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 […]
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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 […]
Samsung heir freed from prison after successful appeal
In an interesting turn of events, South Korean court today suspended jail term of Samsung Group’s heir and Samsung Electronics vice chairman, JY Lee (Lee Jae-yong). Lee had appealed the sentence, after which the court decided to reduce the sentence to 2.5 years and probation of four years. Lee’s arrest last year had major ramifications […]
Samsung expands patent agreement with Qualcomm, will collaborate to develop different technologies
Samsung and Qualcomm today announced that the global patent cross-license agreement between them now extends to Samsung mobile devices and infrastructure equipment and as part of the agreement, Samsung will withdraw its interventions in Qualcomm’s appeal of the KFTC decision in the Seoul High Court. They’ve also announced a multi-year strategic relationship agreement wherein both […]
Samsung posts Q4 2017 financial result
Samsung today announced its financial result for the full 2017 and Q4 2017 ending on December 31, 2017. According to Samsung, they posted a consolidated revenue of 65.98 trillion won and an operating profit of 15.15 trillion won for the fourth quarter of 2017. If we talk about the full year, Samsung recorded 239.58 trillion […]