|Bid||36,700.00 x 0|
|Ask||36,900.00 x 0|
|Day's Range||36,600.00 - 37,100.00|
|52 Week Range||29,750.00 - 39,700.00|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1,416.00 (3.83%)|
|1y Target Est||43,833.00|
South Korea's Supreme Court said it will rule next Thursday on whether to uphold the reduced sentence given to Samsung Group heir Jay Y. Lee or ask an appeals court to revisit a case that was part of a graft scandal that brought down the country's then-president in 2017. The 51-year old Lee was convicted of bribing Choi Soon-sil, a close friend of former President Park Geun-hye. Both Lee and state prosecutors appealed to the Supreme Court, leaving the top court with the options of either upholding the appeals court's ruling or asking it to reconsider its judgment, legal experts say.
South Korea's Supreme Court is to rule next Thursday on whether to uphold a reduced sentence given to Samsung Group heir Jay Y. Lee or ask an appeals court to revisit a case that was part of a graft scandal that brought down the president in 2017. The ruling will be a test of South Korea's pledge to reform dominant conglomerates criticised for cozy relationship with political leaders, at a time when the Asia's fourth-biggest economy is facing a series of headwinds. The 51-year old Lee was convicted of bribing Choi Soon-sil, a close friend of former President Park Geun-hye.
Apple is reportedly in the final stages of signing off on new advanced screens for its iPhones from China's top display maker, BOE Technology Group.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Huawei Technologies Co.’s founder Ren Zhengfei warned in an internal memo the company is at a “live or die moment” and advised underutilized employees to form “commando squads” to explore new projects. Workers who fail will have their salaries cut every few months and may lose their jobs, the billionaire said yesterday.Since May, Huawei has occupied the uncomfortable position of being both an established global technology brand and a member of the United States Entity List, which bars it from trading with American suppliers. Despite a series of 90-day reprieves, the latest of which came yesterday, the uncertainty caused by American sanctions has already cost the company a great deal. Even if Huawei is eventually brought in from the cold, the impact of this summer’s upheaval will be widespread and painful.The most immediate of Huawei’s losses is the international smartphone market. The company’s internal estimates show it expects to sell 60 million fewer phones in 2019 than it would have done without the U.S. impositions. In 2018, Huawei grew its mobile shipments by 34% to 206 million, according to IDC data, and in the first quarter of 2019 its pace accelerated to a 50% improvement while rivals Samsung Electronics Co. and Apple Inc. both saw shrinking sales. By the second quarter, partially affected by U.S. sanctions, Huawei’s growth had been slashed to 8.3%.Having successfully penetrated the European mobile market, Huawei was on a path to becoming the world’s biggest phone vendor, however the loss of Google’s Android, the brains inside its handsets, and the related Play Store app ecosystem made Huawei devices undesirable outside of China.Ren warned in his memo that redundant staff need to find a way to make themselves useful.“They either form a ‘commando squad’ to explore new projects -- in which case they could be promoted to company commander if they do well,” he wrote. “Or they can find jobs in the internal market. If they fail to find a role, their salaries will be cut every three months.”Read more: Huawei’s Founder Wants an ‘Invincible Iron Army’ to Fight U.S.The consumer division is, according to Huawei itself, its growth engine. Accounting for 45% of its revenue last year, the business that sells phones and other gadgets is instrumental to Huawei’s future health, and it’s taken a substantial reputation blow from all the allegations and sanctions levied against Huawei. That won’t be repaired anytime soon.On the same front is Huawei’s loss of software engineering time as it’s had to scramble to create a potential Android substitute. In the wake of the U.S. ban, the company switched to 24-hour days, working as many as 10,000 developers across three shifts and three offices to eliminate the need for American software and circuitry. Huawei ended up hurrying its HarmonyOS out this month, just to demonstrate it can code its own operating system, though it convinced very few people that it has anything approaching an Android alternative waiting in the wings.Less quantifiable but still significant will be the talent drain that Huawei suffers from the tarnishing of its global reputation and the overwork that’s resulted from its efforts to recover. The company has downsized its workforce in response to its new circumstances.Ren wrote that the company’s priorities are for employees to make “meritorious deeds” and for management “to promote outstanding employees as soon as possible and infuse new blood to our organization.”In explaining the fresh extension to Huawei’s reprieve from U.S. sanctions, Commerce Secretary Wilbur Ross said that some American telecoms are “dependent” on Huawei tech and need time to wean themselves off it. So while the Washington authorities are giving Huawei a little more breathing room, the company’s situation is still very much precarious, as its founder has indicated.Without the U.S. trade intervention, Huawei would be threatening Samsung for the crown of the world’s most prolific smartphone vendor and it would be capitalizing on its lead in 5G technology instead of counting the cost of lost customers. The company remains in a strong position, but the dynamism of its growth and the luster of its cutting-edge technology have both been diminished by the measures taken by the American government.To contact the reporters on this story: Vlad Savov in Tokyo at email@example.com;Gao Yuan in Beijing at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Peter Elstrom, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Japan has approved shipments of a high-tech material to South Korea for the second time since imposing export curbs last month, two sources said, ahead of talks by government officials this week to resolve a dispute stemming from their wartime past. In early July, Japan tightened controls on shipments to South Korea of three materials used in chips and displays, threatening to disrupt the global tech supply chain. Japan also announced a plan to remove South Korea's fast-track export status from later this month.
