Samsung Electronics announced its second-quarter financial results. The company saw a consolidated revenue of KRW 56.13 trillion in the quarter with KRW 6.6 trillion operating profit. The decline in the profit can be attributed to the slowing sales of smartphone and price declines in the memory chip market. However, the Network Business posted good results […]
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Samsung publishes Q3 2018 Earnings Guidance
Samsung today released its earnings guidance for the recently concluded third quarter. According to the figured based on K-IFRS, Samsung is expecting the consolidated sales to reach around 65 trillion Korean won with an operating profit of approx. 17.5 trillion Korean won. The numbers are looking slightly better than what Samsung reported in the last […]
Samsung inaugurates world’s largest mobile experience center in India
Exclusive stores seem to be the need of the hour for brands in India and Samsung just went all-in with the new mobile experience center. Locate in Bengaluru, India, Samsung Opera House is a 33,000 sq ft property will be the world’s largest mobile experience center that will showcase “differentiated product experiences” built around Samsung […]
Samsung and Apple settle 7-year long legal dispute
What started as a high-profile legal tussle between two tech giants in 2011 has fizzled out and come to its logical conclusion. Both Samsung and Apple have confirmed to end their patent fight against each other and reached a settlement at a court in federal court in San Jose, California. The exact details are not […]
Samsung publishes earnings guidance for Q1 2018
Samsung today released their earnings guidance for the first quarter of 2018. According to the estimates based on K-IFRS, Samsung reached consolidated sales of 60 trillion won with an operating profit of 15.6 trillion won, which in comparison to the last quarter is more or less the same but around 20 percent growth year-on-year. These […]