Samsung’s declining profits has resulted into freezing pay for its employees for 2015. The freezing of salary will be in effect for 2015 but the salaries won’t affect performance driven incentives that depends on profits. This is the first time since 2009 Samsung has frozen the salaries of its employees. According to Yonhap News’ source, […]
Misc.
Samsung acquires LoopPay
Samsung is transforming its existing relationship with LoopPay into something more substantial as they’ve confirmed to buy the US-based company. The amount of money exchanged is unknown but it reiterates Samsung’s intentions to bring mobile payment to its future lineup of smartphones. In fact, Samsung’s Galaxy S6 is rumoured to be the first smartphone to […]
Samsung looking to sell its stake in Japanese building
In a bid to consolidate its expenses, Samsung is looking to sell its majority stake in a building located in Tokyo. The report by Wall Street Journal claims Samsung will most likely move out of the 27-storey building in Roppongi in Tokyo by end of March by selling an undisclosed share from its 57 percent […]
Samsung publishes Q4 2014 result
Earlier today, Samsung published their financial result for the recently concluded Q4 2014 quarter. Samsung recorded a revenue of 52.73 trillion won, an 11 percent increase quarter-on-quarter (QOQ). The operating profit for the quarter stood at 5.29 trillion won, compared to 4.06 trillion won from Q3 2014. Samsung says the financials improved this quarter due […]
Samsung will reportedly supply chips for new iPhone
Every year, there’s a speculation as to who’ll supply the application processor to Apple for their upcoming iPhone and this year Maeil Business Newspaper seems to have a confirmation from their source that Samsung will supply the AP for Apple’s next smartphone flagship. According to the paper, Samsung will supply up to 75 percent of […]