New York [USA], Jan. 17 : Prosecutors have issued an arrest warrant for Samsung's heir apparent over allegations of bribery, perjury and embezzlement in the influence-peddling scandal that led to the impeachment of South Korean president Park Geun-hye.
The move against Samsung Electronics vice-chairman Lee Jae-yong on Monday is part of an investigation into a massive political corruption scandal that has shaken South Korea's political and business elites, reports the CNN.
Lee is set to appear on Wednesday before a judge, who will decide whether the arrest warrant is valid. If it is valid then the man tapped to head South Korea's biggest conglomerate will be taken into detention.
New Delhi[ India], Oct. 10 : Smartphone giant Samsung said that they are adjusting the production output of Galaxy Note 7 to "ensure" quality following more reports of these smartphones catching fire.
In a statement last month, Samsung said that the issue of overheating is caused by a "rare" manufacturing error that resulted in the battery's "anode-to-cathode [negative and positive electrodes]" coming into contact.
Last week, a domestic flight in the United States had to be evacuated after a replacement Note 7 started emitting smoke in the cabin. A man in Kentucky reportedly woke up to a bedroom full of smoke from a replaced Note 7 in another incident.
Samsung said it has understood the concerns of carriers and consumers about the newly released replacement Note 7 devices.
Samsung Electronics Co. has decided to pay $548 million to Apple Inc. this month in court-ordered damages. The agreement has marked that the first meaningful exchange of money from a roughly 5- year-long patent quarrel between the smartphone companies.
On Thursday, in a filing in US District Court in San Jose, Calif., Samsung said that it is going to pay the damages after the company’s latest appeal in the case got denied by a court. But, Samsung said that it could look for reimbursement from Apple on the basis of any future rulings from the US Supreme Court or the US Patent and Trademark Office.
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LoopPay which was acquired in February by Samsung recently suffered a security breach. As per an analyst the breach was done to spy than gathering consumer data for profit.
The analyst said that the worst is yet to come. Samsung acknowledging the attack on LoopPay said hackers only breached LoopPay's office network, not systems used by Samsung Pay.
The affected servers have been isolated and no personal payment information was put at risk, according to Samsung. According to the New York Times, said Ken Westin, a senior security analyst at threat-detection software company TripWire, said if the breach was carried out by the notorious Codoso Group in China it wasn’t intended to steal consumer data for sale.
According to reports, Samsung, which is a South Korean multinational conglomerate company, has secured shareholder approval on Friday for the important amalgamation of two affiliates, dealing with a tough challenge from investor activists that was led by a US hedge fund.
The victory that has been achieved after a contested proxy fight will be a big sigh of relief to the Lee family that founded Samsung Group because it is looking forward to reorganize the multiple business segments prior to transfer of power from ailing chairman Lee Kun-Hee.
At an emergency meeting on Friday, shareholders of Samsung C&T, construction firm voted in support of a takeover by de facto holding company of the group, Cheil Industries.
An image of new, ‘Plus’ version of Samsung's S6 Edge handset has been shown on Twitter. It seems that it may have a display between 5.5 and 5.7 inches, however the industrial design is almost the same.
The famous account @OnLeaks, which is also considered reliable, shows the device that is both taller and wider compared to the original S6 Edge. From dimensions released alongside the shot, it seems that it is 154.45 millimeters by 75.80 millimeters and 6.85 millimeters thick.
Some minor changes have been introduced in the larger handset. In this model, the bottom microphone has been swapped to the opposite side, and it appears that the volume buttons are slightly at different position.
There are rumors regarding next generation handsets of Samsung. Apparently, the company will come up with two variants of the phablet. One is expected to be the regular version and another with the curved display.
According to reports, the regular version will be called Galaxy Note 5; the phone will have a regular screen. The other variant, which is presently codenamed Project Zen, is expected to have a dual-edge display.
Samsung Electronics on Tuesday posted a strong quarterly profit on growing demand for memory chips and displays. The tech giant in a regulatory filing said that its operating profit increased 11.5 % quarter-on-quarter to 5.9 trillion won ($5.44 billion) in the January-March period. The profit represented a 30.5% drop from a year earlier.
The first-quarterly operating profit of the company was far above the median market forecast of 5.47 trillion won among South Korea's 21 brokerage houses.
Total sales at Samsung were estimated to be at 47 trillion won from the period of January to March. Sales were 12.44% less from a year earlier and were down 10.87% from the previous three-month period.
New Delhi: Samsung is still the leader in Indian tablet market with 19.2 per cent share in 2014, but the Korean electronics giant's grip on the segment is slipping, CyberMedia Research (CMR) said on Wednesday.
Overall, the tablet market in India fell by 9.2 per cent to 3.89 million units shipped in 2014 as compared to 2013, it said in a statement.
Of this, 1.93 million were 3G tablets, representing 49.7 per cent of the total shipments and the segment grew at 43.5 per cent as compared to 2013, it added.
"Samsung maintains lead with 19.2 per cent of the total shipments, but shows a decline in market share. Datawind and Micromax emerge at second and third spots, respectively," CMR said.
