies.
Tue, Jul. 8, 3:03 AM
- A Samsung Electronics (SSNLF) factory in Brazil was robbed yesterday, after 20 thieves stole $6.4M of cellphones, tablets and other products. The company is hoping that insurance will minimize the cost incurred from the stolen inventory.
- The heist is also a setback for Brazil, which has been trying for years to draw more electronics makers to do business in the country. Besides for the high employment costs and taxes in Brazil, added security concerns can now have some manufacturers thinking twice.
- ETFs: BRXX, BRAQ
Mon, Jul. 7, 2:59 AM
- Samsung (SSNLF) is facing a tough time on all fronts, as competition from cheaper models and the launch of the iPhone 6, will likely cause profit to decline again this quarter. Chairman of the group, Lee Kun-hee, also suffered a heart attack in May, leaving the company without a leader and unclear succession.
- According to a Thomson Reuters poll, the company is expected to say on Tuesday, that earnings fell 12.6% for the second-quarter. Previously, CFO Lee Sang-hoon announced that the company's Q2 results "doesn’t look too good."
- As a result of this year's 5% stock drop, Samsung says it will compensate investors by boosting dividends.
Wed, Jun. 25, 7:32 AM
- Execs at Samsung (SSNLF) are not expecting great results this quarter, after announcing that company performance has been declining. Shares have fallen 8.5% so far this month, after a string of downgrades in earnings forecasts.
- “It doesn’t look too good,” says CFO Lee Sang-hoon, in reference to second quarter results.
- The company is scheduled to report its second-quarter earnings estimates in early July.
Sun, May. 25, 6:54 AM
- Apple (AAPL) is seeking a sales ban on nine older models of Samsung (SSNLF) phones after it won a lawsuit which found that the South Korean company infringed on three patents.
- Although Apple won $120M of the $2.2B it sought in the case, the tech giant argues that a ban would be more important than monetary damages.
- While Apple also infringed one Samsung patent, the latter has yet to pursue a ban on Apple products.
- Meanwhile, Apple, along with Adobe (ADBE), Intel (INTC) and Google (GOOG), has confirmed a report that they have agreed to pay $324M to settle claims they limited competition by conspiring not to hire each others' workers.
Sun, May. 11, 4:47 AM
- Samsung Electronics (SSNLF) Chairman Lee Kun Hee has had a heart attack but is in a stable condition in hospital after receiving surgery for an acute myocardial infarction.
- Since becoming chairman of Samsung in 1987, Lee has turned the company into the world' largest maker of smartphones, televisions and memory chips, with shares soaring 137-fold.
- Lee also heads Samsung Group, which has over 74 affiliated companies, including the electronics firm.
- The heart attack has prompted the issue of succession to be raised. A frontrunner to take over from Lee, who is 72, is his son Jae Yong, who was appointed Vice Chairman of Samsung Electronics in 2012.
Fri, Apr. 18, 5:03 AM
- Globalfoundries has agreed to license Samsung's (SSNLF) most advanced chipmaking technology, 14-nanometer FinFET, in a co-operation deal that analyst Jim McGregor says poses "a huge competitive threat" to Taiwan Semiconductor Manufacturing Co. (TSM), which controls around half of the $38.9B chip-foundry sector.
- The collaboration could also make it more difficult for Intel (INTC) to gain a strong position in the foundry business, McGregor says.
- The tie-up "provides an alternative to those companies that are looking to use leading-edge production." That could affect chip designers such as Qualcomm (QCOM).
Fri, Apr. 11, 3:37 AM
- Samsung (SSNLF) is starting sales of its latest flagship phone in 125 countries today, although the launch of the Galaxy S5 seems to lack the buzz of previous smartphone debuts.
- Samsung is even apparently pricing the device below its predecessor. "It reflects the trend of smart phone commoditization," says researcher Tom Kang.
- The company is also offering up to $600 of incentives to persuade consumers to buy the phone, including PayPal vouchers, a LinkedIn premium account and at least four fitness-related apps.
- Despite the Galaxy S5 being able to withstand being submerged in water, some critics appear to be underwhelmed.
