Samsung does well even in pandemic, posts 58% higher operating profit for Q3 2020

Samsung has just released its earnings guidance for the third quarter of 2020. According to its own expectations, the company will likely post consolidated sales of KRW 66 trillion (around $57 billion) and an operating profit of KRW 12.3 trillion (around $10.63 billion). However, these are not the final numbers, and the South Korean firm will […]

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Samsung to start production of TVs in India from December

Samsung has reportedly told the Indian government that it will start manufacturing TVs locally from December 2020. Until then, the company is seeking approval to import TVs to India to ensure business continuity is not impacted, especially during the country’s upcoming festive season. The South Korean firm used to import display panels to India and […]

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Samsung’s latest sales promotion offers 25% cash back on various devices

Samsung has launched a new sales promotion in the USA that allows customers to get 25% cash back on select products. Samsung calls it the Total Home Event and customers can take advantage of this offer until October 3. However, you won’t get 25% cash back on any device when you go to checkout; instead […]

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Samsung is looking to assemble more of its smartphone cameras next year

It might not be necessary to have three or four cameras on nearly every smartphone model, but you can be certain that the trend will continue as OEMs consider their cameras to be one of the main differentiating factors between brands and models. Samsung is not going to stop the triple/quad-camera trend anytime soon, and […]

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Samsung to skip QD-LED TVs next year while China’s TCL leads the foray

A few months ago we talked about Samsung Electronics and Samsung Display being at odds regarding the use of QD-LED (Quantum Dot LED) technology. There were reasons to believe that Samsung may be skipping QD-LED technology next year, and now our suspicions have seemingly been confirmed by a new report claiming that Chinese TV manufacturer […]

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Samsung collaborates with Intel, HP, and SK Telecom in commercializing 5G virtual networks

SK Telecom announced earlier today that it has joined hands with Intel, HP, and Samsung to commercialize 5G virtual networks. The companies have collaborated for the development, deployment, and establishment of virtualization process standards. Recently, Samsung had started offering 5G vRAN (Virtualized Radio Access Network) solutions to network carriers for easier cost and network optimizations. As […]

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Samsung Electronics’ profit could cross $8.42 billion in Q3 2020

Samsung Electronics’ operating profit is expected to cross KRW 10 trillion (around $8.42 billion) in the third quarter of 2020. Analysts expect the market to recover from the COVID-19 downfall that was experienced in Q1 and Q2 of this year. The South Korean firm could see recoveries in the sales of home appliances, smartphones, and […]

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Samsung’s lost smartphone shipment figures to be fully recovered in 2021

Samsung is expected to maintain leadership in terms of global smartphone shipments this year and the company is likely to strengthen its position even further in 2021 as the market should recover with the help of 5G and foldable phones. According to Pulse citing research firm Strategy Analytics, Samsung is expected to reach 265.5 million […]

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Samsung Electronics collaborates with Corning to develop its own foldable glass

Samsung Electronics’ newer generation foldable smartphones, the Galaxy Z Flip and the Galaxy Z Fold 2, use Ultra Thin Glass (UTG) that has been developed by Samsung Display. However, the company has plans to develop its own foldable glass technology, and to that end, it has collaborated with Corning. Samsung is at the forefront of […]

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Samsung’s brand value in Korea is higher than other brands combined

Samsung Electronics’ brand value in its home country is up 2% compared to last year and it’s the highest among any other South Korean companies. Samsung’s brand value in 2020 was estimated at roughly 67.7 trillion won ($57.1 billion), according to a recent report by Yonhap citing brand consulting firm Interbrand.This is an impressive feat […]

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Samsung reports strong Q2 2020 results on the back of strong chip, display sales

After it released its earnings guidance for Q2 2020 earlier this month, Samsung has announced its financial results for the quarter. The South Korean company reported that its consolidated sales were around KRW 52.97 trillion (around $44.48 billion) during the second quarter of 2020 and its operating profit stood at KRW 8.15 trillion (around $6.84 […]

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Samsung Electronics and Samsung Display are at odds regarding QD-LED

Contrary to what industry watchers were hoping for earlier this year, Samsung Electronics might not be the first Samsung Display client to adopt the latest Quantum Dot (QD-LED) technology for its TV lineup. Samsung Electronics’ sister company, Samsung Display, aims to start pilot production of its QD-LED panels in the first quarter of 2021, with mass […]

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Samsung says it’s ‘Time to Rethink Privacy’ at Security Tech Forum 2020

Samsung has launched the official trailer for its upcoming Security Tech Forum 2020 (SSTF 2020), inviting people to check out the future of security & privacy come August 18. On that date, Samsung will be live streaming the Security Tech Forum 2020 and anyone who may want to participate to the online event can register […]

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Samsung might start selling small appliances if it acquires Philips’ arm

Samsung Electronics might soon start selling you small kitchen appliances such as coffee makers and toasters, according to industry watchers who believe that the Korean tech giant might be acquiring Philips’ domestic appliance business.Samsung hasn’t revealed any official plans on the matter, however, Dutch conglomerate Philips already confirmed that it’s looking to sell its domestic […]

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Samsung is the second-biggest chipmaker in the world

Samsung, the world’s biggest memory chip maker, is also the second-biggest firm in the semiconductor segment in terms of market capitalization. The latest data shows that the South Korean company’s market value is $261.9 billion as of last week. The company is only behind TSMC in terms of market value.Despite a drop in the share […]

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Samsung could allow more employees to work from home

Samsung Electronics is reportedly considering expanding its remote working program to more employees going forward due to the ongoing COVID-19 pandemic. According to a new report, the company recently surveyed its consumer electronics business division workers on work-from-home solutions.Earlier, the South Korean tech giant only allowed those employees to work from home who showed symptoms […]

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Samsung to spend $83.2 million in 2020 to develop better chip and display tech

Samsung has announced that it plans to spend KRW 100 billion (around $83.2 million) to boost the cooperation between academia and the industry so that better display and semiconductor technologies could be developed. The South Korean tech giant also said that it plans to expand its academia-industry cooperation program in the field of basic sciences […]

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