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Gamescom 2017 officially opened by Angela Merkel

Mark Peters : 2017-08-22 23:50:00
German Chancellor Angela Merkel has opened Gamescom 2017: Gamescom 2017 has officially been opened: Chancellor Dr Angela Merkel spoke today before around 350 invited guests and more than 150 journalists at the start of the world's largest event for computer and video games on the Cologne fair grounds. In her speech, she acknowledged the special importance of digital games and the games industry for the business and digital location of Germany. Prior to this, Armin Laschet, Minister-President of North Rhine-Westphalia, emphasized the importance of computer and video games for his federal state and the Gamescom in Cologne as a flagship for the digital economy of North Rhine-Westphalia.

Nashville-based Thiel Audio appoints new CEO

Mark Peters : 2017-08-22 22:15:00
Thiel Audio Names Elyse McKenna CEO : Thiel Audio announced today that Elyse McKenna has been named Chief Executive Officer. Thiel Audio Products, Inc. is a Nashville-based audio technology and entertainment company with a 40-year heritage of award-winning sound and design. McKenna first joined the company in March 2017 as Director of Strategic Partnerships, and she is focused on the rollout of the company’s first wireless streaming speakers for the home, the AURORA Home and the AURORA Tour, as well as the promotion of Thiel Studios, the company’s showroom and event space in Nashville. Thiel Audio Products, Inc. is a Nashville-based audio technology and entertainment company with a 40-year heritage of award-winning sound and design.

Samsung Electronics publishes Q2 2017 results

Mark Peters : 2017-07-28 21:48:00
Samsung headquarters reports financial results for Q2 2017 : Samsung announced financial results for the second quarter ended June 30, 2017. Samsung’s revenue for the quarter was KRW 61.00 trillion, an increase of KRW 10.06 trillion YoY, while operating profit for the quarter posted a record KRW 14.07 trillion, an increase of KRW 5.92 trillion YoY. In Q2 2017, the components businesses drove significant earnings growth, both YoY and QoQ, thanks primarily to strong memory demand for high-density DRAMs and SSDs for servers. System LSI contributed to earnings through increased sales of AP and CIS products while the Display Panel business expanded sales of flexible OLED panels for premium smartphones and high-value LCDs under stable market prices.

Samsung Mobile Division reports financial results

Mark Peters : 2017-07-28 16:16:16
Q2 2017 Financial results for Samsung Mobile Division : The IT & Mobile Communications (IM) Division posted KRW 30.01 trillion in consolidated revenue and KRW 4.06 trillion in operating profit for the quarter. Samsung’s earnings significantly increased QoQ driven by the strong sales of the Galaxy S8 flagship phones. These premium smartphones have outsold the Galaxy S7 series in almost all regions, thanks to the new Infinity Display design and enhanced features including water and dust proofing and iris recognition. The overall product mix also improved as the sales proportion of the Galaxy S8+ accounted for over 50 percent of the total Galaxy S8 series. Despite the strong sales performance of premium smartphones, Samsung’s total phone shipments remained at a similar level QoQ, due to decreased sales of mid- to low-end products.

Samsung Semiconductor financial results Q2 2017

Mark Peters : 2017-07-28 13:17:00
Samsung Semiconductor maintains strong performance in Q2 : Samsung Korea has published financial results for Q2 2017. The semiconductor business posted KRW 8.03 trillion in operating profits on consolidated revenue of KRW 17.58 trillion for the quarter. The Memory Business achieved solid earnings growth in the quarter thanks to continued strong demand for high-density server DRAM and SDD, despite weaker seasonal demand for mobile. Limited supply conditions also remained in the industry, which allowed for favorable supply-demand conditions and prices. For NAND, earnings were driven by expanded sales of value-added products, such as mobile products over 64GB, datacenter NVMe SSD and enterprise SSD. For DRAM, demand for differentiated products, such as high-density server products and HBM, contributed to earnings growth.

Samsung Display Panel financial results

Mark Peters : 2017-07-28 12:52:00
Samsung Display Panel financial results for Q2 2017 : The Display Panel segment posted KRW 7.71 trillion in consolidated revenue and KRW 1.71 trillion in operating profit for the quarter driven by increased sales of premium OLED displays and high-end, large-size LCD panels. For the OLED business, earnings improved QoQ on the back of increased shipments of premium flexible displays for flagship smartphones while the LCD business saw profitability enhanced QoQ due mainly to increased sales of high-end, large-size UHD panels amid stable ASP conditions. Looking ahead to the second half for the OLED business, although the company forecasts increased sales of premium flexible displays, the initial costs of the new OLED production line during the third quarter is expected to weigh on profit.