Tue, Apr. 8, 3:24 AM
- Samsung's (SSNLF) Q1 operating profit fell for the second quarter in a row in Q1, dropping a preliminary 4.3% to 8.4T won ($7.96B) and vs consensus of 8.5T won.
- Sales rose slightly to 53T won from 52.87T won and vs expectations of 54.58T won.
- Samsung released its Q1 estimates ahead of the global launch of the Galaxy S5 on Friday amid criticism that the device doesn't have any overly interesting new features.
- Shares fell 0.2% in Seoul. (PR)
Mon, Mar. 31, 3:15 AM
- Jury selection is due to start today in the second major U.S. court fight in the Apple (AAPL) vs Samsung (SSNLF) global patent battle.
- Apple is suing the South Korean company for $2B for the alleged violation of five patents, while Samsung has argued that Apple has breached two of its patents.
- Apple's other target is Google (GOOG), with some of Samsung's alleged IP breaches involving Android features such as the ability to dial a phone number written inside a text message.
- As she did in a previous trial between Apple and Samsung, Judge Lucy Koh is set to preside. In the latest encounter, Koh has already ruled that Samsung infringed an Apple patent that automatically corrects words while a person is typing.
Fri, Mar. 21, 7:01 AM
- Could President Obama one day give up his BlackBerry (BBRY) addiction?
- The White House is testing Samsung (SSNLF) and LG Electronics (LGEAF) smartphones in a development that could threaten one of BlackBerry's last and most high-profile strongholds, the WSJ reports.
- Still, the testing is at an early stage and any use of Samsung or LG handsets is still "months away," while there's no indication - yet - that Obama will switch phones.
- Apple's iPhone is not being assessed.
Thu, Mar. 6, 7:10 AM
- Judge Lucy Koh has turned down a request from Apple (AAPL) to ban certain Samsung (SSNLF) mobile products in the U.S. because of patent infringements.
- However, Koh did complete a $929.8M damages award to Apple stemming from the companies' IP dispute.
- Apple and Samsung are due to face each other again this month in a trial over Apple patents different to those involved in the $929.8M award.
Mon, Feb. 24, 4:00 AM
- The World Mobile Congress has kicked off in Barcelona, with speakers such as Mark Zuckerberg and Jan Koum emphasizing the intersection of computing and mobile.
- Samsung (SSNLF) has already introduced the first two smartwatches that are based on its Tizen operating system rather than on Android.
- The Gear 2 and Gear 2 Neo devices are due to go on sale in April and are compatible with many of Samsung’s Android-based Galaxy smartphones.
- More on Mobile World Congress.
Sun, Feb. 23, 2:11 AM
- Apple (AAPL) and Samsung (SSNGY) are set to face each other again in court at the end of March after the two companies failed to resolve their patent dispute in the U.S. during mediation that included Tim Cook and Samsung co-CEO J.K. Shin.
- The latest trial will involve Apple IP that Samsung allegedly breached in relatively recent products, including the Galaxy S III smartphone.
- Separately, Apple will issue a software update "very soon" to fix a security flaw in PCs running the company's Mac OS X operating system. The glitch leaves email, financial information and other sensitive data exposed.
- On Friday, Apple released a fix for mobile devices running iOS.
Tue, Jan. 28, 3:45 AM
- World smartphone shipments topped 1B for the first time in 2013, rising 38% to 1.004B units, research firm IDC estimates.
- Q4 shipments grew 24.2% to 284.4M.
- Total handset volume increased 4.8% in 2014 to 1.82B units. Q4 shipments +0.9% to 488.4M.
- "Among the top trends driving smartphone growth are large screen devices and low cost," IDC says. "Markets like China and India are quickly moving toward a point where sub-$150 smartphones are the majority of shipments."
- Smartphone vendor shipments in 2013: Samsung (SSNGY) +42.9% to 313.9M, market share 31.3%; Apple (AAPL) +12.9% to 153.4M, market share 15.3%; Huawei +67.5% to 48.8M, market share 4.9%. (PR)
- Other relevant tickers: GOOG, MSFT, SNE, LGEAF
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