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Samsung Q2 results up on growth in high-end smartphones

2016-07-28 08:18:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics reported a strong increase in second-quarter results, led by the success of its high-end smartphones, and said it expects demand to improve further in the second half of the year. In line with its preliminary report, Samsung said sales rose 5 percent year-on-year to KRW 50.94 trillion, and operating profit was up to KRW 8.14 trillion from KRW 6.90 trillion a year ago. Net profit increased to KRW 5.85 trillion from KRW 5.75 trillion. Sales growth was strongest at its semiconductor division, up 6 percent to KRW 12.00 trillion, while mobile remained the largest division, up 2 percent to KRW 26.07 trillion. Consumer electronics sales also rose 3 percent, to KRW 11.55 trillion on demand for UHD and large-screen TVs, and the division showed a sharp improvement in operating profit, to KRW 1.03 trillion from KRW 0.21 trillion a year ago. Operating profit at the mobile division jumped to KRW 4.32 trillion from KRW 2.76 trillion a year ago, while profits from semiconductors were lower year-on-year.

Tags: results growth samsung smartphones

Argentina pushes affordable smartphones as part of US$5bn 4G plan

2016-07-21 02:00:00| Total Telecom industry news

Country aims to boost 4G device numbers by selling seven smartphone models for set price, payable in instalments.

Tags: part plan argentina affordable

LG expands mid-range with 4 new X series smartphones

2016-06-16 12:41:00| Telecompaper Headlines

(Telecompaper) LG Electronics announced four new X series smartphones for the mid-range market. The new phones share many of the high- end features on LG's flagship G and V series handsets, and each is designed to meet a specific user need or interest. The X power, X mach, X style and X max will start rolling out later this month in markets around the world.

Tags: x series smartphones expands

Lenovo unveils smartphones with interchangeable backs

2016-06-10 09:58:00| Telecompaper Headlines

(Telecompaper) Lenovo unveiled at Tech World 2016 the Moto Z family of smartphones with Moto Mods interchangeable backs that transform a smartphone into a battery powerhouse, a big screen projector or a boombox. The Moto Z porfolio of smartphones initially comprises Moto Z and Moto Z Force. Combined with the all new Moto Mods, one can transform their Moto Z into a speaker with the JBL SoundBoost or a 70-inch movie projector with the Moto Insta-Share Projector. There's also the Power Pack, which adds 22 hours of life to a phone and it comes in fashionable designs from partners like kate spade new york and Tumi. Lenovo also introduced the 'Moto Mods Developer Program' through which developers can create new Moto Mods.

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