South Korea’s Samsung Electronics Co Ltd will consider splitting itself into two as proposed by activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source. (Reuters)
According to a new report from Strategy Analytics, global smartphone profits reached $9 billion in total during the third quarter of 2016 (ended September). While Apple leads the chart with an operating profit of $8.5 billion, Huawei comes in second with just $0.2 billion followed by Vivo and Oppo with the same operating profit numbers. (AFP)
Apple Pay is mostly known for enabling purchases at retail stores with the tap of an iPhone, although the service can also be used for online transactions on apps and websites. Apple had limited this to buying goods and services — until now.
The electronics giant previously shunned big acquisitions, and the latest deal underscores a strategic shift as the company tries to break into the high-barrier automotive industry where it has little track record.
People are silhouetted as they pose with mobile devices in front of a screen projected with a Samsung logo. (Reuters)
Samsung has received 733 reports of excessive vibration in the washing machines or the top detaching from the chassis. (Reuters)
Apple Inc’s stock on Monday jumped 2.3 percent, reaching a high not seen since December, after rival Samsung Electronics Co Ltd suspended production of its flagship Galaxy Note 7 smartphones following reports of fires in replacement devices.
China was the only market excluded from Samsung’s first recall of Galaxy Note 7s. (Reuters)
A general view shows Samsung apartment buildings amongst the Seoul city skyline on October 11, 2016. Samsung on has pulled the final plug on its troubled Galaxy Note 7 smartphone, permanently discontinuing production of the flagship device that has been mired in a disastrous recall over exploding batteries. (AFP)