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SEOUL, South Korea (AFP) — Solid sales of its flagship smartphone and an aggressive cost-cutting drive saw Samsung Electronics on Thursday post a better-than-expected gain in net profit for the second quarter. The giant South Korean conglomerate said its key mobile division enjoyed “substantial earnings improvement” in the April-June period led by expanded sales of its high-end Galaxy S7 and S7 Edge phones. Industry trackers estimate that the world’s largest smartphone maker has sold about […]
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 […]
WASHINGTON , United States(AFP) — Chinese technology titan Huawei said Tuesday it filed suit in the United States against Samsung, claiming its South Korean rival has infringed on patents on wireless connectivity for mobile devices. The lawsuit filed in federal court in California alleges that “Samsung and its affiliates have earned billions of dollars by selling (mobile) products that use Huawei’s technology.” Huawei said it was filing a similar lawsuit in China alleging infringement of […]
South Korean President Park Geun-hye has met with the relatives of passengers still missing after last month’s ferry disaster. The death toll has reached 244, with divers still searching for another 58 victims. Park reiterated a pledge to hold anyone found culpable for the disaster to account as she visited the victims’ families for the second time. “Anyone responsible for the accident and criminally at fault will be sternly punished,” Park told the relatives, […]
