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Samsung looks to life beyond the smartphone

After years of record profit growth, tech giant Samsung Electronics looks to be at a commercial crossroads as it searches for a new growth driver to counter slowing sales of its phenomenally successful smartphones. Alarm bells have been sounding for a while over Samsung's reliance on smartphone sales in increasingly mature markets such as Europe and the United States, and increasingly competitive emerging markets like China.

Samsung looks to life beyond the smartphone

After years of record profit growth, tech giant Samsung Electronics looks to be at a commercial crossroads as it searches for a new growth driver to counter slowing sales of its phenomenally successful smartphones. Alarm bells have been sounding for a while over Samsung's reliance on smartphone sales in increasingly mature markets such as Europe and the United States, and increasingly competitive emerging markets like China.

Samsung forecasts profit drop for second straight quarter

Samsung Electronics on Tuesday posted estimated first quarter operating profits of 8.4 trillion won ($7.96 billion), marking a second straight year-on-year decline as global smartphone sales slow. The estimate was in line with market expectations of operating profits between 8.14 trillion won and 8.63 trillion won for the January-March period at the world's largest mobile phone maker.

Samsung forecasts profit drop for second straight quarter

Samsung Electronics on Tuesday posted estimated first quarter operating profits of 8.4 trillion won ($7.96 billion), marking a second straight year-on-year decline as growth in global smartphone sales slows. The estimate was in line with market expectations, with analysts having forecast profits for the world's largest mobile phone maker of somewhere between 8.14 and 8.63 trillion won for the January-March period.

Samsung Q1 operating profit estimated at 8.4 trillion won

Samsung Electronics said Tuesday its estimated first quarter operating profit was 8.4 trillion won (7.96 billion dollars), meeting market expectations. Analysts had forecast the world's largest mobile phone maker's operating profit for the January-March period would be somewhere between 8.14 and 8.63 trillion won. The figure was down 4.3 percent from 8.78 trillion won for the first quarter of 2013. But compared with the September-December period of 2013, it marked a 1.08 percent increase.

India offers help to Samsung chief over court appearance

India will help Samsung in "whatever way" it can to avoid the South Korean company's chairman being forced to appear in an Indian court over a payment dispute, a top government official said Saturday. India fears its country's investment reputation could be further tarnished after the Supreme Court ordered Lee Kun-Hee, South Korea's richest man, to appear before a suburban New Delhi trial court within six weeks to answer fraud accusations over the $1.4-million dispute.

Samsung boss ordered to appear before Indian court

The billionaire chairman of South Korean tech giant Samsung Electronics has been ordered to appear before an Indian court next month in a long-running $1.4-million payment dispute. At a sitting in New Delhi on Tuesday, the Supreme Court said Lee Kun-Hee must "surrender" before a trial court in the city of Ghaziabad, on the outskirts of the capital, within six weeks. Lawyers for the Samsung boss -- one of South Korea's wealthiest businessmen -- had tried unsuccessfully to have the case thrown out of court.

Worker killed in gas leak at Samsung

By Kang Yoon-seung SUWON/SEOUL, March 27 (Yonhap) -- A gas leakage at a Samsung facility in southern Seoul sparked by a malfunction of the fire extinguishing system left one worker dead, local authorities said Thursday, raising concerns over the safety conditions at the country's top tech giant amid a series of similar accidents. Local police and fire authorities said the building's safety system released carbon dioxide after it wrongly detected fire, suffocating a 52-year-old man who worked for a partner company of Samsung.

Worker killed in gas leak at Samsung plant

By Kang Yoon-seung SUWON/SEOUL, March 27 (Yonhap) -- A gas leakage at a Samsung facility in southern Seoul sparked by a malfunction of the fire extinguishing system left one worker dead, local authorities id Thursday, raising concerns over the safety conditions at the country's top tech giant amid a series of similar accidents. Local police and fire authorities said the building's safety system released carbon dioxide after it wrongly detected fire, suffocating a 52-year-old man who worked for a partner company of Samsung.

Judge rejects Apple bid to ban Samsung devices

A federal judge Thursday rejected Apple's request to ban an array of Samsung smartphones and tablets found to have infringed on patents held by the US tech giant. US District Judge Lucy Koh, who oversaw the blockbuster patent trial, finalized the damage award to be paid by the South Korean electronics giant at $929 million. But in a separate order, the judge denied Apple's request to ban 23 Samsung devices, saying there was no evidence that consumer demand was driven by the infringing elements.
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