Samsung Financial News

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labour market data spurred the threat of inflationary pressures, leaving room for more rate hike by the Fed. Earlier, the minutes of the Federal Reserve’s June meeting also showed that most central bank officials would support more interest rate increases ahead. In Asia, Japanese household spending fell 4.0% in May from a year earlier, a third month of decline, government data showed, Reuters reported.

OTTplay Premium, India's first AI-powered streaming, recommendation, and content discovery platform, is excited to announce its partnership with NXTPLAY, the digital media division of Hinduja Global Solutions Ltd. (HGS). This collaboration will offer NXTPLAY users 17+ OTTs, 150+ live channels, 50,000+ movies & web-shows and personalized recommendations to help navigate the OTT world.

Amazon Prime Day sale on July 15-16. The e-commerce giant is bringing all big smartphone brands like Apple, OnePlus, Motorola, Samsung, Oppo, Redmi, Xiaomi, Realme, IQOO, Tecno and Nokia, among others, under one roof with a wide range of discounts. This is the perfect time to update your smartphone as devices like OnePlus 11, OnePlus 11R, iPhone 14, OnePlus Nord CE3 Lite, iQOO Neo 7, Samsung Galaxy M33, OnePlus 10R, Redmi Note 12, Samsung Galaxy S20 FE, Oppo A78, iQOO 11 and iQOO Z7s, etc, will be available at jaw-dropping discounts.

Samsung is sending out media invites for the event where it says: “A new cultural driver is coming. Come along on our journey to discover an all-new Galaxy as we showcase our latest technologies designed to open possibilities and transform lives. It’s going to make you want to Join the flip side." Samsung Galaxy Unpacked event will begin at 4:30 pm IST.

Samsung Electronics' June-quarter profit is expected to plunge 96% year-on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant's cash cow business despite a supply cut. Operating profit for the world's biggest maker of memory chips, smartphones and TVs likely fell to 555 billion won ($427 million) in the April-June quarter, according to a Refinitiv SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate.

Apple in India is increasing its focus on retail stores to shore up revenue this year. It has raised the sales target of the franchisee-owned exclusive retail stores in India by up to 100% and started offering discounts at its two company-owned brick-andmortar and the online store in India, three industry executives said. These strategies indicate the iPhone company is seeking doubledigit revenue growth in India, they said. Apple has rolled out a ‘student’ offer in its company-owned stores which includes a discount and freebies on Mac computer and iPad tablets whereby the total deal value is steeper than what is available in the franchise-based Apple Premium Reseller stores, the executives said. The company that had increased the sales target for its Premium Reseller stores in the last has done so in the current quarter as well. For some, it is almost doubled on a year-on-year basis. There are 200-plus such stores in the country. An email sent to Apple India remained unanswered till Wednesday press time.

₹1,000. Other Indian brands also plan to launch inexpensive smartphones. After having lost out to Chinese brands nearly a decade ago, can the Indian brands cut it in today’s market? Mint decodes.

During the Prime Day Sale, shoppers can expect massive discounts on popular categories like electronics, fashion, home appliances, books, and more. Whether you've had your eye on that latest smartphone, trendy fashion apparel, or a kitchen gadget you've been longing for, now is the perfect time to make your purchase. Prime members not only get access to the best deals but also enjoy additional benefits like fast, free shipping, access to exclusive entertainment content on Prime Video, and much more. If you're not a Prime member yet, now is the ideal time to sign up for an Amazon Prime membership and take advantage of all the benefits Prime has to offer. So mark your calendars and get ready to score some incredible bargains during the Amazon US Prime Day Sale. Don't miss this opportunity to save big on your favourite products!

smartphone, titled Neo 7 Pro. The phone was launched at an event held on July 4. Featuring a powerful Snapdragon 8+ Gen 1 chipset, lightning-fast 120W charging, and a 50 MP main camera, this smartphone may look familiar as it is an international rebranding of the iQOO Neo7 Racing model. Let's delve into further details of this new offering:

Indian market domestically via a partnership with Padget Electronics. Buniac also said that India will serve as an export hub for Motorola to the US, Sri Lanka, and Bangladesh. Simultaneously, Motorola is investing heavily in R&D in several countries, including India, where it is establishing its second camera lab outside the US in Bengaluru.

