Today, 3:24 AM
- Already reeling from a global recall of its Note 7 smartphones, Samsung Electronics (OTC:SSNLF) said it was in talks with a U.S. watchdog to address potential safety issuess related to some of its washing machines.
- The comments come as the U.S. Consumer Product Safety Commission warned of problems with Samsung top-load washers, following media reports that they had exploded.
Tue, Sep. 27, 2:15 AM
- Samsung Electronics (OTC:SSNLF) has recovered more than 60% of all recalled Galaxy Note 7 smartphones sold in South Korea and the U.S., and is focused on replacing all of the devices "as quickly and efficiently" as possible.
- The South Korean firm announced on Sept. 2 a global recall of at least 2.5M Note 7s in 10 markets due to faulty batteries causing some phones to catch fire.
Thu, Sep. 22, 12:34 PM
- Apple's (AAPL +0.9%) claimed to have looked at locations in close proximity to Samsung's (OTC:SSNLF) headquarters and D'light global flagship location. An Apple spokesman is not providing much further clarity, however, commenting that "no announcements about a store there" have been made.
- Stores in mainland China (36), Hong Kong (6) and Japan (7) are presently open, though an entry into South Korea would signal a more pronounced effort to compete in its smartphone market where Samsung and LG Electronics hold an estimated 80% share.
Wed, Sep. 21, 2:26 AM
- Replacements for only half of the 1M Galaxy Note 7 phones recalled in the U.S. will be available in stores today. The rest will arrive at retail outlets by the end of the month.
- Samsung (OTC:SSNLF) is also pushing out two new software updates: One will show a green battery icon (instead of white) to confirm a new Note 7 device. The other will tell owners of old Note 7 phones to get a replacement.
Tue, Sep. 20, 3:33 AM
- Samsung Electronics (OTC:SSNLF) and its battery supplier Amperex Technology have denied any battery problems with the Galaxy Note 7 sold in China, after several consumers complained their smartphones overheated and caught fire.
- Samsung attributed the incidents to "external heating" rather than battery problems, and said it was unable to determine the cause of a third case because the owner refused to return the charred device for testing.
Mon, Sep. 19, 5:42 AM
- Two Galaxy Note 7 smartphones have reportedly caught fire in China in what, if confirmed, would be the first such incidents in the world's largest smartphone market.
- Samsung Electronics (OTC:SSNLF) said it was investigating one of the reported cases.
- The South Korean firm had earlier said Note 7s sold in China were safe to use.
Sun, Sep. 18, 8:51 AM
- As it grapples with a massive global smartphone recall that is estimated to cost more than $1B, Samsung Electronics (OTC:SSNLF) is moving swiftly to sell stakes in other tech companies to raise cash.
- The Korean firm said Sunday it disposed of shares in ASML, Seagate (NASDAQ:STX), Rambus (NASDAQ:RMBS) and Sharp (OTCPK:SHCAY).
- Total proceeds from the sales exceeded 1T won ($889M).
Fri, Sep. 16, 1:44 PM
- While already anticipated, Intel (INTC +2%) components are now confirmed to be installed within certain iPhone 7 configurations. Two Intel RF transceivers, a baseband modem and RF power management ICs are noted.
- Modems, transceivers and power management ICs provided by Qualcomm (QCOM +0.2% ) are also confirmed to be utilized in other device variations. Qualcomm had historically maintained an exclusive provider position of modem components for previous iPhone iterations.
- Supplies from Skyworks Solutions (SWKS -1.9%), Cirrus Logic (CRUS -1.8%), Samsung Electronics (OTC:SSNLF), Taiwan Semiconductor Manufacturing Company (TSM -0.7%), NXP Semiconductors (NXPI -2.2%), Broadcom (AVGO -1.3%), Qorvo (QRVO -2.4%), Texas Instruments (TXN -0.5%), Toshiba (OTCPK:TOSBF +4.4%), Lattice Semiconductor, (LSCC -0.6%), Dialog Semiconductor (OTC:DLGNF), SK Hynix (OTC:HXSCF) and other makers also so far validated.
Fri, Sep. 16, 8:02 AM
- Samsung Electronics (OTC:SSNLF) will resume selling new Galaxy Note 7 smartphones in South Korea from Sept. 28, as it rushes to complete a costly recall and salvage second-half sales for the device.
