Samsung Electronics Co., Ltd. (KRX:005930) has reported that it had a successful opening weekend for the Galaxy S5, but the company did not provide any specific numbers. The S5 launched globally on April 11th in over 100 countries. Samsung Electronics said that the S5 sold better than last year’s S4 opening weekend. Samsung said that there was a high demand for the S5 in countries like India, Saudi Arabia, and France. It is especially popular in the Middle East because it is resistant to sand and dust damage.
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Samsung Electronics has launched the Galaxy S5 for sale across the world in 150 countries, including the U.S., U.K., and Australia. Retailers that are carrying the mobile phone includes Best Buy, Amazon, Radioshack, Carphone Warehouse and Phones 4U.
Apple Inc. (NASDAQ:AAPL) is signing up new ad agencies to take on companies like Samsung and Microsoft. According to AdAge, Apple is signing four new agencies. The new agencies would be focusing on “user experience” and “digital strategy.” Samsung is spending a lot of money on TV and Internet ads to fight Apple for market share and Apple is ready to aggressively retaliate.
Samsung Electronics Co., Ltd. (KRX:005930) said that operating income for January-March dropped 4% over a year earlier in an earnings preview. The operating income for the first three months of the year hit 8.4 trillion won ($8 billion) compared to 8.8 trillion won a year earlier. Sales are flat at 53 trillion won. Samsung will be announcing its full financial results, including net income this month.
The White House is not happy about Samsung’s commercial use of a selfie that Red Sox player David Ortiz took with President Obama this week.
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Verizon Wireless subscribers can now pre-order the Samsung Galaxy S5 smartphone through the Verizon website. The S5 costs $250 with a standard two-year agreement.
Apple has filed a $2 billion lawsuit against Samsung Electronics in a U.S. court. Last time Apple and Samsung squared off in court was in 2012 when Apple won a $1 billion judgment that Samsung is appealing. The lawsuit in 2012 focused on design patents.
Today Apple and Samsung are facing off in court again. Lawyers will begin selecting a jury for a new trial that will address a new line of complaints against a different set of phones. Apple and Samsung lawyers will get 25 hours to argue their case, which will take the trial through most of April. A lot of this time will be spent on discussing the design of Apple and Samsung’s phones. Apple has accused Samsung of copying some of its designs and functionality to get ahead in the smartphone market.
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