China Restricts Use of Foreign Smartphones for Government Officials

China Restricts Smartphones

Details about the extent of these orders are not clear. China is worried about data security and has imposed new rules for companies. Tensions between the U.S. and China impact access to critical technology. China has reportedly issued orders to officials working in central government agencies, instructing them not to use Apple iPhones and other … Read more

Samsung Electronics may face 25% decline in profits

samsung electronics

Samsung could face a 25% loss in profits on a year-over-year basis. This would be the lowest quarterly profit recorded since Q1 2021. Samsung’s mobile division could face a 17% decline in sales. Samsung Electronics Co Ltd’s (005930.KS) third-quarter profit could fall 25%, the first year-over-year loss in nearly three years, as the economy saps … Read more