Today, 3:11 AM
- Looking to regain traction in the wearables market, Samsung Electronics (OTC:SSNLF) has released its new Gear S2 smartwatch, which will run on the company's homegrown Tizen operating system.
- The device sports a 1.2-inch circular screen and comes in two styles - a stylish flagship version and a more understated product dubbed the Gear S2 Classic.
- Key features: Mobile payments, 3G connectivity, smart car keys, remote control of home devices and a battery that can last up to two or three days.
Yesterday, 2:49 AM
- The combined effects of China's economic slowdown, a maturing smartphone industry and market volatility are sending jitters through Asian electronic-parts suppliers, which have long-relied on Chinese manufacturing muscle and consumer demand to power growth.
- Earlier this month, research firm Gartner said smartphone sales in China fell for the first time in Q2, while IDC forecasts smartphone shipments in the country to grow just 1.2% this year, down from 19.7% in 2014.
- Related tickers: SNE, OTC:SSNLF, OTC:HNHAF, OTC:PGTRF, OTCPK:SHCAY, OTCPK:LNVGY, OTC:HTCXF, OTC:FXCOF, OTCPK:PCRFY, OTCPK:BYDDY, OTC:HXSCF, OTCPK:TOELF, OTCPK:FANUF
Fri, Aug. 21, 7:50 AM
- Samsung (OTC:SSNLF) is offering iPhone users the chance to try out one of its latest flagship phones for just $1 in a bid to lure customers away from Apple devices.
- The promotion is billed as the "ultimate test drive" and allows U.S. customers to trial the dual-curved screen Galaxy S6 Edge, S6 Edge Plus and the Note 5 with full cellular service for 30 days.
Thu, Aug. 13, 11:54 AM
- Like the Note 4, Samsung's (OTC:SSNLF) Galaxy Note 5 sports a 5.7" 2K (quad HD) OLED display. However, the phone is slightly smaller, thinner, and narrower than its predecessor. Like the Galaxy S6, the Note 5 does away with the plastic-heavy design of the prior-gen model in favor of a glass back and metal frame. The trade-off is the lack of removable battery and microSD card support. (event live blog)
- Other specs include an 8-core Exynos 7420 app processor (same as the S6), a 16MP camera with optical image stabilization, 4GB of RAM, a 3,000 mAh battery, 32-64GB of storage, a slightly revamped S Pen stylus, and wireless charging and quick charging support. The phone runs on Android 5.1 (Lollipop), and its camera app has been updated to support YouTube livestreaming.
- Also unveiled: 1) The Galaxy S6 Edge+, a 5.7" version of the curved 5.1" Galaxy S6 Edge. Outside of the display, a slighter larger battery, and some software tweaks, the phone is very similar to its smaller predecssor. 2) A physical keyboard accessory for the Note 5 and S6 Edge+ that snaps on top of a display.
- As expected, the Note 5 and S6+ Edge go on sale in the U.S. on Aug. 21 (pre-orders start today). Samsung has also announced the Samsung Pay payment service (supports both NFC and traditional magnetic stripe card readers) will launch in the U.S. on Sep. 28.
- Update: Not surprisingly, the phones won't be cheap. AT&T is selling the 32GB Note 5 for $250 with a 2-year contract, and $740 unsubsidized. The 32GB S6 Edge+ goes for $300 with a 2-year contract, and $815 unsubsidized.
Thu, Aug. 13, 4:31 AM
- Samsung Electronics (OTC:SSNLF) is expected to introduce two new big-screen Galaxy smartphone models later today during its Unpacked event in New York.
- The tech giant hopes the Galaxy Note 5 and Galaxy S6 edge+ will help it regain momentum in the smartphone market after Apple's new iPhones eroded sales and a dramatic loss of Chinese market share.
- During the second-quarter, operating profit at Samsung's mobile division slid 38% to 2.76T won ($2.4B).
Mon, Aug. 3, 2:29 PM
- Taiwan's Economic Daily News reports Samsung (OTC:SSNLF) plans to cut standard DRAM production by 30%, and shift capacity to mobile DRAM ahead of the iPhone 6S launch. Rival Micron (NASDAQ:MU) is up strongly on a day the Nasdaq is down 0.7%.
- The paper also reports Samsung has notified OEMs it won't be cutting DRAM prices as of August - a move that could lead to higher prices - and (in-line with past reports) that the iPhone 6S will have 2GB of DRAM, up from the 1GB found in the iPhone 6.
- PC DRAM price pressure (caused in no small part by weak PC sales) has been weighing on Micron: The company's DRAM ASP fell 10% Q/Q in FQ3 (the May quarter); FQ4 guidance is for a mid-to-high single-digit drop.
- JPMorgan reported today PC DRAM contract prices fell 15% in July, more than it expected. The industry is hoping Windows 10 (launched last Wednesday to fairly good reviews) will help boost demand.
- Related ticker: OTC:HXSCF
Thu, Jul. 30, 2:43 AM
- Samsung Electronics (OTC:SSNLF) warned of "mounting challenges" ahead as the company's once-highflying mobile unit again dragged on its quarterly results.
- With poor Galaxy S6 sales and a dramatic loss of Chinese market share, operating profit at Samsung's mobile division slid 38% to 2.76T won ($2.4B). Overall operating profit dropped 4% to 6.9T won ($5.93B).
- The company is now looking to "flexibly adjust" the price of the S6, introduce a new premium model with a larger screen and develop a fresh range of mid-to-low end devices.
