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Samsung sees smartphone market slowing in 2016

2016-01-28 08:35:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics reported a fall in net profit for the fourth quarter, to KRW 3.22 trillion from KRW 5.35 trillion a year ago. Operating profit rose to KRW 6.14 trillion from KRW 5.29 trillion a year earlier, and quarterly revenues were up 0.5 percent year-on-year to KRW 53.32 trillion. The weak sales growth was due to lower revenues from consumer electronics and mobile phones, while the semiconductor and components business continued to grow. Sales at the mobile division fell to KRW 25.00 trillion from 26.29 trillion a year earlier, while operating profit improved to KRW 2.23 trillion from 1.96 trillion. Samsung said it saw higher shipments of the Note 5 as well as its mid-range A series phones, and tablet shipments were also higher on a quarterly basis due to strong seasonality. For the first quarter, Samsung said smartphone and tablet demand will decline due to normal seasonal patterns, while its own earnings should improve thanks to new models and a better product modex. Shipments will decrease slightly due to weak seasonality and discontinuation of old models. For the full year 2016, Samsung expects only single-digit growth in the smartphone and tablet market and strong competition. 

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Samsung Life to buy Samsung Electronics' entire stake in Samsung Card - media

2016-01-28 06:19:23| Electronics - Topix.net

Jan 28 Samsung Life Insurance Co Ltd will buy sister company Samsung Electronics Co Ltd's entire stake in affiliate Samsung Card Co Ltd , South Korean online publication Money Today reported on Thursday. The life insurer's board plans to vote on Thursday on buying Samsung Electronics' 37.5 percent stake in the Samsung Group credit card business, Money Today reported, citing unidentified sources in the financial industry and wider industry in general.

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Samsung hit by slowing smartphone sales

2016-01-28 02:39:31| BBC News | Business | UK Edition

Samsung Electronics has been hit by falling sales for its smartphones as cheaper competitors erode market share.

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Samsung warns on 2016 profit as smartphone demand softens

2016-01-28 01:00:00| Total Telecom industry news

South Korean vendor sees challenging conditions ahead in IT industry; outperforms Apple in Q4 smartphone shipments.

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Living with Samsung Gear VR: A little something for everyone

2016-01-27 15:28:12| Extremetech

If you're curious about VR and have a high-end Samsung phone, Gear VR is a great way to experiment. There is plenty of content, and the user experience is very similar to what you'd get with an early Oculus developer model.

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