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Samsung’s Galaxy Note II hits 3M in sales since launch

Samsung announced today that it sold roughly 3 million Galaxy Note IIs since the phablet launched over a month ago.

The company specified to the Associates Press (via USA Today) that it took just 37 days to hit the sales figure:

The South Korean firm is pinning its hope on the Note II and the S III to maintain its market lead during the crucial fourth-quarter holiday season, when a number of new gadgets are vying for attention from consumers in the crowded market.

A new report by IDC gives support to Samsung’s unverified claims: the research firm revealed Samsung sat at No. 1 in terms of the global smartphone market for Q3 2012 with 56.3 million sales—doubling Apple’s 26.9 million in iPhone sales.


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LG reports ‘solid’ Q3 earnings with $138.57M in net profit

LG is out with its Q3 earnings today, and it is reporting what it called “solid third-quarter performance” thanks to strong handset sales. The company took in $138.57M in net profit for the quarter, while recording 19.42 million operating profit for its mobile business:

LG Mobile Communications Company improved significantly in the 2012 third quarter, recording operating profit of KRW 22 billion (USD 19.42 million) due in large part to healthy sales of LTE smartphones in Korea, Japan and the United States. In addition, Optimus L-Series continued to expand into 3G markets, contributing to the sales increase. Revenues increased by 5 percent quarter-to-quarter to KRW 2.45 trillion (USD 2.16 billion) as shipments exceeded 14 million units, an increase of 9 percent from the previous quarter. The company expects to further increase its shipments and revenue in the fourth quarter with the global launch of the Optimus G superphone and sales of Optimus Vu: 2 in Korea.

LG’s full press release below:

LG ANNOUNCES THIRD-QUARTER 2012 FINANCIAL RESULTS

Company Reports Third Consecutive Quarter of Solid Net Income

SEOUL, Oct. 24, 2012 –- LG Electronics (LG) today reported a solid third-quarter performance with the third consecutive quarter of positive net income and all four companies recording strong operating profits. Better-than-expected performance in the mobile and home appliance businesses helped offset a slight decline in overall year-over-year sales for the third quarter.

Third-quarter net profit of KRW 157 billion (USD 138.57 million) with operating profit recording KRW 221 billion (USD 195.06 million) showed significant improvements from the loss in the same period last year. Third-quarter revenues fell 4 percent year-over-year to KRW 12.38 trillion (USD 10.93 billion) due to the continuing decline of feature phone sales and overall weak demand.

LG Home Entertainment Company third-quarter 2012 sales of KRW 5.49 trillion (USD 4.84 billion) were led by an increase in LCD TV sales, offsetting sluggish global demand. Percentage sales attributed to 3D TVs and LED TVs increased quarter-on-quarter with unit sales growing in most regions. IT products led by IPS monitors and monitor TVs also increased from the previous quarter. Operating profit of KRW 89 billion (USD 78.55 million) was unchanged from third quarter 2011. In the fourth quarter, the company plans to increase sales of LCD TVs by expanding marketing of CINEMA 3D Smart TVs and enhancing its premium brand positioning with the new Ultra HD TV.

LG Mobile Communications Company improved significantly in the 2012 third quarter, recording operating profit of KRW 22 billion (USD 19.42 million) due in large part to healthy sales of LTE smartphones in Korea, Japan and the United States. In addition, Optimus L-Series continued to expand into 3G markets, contributing to the sales increase. Revenues increased by 5 percent quarter-to-quarter to KRW 2.45 trillion (USD 2.16 billion) as shipments exceeded 14 million units, an increase of 9 percent from the previous quarter. The company expects to further increase its shipments and revenue in the fourth quarter with the global launch of the Optimus G superphone and sales of Optimus Vu: 2 in Korea.

LG Home Appliance Company reported improved sales and operating profit from the same quarter last year. Revenue increased 6.4 percent year-over-year to KRW 2.87 trillion (USD 2.53 billion) and operating profit of KRW 129 billion (USD 113.86 million) reflected strong sales in the United States as well as emerging markets. With global appliance demand stagnant, the fourth quarter will be challenging but additional marketing promotions and new model launches should help offset the situation.

