Apple Overtakes Samsung as Top Smartphone Seller Amid Market Challenges
In a notable shift, Apple has surpassed Samsung to become the world’s largest seller of smartphones, ending Samsung’s 12-year reign at the top, according to a report from the International Data Corp (IDC). The report indicates that Apple commanded a 20% market share in 2023, while Samsung finished the year with a 19.4% share. The […]
U.S.’s assault on China’s chip industry will not affect Samsung or SK Hynix
Insiders revealed the Biden administration intends to exempt SK Hynix (005930.KS) & Samsung (005930.KS) from the impact of new Chinese memory chipmaker limitations intended to impede Beijing’s technology ambitions and hinder its military development.According to the sources, requests from American suppliers to send equipment to Chinese companies like Yangtze Memory Technologies Co Ltd (YMTC) as […]
Samsung electronics Q1 profit tops market expectations
Samsung Electronics Co Ltd reported that an estimated 50% jump in quarterly operating earnings to post its highest first-quarter profit since 2018. This beats up the expectations as solid demand underpinned prices for memory chips. Earnings at the world’s largest memory chip and smartphone maker were also supported by brisk smartphone sales in the quarter. They […]
Samsung bets on Europe 5G orders to grow network equipment business
Samsung Electronics is banking on Europe to maintain growth momentum in its network equipment business. This is stated by a senior executive, as 5G rollout widens and industry leader Huawei Technologies of China focuses on its domestic market. Samsung is the global number one South Korean company to produce chips and smartphones. In 5G network equipment […]
Samsung will attend Barcelona’s World Mobile Congress remotely
One of the famous South Korean mobile handset manufacturing company is Samsung Electronics. It made an announcement stating that they will not be present at the World Mobile Congress in Barcelona next month. This announcement is based on the current Covid situation. It became the latest major company to decide to attend the event remotely, due […]