January 28

GOOG: 730.96

30.97
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9to5toys 

Huawei has just sent out invitations to media for an event taking place in Barcelona on February 21st, the day before MWC 2016 kicks off in earnest. Time hasn’t yet been specified, but the event will take place at the Montjuïc Exhibition Centre, a location the manufacturer has used in the past to announce new products.

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electrek 

Samsung has today reported a steep 40% decline in net profits in its Q4 earnings, stating that its chip and component business has been hit by weaker prices. It revealed that net profit for the final quarter of 2015 fell to 3.2T Korean won ($2.7B), significantly short of market expectations.

Facing global economic headwinds, including a sharp fall in oil prices, the company’s fourth quarter earnings fell QoQ, as the components side of the business was impacted by weakened prices for DRAM chips and LCD panels due to overall softer demand in the IT market and PCs.

Samsung’s smartphone business has long been struggling with increased competition from lower-cost Chinese brands, and the WSJ reports that the company expects things to be even tougher this year …

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The European Commission says that the £130M ($185M) tax deal struck between Google and the UK government may amount to “illegal state aid” by offering the company better terms than those available to smaller businesses.

Google first came under fire for its tax arrangements in the UK in early 2013, when it was accused of funneling profits from UK Adword sales through Ireland, resulting in the company paying just £6M ($8.5M) tax on a turnover of £395M ($565M). In the new deal, it agreed to change its accounting practices to pay more tax in the UK, and to pay a lump sum in back tax …

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