LG Air Conditioning and Energy Solution Company posted a 3 percent year-over-year sales decline to KRW 974 billion (USD 859.66 million) while profitability increased slightly from the same period the previous year. The company expects worldwide demand to remain sluggish but the trend toward more energy efficient products should help drive demand in its commercial air conditioning systems business.

2012 3Q Exchange Rates Explained
LG Electronics’ unaudited quarterly earnings results are based on IFRS (International Financial Reporting Standards) for the three-month period ending September 30, 2012. Amounts in Korean Won (KRW) are translated into U.S. Dollars (USD) at the average rate of the three-month period in each corresponding quarter: KRW 1,133 per USD (2012 3Q) and KRW 1,082 per USD (2011 3Q).

Earnings Conference and Conference Call
LG Electronics will hold a Korean language earnings news conference on October 24, 2012 at 16:00 Korea Standard Time at the LG Twin Tower Auditorium (B1 East Tower, 20 Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea). An English language conference call will follow on October 25, 2012 at 10:00 Korea Standard Time (01:00 GMT/UTC). Participants are instructed to call +82 31 810 3069 and enter the passcode 9084#.
The corresponding presentation file will be available for download at the LG Electronics website
(www.lg.com/global/ir/reports/earning-release.jsp) at 13:30 on October 24, 2012.
Please visit http://pin.teletogether.com/eng/ and pre-register with the passcode provided. For those unable to participate, an audio recording of the news conference will be available for a period of 30 days after the conclusion of the call. To access the recording, dial +82 31 931 3100 and enter the passcode 142670# when prompted.

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Report: HTC shuts down South Korea office over sinking handset sales

Smartphone manufacturer HTC just announced that it closed its South Korea office due to low device sales in the country. The Taiwan-based company, which produces many Android handsets, suffered financial declines in recent quarters due to stiff competition in the market.

According to Korean news site Yonhap:

  • “Taiwanese handset maker HTC Corp. is set to pull out of South Korea following fruitless attempts to stay afloat in the local market dominated by the world’s top smartphone maker Samsung Electronics Co., market watchers said Monday.
  • On Friday, HTC officially announced its plan to close its Seoul office, a move that comes just a few months after its local unit head ended a brief six-month stint due largely to sluggish sales.”

TechWorld elaborated:

  • “HTC did not specifically mention layoffs, and said it was encouraging affected employees to apply for open positions within the company. ‘This is a hard decision that has direct impact on people who have contributed to the growth HTC has experienced the past several years,’ it said in a statement.”
  • South Korea has been a challenging market for foreign vendors including HTC to break into, said Nicole Peng, an analyst with research firm Canalys.
  • HTC had a 2 percent share of the smartphone market in the country for the year 2011, and a 1 percent share in this year’s first quarter, she said in an email. Korean vendors, including Samsung, LG and Pantech, dominate with about a 90 percent of the market.

Get the full report at TechWorld.


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Samsung estimates last quarter profit at a record $5.9B

Set to report earnings its Q2 earnings on July 27, Samsung in a typical fashion has released estimates for quarterly earnings. This quarter, the South Korean-based electronics company estimated a $5.9 billion operating profit, which is a record for the company. Samsung said strong sales of its Galaxy line are leading to so much profit. Samsung already said it expects to sell 10 million Galaxy S III units during the month of July—which is certainly impressive. We will have to wait until the end of the month for the full story. But, at any rate, Samsung does not look like it will lose its title as the technology company with the highest profit. (via Reuters)

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New Samsung CEO has strong relationship with Apple

Samsung officially appointed a new CEO today to replace Choi Gee-Sung, who will now take up a position as head of corporate strategy overseeing Samsung Group’s roughly 80 companies. Choi, who was CEO for over three decades, will be replaced by Kwon Oh-hyun, who Reuters explained is currently head of Samsung’s components business and has deep relationships with Apple. Samsung made a statement claiming there will be no major changes in the way the company operates, because Kwon will continue to run the components business that “became the sole supplier of the mobile processors” for iPhone and iPad under his leadership:

