Samsung Electronics Co., Ltd. (KRX:005930) is investing around 53 billion won ($48 million) for a 10% stake in Pantech, the third largest mobile device manufacturer in South Korea, according to Yonhap. This deal will “help further solidify” Samsung’s relationship with Pantech. SAmsung will be a passive investor and will not provide input for Pantech’s management decisions, likely to avoid anti-competitive concerns.
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According to an annual study, consumer satisfaction for the Apple iPhone is dropping at the gain of Samsung and Google subsidiary Motorola. The Apple iPhone is seeing a slowdown in sales due to the constant release of new competitive products by Samsung and Motorola.
Samsung is going to host an $800,000 contest for developers to build apps for the Galaxy S4 smartphone. As part of the “Smart App Challenge 2013,” developers will need to utilize the Samsung Chord SDK. The Chord software interface is used for creating wireless connections between Samsung smartphones without using an online server or mobile phone network. The competition will have 10 winners and the prize money will be distributed between them.
Samsung Electronics Co., Ltd. (KRX:005930) has successfully started developing 5G network technology. The technology is expected to be rolled out in the year 2020, according to Yonhap News. Samsung said that the new wireless technology will make it possible for customers to access a stream of data faster than the current fourth-generation networks and download an entire movie in under a second.
Apple believes that Google is withholding details about the way that Samsung is using Android‘s source code. Apple is asking U.S. Magistrate Judge Paul Grewal in San Jose to force Google to turn over documents that are related to the Android operating system. In Apple’s second patent-infringement lawsuit against Samsung in the same court, they are arguing that Android is used in all of Samsung’s allegedly infringing products and it “provides much of the accused functionality.”
Samsung Electronics has been active in designing TVs that play nicely with mobile devices. Samsung announced today that they have acquired MOVL, a startup that is known for driving innovation in the social TV app revolution by creating connectivity between smartphones and smart TVs through the MOVL Connect Platform.
Samsung has announced a new smartphone known as the Samsung GALAXY Core. The Galaxy Core has a 1.2GHz dual core processor, 8GB of internal memory, 1GB of RAM, a 4.3-inch display (480 x 800), and an 1,800mAh battery. The GALAXY Core also has a 5-megapixel camera. The GALAXY Core supports Dual SIM technology that makes it possible for users to access both SIM cards simultaneously.