LG G Flex smartphone (LG Electronics)
According to The Wall Street Journal, LG Electronics Inc. has unveiled its new 6-inch curved-screen smartphone, two weeks after rival Samsung Electronics Co. launched a similar phone.
LG says its G Flex smartphone, which has a screen that is curved from top to bottom, will fit more snugly against users’ faces when they talk, while Samsung Electronics has promised a better handgrip with its Galaxy Round that is curved along the sides of the phone.
LG also says the curvature on the G Flex, if held horizontally, offers a viewing experience akin to an IMAX theater, although one could argue that that effect would make more sense on a much bigger screen like a 55- or 60-inch curved-screen television set.
It is unlikely that potential buyers will be taken in by the marketing spiel for these phones or their hefty price tags. Apart from the fact that they have curved screens, both the Galaxy Round and the G Flex have specifications similar to those of a typicalhigh-end smartphone such as a 2.3 Gigahertz microprocessor and a 13-megapixel camera. The Galaxy Round has a price tag of over $1,000 while LG didn’t disclose the pricing details of the G Flex.
Posted by camelliacamellia on October 29, 2013
Asian Stock Market (Asian News)
According to The Wall Street Journal, Asian stocks moved lower Friday, though Australia managed to rise, in a session heavy in corporate earnings.
South Korea’s Kospi slid 1.1%, with the index’s largest single constituent, Samsung Electronics 005930.SE 0.00% down 1% after it reported third-quarter net profit had risen 25.6% to another record. Before the results, the stock enjoyed a strong run-up, and remains 5% higher so far in October.
Also in Seoul, LG Electronics 066570.SE -3.42% dropped 3.7% after it reported a 34% decline in net profit over the same period.
In Hong Kong, shares of Chinese auto maker Great Wall Motor GWLLY -4.22% shed 5.8% after reporting weaker profit margins in the third quarter.
In Japan, Canon 7751.TO -1.60% fell 1.1% after it lowered its full-year net profit forecast to ¥240 billion ($2.46 billion) from a previous estimate of ¥260 billion set in July. Mitsubishi Motors 7211.TO +1.17% Corporation added 1.8% after the car company increased its profit outlook.
More broadly, the absence of fresh catalysts left regional markets to drift lower.
In Japan, the Nikkei remained under pressure from a yen that has firmed up in recent sessions. The Japanese currency maintained its strength, last at ¥97.21 to the dollar, helping to pull the Nikkei down 1.7%.
Posted by camelliacamellia on October 25, 2013
According to Bloomberg, Samsung Electronics Co. (005930) apologized to Chinese consumers after the national broadcaster criticized the company for making handsets that allegedly malfunction because of faulty memory chips.
Samsung, the world’s largest maker of mobile phones, pledged to provide free maintenance, according to Chinese rules, for the seven models included in China Central Television’s report, according to a statement posted on Samsung’s China website and dated yesterday. The warranty for handsets produced before Nov. 30, 2012, will be extended one year, it said.
CCTV’s “Economic Half-Hour” program reported this week that Samsung’s Galaxy S and Note series handsets crash as many as 30 times a day and the chips need to be upgraded. The Suwon, South Korea-based company joins Apple Inc., Danone, Volkswagen AG and Starbucks Corp. in being accused by China’s state media of mistreating consumers in the world’s second-biggest economy.
“The Chinese government is trying to bring consumer sights back to domestic companies because they know it’s necessary to foster local companies to ensure stable economic growth,” said Lee Jin Woo, a fund manager at Seoul-based KTB Asset Management Co. in Seoul. “Samsung has read their mind well enough to keep a low profile to appear consumer-friendly.”
Posted by camelliacamellia on October 24, 2013
Apple squeezed in smartphone market by competition from Asian manufacturers
The global smartphone market showed healthy growth in the second quarter, but Apple’s iPhone was squeezed by competition from Samsung and other Asian manufacturers, surveys showed Friday.
Apple’s share of the global smartphone market fell to 13.1 percent in the April-June period, according to research firm IDC. A separate report by Strategy Analytics gave Apple 13.6 percent, but noted that it was the US firm’s lowest share since 2010.
Samsung extended its dominance, capturing nearly one-third of all smartphones sold worldwide, according to the surveys, while South Korea’s LG and China’s Lenovo and ZTE showed accelerating growth.
Posted by admin on July 26, 2013
Asian partners: The future of Australia’s business relationship with Korea
When Chung-Sok Suh arrived in Australia from South Korea in 1979 there were about 3000 Koreans living in Australia. He calls them the “first wave”. Today, the number of Korean Australians has increased to 150,000 or so, most of them based in Sydney. Importantly, many are second-generation Korean Australians, often bilingual, and a key resource in the developing relationship between the two countries.
With Korea now Australia’s fourth-largest trading partner, this new generation has an important role to play as a bridge between the two countries. It is also a trading relationship where Australia enjoys a significant surplus.
Korean brands such as Hyundai, Kia, Samsung and LG are part of everyday Australian life and investors such as POSCO are a strong presence in the Australian resources industry. Around 50 Korean companies are active in doing business with Australia, while 100 Australian companies have activities in Korea.
Posted by admin on June 18, 2013
Hon Hai Courting New Customers as Apple Competition Swells
Todd Haselton from TechnoBuffalo reports that Hon Hai (Foxconn) took a hit during the first quarter of this year when sales of Apple’s iPhone dropped off a bit compared to the first and fourth quarters of last year. At the time, it appeared that Hon Hai, a firm that manufacturers Apple’s products, was relying too much on the company. It turns out that’s actually the case and the company recently went on the record stating that it’s trying to court new customers in order to increase its profit margins, especially during slow quarters when Apple isn’t ramping up production of new products.
Posted by Innovator on May 28, 2013
Picture by Bloomberg
Apple and Samsung Electronics began the latest round of their long-running global patent war on Monday as an Australian judge began hearing evidence for an anticipated three-month trial.
While any decision in the Australian case is unlikely to have a substantial impact in other jurisdictions like Europe or the United States where the technology giants are suing each other, lawyers say the trial proceedings could reshape the legal strategies employed by Apple and Samsung in other countries.
Mark Summerfield, a patent lawyer and senior associate with Melbourne-based law firm Watermark, said “there’s no doubt there’s a strategic and psychological effect” attached to the Australian case. “Courts in other countries will watch what is happening here,” he said.
Posted by Innovator on July 23, 2012
HTC, the Taiwanese company that is one of the leading makers of Android-powered smartphones, is the controlling shareholder in Beats Electronics, the Santa Monica (Calif.)-based producer of high-end headphones founded by rap producer Dr. Dre and Jimmy Iovine, the chairman of Interscope, Geffen and A&M. You wouldn’t know that, though, from the statement Beats issued on July 2 announcing its acquisition of MOG, an on-demand music service. The announcement trumpets the importance of the deal for Beats—and does not mention that the California company is part of HTC, which bought control of Beats last year.
The omission is just a small indicator of a problem that HTC and other Taiwanese companies face as they try to survive as consumer brands. Taiwan is an important part of the global economy, thanks largely to its electronics industry, and the backbone of the industry has long been companies that produce computers, chips, displays and other components for others. The classic example of a Taiwanese company that does this sort of work in the background, without putting its own brand on the finished goods, is Foxconn, which makes iPhones and iPads for Apple.
Posted by Innovator on July 17, 2012