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Samsung

6 Results / Page 1 of 1

Business & Lifestyle

Samsung announces disappointing 3Q results

JH Han, vice chairman and CEO of Samsung, speaks on stage during the Samsung press conference at the 2022 International CES, at the Mandalay Bay Convention Center in Las Vegas January 4. SEOUL (UPI) -- South Korea's Samsung Electronics announced Friday that its third-quarter operating profit is expected to be $7.66 billion, down a whopping 31.7% from a year ago. It's the lowest profitability level for the company since the first quarter of 2021 and falling short of the $8.3 […]

October 12, 2022 10

Business News

Samsung’s new 110-inch MicroLED TV costs a pretty penny

DEC. 15 -- Consider looking for a fancy new television if you've recently made that upgrade to PlayStation 5 or Xbox Series X. For most Samsung TV aficionados, you might have to sit on the sidelines for this one. Unfortunately, some traditional gamers might not be able to shell out for Samsung's latest product. Samsung's latest 110-inch MicroLED TV is not for the faint of heart. Are you sitting down? You might need a breather once you find out. You […]

December 15, 2020 6

Business & Lifestyle

Intel reclaims top position in semiconductors over Samsung

SEOUL (UPI) -- Samsung Electronics lost its top-ranking position in the semiconductor market last year, as U.S.-based Intel beat the South Korean company, according to global research firm Gartner. The firm said Wednesday Intel's 2019 revenue amounted to $65.8 billion -- down 0.7 percent from a year before -- for a total market share of 15.7 percent. Meanwhile, Samsung saw its sales plunge 29.1 percent to $52.2 billion year-on-year, with a market share of 12.5 percent. Samsung, the world's largest […]

January 16, 2020 11

Business & Lifestyle

Circuit City to relaunch as online store in February

LAS VEGAS/NEW YORK (UPI) -- Electronics retailer Circuit City announced it plans to relaunch its brand after going out of business. Circuit City CEO Ronny Shmoel announced the brand relaunch at the Consumer Electronics Show in Las Vegas on Monday, stating it will focus on the retail verticals of e-commerce, mobile, technology, omni-channel commerce. "Under new ownership, Circuit City will relaunch with a dynamic, social-focused e-commerce site, along with various concepts of innovative retail stores, and unprecedented e-commerce technology offerings," the company said. […]

January 11, 2018 4

Business & Lifestyle

Samsung releases its first biosimilar drug in U.S.

Danielle Haynes, United Press International Writer SEOUL, South Korea (UPI) -- Electronics giant Samsung made its first foray into U.S. pharmaceuticals Monday when it joined efforts with Merck to release a lower-cost version of a rheumatoid arthritis drug. Samsung Bioepis, a subsidiary of the South Korean producer of televisions and smartphones, and Merck Biosimilars released Renflexis, a version of Johnson & Johnson's Remicade. The U.S. Food and Drug Administration gave approval in April to the drug, which the companies said would be sold for […]

July 24, 2017 7

Business & Lifestyle

Samsung unveils seriously wide monitor for $1,500

Doug W. Ware United Press International SEOUL, South Korea (UPI) -- Samsung unveiled an ultra-wide computer monitor on Friday that looks like an LCD TV on steroids. The electronics-maker unveiled the 49-inch CHG90 monitor, which features 3840x1080 high definition resolution and 32:9 aspect ratio. Most normal computer monitors have an aspect ratio of 16:9, the same format as motion pictures. The curved CHG90 features what Samsung calls High Dynamic Range picture enhancement, quantum dot picture presentation technology, a quick 1ms response […]

June 9, 2017 6