- A Samsung spokeswoman told Reuters the schedule for restarting sales for the device elsewhere, including the U.S., will depend on the circumstances for the individual markets.
Thu, Sep. 15, 4:56 PM
- The development should help clarify for U.S. consumers what has become a situation of miscommunication and complication. While Samsung (OTC:SSNLF) early on issued its own recall, a formal work-through with the U.S. Consumer Product Safety Commission should have been developed earlier.
- Global recall volume of the Note 7 is around 2.5M. Samsung will offer U.S. customers who exchange the device a $25 credit.
- Samsung's recall page
- CPSC's recall page
Thu, Sep. 15, 12:04 PM
- Following an advisory from the Consumer Product Safety Commission late last week, Samsung (OTC:SSNLF) and regulators at the agency are now working to etch out the recall's official details.
- With a recall as broad and increasingly complicated as this, some clarification, at least within the U.S., to what has become a confusing and mishandled process should prove helpful to consumers and Samsung's reputation alike.
Wed, Sep. 14, 12:39 PM
- He discussed the technologies this morning during an ABC News interview.
- On AR: "My own view is that augmented reality is the larger of the two, probably by far, because this gives the capability for both of us to sit and be very present talking to each other, but also have other things visually for both of us to see. Maybe it's something we're talking about, maybe it's someone else here that is not here, present, but could be made to appear to be present with us. So there's a lot of really cool things there."
- On VR: "Virtual reality sort of encloses and immerses the person into an experience that can be really cool, but probably has a lower commercial interest over time, or less people would be interested in that." He does, though, go on to note that Apple (AAPL +4.5%) has a lot of consideration for virtual reality as it relates to gaming and education.
- The company had reportedly assembled a large team of specialists within the fields earlier this year.
- While AR and VR initiatives have already been most notably underway at Alphabet (GOOG, GOOGL), Facebook (FB +0.7%), Samsung (OTC:SSNLF) and Microsoft (MSFT -0.1%), efforts by Intel (INTC +0.4%), Snapchat (Private:CHAT) and Line (LN +2.1%) have developed within the last few weeks, demonstrating broad increased movement throughout the space. With Cook's comments today, it appears Apple's entry to the arena is not far off.
Tue, Sep. 13, 12:14 PM
- Samsung's (OTC:SSNLF) Galaxy Note 7 recall is proving to be an increasingly challenging endeavor. Though the company has pressed customers to exchange the 2.5M devices that shipped prior to the recall, as an added incentive, an over-the-air software update will be issued to restrict battery charge to 60% of capacity.
- The effort is presented through an advertisement on the front page of a South Korean newspaper and is expected to take effect in the country on September 20. Issuance of the update in other regions has so far not been disclosed.
- The complex logistics of the recall continue to pose problems for the company on top of the acute blow to market value it's seen since.
Mon, Sep. 12, 3:21 PM
- Apple (AAPL +2.2%) CEO Tim Cook, on his Twitter account, presented photos taken at yesterday's Titans-Vikings game and US Open proceedings using the device.
- The results, shot by professional photographers, look impressive. The 7 Plus features both wide-angle and telephoto camera lenses.
- With a major comparison marker between Apple and Samsung smartphone offerings historically consisting of photo-taking capabilities, these improvements along with Samsung's (OTC:SSNLF) recent troubles look to bode well for the iPhone maker.
Mon, Sep. 12, 5:11 AM
- HP (NYSE:HPQ) is getting a lot bigger. The personal computer and printing giant is buying Samsung's (OTC:SSNLF) printing business for $1.05B, in a move that will give it 6,000 new employees, thousands of new technology patents and a bigger presence in Asia.
- The acquisition is expected to add to HP's earnings in its full year after closing.
- Samsung will also buy $100M-$300M worth of HP shares on the open market once the deal is through.
Sun, Sep. 11, 8:33 AM
- Samsung Electronics (OTC:SSNLF) is urging consumers worldwide to immediately stop using their Galaxy Note 7s and exchange them as soon as possible after U.S. authorities told users to power down their devices.
- The world's largest smartphone maker plans to provide Galaxy Note 7s with new batteries in South Korea starting Sept. 19, but schedules vary for other countries.
- Update (9/12 at 2:12 a.m.): Samsung shares are down 7% in Korea.