Samsung Pay has been off to a great start, at least in Samsung’s home market. The company has confirmed today that their total number of users in South Korea have surpassed the million mark, in just over 2 months after the service started on August 20. Till now, Samsung Pay has processed payments over 100 […]
Misc.
ITC says Samsung does not infringe Nvidia’s patents
Last year, Nvidia filed a complaint against Samsung and Qualcomm alleging infringement of its graphics related patent. Now the US ITC has confirmed that Samsung is clear of the infringement. In fact, Samsung was found infringing one patent from Nvidia but deemed it invalid as “it was not a new invention compared with previously known […]
Report: Samsung Pay’s underlying tech was apparently hacked
Samsung Pay has been getting some favourable reviews, thanks to its ease of use and wide compatibility but this report by NY Times doesn’t bode well for the Korean giant and its payment service. According to the report, LoopPay, which Samsung bought and now uses their technology in its Samsung Pay service, was hacked by […]
Samsung announces Q3 2015 Earnings Guidance
Samsung today released its earnings guidance for Q3 2015 that ended last month. Compared to the last quarter, Samsung expects a rise in the earnings and estimates the figures to reach around 51 trillion won for consolidated sales and 7.3 trillion won for operating profit. The estimates are based on K-IFRS system and are provided […]
Samsung may lay off 10 percent of its staff in Korea
The last few quarters have been tough for Samsung and given the position the company is in, Samsung may look to axe a considerable amount of workforce. According to a Korean newspaper, Samsung is looking to lay off 10 percent of its employees at its headquarters in South Korea. As of June 30, 98,999 employees […]