For its 2022 campaign, which will highlight the company’s newest line of flip phones, Samsung Electronics has partnered with BTS once more. The Korean word for “purple” is “bora,” which will be quickly identified by those who have reviewed their language. Therefore, the new device colour “Bora Purple” from Samsung is actually “Purple Purple. [embedpost … Read more
Samsung Electronics turns in its best April-June profit since 2018 with an 11% year-on-year rise. Lagging demand for memory chips from server customers offset lower sales to smartphone makers. Operating profit rose to 14 trillion won ($10.73 billion) from 12.57 trillion won a year earlier. Samsung Electronics Co Ltd (005930. KS) turned in its best … Read more
KARACHI: Irfan Ahmed, an electric generator assembling business owner in Karachi and a Perkins’ authorised distributor, calculates at least 20 per cent decline in his January revenues and predicts a similar trend in the months ahead. “Just in two days, the cost of materials and parts we use surged around 10 per cent because … Read more
SEOUL: Samsung Electronics expects operating profits for the fourth quarter to soar 52.5 per cent, the South Korean tech giant said in a statement on Friday, spurred by record sales. The world’s biggest smartphone maker forecast 2021 fourth-quarter operating profits at around 13.8 trillion won ($11.5 billion), up from 9.05 trillion won in the same quarter … Read more
AS VEGAS: Electronics giant Sony unveiled Tuesday a new prototype of its Vision-S electric vehicle and announced the founding of a company to explore jumping into the rapidly growing market. The Japanese firm, better known for its TVs and video game consoles, will create the Sony Mobility subsidiary in spring 2022 as it weighs entering … Read more
RIYADH: Saudi-based United Electronics Co, known as extra, to inject one billion Egyptian pounds ($64 million) as an initial investment for a fully owned subsidiary in Egypt, marking its first expansion outside the Gulf Cooperation Council, Arab News quoted the company, as saying, in a bourse filing. The expansion in Egypt will be financed entirely from the … Read more
ISLAMABAD: The large-scale manufacturing industries (LSMI) production grew 3.56 per cent during the first four months of the current fiscal year, compared with the corresponding period of the last year, Pakistan Bureau of Statistics (PBS) reported. The LSMI Quantum Index Number (QIM) was recorded at 140.50 points during July-October (2021/22) against 135.66 points during July-October … Read more
RIYADH: Saudi Arabia’s e-commerce market value increased 60 per cent between 2019 and 2020, and is now forecast to exceed SR50 billion ($13 billion) by 2025, Arab News quoted a new analysis. Boston Consulting Group’s report, prepared jointly with Meta, explains e-commerce’s large growth relative to the traditional retail sector. E-commerce sales in Saudi Arabia have been … Read more
Saudi Arabia and Taiwan-based Foxconn Technology Group are looking to form an electric vehicles joint venture, in a move that could boost the kingdom’s effort to diversify its economy. The parties aim to sign the deal by the end of 2021, but plans are still subject to change, Bloomberg reported. The majority stakeholder of the joint venture … Read more
HEFEI: In the blink of an eye, a laptop is churned out from the busy production lines at LCFC (Hefei) Electronics Technology Co, Ltd., the largest PC R&D and manufacturing base of Chinese tech giant Lenovo. The once-complicated process of computer manufacturing, which includes product ordering, design, production and testing, can now be accomplished by … Read more
ISLAMABAD: The Large-Scale Manufacturing (LSM) production grew 36.84 per cent on a year-on-year basis during the month of May 2021, compared with the corresponding period of the last year, the Pakistan Bureau of Statistics (PBS) reported on Wednesday. The LSM Quantum Index Number (QIM) was recorded at 139.55 points during May 2021 against 101.98 points … Read more
Korean tech giant LG Electronics has introduced a new disinfection robot in South Korea aimed at helping to curb the spread of the COVID-19 pandemic. As per reports, a second wave of the COVID-19 pandemic is sweeping through several countries bringing back the need to maintain protective measures ranging from the use of nose masks, physical distancing, and other … Read more
