Samsung Electronics

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After More Than 10 Years, Samsung Workers Get an Apology

And compensation as company says sorry for employee illnesses, deaths

(Newser) - Samsung Electronics apologized Friday for illnesses and deaths of some of its workers, saying it failed to create a safe working environment at its computer chip and display factories. The announcement by the South Korean tech giant came weeks after the company and a group representing ailing Samsung workers agreed...

Samsung Heir Walks Free After Surprise Court Decision

Lee Jae-yong spent a year in prison

(Newser) - Samsung heir Lee Jae-yong was freed Monday after a South Korean appeals court gave him a 2.5-year suspended jail sentence for corruption in connection with a scandal that toppled the country's president. The Seoul High Court softened the original ruling against Lee , rejecting most of the bribery charges...

S. Korea Stunned by Arrest of Samsung Leader

Lee accused of bribing government

(Newser) - South Korea was taken by surprise Friday with the arrest of the scion of the country's richest family and de facto leader at Samsung over his alleged involvement in a massive corruption scandal that engulfed the president and riveted the nation. Prosecutors believe Lee Jae-yong, 48, a vice chairman...

LG Exec Allegedly Broke Rival's Washing Machines

Jo Seong-jin indicted for alleged vandalism

(Newser) - Jo Seong-jin, a top exec for LG Electronics, has been accused of vandalizing washing machines made by rival company Samsung. He and two other LG executives have been indicted over the incident, an LG spokesperson tells the Wall Street Journal . Before a trade show in Germany last September, Samsung said...

Google, Apple CEOs Holding Secret Peace Talks?

Tim Cook, Larry Page have had at least one conversation

(Newser) - While the smartphone patent wars rage on, the CEOs of Apple and Google have been quietly communicating with each other in an attempt to resolve a range of intellectual property issues, sources tell Reuters . Apple's Tim Cook and Google's Larry Page had a phone conversation last week and...

Japan Hands Samsung Win in Apple Patent Wars

Sync tech no infringement; Apple ordered to pay court costs

(Newser) - Samsung may have lost a major battle with Apple last week, but the patent wars go on—and the latest victory is Samsung's. Samsung scored a win versus Apple in a Japanese court today, this time in a case over the tech that synchronizes music and video data with...

Galaxy Phones Ring in $5.9B Profit for Samsung

Profits expected to keep climbing, but company hedges on Europe

(Newser) - Thanks to the Galaxy S III smartphone's very warm reception, Samsung's profits last quarter climbed 14.5% to a record $5.9 billion, reports Reuters . But because of worry over the euro, which has fallen 5% versus the South Korean won since April, the company remains guarded, working...

Samsung Hits Record Profit
 Samsung Hits Record Profit 
Jan 6, 2012 10:11 AM CST

Samsung Hits Record Profit

Thanks to its array of smartphones

(Newser) - Samsung Electronics today reported that Q4 was its most profitable quarter ever, thanks mostly to skyrocketing smartphone sales. Samsung is projected to have shipped 35 million smartphones in the fourth quarter, after surpassing Apple in Q3 as the world's top smartphone purveyor, Reuters reports. Those sales helped fuel a...

Samsung Sues to Ban iPhone, iPad Sales in US

Lawsuit battle grows between the tech giants

(Newser) - Apple took its lawsuit duel with Samsung to Samsung's home turf of South Korea last week, so now Samsung is stepping up its counterattack in Apple's home, filing a complaint with the International Trade Commission to stop the sale of Apple iPhones and iPads in the United States....

Cellphone Sales Drop
 Cellphone Sales Drop 
May 20, 2008 2:35 AM CDT

Cellphone Sales Drop

Recession driving down sales

(Newser) - The cellphone market is experiencing a significant sales slide, with the most serious decline so far among lower-income users, reports the Wall Street Journal. Studies reveal first quarter sales dips ranging from 5% to  22%. Analysts expect growth to slow even further. The market may be reaching saturation with 83%...

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