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Samsung

  • Samsung’s net income plunges as smartphone competition heats up

    Samsung released its first quarter results and, in spite of the launch of its flagships, the Galaxy S6 and S6 Edge, it is not looking great for the South Korean company. It's worth noting though that it might be too early to the results of the two flagships. Samsung of course expects to see strong mobile demand. The first quarter results show that Samsung’s net income has plunged by 39%. The company reported that its first quarter income was 4.63 trillion won (US$4.35-billion), compared to 7.49 trillion won one year earlier. Sales were down by 12% from a year earlier to 47.12...

  • Samsung reveals poor earnings, bets on the Internet of Things

    Samsung has released its Q4 earnings results, revealing a rather big drop in profit. That said, it's not all that doom and gloom. The world's largest smartphone manufacturer is changing its course in a mission to develop an internet-connected device ecosystem or dominate the Internet of Things (IoE). In line Bloomberg analysts predictions, the South Korean electronics giant's operating profit for the quarter will be 5.2 trillion won (over US$4.7-billion). This means that Samsung is earning 37% less than one year ago. Despite this fall, the company still managed to beat the predictions of most analysts. According to analysts,...

  • Samsung will make fewer smartphone models next year

    Samsung executives have confirmed that the company is betting on a more streamlined range of smart devices as it looks to claw back some of the profits it lost in the most recent financial quarter. Before releasing its quarterly earnings report last month, the company warned of weak demand for phones and increased marketing spend. Still the announcement to streamline its range of smartphones is hardly surprising. Read more: Samsung profits fall as it gets squeezed at both ends of the market The global smartphone leader's market share declined in annual terms for the third straight quarter in July-September. In...

  • Samsung profits fall as it gets squeezed at both ends of the market

    After blazing its way to the top of the smartphone pile -- in sales at least -- things have started to turn sour for Samsung. The South Korean electronics giant today announced a massive 49% drop in profits in its Q3 financial results. According to the company, a large portion of that drop is down to a knock in its smartphone sales thanks to increased competition as well as lower prices on older models. Samsung reported quarterly net profit of (KRW) 4.22 trillion won (US$4-billion), or 8.9% of sales. Compare that with 8.24 trillion won (US$7.8-billion) it reported in the...

  • Samsung expects a poor quarterly profit, smartphones wearing it down

    Samsung is expecting its quarterly profits to punch in at 4.1-trillion won (US$3.8-billion) -- that's about 60% down from last year's 10.2-trillion won forecast. The tech company seemingly has its fingers in all pies on the market -- from televisions to smartphones, smartwatches and processors. The latter seems to be where it's placing its bets going forward, nudging away from its poor performing mobile sector. A report by Counterpoint Research in July highlighted the company's struggle to keep up with the likes of Apple's iPhone 5s. Even though Apple's then flagship smartphone has been on the market for about seven months,...

  • New Samsung Android handsets in Nigeria to feature Celltick Start-based UI

    Celltick, creator of the Android lockscreen replacement app Start, has announced a new partnership with Samsung West Africa that will see it develop a custom Start-based Galaxy 11 interface for all Android-based Samsung smartphones in the region. Additionally, Start will be the launcher of choice, trumping Samsung's and Android's native offerings. Founded in 2000, Celltick has endeavored to morph the smartphone's usually barren lockscreen into an "interactive personalized billboard." Start comes pretty close to this. If the app's appearance is anything to go by, the UI should be particularly spiffy, clean and user friendly. Available for other Android devices via Google's...

  • Have sluggish smartphone sales left Samsung singing the blues?

    The results are in and reveal that Samsung had a fairly torrid fourth quarter of 2014. Smartphone competition has kicked in, and in its most hotly contested market, the USA, iPhone sales battered Samsung in the last quarter of the year. In the mobile communications division, sales were down seven percent quarter-on-quarter, with mobile sales down a bigger nine percent on a massive turnover of US$31.3-billion in sales. Traditionally the volume for Samsung has come from the low-end devices with the higher-end Galaxy range bringing in most of the profits. The mix in the USA is heavily weighted to higher end...

