By Julia Love and Deborah M. Todd Samsung Electronics’s abandonment of the Galaxy Note 7 due to safety concerns will likely touch off a turf war among Android smartphone makers, analysts said, presenting them a rare opportunity to gain share but with less room for archrival Apple Inc. Consumers tend to commit to their choice between Apple’s iOS operating system for smartphones and Google’s Android, leaving Samsung’s […]
The Supreme Court is raising serious doubts about a $399 million judgment against smartphone maker Samsung for illegally copying parts of the patented design of Apple’s iPhone. Justices hearing arguments Tuesday in the long-running dispute seemed troubled that Samsung was ordered to pay all the profits it earned from 11 phone models even though the features at issue are just a tiny part of the devices. But […]
In just over two months, Samsung’s Galaxy Note 7 has gone from smartphone star to epic failure, with the South Korean firm confirming today that it is permanently halting production of the device. Linked to numerous battery-related fires, the Galaxy Note 7 could end up costing Samsung many billions of dollars. Launched in early August, the Galaxy Note 7 appears to have had a flaw that caused […]
By Se Young Lee | SEOUL SEOUL Samsung Electronics’ (005930.KS) worst-ever recall could cost the company as much as $17 billion after it halted sales of its flagship Galaxy Note 7 for a second time, spelling an almost certain end for the ill-fated premium model. Samsung announced the recall of 2.5 million Note 7s in early September following numerous reports of the phones catching fire and on […]
By Greg Roumeliotis and Liana B. Baker Salesforce.com Inc (CRM.N) is still deliberating whether it should make an offer for Twitter Inc (TWTR.N) in the face of resistance from Salesforce shareholders over the strategic merits and valuation of such a deal, people familiar with the matter said on Monday. Twitter shares have lost as much as a third of their value since Oct. 5 on concerns the […]
By Noel Randewich | SAN FRANCISCO SAN FRANCISCO Apple Inc’s (AAPL.O) stock on Monday jumped 2.3 percent, reaching a high not seen since December, after rival Samsung Electronics Co Ltd (005930.KS) suspended production of its flagship Galaxy Note 7 smartphones following reports of fires in replacement devices. Fires in the smartphones that were meant to replace devices that had been recalled because of their propensity to explode […]
BEIJING Samsung Electronics Co Ltd, the world’s biggest smartphone maker, said on Thursday more than 1 million people globally are now using Galaxy Note 7 smartphones with batteries that are not vulnerable to overheating and catching fire. Samsung on September 2 initiated a voluntary global recall of at least 2.5 million Note 7 smartphones due to faulty batteries causing some of the flagship devices to […]
By Ankur Banerjee Samsung Electronics Co Ltd (005930.KS) formally recalled 1 million Galaxy Note 7 smartphones sold in the United States, replacing or refunding the flagship phones, whose susceptibility to catching fire has damaged the image of the Korean powerhouse. Samsung received 92 reports of batteries overheating in the United States, including 26 reports of burns and 55 cases of property damage, the company said as it […]
By Se Young Lee | SEOUL SEOUL Samsung Electronics Co Ltd’s shares fell to their lowest level in nearly two months on Monday after the tech giant told customers to switch off and return their new Galaxy Note 7 smartphones due to fire-prone batteries. Investors had wiped 15.9 trillion won (14.3 billion) off the South Korean firm’s market capitalisation as of 0303 GMT, as […]
By Se Young Lee and Jeffrey Dastin | SEOUL/NEW YORK SEOUL/NEW YORK A U.S. government safety agency on Friday urged all consumers to stop using Samsung Galaxy Note 7 phones, which are prone to catch fire, and top airlines globally banned their use during flights. Following reports that the phones’ batteries have combusted during charging and normal use, the U.S. Consumer Product Safety Commission […]
Apple announced its newest iPhones, the 7 and 7 plus, which are water and dust resistant. Analysts say the new iPhones could help Apple recover modestly from a recent dip in sales. But with few expected dramatic changes from previous models, Apple watchers aren’t expecting the kind of big spikes in consumer demand that the company saw two years ago, when it introduced larger screens. Apple sold […]
By Se Young Lee | SEOUL SEOUL Samsung Electronics Co Ltd (005930.KS) will replace all Galaxy Note 7 smartphones equipped with fire-prone batteries and halt sales of the flagship product in 10 markets, a devastating blow for what had been a revival in the firm’s mobile business. Koh Dong-jin, head of the South Korean company’s smartphone business, spoke at a news conference jam-packed with reporters and cameras […]
