LG Electronics lost its final appeal against the ruling of European Union and has been asked to pay more than EUR 540 million.
The European Commission (EC) in 2012 had slapped seven top electronics companies with total EUR 1.5 billion for running up a price-fixing cartel for cathode ray tubes (CRTs).
Philips took the harshest penalty of €313.3 million, followed by a €295.6 million fine for LG. The companies were also hit with an additional €391.9 million penalty for the conduct of their joint venture.
Samsung was penalized €150.8 million, Panasonic got hit for €157.5 million and the other offending companies received smaller fines ranging from €7.8 million to €86.7 million.
The commission stated the fact that the companies had fixed prices, shared markets, allocated customers and restricted the output of color display tubes used in computer monitors and color picture tubes used in television sets.
Between 1996 and 2006, the EC said, the companies manipulated the market for cathode ray tubes, the central component in most older televisions and monitors.
CRT-based displays have largely been replaced by monitors using liquid crystal display and plasma technology in recent years, and the decline of the technology was one of the driving forces behind the cartel.
Source: NDTV , Law 360
Image Source: The IPKat
Display – 6.30-inch
Processor – 1.6GHz octa-core
Front Camera – 8-megapixel
Rear Camera – 12-megapixel
Resolution – 1440*2960 pixels
RAM – 6GB
OS – Android 7.1.1
Storage – 64GB
Battery Capacity – 3300mAh
After almost a two-year gap, Samsung is back with its Note series with the latest Galaxy Note 8 launched in India on September 12, 2017. The last phone in the series Note 7 was technically announced in India, but never hit the stores, prior to that Note was launched in the country in 2015.
Note 8 is becoming the talk of the town for its 6.3-inch display along with the price tag of Rs 67,900 attached with the model. The bezel-less Infinity display in the phone ensures that the phone has a more compact factor compared to the other six-inch-plus displays.
With a 18.5:9 aspect ratio and S Pen support, Note 8 sports the largest screen ever on a Samsung Galaxy Note handset. Other features include the dual rear camera setup, first for any Samsung smartphone till date, along with iris scanner and face recognition feature.
Another highlight in the Note 8 is the Bixby virtual assistant. Bixby is more efficient in understanding Indian dialects, accent and context, giving the phone a stronger market in the country.
Launched in its 64 GB inbuilt storage variant, the smartphone will be available in Maple Gold and Midnight Black colours. Apart from select Samsung retail stores and the Samsung online store, the phone will also be available on Amazon. Pre-bookings in the country will be available now and shipping to users will be started from September 21.
Along with the phone, the buyers will be getting a free clear case, and AKG-tuned headphones. A free wireless charger bundled with the smartphone, as well as a one-time screen replacement will be bonus offers for early buyers.
Sources: Indian Express, NDTV
South Korean technology major, Samsung is set to retrieve 157 tons of gold, silver, cobalt, copper and other metals from millions of Galaxy Note 7 smartphones that were recalled last year, due to faulty batteries and heating issues.
This move is aimed at reducing technological waste. Though the company has not clarified how it would use these retrieved materials. So far, the phone’s display modules, memory chips, camera models and other components for sales or recycling.
According to Business Standard, in South Korea Samsung has already begun selling 400,000 units of Galaxy Note FE made from unused parts of the recalled smartphones.
When several airlines refused to allow passengers carrying Note 7 onboard due to safety concerns, around three million Galaxy Note 7 handsets were returned to Samsung, making it the largest recall for Samsung ever, costing the organistion over $5 billion and hampered its reputation. It was reported that the smartphone catches fire. The sheer numbers of recall made groups like Greenpeace express concern regarding the rising wall of tech waste that is harming the environment.
Even though in April 2017, Samsung posted its highest quarterly net profit from the sales of memory chips, leaving behind its Note 7 debacle; it has come under pressure on wider fronts.
Sources: Business Standard, NDTV
Samsung’s most recent client benefit battle appears to have struck the right chords with its target audience. The latest video campaign of Samsung where it has aimed to convey the impact of timely service has 100 million views. The campaign showcases a Samsung engineer making way to a remote hilly area in a service van to take into account a customer complaint of a television set.
Running high on emotional and social values, Samsung creative has shown the engineer taking the van through an extreme territory where he finds out the complaint was made by a blind girl.