Samsung Consumer Division 2017 financial report

Mark Peters : 2017-07-28 12:28:00
Samsung Q2 2017 financial report for Consumer Division : Samsung Korea reports Q2 2017 financial report. The Consumer Electronics Division, including the Visual Display and Digital Appliances businesses, posted KRW 10.92 trillion in consolidated revenue and KRW 0.32 trillion in operating profit for the second quarter. In the second quarter, overall TV market demand declined YoY, owing to heightened demand in 2016 due to major global sporting events, as well as a slowdown in the Chinese market. Although the company maintained its leading position in the premium market by increasing sales of UHD and ultra large-size TVs, profit declined YoY due to increased panel prices.

Samsung strategic partnership with PayPal Holdings

Mark Peters : 2017-07-22 09:10:00
Samsung Pay allows users to Pay with PayPal via Braintree : Samsung Electronics recently announced an strategic partnership with PayPal Holdings, adding PayPal as a new payment method within Samsung Pay. PayPal payments will be available for Samsung Pay users in the United States and will soon expand to other countries around the globe. In addition, retailers and merchants will be able to accept Samsung Pay as payment method in-app and online through Braintree. This strategic partnership between Samsung and PayPal will benefit all customers using the new service functionality. This strategic partnership will benefit all customers of Samsung Pay and PayPal.

Samsung named best brand in Asia

Mark Peters : 2017-07-07 11:55:00
Samsung Electronics named best brand in Asia : Samsung Electronics has been named the best brand in Asia for the sixth year in a row, according to results from Asia’s Top 1000 Brands annual online survey conducted by Campaign Asia-Pacific in collaboration with Nielsen. The ranking - which aggregates views across 17 major product categories including automotive, retail, food and beverage, and consumer electronics - is based on consumer insights, and offers a clear measure of the most highly regarded and reputable brand names today. The study explores consumer attitudes in 13 markets across Asia. This year, Samsung’s launch of premium products in its core businesses - smartphones, smart TV, and kitchen en home appliances - were deemed to strengthen the company’s brand power and corporate brand value.

Samsung semiconductor plant for memory components

Mark Peters : 2017-07-04 08:55:00
Samsung Semiconductor plant started mass production : Samsung Electronics, a manufacturer of advanced semiconductor components, recently announced that its new semiconductor fabrication line in Pyeongtaek, South Korea, has begun mass production and shipping its first product to customers around the world. The new facility will focus on the production of Samsung’s fourth-generation V-NAND (64 layers), adding to the company’s leading capacity for premium memory products. With two years of construction since it broke ground in May, 2015, the new semiconductor plant at the Pyeongtaek campus is currently the largest single Fab in the industry. The Pyeongtaek campus represents a new chapter in Samsung’s semiconductor operations.

Marketing officer at Samsung named in Forbes Top 50

Mark Peters : 2017-07-03 22:02:00
Samsung chief marketing director in Forbes Top 50 CMOs : Marc Mathieu, Chief Marketing Officer, Samsung North America, was recognized as one of the 50 World’s Most Influential CMOs. The Forbes Top 50 list was unveiled at an panel discussion during the 64th Annual Cannes Lions International Festival of Creativity. Securing the number 6th spot, Marc was recognized for his creativity and innovation, as well as his leadership in helping to reinvent, rebuild and elevate Samsung Electronics America’s marketing to a new standard. Marc was instrumental in the development of Samsung 837 in New York City, a first-of-its-kind cultural destination, digital playground and marketing center of excellence that opened in 2016.

Samsung to build new Home Appliance plant in the US

Mark Peters : 2017-06-28 22:22:22
Samsung home appliance manufacturing plant : Samsung Korea reached an agreement with the State of South Carolina to open a home appliance manufacturing plant in Newberry County. The $380M manufacturing facility will produce some of Samsung’s most popular home appliance products. The Samsung Home appliance plant will generate almost 1000 local jobs by 2020. Samsung Electronics began contemplating an expansion of its US production base nearly three years ago and initiated discussions with South Carolina in the fall of 2016. The company ultimately selected the Newberry County site for its workforce, robust supply chain and transportation infrastructure and commitment to public-private partnerships.

Samsung environmental activities around the world

Mark Peters : 2017-06-07 10:07:00
Samsung employees engaged in environmental initiatives : Samsung demonstrates commitment to the environment around the world with a series of green initiatives. Protecting the environment has never been as important to safeguarding our future, and the World Environment Day is a moment in life when citizens around the world celebrate the preservation of the earth that we all share. For its part, Samsung Electronics has been making concerted efforts to reduce the environmental impact of its array of consumer products. Samsung products include innovations that minimize the impact on our natural resources and help consumers reduce their carbon footprint. In addition, Samsung employees around the world are also engaged in various environmental initiatives.

Samsung sponsor of FIFA World Cup

Ilse Jurriën : 2017-05-22 07:40:00
Samsung QLED TV sponsor of FIFA U-20 World Cup : The FIFA U-20 is the world cup for soccer players under the age of 20. This year the FIFA U-20 Championships will take place in South Korea. Among others Samsung is the official sponsor of this worldwide event. The big electronics giant uses her new Samsung QLED TV series to promote the championships through promotions and consumer participation events. QLED screen technology stands for quantum light emitting diode, these Samsung displays produce more beautiful and bright colors and offer longer life. On June 12, Samsung is also organizing a special marketing event, providing consumers with additional benefits when purchasing a QLED TV.

