Hedge-fund billionaire Daniel Loeb’s campaign to pressure Sony Corp. into spinning off its entertainment arm is the latest tremor to ripple through Japan’s electronics industry, already reeling from unprecedented losses stemming from its lost standing in the technology world.
Samsung Electronics said Monday it has made a breakthrough in developing mobile technology for fifth-generation networks, though it expects it will take years until the service is brought online for subscribers.
Having grabbed a big chunk of the profitable smartphone business from Apple Inc. and others, Samsung Electronics Co. now faces a new, enviable Apple-like challenge: a mammoth pile of unspent, accumulated cash.
Samsung Electronics Co. is planning to launch a new eight-inch tablet and a new smartphone built to withstand harsh environments this summer, boosting the company’s large roster of products with several devices designed to appeal to business and government clients.
Samsung Electronics Co. projected a sharp increase in first-quarter operating profit from a year earlier on strong sales of smartphones, a trend analysts expect will continue in the second quarter, when the company begins selling its next-generation flagship smartphone, the Galaxy S4.