Samsung consumers can access the Digital Service Center by going to the support menu on https://www.samsung.com/in or directly logging on to www.samsungdigitalservicecenter.com As announced by the company, the digital service center will provide personalized support based on the needs of consumers. This includes a simplified user navigation journey, quick access to category-wise self-help content, category-specific DIY videos, mobile app experience, and model-specific repair and spare part prices at one page.

Google Pixel 8 Pro. The front image shows the fastboot screen with the codename ‘husky’ listed along with 12GB Samsung LPDDR5 RAM and 128GB storage. The display also mentions ‘ripcurrent’ in the bootloader.  On the flip side, one can see loads of stickers pointing out that this is a test device “FOR TEST/EVALUATION ONLY" and that it has not been authorized by the FCC to be sold or leased.

The United Nations body that regulates the world’s ocean floor is preparing to resume negotiations that could open the international seabed for mining, including for materials vital for the green energy transition

China set export restrictions on two minerals the U.S. says are critical to the production of semiconductors, missile systems and solar cells, a show of force ahead of economic talks between two rivals that increasingly set trade rules to achieve technological dominance. The minerals—gallium and germanium—and more than three dozen related metals and other materials will be subject to unspecified export controls starting Aug.

Amazon Sale 2023 is here, where you can find limited-period deals on the best refrigerators in the market. This sale is the ultimate opportunity for homeowners and kitchen enthusiasts to upgrade their appliances without breaking the budget. With a wide selection of top-notch refrigerators to choose from, you can find the perfect model that suits your needs and preferences. But that's not all! Amazon is offering irresistible benefits to make your shopping experience even more rewarding. Enjoy up to 18 months of No-Cost EMI, allowing you to pay for your new refrigerator in convenient monthly instalments. Additionally, you can take advantage of Exchange Offers, where you can exchange your old refrigerator for a discount on your new purchase. Don't forget to apply coupons during checkout to maximise your savings. And the best part? Amazon is offering free delivery on eligible refrigerators, ensuring a seamless shopping experience from the comfort of your home. So, gear up for the Amazon Sale 2023 and transform your kitchen with a high-quality refrigerator at an unbeatable price.

Samsung Display has filed a lawsuit against BOE Technology, accusing the Chinese rival of infringing five of its patents for displays used in mobile devices including Apple's iPhone 12. Samsung Display, a unit of Samsung Electronics, asked a federal jury in Texas to award damages for the infringement of patents regarding organic light emitting diode (OLED) displays supplied by BOE. Samsung also seeks an injunction from the court to halt the import and sale of the affected displays.

Smartphone brands such as Samsung, Motorola, OnePlus, Oppo and iQOO have lined up a series of launches across price ranges coinciding with the upcoming ecommerce sales. Industry executives and analysts see the launches as a bid to capture an expected increase in demand during the promotional periods, as well as gather momentum in the lead up to the festive season that starts in August and has assumed increased criticality amid tepid overall demand. As many as eight brands are launching their devices in the next two weeks with online sales set to start from the middle of the month. “There will be some amount of pent-up demand this year, because not a lot of people upgraded their smartphones in the last two years due to macroeconomic headwinds, and lack of 5G networks,” Counterpoint Research director Tarun Pathak said. Counterpoint has observed a change in consumer behaviour where the demand is now concentrated around promotional periods. One in every two consumers is waiting for these promotional events as chances are high that they get a better value for their money, Pathak said.

Years long negotiations are reaching a critical point where the authority will soon need to begin accepting mining permit applications, adding to worries over the potential impacts on sparsely researched marine ecosystems and habitats of the deep sea. Here's a look at what deep sea mining is, why some companies and countries are applying for permits to carry it out and why environmental activists are raising concerns.WHAT IS DEEP SEA MINING? Deep sea mining involves removing mineral deposits and metals from the ocean's seabed.

Cricket World Cup, businesses in India are also set to gain from the matches. The tournament will be held from October 5 to November 19 and played across 10 venues in Hyderabad, Ahmedabad, Dharamsala, Delhi, Chennai, Lucknow, Pune, Bengaluru, Mumbai and Kolkata. The pandemic left the hospitality sector ravaged, which has now limped back to normalcy.

Samsung Electronics. In a handwritten letter to Reuters, his first comments to media since he was detained on May 25, Choi Jinseog elaborated on his defence plan and said the allegations against him regarding the Xian plant were not substantiated. Prosecutors earlier this month indicted the former Samsung executive for illegally obtaining secret information to build a semiconductor plant only 1.5 km (1 mile) from a Samsung factory in Xian, China.