Tag Archives: Samsung Electronics

South Korea’s tech giant Samsung Electronics said on Thursday its operating profit rose 53.3 percent in the fourth quarter of 2021. The record sales helped overcome pandemic-induced supply chain challenges.One of the world’s biggest smartphone makers said its operating profit rose to 13.87 trillion won ($11.55 billion) for the October-December period last year. The registered profit came up from the ...

Earlier today, LG Electronics said it would close down its smartphone business that has only amounted to more losses than profits. In January, the South Korean tech giant said it looked at all options for the division after six years of losses totalling $4.5bn. The company had made large innovations in terms of smartphone development, some of them including ultra-wide-angle ...

Prosecutors in South Korea have seized the house of former president Park Guen-Hye. They will auction it off due to her failure to pay a $19 million penalty for corruption.In 2017, after anti-corruption protests centred on allegations that she let a shadowy confidante meddle in state affairs, she faced impeachment. The state subsequently jailed her for 20 years for bribery ...

Even the most hardcore Galaxy Note 7 buyer will have to admit defeat and turn in the potentially faulty phablet, as Samsung and its partners have now begun to disable the handset. But Galaxy Note 7 lovers should be happy to hear that next year’s Galaxy S8 may ship with the Note 7’s hottest feature. Check also: Samsung stops production of Galaxy Note7 ...

Samsung is increasing its focus on the connected car after the Korean firm announced plans to buy auto and audio product maker Harman in an all cash deal worth $8 billion. Check also: Samsung stops production of Galaxy Note7 You may best associate the name with audio equipment, but Harman is big on cars, too. The acquisition is Samsung’s largest to date and a big ...