Samsung has published the earnings guidance for the recently concluded first quarter of 2014. The estimates are based on K-IFRS where the consolidated sales are around 53 trillion won while consolidated operating profit stands at 8.4 trillion won. Just like every time, Samsung announces earnings guidance ahead of the quarterly result to give a heads […]
Misc.
Samsung to setup 4,000 company outlets in smaller towns of India
With Indian companies like Micromax, Karbonn and Lava gaining ground in smaller Indian cities, Samsung will try to combat them with its own set of exclusive stores. The Korean company plans to open 3000-4000 stores in towns that have a population of less than 100,000. According to Samsung India’s country head, Vineet Taneja, they’re planning […]
India’s top court orders Samsung chairman to appear before a lower court
India’s Supreme Court issued an order to Samsung’s chairman, Lee Kun-hee to appear for a case before a lower court. Lee Kun-hee will have to be present in the Ghaziabad court to avoid arrest within six weeks and to “seek bail and/or exemption from appearance in accordance with law.” The Supreme Court directive came after […]
Samsung to roll out Smart Home service in Korea and US
Samsung has confirmed that its home automation service – Smart Home will first be launched in the South Korean and US market. After syncing with the Samsung account, consumers will be able to control multiple devices simultaneously through the Smart Home app. As an example, Samsung says a user can simply say “Good Night” to […]
Apple does not infringe Samsung patent says Japan court
Tokyo District Court today ruled that Apple won’t have to pay any damages to Samsung as the iPhone maker didn’t infringe on any Samsung patent. Samsung claimed Apple’s iPhone 4s, iPhone 4 and iPad 2 infringed their data communication patents but Judge Koji Hasegawa thought otherwise. Expectedly, Samsung is not happy with the verdict and […]