Post Thumbnail

As Samsung predicted, Q4 2012 was another big one for the company with 8.84 trillion won ($8.27 billion) in operating profits, around double what it reported for the same period back in 2011. Overall revenue was also up, showing a gain of 18.5 percent from the same period last year for a total of...

January 24th 2013 at 7:30pm 0 Comments
Post Thumbnail

Samsung set the bar a little lower than the final mark when it told investors its expectations earlier this month, posting $7.4 billion in operating profits for Q3 and $5.97 billion in net income. This handily bests the $7.28 billion profit it told investors to expect, nearly doubling what it made...

October 25th 2012 at 8:02pm 0 Comments
Post Thumbnail

Vice Chairman Kwon Oh-hyun is about to become a very busy man, having been tasked with handling "corporate-wide affairs" as Samsung's new CEO while also continuing at the helm of the manufacturer's components business. He'll replace current CEO Choi Gee-sung, who'll take on a role looking for "futu...

June 7th 2012 at 4:46am 0 Comments
Post Thumbnail

It's been less than a month since Samsung confirmed that it would be spinning-off its LCD business into a separate company, and it looks like things are proceeding along speedily. The company's shareholders have now approved the spin-off, paving the way for the tentatively-titled Samsung Display C...

March 16th 2012 at 1:46pm 0 Comments
Post Thumbnail

Gartner announced today that Apple became the world's biggest buyer of semiconductors in 2011, leaping ahead of both Samsung Electronics and Hewlett-Packard. As Macworld notes, PC and phone vendors' semiconductor spending is related to sales of their finished products. Apple's spending on semicond...

January 24th 2012 at 3:00pm 0 Comments
Post Thumbnail

It's taken the pair a fair few months to hammer down the details, but it's finally official: Seagate now holds the figurative keys to Samsung's hard drive business. According to the press release, Seagate will retain some Samsung employees as well as gaining access to the electronics manufacturer...

December 20th 2011 at 7:56am 0 Comments
Post Thumbnail

Add together ten million Galaxy S IIs, a dollop of Galaxy Nexii, a gargantuan gathering of Galaxy Notes and a healthy serving of Badas, and what do you get? 300 million handset sales so far in 2011, that's what. And Samsung claims that makes this the best year in its mobile-making history, surpassin...

December 12th 2011 at 7:20am 0 Comments
Post Thumbnail

We're firmly of the belief that SSDs are our future and Samsung would seem to agree. The Korean electronics giant has just announced that it's selling its hard disk drive-manufacturing arm to Seagate Technology for a neat $1.375 billion in equal measures of cash and stocks. As a result, Samsung Ele...

April 19th 2011 at 5:04am 0 Comments