As expected, Samsung Mobile profits slump 31 percent as Chinese competition bites

Trial Begins In Apple-Samsung Patent Battle

Samsung has announced a 31 percent drop in for its mobile division, broadly in line with its earlier guidance, when almost 200 managers “voluntarily” handed back 25 percent of their bonuses. Year-on-year operating profits fell from 6.43T won ($6.28B) to 4.42T won ($4.32B).

Chinese competition in low- and mid-range handsets was cited as one of the key reasons for the slump, with Samsung Mobile’s SVP Kim Hyun-Joon promising that the company would address this.

We will respond more aggressively to meet demand in the Chinese market [...] in the latter half of this year by introducing more products with better specification as well as better price competitiveness …

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Samsung & Apple lose share to smaller Chinese OEMs in Q2 smartphone shipment numbers

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Following releasing its second quarter data for tablet shipments worldwide, IDC today released its Q2 2014 report for smartphone shipments during the three month period that ended in June. The numbers line up with Apple’s fiscal Q3 earnings call that took place earlier this month where the company reported iPhone sales of 35.1 million units for the quarter. With 295.3 million units shipped total during Q2, IDC notes that both Samsung and Apple lost share to the smaller Chinese manufacturers: Read more

Xiaomi announces $13 Mi Band wearable with phone unlock feature, and first LTE phone

mi-band

Rapidly-growing Chinese manufacturer Xiaomi announced its first wearable today, the Mi Band. While it’s a fitness band rather than a smartwatch, it does have one smartwatch-style feature: it can be used instead of a passcode to unlock Mi phones.

The waterproof Mi Band measures activity levels and sleep patterns, has a smart sleep-cycle alarm and claims to have a 30-day battery-life. Amazingly, it will be going on sale in China and Singapore for the equivalent of just $13 …  Read more

Samsung suspends contract with Chinese supplier over child-labor allegations

Samsung-Xian-Fab

Following allegations that one of Samsung’s suppliers in China was using child labor despite passing three separate Samsung audits, the company has now suspended its contract with the supplier. It says that if the allegations are substantiated, it will permanently cease doing business with the supplier.

Samsung’s 2014 Sustainability Report originally claimed that no instances of child labor had been found, but China Labor Watch said that it had found examples of child labour at a Samsung supplier in Dongguan, China, with several children found to be working 11 hours a day …  Read more

Google services again facing outages in China after brief restoration this morning

Google Personal Search

Earlier today, access to Google’s variety of web services was finally restored in China, after weeks of them being offline. This evening, however, Reuters reports that once again, the Mountain View company’s services are being disrupted in China. This includes tools such as Google Search, Maps, Gmail, advertising services, and more.

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Chinese manufacturer Xiaomi more than doubles sales as it begins international expansion

xiaomi

Samsung, HTC and Motorola are likely to be looking a little nervously over their shoulders as Chinese smartphone manufacturer Xiaomi more than doubled its year-on-year sales. The company announced (via TNW) that it sold 26.1M phones in the first half of this year, more than it sold in the whole of 2013.

These are impressive sales for a company which sold its first smartphone just three years ago, and whose sales were initially limited to China. Its growth has been fuelled by expansion into Singapore, Malaysia, India and the Philipines, with the company now eyeing up Latin America as its next market …  Read more