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Samsung recalls the Galaxy Note 7 after reports of batteries exploding. The company offers to replace the phones soon.
Apple chief executive Tim Cook believes that "over the arc of time" China is a huge opportunity for his pathbreaking company. But time looks to be on the side of rival Samsung Electronics Co Ltd, which has been around far longer and penetrated much deeper into the world's most populous country.
GUANGZHOU, China/SEOUL (Reuters): Apple Chief Executive Tim Cook believes that "over the arc of time" China is a huge opportunity for his pathbreaking company. But time looks to be on the side of rival Samsung Electronics Co Ltd, which has been around far longer and penetrated much deeper into the world's most populous country.
Overtaking Apple Inc as the world's leading smartphone maker has stretched Samsung's in-house supply lines.
SEOUL: Samsung Group, South Korea's leading conglomerate, has no 'Plan B' for taking big decisions if its billionaire de facto leader Jay Y. Lee is jailed for corruption, people familiar with the matter said
SEOUL: Tech giant Samsung Electronics Co Ltd <005930.KS>, under pressure from shareholders to improve investor returns, said on Tuesday it will consider creating a holding company in what would be the biggest shake-up in its 47-year history
SEOUL: Samsung Electronics Co halted sales of its Galaxy Note 7 smartphones and asked consumers to stop using the ones they’ve already purchased, another blow to South Korea’s largest company as it struggles with a crisis over exploding batteries. Shares plunged, cutting US$17bil from its market value.
SYDNEY/SEOUL: Smartphone leader Samsung Electronics has for years been a spectator as Apple built a services "ecosystem" supporting its products. But now, as the two develop the market for mobile payments, the Korean tech giant is taking the fight to its U.S. archrival.
SEOUL: Samsung Group's de facto holding company on Tuesday sought another cornerstone as it reconstructs South Korea's biggest conglomerate to smooth the path for management succession, offering more than US$8 billion to buy an affiliate with a key stake in flagship firm Samsung Electronics.
SAN FRANCISCO: Samsung Electronics Co Ltd on said on Wednesday it will release a folding smartphone in April that works with the next-generation 5G networks and will cost almost $2,000, a move to entice consumers to upgrade their phones.