Samsung Electronics

Samsung Electronics is a key subsidiary of Samsung Group, a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. It is the largest South Korean chaebol. Other key subsidiaries include Samsung Heavy Industries, Samsung Engineering and Samsung C&T.  

Samsung Electronics warns of likely 60pc profit fall for quarter

Samsung's smartphone market share has declined in annual terms for the past two quarters, squeezed by Apple at the high end and Chinese rivals at the low end. Photo: Reuters

Samsung Electronics is heading for its first annual earnings drop since 2011 after it revealed its third-quarter profit would be the lowest in more than three years and said short-term prospects for smartphones were uncertain.

Wednesday, 8 October, 2014, 5:27am

Samsung Electronics to invest 15.6tr won in Korean chip plant

Samsung's chip business is expected to be a bright spot in what analysts forecast to be an otherwise poor set of results for the third quarter. Photo: Bloomberg

6 Oct 2014 - 11:38am

Samsung eyes reforms after its probe found a supplier hired child workers

Samsung Electronics says it has zero tolerance of child labour.

Samsung Electronics, the world's largest smartphone maker, vowed to "strengthen the hiring process" at its production facilities after the South Korean company suspended a mainland-based supplier suspected of using child labour.

15 Jul 2014 - 1:31am

Samsung signals 25pc drop in operating profit

Galaxy S5s catch the eye in a store display, but Samsung's phones are finding it harder to keep the market's attention. Photo: Bloomberg

Samsung Electronics yesterday said its operating profit likely fell 24.5 per cent in April-June, the lowest in two years.

10 Jul 2014 - 11:42pm

Samsung profit slips on weak smartphone, flat-screen results

Samsung expects profits to rally in the second quarter on the back of improved sales of display panels and home appliances. Photo: EPA

Samsung Electronics reported its second consecutive fall in quarterly profit yesterday as weakness in flat-screen panels and the maturing high-end smartphone business weighed on the South Korean giant's earnings.

30 Apr 2014 - 1:08am 1 comment

HTC turns to cheaper phones for sales boost

HTC says a focus on its flagship smartphone led to mid-tier devices being neglected which resulted in disappointing sales. Photo: Reuters

Smarting from growing losses, Taiwanese phone maker HTC says it will expand its range of cheaper products as it fixes off-target marketing for its premium smartphones.

The company, which has long prided itself as a purveyor of upscale, feature-loaded products, says it needs to sell more mid-tier and affordable smartphones after losing out last year.

8 May 2015 - 12:49pm

Samsung quarterly profit falls for first time in two years as new iPhones snatch sales

Sales of Samsung's Galaxy S4 slowed after Apple's iPhone 5 came onto the market last year. Photo: Reuters

Samsung Electronics posted its first decline in quarterly profit in two years, hit by a one-off special bonus as well as slowing smartphone sales as it braces for a year of tougher competition with rival Apple.

8 May 2015 - 12:49pm

Rockstar group takes mobile firms to court

Rockstar, owned by Apple, Microsoft, Blackberry, Ericsson and Sony, paid US$4.5 billion for the patents of the bankrupt Canadian telecoms equipment maker. Photo: AP

The group that owns thousands of former Nortel Networks patents filed a barrage of patent lawsuits on Thursday against mobile-phone manufacturers including Google, the company it outbid in the Nortel bankruptcy auction.

2 Nov 2013 - 2:58am

Samsung posts record profit on strong chip division as smartphone sales growth eases

The Galaxy Gear smartwatch has not been a huge success for Samsung. Photo: Reuters

Samsung Electronics’ quarterly operating profit surged 26 per cent to a new record, powered by a strong recovery in its memory chip business as smartphone sales growth eased sharply.

25 Oct 2013 - 1:39pm

Samsung expects record third-quarter profits

Samsung is profiting from a rebound in its memory chip business even as sales of its Galaxy S4 slow in an increasingly saturated market for high-end smartphones. Photo: EPA

Samsung Electronics estimated its July-September earnings rose 25 per cent to a record US$9.4 billion as a strong recovery in memory chip prices helped counter a slowdown in the South Korean company’s smartphone business.

4 Oct 2013 - 10:41am

By going private, Blackberry may buy time to fix itself

From hero to zero... BlackBerry’s faces slumping market share and cut-throat competition. Photo: AP

A tentative deal to take BlackBerry private will not necessarily resolve challenges that pushed the smartphone maker into a corner in the first place, but it gives the struggling company some breathing room.

25 Sep 2013 - 11:23am

Oppo aims new flagship at China smartphone market

Journalists check out the latest offering from Oppo, which is seeking to lift its share of China’s smartphone market with its new flagship model. Photo: SCMP

Chinese smartphone maker Oppo will probably ship more than 15 million units in the mainland this year, with foreign expansion also picking up, a senior executive said on Tuesday.

That would put the Dongguan, Guangdong-based company on a par with Xiaomi, which has also said it would meet its 15 million units sales target this year.

24 Sep 2013 - 4:04pm

BlackBerry rescue tycoon's latest test

Investors will be watching whether Prem Watsa can achieve a turnaround at BlackBerry over the coming years. Photo: Reuters

Speculation that Prem Watsa, the man some call Canada's Warren Buffett, would launch a bid for BlackBerry started to swirl as soon as he stepped down from the troubled smartphone maker's board last month.

25 Sep 2013 - 1:56am

Once-cool BlackBerry failed to keep pace with rivals

Six years ago, the word smartphone was synonymous with BlackBerry, but the company failed to keep up with nimbler rivals like Apple and Samsung Electronics. Photo: Reuters

In just a short time, BlackBerry went from being the coolest gadget-maker on the planet to one apparently destined for the history books.

The firm, which agreed to a US$4.7 billion buyout to take the firm private, appears close to a breakup, which might salvage some parts of the once high-flying Canadian tech pioneer.

24 Sep 2013 - 9:09pm 1 comment

BlackBerry admits defeat as consortium bids US$4.7b to take it private

BlackBerry admits defeat as consortium bids US$4.7b to take it private

Smartphone maker BlackBerry has agreed to go private in a US$4.7 billion deal led by its biggest shareholder, allowing the on-the-go email pioneer to regroup away from public scrutiny after years of falling fortunes and slumping market share.

24 Sep 2013 - 8:52pm