The South Korean group named Kwon Oh-hyun as its new CEO. Currently head of Samsung’s components business, which oversees chips and display, Kwon cemented Samsung’s position in memory chips, where it has almost 50 percent global market share, and expanded into non-memory, or logic chips, which now account for 40 percent of Samsung’s overall semiconductor revenue… Under Kwon, Samsung became the sole supplier of the mobile processors that power Apple’s iPhone and iPad – rival products to Samsung’s own Galaxy and Note. The 59-year-old former engineer, who studied electrical engineering at Seoul National University and Stanford, has also led a restructuring of Samsung’s LCD flat-screen business.

To button or not to button: Samsung reportedly keeps button for upcoming Galaxy 3

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Samsung’s Galaxy S III will feature a home button under the display.

South Korea newspaper Korean Digital Daily (translated) added to the rumor machine today with sources that claim the upcoming smartphone will sport Samsung’s accustomed home button, despite much speculation claiming otherwise.

The Galaxy S III will even boast a five-column icon layout showcased in the Samsung Galaxy Note. This would help the device standout from other Android handsets, and the iPhone, which has maintained a four-column icon layout since its initial 2007 launch.


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Google updates Gmail, Street View, and Google Books for Android

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Google just rolled out updates to a few of its Android apps, the biggest of which brings a ton of new features to “Gmail for Android” 3.2 (Honeycomb) users. Previously, only Android 4.0 Ice Cream Sandwich users had access to features like swiping between conversations, custom notifications for labels, and the ability to sync messages for the last 30 days. All of those features and the rest of the Ice Cream Sandwich Gmail experience are now being implemented for Honeycomb users. The updated app is available on Google Play now, and a full list of the features is below:


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Rumors: Samsung Galaxy S III enters testing in South Korea, abandons PenTile screen display

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The rumor mill is grinding away after a Samsung representative announced the Galaxy S III is now in the testing phase, while other reports indicate the device will sport a Galaxy Nexus-like screen without employing PenTile pixel layout.

AsiaE reported the device is undergoing tests in South Korea. The phase typically lasts two months, but the article suggested Samsung wants testing done sooner. Meanwhile, Korean website DDaily said the smartphone’s 4.65-inch 720p Super AMOLED screen will not employ the PenTile pixel layout.


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In South Korea, Galaxy S II sales surpass 5 million units

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One in 10 South Koreans now own a Galaxy S II smartphone made by Samsung as the company announced that sales of the handset in the 48 million-people country surpassed 5 million units, or more than 10 percent of the country’s population. It took Samsung nine months to hit the milestone since the phone’s release at the end of April 2011.

Strong domestic sales helped Samsung achieve a 53 percent market share for smartphones in South Korean throughout 2011. Japanese business daily The Nikkei said the Galaxy S II is the first handset to sell that many units in the country. In September of last year, Samsung sold 3.5 million Galaxy S II smartphones in South Korea. The 1.2GHz dual-core device comes with a 4.27-inch Super AMOLED Plus display, 1GB RAM, Android 2.3 and is upgradeable to Ice Cream Sandwich.


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While the pilot is using an iPad, first class passengers will be toting Galaxy Tabs – Alec Baldwin notwithstanding

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Hop on board an American Airlines flight this holiday season and your pilot will be wielding an iPad as a flight bag replacement but you – a first-class passenger –  will be treated with a Galaxy Tab 10.1 to keep you entertained. Keen on bringing balance back to the force, the airliner teamed up with South Korea-based Samsung to offer the Galaxy Tab 10.1 on their premium cabins onboard certain transcontinental flights. Here’s the sales line:

Sit back, relax, and let the new Samsung Galaxy Tab 10.1 take you to the movies or catch up on your favorite shows. The new device enables a unique viewing experience, featuring a bold and vibrant LCD, with brilliant colors and crisp definition.

Go past the fold for a list of flights serving some Galaxy Tab in-flight entertainment.