Fri, Jul. 24, 4:07 AM
- With the possibility of a Qualcomm (NASDAQ:QCOM) split afloat, an interesting piece of analysis has surfaced on Wall Street, pointing towards Intel (NASDAQ:INTC) as the best possible beau if the firm decides to break itself up.
- "The chip deal to end all chip deals," said Cowen analyst Timothy Arcuri.
- Other suitors for Qualcomm's chip business, valued at $30B-$40B, could include a consortium backed by the Chinese government and Samsung Electronics (OTC:SSNLF).
Mon, Jul. 13, 2:58 AM
- Apple (NASDAQ:AAPL) grabbed 92% of the operating profit of the world's top eight smartphone companies in Q1, financial firm Canaccord Genuity calculates, up from 65% a year earlier.
- Samsung (OTC:SSNLF) took 15% in this year's period.
- The reason why Apple and Samsung earned over 100% combined is because some rivals only broke even or lost money.
- Apple's dominance of profit share comes despite the company selling under 20% of smartphones and because its devices are much more expensive than those of its competitors.
- The story is similar in the PC industry, although not as extreme. Apple enjoyed over half of industry profits last year despite its Mac line taking a market share of just 6%, Bernstein Research estimates.
Fri, Jul. 10, 7:30 PM
- Not content with the 2K-resolution displays found on the Galaxy Note 4 and S6, Samsung (OTC:SSNLF) plans to develop an 11K-resolution display sporting a whopping 2250 pixels per inch (ppi), roughly 4x that of the S6's 577. The company hopes to show off a prototype in time for the 2018 Pyeongchang Winter Olympics.
- For a standard smartphone display, the human eye would have trouble detecting an increase in resolution from 2K to 4K, never mind 11K. However, Samsung suggests its goal isn't to provide sharper text or videos, but to enable quality glasses-free 3D effects.
- No word on whether the display will be an LCD or OLED. Given the higher materials costs involved with higher-resolution displays, Universal Display (NASDAQ:OLED) could benefit if 11K displays are ever mass-produced.
Fri, Jul. 10, 7:55 AM
- In a break from tradition, Samsung Electronics (OTC:SSNLF) is moving up the autumn launch of its Galaxy Note phablet to mid-August, WSJ reports.
- The move is part of a bid to give the device some breathing room before mid-September, when Apple typically unveils its refreshed iPhone.
- The step could also give Samsung a chance to inject some life into its mobile operations after a rough second quarter.
Tue, Jul. 7, 2:08 AM
- Plagued by a supply shortage and tepid demand, Samsung Electronics (OTC:SSNLF) is anticipating a seventh straight quarter of profit declines, reinforcing worries that Galaxy S6 sales fell short of expectations.
- Operating profit for the second quarter likely fell 4% from a year earlier to 6.9T won ($6.1B), while revenue for the period likely dropped 8.3% to 48T won.
- The declines come amid robust growth in Samsung's semiconductor operations, leaving most of the blame on the the company's once-highflying mobile division.
Wed, Jul. 1, 3:24 AM
- A South Korean court has rejected an appeal from activist fund Elliott Associates to block the merger of two Samsung group companies - Cheil Industries and Samsung C&T - saying that the proposed deal did not represent an illegal transfer of value to investors.
- The deal would allow the heirs of patriarch Lee Kun-hee, who remains hospitalized since a May 2014 heart attack, to consolidate stakes in affiliates like smartphone maker Samsung Electronics (OTC:SSNLF) and keep control of the Samsung group.
- Elliott, which has a 7.1% stake in Samsung C&T, argued the merger should be ruled invalid because it undervalued the company.
Mon, Jun. 29, 4:19 AM
- South Korea's Samsung Bioepis, a developer of generic versions of biotech drugs, is considering a Nasdaq IPO that could be worth around $1.3B.
- Ninety percent of Samsung Bioepis is held by Samsung Biologics, which is in turn owned by affiliate Samsung Electronics (OTC:SSNLF) as well as Cheil Industries and Samsung C&T (which are currently battling activist Elliott Associates over their proposed merger).
- U.S. listings are rare for South Korea firms as they tend to trade at discounts to global peers. It would be the first on Nasdaq since 2006.
Tue, Jun. 23, 5:19 PM
- Echoes of the Apple/IBM deal? Red Hat (NYSE:RHT) and Samsung (OTC:SSNLF) plan to offer "a series of enterprise-ready industry-specific mobile applications that will run on the Red Hat Mobile Application Platform and address key workforce management and business tasks, such as business intelligence, field and customer service, inventory management and sales catalog, pricing, ordering, and invoicing"
- The apps will run on Android and other mobile operating systems; companies will be able to customize them, as well as integrate with back-end systems. Red Hat/Samsung also plan to provide developer tools to create an ecosystem around their offerings, and delivery/support services.
- Red Hat's mobile app platform was officially unveiled earlier today. It leverages last year's acquisition of enterprise mobile app platform owner FeedHenry, as well as Red Hat's JBoss middleware line and software supporting the open-source OpenShift cloud app platform (PaaS).
- Samsung has also partnered with BlackBerry as part of its efforts to grow enterprise mobile sales.
Mon, Jun. 8, 3:16 AM
- Samsung Electronics (OTC:SSNLF) plans to offer a mobile payments function in a smartwatch to be launched in the second half of the year, Electronic Times reports.
- The South Korean firm has previously said its Samsung Pay mobile payments service, which supports NFC technology, will become available for "select partners" in July.
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