Monthly Archives: October 2012
Samsung Electronics has reported record profits in the three months to September, led by strong sales of its Galaxy range of smartphones.
Net profit was 6.5tn won ($5.9bn; £3.7bn), a 91% jump from a year earlier.
Strong demand and improved profitability at its display panel unit also boosted earnings.
However, increased competition and its legal tussles with Apple have raised concerns over its future performance.
“There are concerns that Samsung’s earnings would peak this year,” said Lee Sun-Tae an analyst at NH Investment & Securities.
‘Not sexy enough’
While Samsung has enjoyed tremendous success with its Galaxy range of smartphones, other manufacturers have been releasing new models, crowding the market space.
Meanwhile, HTC and Nokia have also introduced new models powered by Windows 8, as the two firms look to regain some the market share they have lost in recent times.
Analysts said that increased competition means that firms may have to lower their prices to attract buyers as well as spend more on their marketing campaigns – which will dent their profit margins.
Samsung, which derives the bulk of its earnings from smartphone sales, is likely to feel the affect of any such moves.
“It’ll be difficult for Samsung to maintain such a high profit margin from handsets as the market gets crowded,” said Nam Dae-Jong, of Hana Daetoo Securities. Read More
The pundits have declared Barack Obama to be the winner of last night’s third and final presidential debate of the 2012 general election.
The big loser?
It’s not Mitt Romney.
The loser in the bid for buzz was social media itself. Twitter and Facebook, the prime sources of instant commentary on the presidential campaign, rung up lower numbers than the record-breaking response to the first debate.
Call it debate fatigue or social media overkill.
Besides the spike in activity over Obama’s “fewer horses and bayonets” comment, Twitter came 4 million tweets short last night of breaking the record set by the first presidential debate.
Despite the social media slump, both campaigns were able to enlist new followers on various social media platforms.
And who was the winner?
Even though Republicans clearly approached social media with a specific strategy in mind, Obama’s team was once again able to engage more users throughout the night.
How it all played out:
Breakdown of mentions was provided by U.S. Politics on Facebook (www.facebook.com/uspolitics) and @gov on Twitter (www.twitter.com/@gov). (Jana Kasperkevic/Hearst Newspapers)
This might have been a foreign policy debate, but the conversation often strayed to other topics as well, including economy (20 percent), taxes (7 percent), and energy and environment (4 percent). Read More
The holidays are undoubtedly one of the most aggressive times of the year for game retailers, with multiple consoles competing for a place in your living room. This year is perhaps going to be one of the most aggressive, especially with the Nintendo Wii U hitting the market in November and rumors surrounding Microsoft and Sony’s next consoles circulating. Along with the anticipated holiday bundles, both Nintendo and Microsoft have announced price cuts for their respective consoles. While the Wii andXbox 360 are pushing 6 and 7 years respectively, the price cuts are an effort to ship more units of the ageing hardware. Any sort of a price reduction is welcome, but you’ll still notice a huge contrast in prices between the two systems.
For Nintendo’s part, they are bundling together a black Wii system and two games, Wii Sports and Wii Sports Resort, which will be packaged on one disc. The price reduction is $129.99 US, which is $20 less than most retailers are currently selling the system for. The value of this new bundle will depend on how much you enjoy the Wii Sports titles, as this will now be the default pack-in game for the console. The previous bundle retailed for $149.99 and included New Super Mario Bros Wii, which on its own still retails for $60. In that respect, the price drop is not as grand as it might initially seem. Having said that, you would be hard pressed to argue that the Wii is still the more affordable system when compared to its competition. Read More