Enterprise

Samsung combines phone division with TVs

Major restructuring incoming

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Corporate restructurings are often uninteresting for consumers. However, if it’s a globally renowned company, one has to stand up and take notice. Samsung, one of those globally renowned companies, just announced a major restructuring which might have implications for the future of its products. Headlining this restructuring, the company is combining its smartphone business with its other consumer products.

Today, Samsung now has two major divisions: one for its semiconductor business and another to handle its consumer lineup. As such, the company has consolidated all its smartphones with its TVs and other consumer products.

The semiconductor division, called Device Solutions, will have former Samsung Electro-Mechanics CEO Kyehyun Kyung heading the group. Meanwhile, the consumer division, called SET Division, will have Samsung’s TV wizard Jong-hee Han as its head.

The new consumer head has a history with the company’s visual displays and televisions. Naturally, a television-focused chief might pose some interesting questions for the company. Will Samsung focus on displays more in the future? If not, will its smartphone arm enjoy better displays going forward?

Besides its ubiquitous line of smartphones, Samsung also offers a lot of components for other tech makers including its displays and semiconductors. Though Samsung’s consumer business is iconic, the company’s chip business is just as profitable, headlined by a more open business model for Exynos.

SEE ALSO: Why I trust Samsung’s Knox security

Enterprise

South Korea investigating Apple and Google for app payments

In hot water

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Both Apple and Google are endlessly circulating in a maelstrom of controversy surrounding their respective app stores. Last year, app developers went up against the two giants for enforcing unfair payment systems against smaller developers. Since then, the issue has raged on. Now, South Korea is going after the two companies for the same problem.

As reported by Reuters, South Korean authorities, specifically the Korea Communications Commission, have decided to investigate Apple and Google for reportedly forcing developers into adopting payment systems inside App Store and Play Store.

Unfortunately, the report does not indicate what the companies exactly did to warrant an investigation. While one can easily cast it off as forcing the system unto others, it can also encompass a failure to meet the requirements on time. Google, for example, has stated that it has (and is still willing to) cooperate with authorities to resolve the issue.

Apple, on the other hand, has not commented on the issue.

Back in 2020, Fortnite, one of the most controversial instances of the issue, was expelled from the App Store and the Play Store for going against the margins demanded by Apple and Google. Since then, other apps, like Tinder, have also seesawed their way in and out of the issue.

SEE ALSO: Google is potentially banning Tinder from Play Store

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Snapdragon partners with Manchester United

Qualcomm gets into more sports

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Technology is quietly merging with sports. For a while now, a few of the world’s biggest companies have partnered with teams in various sports. Just this year, we’ve seen logos in the NBA and in Formula One. Now, it’s time to see the same in the Premier League. In another surprising move, Qualcomm and Snapdragon have partnered with Manchester United.

Manchester United is one of the most recognizable teams in the world, even outside of football. Because of the team’s popularity, the agreement is a big grab for Qualcomm. The company, especially the Snapdragon brand, will likely feature prominently around the team’s events. However, the bigger question is what the tech brand can bring to the world of football.

According to Qualcomm’s announcement, Snapdragon will help the team “create unique events and experiences for Manchester United fans at Old Trafford [the team’s home stadium] and around the world.” At the same time, the company will also improve connectivity at Old Trafford. Given what the company has done before, it’s also likely that it will provide the team with any tech needs the latter might have.

Surprisingly, this isn’t Qualcomm’s first sports partnership this year. Earlier, the company also announced a partnership with Ferrari’s Formula One team. Similarly, Google partnered with a competing Formula One team, McLaren. And, speaking of Google, the company also made the Pixel 6 series a major presence in the NBA last season.

Sports is one of the world’s most popular pastimes. Partnerships like these can work wonders in terms of a company’s presence, albeit to surprising results.

SEE ALSO: Qualcomm announces surprising partnership with Ferrari

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Enterprise

Xiaomi now No. 266 in Fortune Global 500 List

Improving for the 4th straight year

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For the fourth consecutive year, Xiaomi Group improved their position in the Fortune Global 500 List.

The Chinese smartphone manufacturer is now ranked No. 266, the company’s best spot in the list since making its debut in 2019 and 72 spots better than their last year’s ranking of No. 338.

The milestone is a fitting icing on the cake as Xiaomi Group set records in 2021 in terms of revenue and net profit.

The company’s total revenue increased by 33.5 percent last year, generating RMB 328.3 billion while their net profit improved by 69.5 percent, earning RMB 22 billion. 

Global shipments also hit a high last year, thanks to their Smartphone x AIoT strategy. According to Canalys, Xiaomi also ranks third in global smartphone market share at 14.1 percent.

Other highlights of Xiaomi’s record-breaking 2021 include:

  • Brand ranked first in 14 markets, was in the Top 5 of 62 markets
  • Global MIUI monthly active users reached 509 million (28.4 percent increase)
  • High-end smartphone shipments increased to about 13 percent

Not letting up just as accomplishments continue to pile, Xiaomi also increased its budget for research and development, tallying a 42.3 percent increase in total R&D expenditure.

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