  • Michael Bay freaks out at Samsung’s CES 2014 press conference

    Proceedings took a strange turn at Samsung's press conference today, when director Michael Bay abruptly left the stage after a teleprompter apparently failed during Samsung's 2014 UHD TV product line presentation. Instead of ad-libbing, Bay offered a brusque apology and exited stage left, leaving Samsung Electronics America Senior Vice President, Joe Stinziano, to smooth things over. Following the incident, Business Insider caught up with Bay, who admitted that he "accidentally skipped ahead a line while reading the teleprompter, but the lines kept scrolling and he lost his place." As a veteran director it would have been interesting to hear his thoughts...

  • Unseating Samsung: who has the stones to depose mobile’s current king?

    On its relatively speedy ascent to the position as the world’s biggest phone maker, Samsung has crushed practically every incumbent and all new comers. It's dethroned (and crushed) Nokia -- which managed to actually hold that position for about a decade. It's decimated LG, HTC, Motorola and -- to some extent -- BlackBerry too. And it hasn’t done so just because it's vertically integrated (it owns the semi-conductor fabrication plants and makes acres of LCD panels). Samsung has become king by out-Nokiaing Nokia. Its global distribution (on a broader electronics backbone that was built on its TV -- and washing...

  • The Galaxy Gear: a lifestyle device that doesn’t consider your lifestyle

    Samsung wants you to start designing your own life and rightfully so. The smartphone maker cares so much it has built devices that suit your lifestyle. The way I see it, the Galaxy Gear was developed because: one, Samsung wanted to get out a smartwatch -- sorry, "wearable tech" device -- before Apple did. Darn that competition. Two, and this probably the real reason, people have busy lives and sometimes you need a remote control for your mobile phone to access things constantly without you actually checking it. Interestingly, I thought it was the function of the mobile phone to...

  • The secret’s out: Samsung admits its gadgets are made by aliens

    'Designed for humans' maybe, but by humans? Not so much. The latest word to usher forth from Samsung HQ is that it all its innovation comes from an extraterrestrial source: specifically, it employs aliens. In the run up to electronics trade show IFA 2013 in Berlin, the electronics giant has issued a statement in response to a conspiracy theory spouted by a group called RESPECT ('Really Extra Secret People of Engineering Community of Technology') which alleges that Samsung has abducted aliens and put them to work designing its products. There's no word yet if they're the masterminds behind ideas like...

  • Samsung exec: anti-iPhone ads worked a treat

    Have you ever wondered what effect those anti-iPhone ads from the likes of Samsung and Nokia might have? Well apparently, for the Korean electronics giant, they work a treat. In an interview with AdNews Samsung Australia’s chief marketing officer Arno Lenior calls "The Next Big Thing Is Already Here" series of ads a tipping point for the company: That really did mark quite a tipping point for us globally. We were able to tell a cheeky story -- if you think about it, we’re a Korean company starting to really mess with the order of things. We’ve been able to...

  • Samsung CEO: we want Tizen on everything

    This is interesting. Over the past few years, Samsung has come to dominate the global Android and, to a lesser extent, smartphone space. But an interview with Samsung's co-CEO JK Shin suggests that the electronics giant won't always be tied at the waist to Google's mobile OS. In the interview, conducted by Cnet Korea and Cnet, Shin seems to suggest that it one day hopes to have all its devices running on Tizen -- its own Linuz-based OS. According to Shin, Tizen is a "simple alternative for Android" and, like the Google OS, could find itself running on more...

  • Samsung set for record Q2 but likely to miss analyst predictions

    It might have the lion's share of the global smartphone market, and it may be about to announce record profits for Q2, but some financial analysts see signs that Samsung's star is fading. The Korean electronics giant released an estimate for the quarter, in which it says it's likely to have an operating profit of 9.5 trillion won (US$8.33-billion). That's a record showing and largely comes down to the success of its flagship Galaxy S4 phone and strong sales from its components division. It's also a massive improvement on Q1's US$6.4-billion profit and around US$3-billion higher than the same...

  • Samsung sets up a US patent office to protect its intellectual property

    When Apple takes you to the cleaners, you get prepared it seems. Korean tech giant Samsung has announced a US$25-million venture to set up Intellectual Keystone Technology (IKT), its own Washington DC-based patents firm. According to a report from the Korea Times, the business opened its offices in March and it is the first time that Samsung has created an independent arm dedicated to just patents. "Patents are a good source of innovation and we also need to protect our intellectual property by strengthening our patent-related business," a Samsung spokesperson told the paper, confirming the US-based business. This new business...