Samsung Electronics lost US$22bn of market value over two days as investors factor in a bigger hit to its bottom line from widening bans and warnings on its Note7 smartphones. Shares have plunged 11% since Friday, the biggest
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For more than a week, Samsung’s shares survived reports of its exploding Galaxy Note7 smartphone, a worldwide recall, and news of the “heartbreaking” US$1bn bill. Yet calls by airlines and regulators for passengers to follow somewhat mundane
Samsung Electronics is involved in detailed work with South African banks to launch the company’s Samsung Pay mobile payment and digital wallet service locally next year. The company’s South African
Samsung Electronics is warning that some television manufacturers are passing off 4K-resolution ultra-high-definition (UHD) TVs as the real thing when…
Samsung Electronics says it has achieved a download speed of 7,5Gbit/s using future fifth-generation (5G) mobile broadband technology that is still in the early stages of development. At the same time, the Korean company claims it has managed
Samsung Electronics has announced plans to open a television manufacturing plant at the Dube TradePort north of Durban by the end of the year. The company will invest US$20m (about R210m) in the facility between now and 2018
Samsung warned this week that its earnings in its most recent financial quarter were likely to have tumbled by as much as 26,5% – the third straight quarter of decline – in part because of a glut of unsold smartphones and growing competition from Chinese manufacturers. These must be troubling times for the
Amazon is not a consumer electronics company. Yes, the e-commerce giant has sold tens of millions of its own devices to customers. And yes, it has just launched a smart phone, but measuring Amazon by Samsung’s or Apple’s standards overlooks the most important thing about its business. When Amazon
For the first time, more smartphones are being sold in South Africa than feature phones, new research shows. Samsung Africa vice-president and chief operating officer George Ferreira, quoting GfK market research, says 51% of mobile phones sold in South Africa in March 2014 were smartphones, with the rest made up of feature
MultiChoice and Samsung Electronics intend launching the pay-television operator’s DStv BoxOffice movie rental service on Samsung Smart TVs in about a month from now, TechCentral can reveal. “We have Smart Hub already on our TVs, but it’s limited,” says Samsung Africa vice-president and chief operating officer George Ferreira