Samsung lifted by Galaxy sales
IOL Business - Jul 27th 2012, 08:01
Seoul - Samsung Electronics said its second quarter profit rose 48 percent over a year earlier as customers flocked to get Galaxy smartphones in the absence of competitors.
The South Korean firm said on Friday that its net profit reached 5.2-trillion won ($4.5-billion) in the April-June quarter on revenue of 47.6-trillion won.
The earnings figure was a three-percent rise from the previous quarter, but was lower than a market consensus of 5.6-trillion won.
Samsung said its operating profit reached 6.7-trillion won, matching its guidance earlier this month.
Samsung said its mobile business that makes the Galaxy S3 smartphone was responsible for more than 60 percent of its operating profit, helping the firm outdo rivals even at one of the most challenging times for the global tech industry. - Sapa-AP
US: Microsoft opening mini-shops
14/06/2013 - 08:50
San Francisco - Microsoft on Thursday announced that it is expanding its real-world retail push with mini-shops inside 600 US and Canadian stores operated by consumer electronics chain Best Buy.
Sainsbury maintains growth record as grocer outpaces rivals
12/06/2013 - 14:06
J Sainsbury Plc (SBRY), the U.K.’s third-largest supermarket chain, reported a 34th successive quarter of same-store sales growth as the grocer increased its share of the market while its main competitors all lost ground.
Apple customers pay for weak yen
03/06/2013 - 08:40
Tokyo - Apple raised prices of iPads and iPods in Japan on Friday, becoming the highest-profile brand to join a growing list of foreign firms asking Japanese consumers to pay more as a weakening yen squeezes profit.
UK: IKEA advert featuring gnomes being smashed receives 50 complaints to watchdog
29/05/2013 - 08:04
Viewers have complained to a watchdog that an IKEA advert of gnomes being smashed is “violent, frightening and offensive”.
Sony board examines plan
23/05/2013 - 14:47
Tokyo - Sony chief Kazuo Hirai said Wednesday the company was examining a hedge fund proposal to sell off part of its entertainment unit in a bid to boost profits in its core business.