SEOUL South Korean tech giant Samsung Electronics Co Ltd said on Tuesday it will start selling its third smartphone powered by the company’s own Tizen mobile operating system in India next week. The Z2 phone, equipped with a 4-inch screen and India-specific features such as a safety mode for motorcyclists, will be the cheapest Tizen phone Samsung has launched to date at 4,590 rupees ($68.44). […]
Beginning “as early as next year,” Samsung may start selling refurbished smartphones directly to consumers. The new resale program is aimed at strengthening Samsung’s earnings as global phone sales slow down, according to report today citing “a person with direct knowledge of the matter.” Offering lower-cost refurbished phones could also help Samsung better compete against Chinese manufacturers whose cheap devices have cut into its sales, especially in […]
UAE. A new study released today by global strategy and management consulting firm A.T. Kearney concludes that autonomous driving will trigger the 21st century’s first major wave of growth. Key findings from the report, ‘How Automakers Can Survive the Self-Driving Era’, are based on interviews with more than 150 automotive decision-makers around the world. A.T. Kearney consultants sought to identify the products, services and partner strategies with […]
Starting Sunday, AT&T is launching new wireless plans that it said will eliminate data overage charges for customers. Instead of generating extra fees once they exceed their monthly data caps, the network speeds of customers with Mobile Share Advantage plans will be slowed down to limit further data consumption. Verizon, the largest wireless company in the U.S., made similar changes to its mobile plans last month with […]
Has Samsung finally come up with a giant killer of a mobile device that can give it genuine leverage against Apple in that market? If the early reviews of the Galaxy Note 7 are any indication, that just might be the case. The Samsung Galaxy Note 7, set for release this week, has drawn almost unanimously positive reviews from technology media outlets. The Galaxy Note 7 is […]
The newest smartphones in Samsung’s Galaxy line come with contactless mobile payment capability. That’s good news when it comes to convenience, but it might be bad news when it comes to security. During a presentation given recently at the Def Con security conference in Las Vegas, a computer science student demonstrated a variety of attacks against Samsung Pay, Samsung’s mobile payment service. The attacks Mendoza described were […]
Recently uncovered security flaws could mean trouble for owners of devices that run the Android operating system. Researchers at security firm Check Point recently discovered the vulnerabilities, together labeled Quadrooter, which may affect as many as 900 million Android devices. Speaking about the discoveries last week at the Def Con security conference in Las Vegas, Adam Donenfeld, Check Point’s lead mobile security researcher, revealed four new privilege […]
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, July 28, 2016. Reuters/Kim Hong-Ji/Files SEOUL Samsung Electronics Co Ltd on Wednesday unveiled a new Galaxy Note smartphone with a curved screen and iris-recognition technology, seeking to build on the sales momentum that has helped it roar back to surging profit growth. Samsung, the world’s top smartphone maker, saw its January-June mobile profit […]
The good news is that most of the people who buy the Apple Watch like the product. The bad news is that not as many are buying the device as last year. Although the Apple Watch is still the leader in the new world of smart watches, holding a 47 percent market share in 2016, that figure is down from the 72 percent share it held in […]
Seldom does a week go by without news, rumors and speculation about new phones, but the past week was especially busy with smartphone chatter. Apple, Motorola and Samsung have all been in the headlines over the past several days regarding phones they have in the works. Apple iPhone 7 Leaks A few days after photos appeared of the upcoming iPhone 7, a video emerged that seemed to […]
Reuters/Tyrone Siu/File Photo SEOUL South Korea’s LG Electronics Inc (066570.KS) said on Friday its second-quarter operating profit likely reached a two-year high, with analysts pointing to strong contributions from its mainstay home appliances and television set businesses. The world’s second-biggest TV maker by market share, behind compatriot Samsung Electronics Co Ltd (005930.KS), said in a regulatory filing that April-June profit was likely 585 billion won ($504 million), […]
At its Tech World event in San Francisco yesterday, Lenovo unveiled a prototype of a phone that can bend around your wrist, as well as a concept tablet that can fold to act as a regular smartphone. The devices, not yet ready for market but rather “a sign of things to come,” add Lenovo to the small but growing list of companies, led by LG and Samsung, […]
