Samsung has vastly increased the number of Galaxy Ring it plans to manufacture than initially this year due to the positive reception of the device, TheElec has learned.The company initially planned to manufacture 400,000 units than adjust the volume after seeing the market reception for the smart r

Samsung is planning to increase the number of smartphones made through joint development manufacturers (JDM) in China this year.The South Korean company initially planned to manufacture 4.4 million units through its JDM partners this year, but this has increased by 23 million units to 6.7 million un

Samsung manufactured more smartphones and tablets than it aimed to during the first quarter this year, TheElec has learned.The tech giant manufactured 64.5 million units of smartphones and tablets during the quarter, 22% higher than it initially targeted at the year’s start, sources said.Samsung had

LG Electronics has sold 48 patents to Chinese smartphone maker Oppo.According to the United States Patent and Trademark Office, the South Korean electronics maker sold the standard essential patents to Oppo in November.The SEPs are related to codec, the technology needed to compress digital video an

LG Electronics CEO William Cho said on Tuesday that the company was open to equity investment and joint ventures with over-the-top content companies.In the TV market today, FAST, or free ad-supported streaming TV, platforms were gaining attention, the CEO stressed during the electronics maker’s annu

Samsung is expected to launch its new foldable series faster than last year.The South Korean tech giant is planning to start production of components that will be used in Galaxy Z Fold 6 and Galaxy Z Flip 6 in early May, sources said.This is two to three weeks earlier than when it did so for the Gal

LG Electronics said on Monday that it will launch its 2024-model TVs in South Korea next month.The new models in its premium OLED Evo and QNED brands will come with upped AI deep learning and clearer picture qualities, the company said.LG OLED Evo TVs will come in 97, 83, and 77-inch sizes as well a

Apple saw its operating profit jump 550% in South Korea for its 2023 fiscal year.In its filings to local financial authorities on Friday, the company reported revenue of 7.52 trillion won and operating profit of 559.9 billion won for its latest fiscal year last from October 2022 to September 2023.Re

Samsung will be unveiling its Galaxy S24 smartphones on January 17 next year at San Jose, TheElec has learned.The date is two weeks earlier than its Unpacked for the Galaxy S23 smartphones held this year.It is also the first time that the South Korean company is holding its Unpacked event in San Jos

Samsung will be using a frame case made out of titanium in its upcoming Galaxy S24 Series, TheElec has learned.The Ultra model in the series will be the first to adopt the titanium material and the company plans to expand the application depending on reception, sources said.Apple was the first to ap

LG Electronics said it expects to ship fewer OLED TVs this year compared to last year due to an inadequate supply of OLED panels in the market from the economic slowdownThe South Korean electronics maker said on Friday that TVs were sensitive to consumer income and the recent economic slowdown has c

Samsung’s shipment rate for its latest foldable phones Galaxy Z Fold 5 and Galaxy Z Flip 5 were 10% higher than their predecessors, TheElec has learned.As of mid-September, the tech giant had over 8 weeks of inventory left for the two models, which means they are selling steadily.Samsung orders part

Samsung said Wednesday that it will hold its Galaxy Unpacked event in Seoul, South Korea in late July.The event that will unveil its newest foldable smartphones will be held at COEX and is expected to take place on July 27.It is the first time that Samsung is holding an Unpacked event, where it unve

Samsung is planning to launch a 77-inch OLED TV and a 49-inch OLED monitor during the first quarter of this year, TheElec has learned. These additions mean Samsung will have a total of 3 models of OLED TVs and 2 models of OLED monitors this year. The tech giant already offers 55-inch and 65-inch OLE

Samsung is reviewing a plan to reduce the number of models for its flagship Galaxy S24 series launching next year, TheElec has learned.The tech giant had so far launched three models for its flagship Galaxy S series; standard, Plus, and Ultra.Samsung usually starts the development of a smartphone a

Hyundai Motor chairman Chung Eui-son met CATL CEO Zeng Yuqun earlier this month to discuss using the Chinese battery maker’s products on its car models, TheElec has learned.Zeng, who also goes by Robin Zeng, was accompanied by three president-level executives in his meeting with the chairman of the

Samsung is planning to manufacture 59.86 units of smartphones using joint development manufacturers (JDM) next year, TheElec has learned.The company shared this plan with its suppliers in its recent meeting with them where it laid out its annual plan for 2023.Samsung currently uses four JDMs, includ

Samsung’s mobile business, called Mobile Experience business by the company, took considerable time on its foldable smartphone strategy in a meeting with suppliers conducted during the third week of October, TheElec has learned.During the meeting, Samsung shared with suppliers that it believes the f

Samsung Electronics is planning to manufacture 290.68 million units of smartphones in 2023, TheElec has learned.This is 13% of the production target of 334.2 million units it had set near the end of 2021 for this year.Manufacturers always set a production target around 10% higher than their shipment

Samsung is aiming to ship over 40 million units of TVs next year despite the negative outlook in the sector, TheElec has learned.The tech giant wants to cement its leadership position in the sector and considers the 40 million units the minimum it must ship annually, sources said.Around 39 million u