Japan has approved shipments of a high-tech material to South Korea for the second time since imposing export curbs last month, two sources said, ahead of talks by government officials this week to resolve a dispute stemming from their wartime past. In early July, Japan tightened controls on shipments to South Korea of three materials used in chips and displays, threatening to disrupt the global tech supply chain.
Trump said Cook "made a good case" that tariffs could hurt Apple, given that Samsung's products would not be subject to those same tariffs. Tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, are scheduled to go into effect in two stages on Sept. 1 and Dec. 15.
President Donald Trump said on Sunday that he had spoken with Apple Inc's Chief Executive Tim Cook about the impact of U.S. tariffs on Chinese imports as well as competition from South Korean company Samsung Electronics Co Ltd. Trump said Cook "made a good case" that tariffs could hurt Apple, given that Samsung's products would not be subject to those same tariffs.
It’s true, you’ve got the Galaxy Note to thank for your big phone. Of course, much of the mainstreaming of larger phones comes courtesy of a much improved screen to body ratio, another place where Samsung has continued to lead the way. Samsung didn’t do the product any favors by dropping the pretense of distinction between the Note and its Galaxy S line.
South Korean panel maker Samsung Display said on Friday it is considering suspending one of its liquid crystal display (LCD) production lines at home due to a supply glut. Samsung Display, a unit of Samsung Electronics Co Ltd, currently operates two LCD production sites in South Korea and one in China. "Samsung Display has been adjusting the production output and facility operation due to oversupply and worsening profitability, and we are still considering the suspension of the line, but nothing has been decided," the company said in a statement.
OnePlus, China’s upstart smartphone maker, is preparing a global rollout of its new 5G device this year, as it looks to expand in the US and win more customers from Huawei, Apple and Samsung. OnePlus has managed to buck the smartphone market’s decline this year, after winning rave reviews for its latest device, the 7 Pro, which sports a pop-out camera and smooth-scrolling technology.
Samsung executives have long poked fun at rivals for ditching the headphone jack in smartphones. With the new Galaxy Note 10, the company will now be doing exactly the same thing.
SEOUL/NEW YORK (Reuters) - Samsung unveiled a new version of the Galaxy Note smartphone on Wednesday with fast 5G network connection and improved camera features, hoping the premium model helps it revive slumping profit and widen the gap with struggling rival Huawei. Samsung Electronics Co Ltd has emerged as the biggest beneficiary of Huawei Technologies Co Ltd's trouble in the second quarter with a nearly 7% jump in smartphone sales, as the Chinese firm sold fewer phones in the global market after it was put on a U.S. trade blacklist in May. With emphasis on improved video and photography features, which helped Huawei become the world's No.2 smartphone vendor, Samsung hopes the Galaxy Note 10 will appeal to YouTubers and fans of social media.
With the average phone size hovering about 5.5 inches these days, Samsung clearly won that round. Today in Brooklyn, Samsung is pushing things even further, with the introduction of a new subset of Galaxy Note devices. Among other things, the introduction of a new model differentiates the line slightly from Samsung’s other flagship line.
Samsung has released its new Galaxy 10 and Galaxy 10+ phones. Yahoo Finance’s Editor-In-Chief Andy Serwer joined The Final Round and Dan Howley to discuss the phones new features.
Aug.19 -- Apple Inc. Chief Executive Officer Tim Cook shared his concerns with President Donald Trump about Samsung Electronics gaining an edge due to impending tariffs on products imported to the United States. Bloomberg's Derek Wallbank reports on "Bloomberg Surveillance."
Today's major tech stories include the reveal of Samsung's 108-megapixel mobile image sensor, Ninja blasts Twitch over the use of his offline channel and social sites facing fines in the UK over an upcoming content crackdown.
Today's major technology headlines include Samsung's Unpacked event in Brooklyn, which saw the debut of two new devices, the Note 10 and Note 10 Plus. Both phones will boast Snapdragon 855 chips, but come in two different screen sizes. Samsung also used the Unpacked event to showcase its newest notebook, the Galaxy Book S.