Besides, mainstream IT vendors like Lenovo, HP and Dell made significant inroads, it added.
The company recognises that it could have used a clearer language as it was clumsy, reported the Verge.
The warning however, applied only to those viewers who control their Samsung Smart TV using its voice activation feature.
It was reported that the TV sets may be listening to people in the room to try to spot commands queries that are issued via the remote.
Seoul: South Korean electronics giant Samsung Electronics Co has started domestic sales of high-end televisions powered by its Tizen operating system and plans to add washing machines, fridges and other appliances to the range of products that use the software.
Samsung said sales of Tizen-powered ultra-HD TVs began today in South Korea. The new TVs come in four sizes from 55 inches diagonally to 88 inches. The smallest model costs 5.49 million won.
The company's smartphones and tablets rely on Google's Android operating system despite its efforts to develop Tizen as an alternative.
Currently Samsung is focusing on pushing the Tizen OS into living rooms and eventually into kitchens and other corners of the home.
New Delhi: Samsung has been dethroned as the nation's largest smartphone vendor by homegrown handset maker Micromax, research firm Canalys said, but the Korean giant disputed this saying it still remains at the top.
Micromax has captured 22 percent share in the India smartphone market in terms of shipment in the October-December 2014 quarter. Samsung was pushed to the number two slot with 20 percent share, as per the Canalys report.
However, Samsung refuted the Canalys report saying it had 34.3 percent market share in the Indian smartphone market as per GfK data, which is based on actual sales numbers, putting it ahead of the domestic rival.
Washington, Jan 29 - Samsung seems to be losing on profits with the company making an operating profit of 5.29 trillion won (4.87 billion dollars) on 52.73 trillion won (48.6 billion dollars) in revenue last quarter.
According to the Verge, last year, Samsung's operating profit was 8.31 trillion won from 59.28 trillion won revenue, meaning that these latest results reveal respective dips of 36 and 11 percent.
Despite increased sales of the Galaxy Note 4, the company's mobile division is still down 64 percent year-on-year in terms of operating profit.
Samsung is now depending on processor and RAM businesses to make up for the drop in profits.
New Delhi: Buoyed by the market response to its Tizen OS-based smartphone in India, tech giant Samsung plans to manufacture the 'Z1' at its Noida facility soon.
The South Korean firm, which is the world's largest smartphone player, had launched the device earlier this month in India.
"The compelling proposition of an easy to use and clutter free interface (of Z1), along with premium design has met wide consumer acceptance... The Z1 will be manufactured in company's Noida plant in UP," Samsung India Vice President Marketing (Mobile and IT) Asim Warsi told PTI.
New Delhi, January 14 : Samsung launched the first Tizen powered smartphone in India, Samsung Z1, today in New Delhi and has priced it at Rs.5700.
Appealing to millions of potential users in India, the Samsung Z1 offers exclusive benefits for localized entertainment apps and a simple user interface that makes mobility easier and more enjoyable, even for first-time smartphone users.
Speaking at the launch, Hyun Chil Hong President and CEO, Samsung India Electronics, said, " The smartphone market in India is rapidly evolving, with many consumers using their device as their screen of choice for content including videos, television programs and video games a well as range of apps."
Washington, Jan 06 : Samsung has reportedly released a 34-inch ultra-sharp curved monitor which is being dubbed the "best that has emerged yet," a report said.
With a tack sharp resolution of 3440 x 1440 and a 3000R curvature, the SE790C Curved Monitor has deep, vivid colors and pretty fantastic viewing angles, reported The Verge.
The monitor is primarily aimed at gamers as it comes with a Game Boost feature that adjusts color and contrast depending on the scene. It also has built-in speakers.
However, customers will have to pay a hefty price for Samsung's new flagship which is launching today.
Washington, Jan 04 : Samsung is set to unveil "the most seductive TV of all time" at CES this year.
According to The Verge, while features and specs are clearly secondary to this tease, Samsung intends to attract attention with the pure sex factor of a giant, curved 4K TV.
The TV will run on Tizen , as is the case of all other smart TVs by Samsung.
More details of the TV will emerge at Samsung's CES press conference. (ANI)
Washington, Jan 01 : South Korean tech titan Samsung has edged past arch rival Apple in the American Customer Satisfaction Index despite receiving a lukewarm response to its flagship Galaxy S5 handset.
Samsung, who came under increasing pressure in the wake of declining profits, received a satisfaction rating of 81 points out of a possible 100, two points ahead of arch-rival Apple, Fox News reported.
Washington, Dec 31 : Samsung is preparing to launch its first new all-in-one desktop computer Ativ One 7 Curved that will have a curved screen just as its TVs.
Samsung has already been offering laptops and Chrome books. The idea of the Ativ One 7 Curved with 27-inch all-in-one, came partly from Samsung's TVs that already have curved screens, reported PCWorld.
The new desktop would look like a 27-inch curved TV, with all the PC components at the back of the monitor.
As with TVs, the curved display could provide a more immersive gaming and entertainment experience than conventional monitors, said David Ng, product manager at Samsung.