Latest Samsung Electronics Co Ltd News

Huawei sells folding smartphone with no Google after US ban

Nov. 15, 2019 4:00 AM EST

BEIJING (AP) — Chinese tech giant Huawei is selling its first folding smartphone without Google apps or U.S.-made processor chips following sanctions imposed by Washington. The Mate X, which unfolds to 14.6 centimeters (5.8 inches) wide, went on sale Friday on Huawei’s online store in China priced...

Samsung Electronics says third quarter profit fell 56%

Oct. 31, 2019 12:30 AM EDT

SEOUL, South Korea (AP) — Samsung Electronics said Thursday its operating profit for the last quarter fell by nearly 56%, with its robust sales of smartphones, displays and TVs offset by a continuously weak market for computer chips. The South Korean technology giant reported an operating profit of 7.78...

Samsung heir Lee appears in court for corruption retrial

Oct. 24, 2019 11:51 PM EDT

SEOUL, South Korea (AP) — Billionaire Samsung scion Lee Jae-yong appeared in court Friday for a retrial on corruption allegations linked to a 2016 scandal that spurred massive street protests and sent South Korea's then-president to prison.   "I feel deeply sorry for worrying many people," Lee...

Cuba to let citizens buy imports with foreign currencies

Oct. 16, 2019 5:12 PM EDT

HAVANA (AP) — The Cuban government says it will allow citizens to use 10 foreign currencies to buy products like televisions and air conditioners at state stores in an attempt to compete with a multi-billion-dollar informal market in imported goods. The communist state has a monopoly on most forms of...

China's Huawei reports sales gain despite US sanctions

Oct. 16, 2019 5:04 AM EDT

BEIJING (AP) — Chinese tech giant Huawei on Wednesday reported a double-digit gain in sales despite U.S. sanctions that threaten to disrupt its smartphone and network equipment businesses. Huawei Technologies Ltd. said its sales rose 24.4% in the first nine months of 2019 to 610.8 billion yuan ($86...

Google touts privacy options, but still depends on your data

Oct. 15, 2019 6:08 PM EDT

SAN FRANCISCO (AP) — Google's latest phone and smart-home devices came packaged with a not-so-subtle message: Google cares about your privacy. Does it? The tech company has had a complicated relationship with user information in the past. Google's latest steps offer consumers some additional protections,...

Tough times for chipmakers as Samsung warns of profit drop

Oct. 8, 2019 5:33 PM EDT

SEOUL, South Korea (AP) — Samsung provided the latest sign of the tough times afflicting computer chipmakers as it braced investors for a sharp drop in profit. The sobering forecast Tuesday wasn't entirely unexpected, given an industrywide glut that has forced chipmakers to slash prices to clear out...

Samsung ends smartphone phone production in China

Oct. 4, 2019 4:31 AM EDT

SEOUL, South Korea (AP) — Samsung Electronics said Friday it has ended the production of smartphones in its last factory in China. Production at the factory in southern China’s Huizhou ended last month, the company said in an email Friday. It said it made “the difficult decision to cease...

Samsung's folding phone hits the US

Sep. 23, 2019 6:53 PM EDT

NEW YORK (AP) — Samsung's folding phone is finally hitting the U.S. Samsung will start selling the Galaxy Fold, a phone with a screen that folds together like a book, on Friday. There will be an AT&T version as well as an unlocked version sold at Best Buy and Samsung stores. The South Korean tech giant...

Why you don't need a 5G phone just yet

Sep. 20, 2019 2:36 PM EDT

NEW YORK (AP) — No 5G iPhone? No problem. You probably don't want one anyway. For most people, it's smart to stick with a smartphone that isn't compatible with speedier 5G wireless networks, which are just starting to roll out. That's the case even if you think you'll be hanging on to your next phone for a...