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Posts Tagged ‘Economic Daily’

Samsung aims to sell 374 million phones next year, up 15% from 2011

Wednesday, December 28th, 2011

Samsung hopes to sell 374 million phones next year, up 15% from the 325 million the company expects to have sold in 2011. The South Korea-based firm also said that it plans to sell 150 million smartphones in 2012, Korea Economic Daily said Tuesday. The vendor is well on its way to achieving its 2011 sales goal and announced in December that it had already sold 300 million devices. During the third quarter, Samsung became the top smartphone vendor in the world by shipment volume, surpassing Apple after shipping more than 27.9 million units during the quarter.

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LG denies mobile business layoffs

Friday, September 9th, 2011

On Thursday, reports surfaced suggesting LG was laying off 30% of its mobile business workers overseas. The firm denied the rumors on Friday, however, stating “We are always looking at opportunities to improve the performance of our mobile business but no decision has been made as to any job reductions,” according to Reuters. Korea Economic Daily said on Thursday that LG was letting go of 30% of its mobile employees in an attempt to turn around its struggling mobile business, and LG said the report was simply “speculation.” The article also said the Korean-based company had plans to begin domestic layoffs in the near future.

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LG lays off 30% of its mobile employees overseas

Thursday, September 8th, 2011

LG has cut 30% of its overseas mobile staff as a result of the division’s recent poor performance, Reuters reported on Thursday. Korea Economic Daily broke the news and noted LG’s layoffs mostly included employees in the purchases and mobile marketing departments, and in unprofitable groups. LG said the Korea Economic Daily report was speculation, but the Korean news outlet noted that LG is planning to layoff members of its mobile business team in Korea, too. LG’s mobile business grew during the second quarter of this year but the division still failed to turn a profit. The mobile arm reported a $49.8 million loss on sales of $3 billion last quarter.

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Microsoft to demo Windows 8 on a Samsung tablet next week

Thursday, September 8th, 2011

Microsoft Windows president Steven Sinofsky will unveil the company’s latest Windows 8 operating system running on a tablet during Microsoft’s BUILD conference in California next week, Reuters reported on Thursday. According to Korea Economic Daily, the reference model device will be manufactured by Samsung. “Investors are hungry to see how [Microsoft is] going to join where the market’s going,” HighMark Capital Management portfolio manager Todd Lowenstein told Reuters. “They’ve been lagging and they need to catch up and surpass what’s going on, to demonstrate they truly are an innovative company.” It isn’t the first time Microsoft will demo the operating system on a tablet. During the Microsoft Worldwide Partner Conference in July, the Redmond-based firm briefly showed a concept tablet running the new OS. We hope Microsoft allows conference attendees to go hands-on and take a closer look at the device this time around. The BUILD conference kicks off on September 13th.

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Garmin-ASUS collaboration said to be ending in January

Friday, October 22nd, 2010

It was hinted at back in September, now the Chinese-language Economic Daily is reporting that the Garmin-ASUS joint venture will end in January after the two-year deal expires. We’ve heard this from our own sources as well. At that point, Asus will return to flooding the market with indistinguishable product iterations and Garmin will go back to watching GPS-enabled smartphones (and now tablets) eat away at the dedicated personal navigation device market. ASUS is expected to continue making GPS-enabled smartphones under the ASUS brand with Garmin providing navigation and mapping software.

Garmin-ASUS collaboration said to be ending in January originally appeared on Engadget on Fri, 22 Oct 2010 03:21:00 EDT. Please see our terms for use of feeds.

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