Olympus donates volunteer time to local charities

Mark Peters : 2017-05-14 12:00:00
Olympus employees donates volunteer time to local charities : Olympus, a global technology leader in designing and delivering innovations in life science and industrial solutions, among other core businesses, announced that over 250 of its employees from around the country participated in a Day of Caring in Greater-Atlantic City, donating nearly 1,200 hours of volunteer time to local charities. Olympus recognizes the importance of supporting community organizations and is passionate about giving its employees opportunities to get involved. Olympus delivers innovative solutions in its core business areas of Medical and Surgical Products, Scientific Solutions, and Cameras and Audio Recorders.

Apple opens premium Mall in United Arab Emirates

Mark Peters : 2017-05-02 21:21:21
Apple opens Dubai Mall premium store : While waiting for the Apple Q2 2017 financial report, the company premiered its newest store in the Middle East, Apple Dubai Mall, with a 186-foot curved storefront and balcony overlooking Burj Khalifa and the Dubai Fountain. Envisioned as a space for the community to gather, learn and be entertained, Apple Dubai Mall will also serve as a venue to watch the spectacular evening fountain shows and will host Apple’s new global in-store experience 'Today at Apple'. New Creative Pros, the liberal arts equivalent to Apple’s technical Geniuses, will teach 'Today at Apple' sessions and offer individual advice and training to help customers take their creative skills to the next level. All of the store’s 148 employees are ready to welcome customers from around the world and speak a collective 45 languages.

Samsung headquarters 2017 financial report

Mark Peters : 2017-04-28 13:45:00
Korean headquarters reports Q1 2017 financial outlook : Samsung Electronics Korean headquarters has published financial results for the first quarter ended March 31, 2017. Samsung’s revenue for Q1 2017 was KRW 50.55 trillion, an total increase of KRW 0.77 trillion YoY, while operating profit for Q1 2017 was KRW 9.90 trillion, an increase of KRW 3.22 trillion YoY. In Q1 2017, global sales for the memory and display businesses increased, owing to high ASPs and strong sales of premium products. However, revenue from the mobile business decreased due to a decline in flagship product sales (also read: Chinese smartphone 2017 market report'). Profits were driven by the components businesses, namely the semiconductor division and the display panel segment.

Samsung financial report and premium product trends

Mark Peters : 2017-04-28 13:36:00
Samsung premium products and Q1 2017 financial results : Samsung Electronics Korea has published their Q1 2017 financial report. The consumer division, including the Visual Display and Digital Appliances businesses, posted KRW 10.34 trillion in consolidated revenue and KRW 0.38 trillion in operating profit for Q1 2017. In the first quarter of 2017, the TV market is projected to decline QoQ due to weak seasonality as well as decreased demand in the European and Latin American markets. Although Samsung achieved sales growth and maintained its leading position in the premium market thanks to its high-end product line-ups including Quantum Dot TV and premium curved Smart TV, profit declined YoY due to increased panel prices and currency fluctuations.

Samsung Mobile device trends and 2017 results

Mark Peters : 2017-04-28 13:29:00
Samsung Electronics Mobile division 2017 financial results : Samsung has reported strong sales in Q1 2017 and extended global leadership with the product launch of Galaxy S8 devices. The IM Division - comprising the Mobile Communications and Networks Businesses - posted KRW 23.50 trillion in consolidated revenue and KRW 2.07 trillion in operating profit in Q1 2017. While smartphone and tablet market demand saw a slight decrease quarter to quarter due to seasonal effects, cellular phone shipments for the mobile division slightly increased compared to Q4 2016. This increase was largely due to the newly released Galaxy A 2017 devices and solid sales in the mid- to low-end segment in emerging markets. However, overall profit for the division decreased due to price drop of Galaxy S7 mobile devices.

Samsung Display trend forecast and financial report

Mark Peters : 2017-04-28 13:28:00
Samsung Display industry trends and 2017 financial results : Samsung Electronics Korea reports solid financial performance in Display Panel segment for Q1 2017. The Display Panel production and broadcast products sales posted KRW 7.29 trillion in consolidated revenue and KRW 1.30 trillion in operating profit for Q1 2017. For OLED, earnings improved YoY due to higher utilization rates driven by strong demand for OLED displays while also gaining QoQ due to increased shipments of flexible displays and strong demand for rigid OLED panels. For LCD, Samsung maintained solid earnings QoQ by increasing sales of large-size high-resolution panels under favorable supply and demand conditions. An expansion in the portion of value-added LCD products, particularly large-size 4K UHD panels, helped strengthen the financial results for Q1 2017.

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