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SEOUL, South Korea (AFP) — South Korean tech giant Samsung Electronics posted a 58.57 percent rise in first-quarter net profits on Thursday, largely driven by steady memory chip demand and brisk smartphone sales. The world’s biggest memory-chip maker is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled empires known as chaebols that dominate business in South Korea, Asia’s fourth largest economy. The conglomerate is crucial to the South’s […]
by Jung Hawon Agence France-Presse SEOUL, South Korea (AFP) — Samsung Electronics on Wednesday posted record quarterly operating and net profits as solid demand for its memory chips cushioned the fallout from slowing smartphone sales — but warned of tougher times ahead. The South Korean tech giant — the world’s top maker of smartphones and memory chips — has recovered from a series of setbacks, including a humiliating recall and the jailing of its de […]
TOKYO, Japan (AFP) – Sony on Tuesday revised upward its full-year profit and sales forecast, reporting first quarter profits nearly tripled from a year earlier, as it extends a roaring recovery under its new CEO. The electronics and entertainment giant now forecasts 500 billion yen ($4.5 billion) in net profit for the fiscal year to March 2019, up from its earlier estimate of 480 billion yen. Annual sales are now projected to rise slightly, with […]
by Julien GIRAULT / Ryan MCMORROW Agence France-Presse BEIJING, China (AFP) — Global carmakers touted their latest electric and SUV models in Beijing on Wednesday as they warily welcomed China’s promise of better foreign access to the world’s largest auto market, where domestic vehicles are making major inroads. Industry behemoths like Volkswagen, Daimler, Toyota, Nissan, Ford and others are displaying more than 1,000 models and dozens of concept cars at the Beijing auto show. Thousands […]
by Miwa Suzuki Agence France-Presse TOKYO, Japan (AFP) — As Japan celebrates the year of the dog, electronics giant Sony on Thursday unleashed its new robot canine companion, packed with artificial intelligence and internet connectivity. The sleek ivory-white puppy-sized “aibo” robot shook its head and wagged its tail as if waking from a nap when it was taken out of a cocoon-shaped case at a “birthday ceremony” held in Tokyo. Seven-year-old boy Naohiro Sugimoto from […]
TOKYO, Japan (AFP) — Troubled Japanese conglomerate Toshiba said Thursday it logged a net loss of $436 million for the fiscal first half, as it moves to complete the multi-billion-dollar sale of its chip business to restore its balance sheet. The Tokyo-based firm said the loss was mainly due to the tax impact associated with the controversial deal to sell the chip unit to a consortium led by Bain Capital. The announcement came after the company said […]
TOKYO, Japan (Reuters) — Japanese electronics giant Hitachi Ltd is developing software equipped with artificial intelligence (AI) to enhance security screenings at large-scale venues including shopping malls and sports stadiums. The software, displayed on three large television screens at a Hitachi research centre in Tokyo, uses artificial intelligence to identify at least 100 different characteristics of dozens of people walking in various places, including train stations and intersections. Each person is highlighted in a green […]
LOS ANGELES, United States (Reuters) — Passengers traveling on certain United States-bound foreign airline flights will have to check in electronic devices larger than a cell phone once US authorities formalize a new ban in response to an unspecified terrorism threat, US officials told Reuters on Monday (March 20). The new rule is expected to be announced Tuesday by the Department of Homeland Security, the officials said, adding that it had been under consideration since the […]
by Hwang Sunghee Agence France Presse SEOUL, South Korea (AFP) — Samsung Electronics’ profits leaped in the fourth quarter, it said Tuesday, despite the humiliating Galaxy Note 7 recall that hammered the reputation of the world’s largest smartphone maker. The South Korean tech giant took another blow when prosecutors began investigating its involvement in a corruption scandal, which has seen the country’s president impeached, and sought the arrest of the firm’s de facto leader Lee […]
SEOUL , South Korea (AFP) — Samsung Electronics on Thursday flagged its biggest operating profit in more than two years, boosted by cost-cutting efforts and solid sales of its latest flagship smartphone. In an earnings estimate, the South Korean electronics giant — also the world’s top handset maker — predicted an operating profit of 8.1 trillion won ($7 billion) for April to June, up 22 percent from 6.9 trillion won a year ago. It is […]
SEOUL, South Korea (AFP) — Samsung Electronics said Thursday it had agreed to buy US cloud computing company Joyent — the latest in a series of start-up acquisitions aimed at strengthening the South Korean giant’s software capacity. The purchase of the San Francisco-based firm would provide Samsung with its own cloud platform to support its main mobile business and connect with Samsung household appliances such as TVs, refrigerators and air conditioners, a company statement said. […]