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Eric Schmidt says Motorola Mobility won’t receive special treatment

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After their $12 billion acquisition of Motorola Mobility this summer, many critics began to think Google would favor Motorola over other Android vendors. Google has already assured us that they won’t, but today at a meeting with reporters in South Korea, Google’s Chairman Eric Schmidt said that Motorola Mobility will run separately from the rest of the company. Schmidt said:

“In general, with all of our partners, we told them that the Motorola deal will close and we will run it sufficiently and independently, that it will not violate the openness of Android…we’re not going to change in any material way the way we operate.”

The comments of course are to assure other OEMs, like HTC and Samsung, that they won’t be left in the dark after the recent acquisition. Google so far seems to be holding up to their promise, seeing as the Galaxy Nexus is a Samsung device, but time will only tell. (via Reuters)

Eric Schmidt also made comment today that, “Android efforts started before the iPhone efforts.”

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Samsung on track to sell as many as 10 million tablets in 2011

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Bloomberg reports that Samsung is expecting to sell 5 times as many tablets as it did in 2010.

The company is on track to raise sales of tablet computers by more than five times this year from 2010 as it planned, J.K. Shin, head of Samsung’s mobile-phone division, said at a media briefing in Seoul today.

Samsung said it had sold 2 million Galaxy Tabs (plus a marginal number of Windows 7 Tablets?) as of January 2011.  It had given estimates as low as 1.5 million for the 4th quarter of 2010, the only quarter it sold tablets last year.

That means Samsung believes it can sell 7.5 million – 10 million tablets this year.  Is that good news?
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Google’s South Korea offices raided yet again over Android search

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You know that scene in GoodFellas where the FBI comes to search the house for the 15th time in as many weeks and Karen Hill explains how they are on a first name basis and she’s cordial and serves them coffee while they turn over her house?  That’s how Google’s South Korean office must feel.

Google’s Seoul office has been searched by the police at least twice since August last year amid investigations into whether the company illegally collected wireless Internet data and location information from Android smartphone users.

They got raided yet again by the South Korean government this week over whether the search giant was making it too difficult for local competitors NHN Corp. and Daum Communications Corp., who together control 90% of the Korean Search market, to get their search onto Android handsets.

The charge is that Google delays certification to handset makers who include other companies’ search products, Seongnam-based NHN said in April.  Google will probably say that it takes longer to certify third party software.


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Android Nation: 7 out of 10 smartphones sold in South Korea run Android

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Yonhap News is reporting that 10 million units of Android smartphones have been sold in South Korea. South Korea’s biggest carrier, SK Telecom Co, has a whopping 6.18 million Android subscribers under its belt. KT Corp. is following second with 2.06 million, and LG Uplus Corp hosts 1.86 million and is following with the third spot. The 10 million Android smartphones makes up for 70% of South Korea’s phone market according to the report. Apple’s iPhone, by comparison, has 2.5 million iPhones in the South Korea market on its dominant carrier.  Figures weren’t yet available for SK Telecom.

South Korea is of course the home turf of big Android makers Samsung Electronics Co., LG Electronics Inc. and Pantech Co.

And you thought the US was high with 50%?


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South Korea police cracks down on Google over location tracking

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It didn’t take long for the iPhone location tracking issue to escalate and get blown out of proportion. The story spread like a wildfire as we learned that both Google and Apple were summoned for the May 10 Congressional hearing. That was just a warm up, though. Reuters reports that South Korea police is after the search giant, having raided their Seoul office on Tuesday.

The reason? AdMob, Google’s mobile advertising arm, was illegally collecting location data from Android users without their consent. That’s the official line the country’s authorities provided to Reuters.

The probe into suspected collection of data on where a user is located without consent highlights growing concerns about possible misuse of private information as the use of mobile devices such as smartphones and tablets increases.

A South Korean police official told the news gathering organization:

We suspect AdMob collected personal location information without consent or approval from the Korean Communication Commission.

A Google spokesperson confirmed the raid and said the company was co-operating with investigators. This latest development follows-up on the news that the governments of South Korea, France, Germany and Italy are considering probing Apple over the location data gathering fiasco.

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