The Electronics major Samsung, said that campaign film #SamsungService is the fastest advertising video to cross 100 million views in Consumer Electronics and Smartphones classification over all classes in India, as on February 20, 2017. “The film is also the fastest among advertising videos on YouTube in India to cross 100 million views and has so far garnered over 224,000 consumer engagements on various social media platforms,” says Samsung in its press release.
Samsung also claims it has achieved the growth in its Indian service network from 2000 to 3000 points. Currently running with 535 service vans, Samsung has reach in over 6000 talukas across the India.
News Source: Economic Times, Financial Times
Image Source: Global News
Samsung Electronics Co Ltd is allegedly in talks with LG Chem Ltd to make LG one of its smartphone battery suppliers. Chosun Ilbo newspaper on Monday reported –“a move that would diversify its supplier base after the failure of its Galaxy Note 7”.
Currently, Samsung Electronics, the world’s top smart phone maker solicites Note batteries from China’s Amperex Technology and a group firm Samsung SDI.
An industry official was quoted in Chosun Ilbo saying that more than a 90 percent chance was there of a deal being struck and added that Samsung Electronics would likely begin using LG Chem batteries in their final products from the third quarter of next year.
Officially LG Chem spokesman was not ready to comment, while the Samsung Electronic spokeswoman did not give an immediate comment on the same.
Not long ago, in early September this year, Samsung Electronics declared a recall of 2.5 million fire- prone Note 7s, due to a defect in the Samsung SDI battery. Later, in October the production of $882 device was shut down as the battery in replacement phones developed by China’s Amperex Technology also started catching fire.
At the moment LG Chem only makes phone batteries for US based company Apple Inc and its affiliate LG Electronics.
Source : NDTV, Business Insider
After a Samsung Note-2 phone caught fire in a Singapore-Chennai Indigo flight, the authorities of Directorate General of Civil Aviation (DGCA) have issued an advisory which now enables the passengers to carry their phones in the check-in baggage. The authorities of DGCA have also asked the passengers to carry it in their hand bags and not to charge the phone or switch it on during the flight time. The message was spread through social media when Vistara Airlines tweeted about it on Saturday evening. The tweet mentioned, “As per the DGCA, carriage of Samsung Galaxy note 7 and Note 2 is prohibited in check-in baggage. You may carry it on board, but it must not be switched on or charged on board and quote This is a completely new air safety hazard. Every personal electronic device (PED) has a battery. These devices are used and charged on board all the time. The DGCA is keeping in check with its European counterparts and FAA to avoid this situation globally. A similar warning was issued by the US Federal Aviation Administration on September 9, 2016 when a Galaxy Note 7 caught fire in a flight. Earlier a Boeing 787 Dreamliner was grounded by the FAA authorities due to battery fires. Etihad Airways has imposed a temporary ban on the in-flight use of the device and battery charging as a precautionary measure after the news broke out. This has been imposed till the issue is rectified by the manufacturers. The authorities later contacted Samsung who acknowledged the incident and assured to look into the matter. The company has suspended its shipping of the new flagship mobile phones globally after the news of exploding “phablets” hit the market.
Hewlett-Packard will take over Samsung’s printer business, valued at $1.05 billion. This acquisition will help computer giant firm HP to bring more than 6,500 patents of printing and 6,000 employees from all around the world which includes 1,300 researchers and engineers.
Last year HP got separated into two business where HP Inc controlled the printers and computers business and Hewlett-Packard Enterprise took charge of the software business and focused on data storage.
“When we became a separate company just 10 months ago, it enabled us to become nimble and focus on accelerating growth and reinventing industries,” said Dion Weisler, HP Inc’s chief executive.
After closing this transaction within 12 months, HP informed that Samsung will be investing USD 100-300 million through equity in open market purchases.
Due to outdated copiers and machines that require inefficient service and maintenance agreements, HP said that customers were frequently distressed and so, this deal would enable them to invest in advanced technology.
The deal will also help HP to serve their customers better in the global laser printing market, where it has mutual beneficial partnership with its printing engine suppliers, Canon, in its current product line.
News Source: BBC – http://www.bbc.com/news/business-37337989
Firstpost – http://www.firstpost.com/business/hp-to-acquire-samsungs-printer-business-for-1-05-bn-3001420.html