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Samsung Result 1/2/2016

Samsung Electronics reported Q4 operating profit of KRW 6.1 trillion ($5.05 billion). Turnover for the quarter was KRW 53.3 trillion ($44 billion). For the full year, operating profit was KRW 26.4 trillion ($22 billion), up 5.6% YoY. Turnover for the period was KRW 200.65 trillion ($166 billion). Average selling price decline negatively affected profitability in … Read more

AptoVision Boosts AV Extension to 250m

AptoVision has announced an integrated chipset for processing and extending UltraHD, 60fps, 4:4:4 AV signals: the BlueRiver 400. The chipset features Plethora, AptoVision’s new engine for AV signal processing. It also delivers what is described as the industry’s longest signal extension range: up to 250m on CAT-x and 30km on fibre. As well as AV … Read more

Mitsubishi Electric Result 01/02/2016

mitsubishi electric

Mitsubishi Electric reported Q3 net profit of nearly 60 billion Yen ($495 million), up 25% YoY. Turnover was 1,028.3 billion Yen ($8.5 billion), up 2% YoY. For the nine month period, net profit was 152.8 billion Yen ($1.26 billion), up 5% YoY. Turnover for the same period was 3,091.6 billion Yen ($25.6 billion), up 4% … Read more

Sainsbury’s Agrees Home Retail (Argos) Deal

J Sainsbury, the UK supermarket chain, has agreed a deal to buy Home Retail Group (HRG), owner of catalogue retailer, Argos, in a deal valued at £1.3 billion ($1.9 billion). Sainsbury’s will pay £1.1 billion ($1.6 billion) for equity of HRG. The firm will also honour an existing HRG agreement, to return £200 million ($291.4 … Read more

Smart TV Rising in Developed Markets

Adoption of smart TVs continues to rise in many markets, especially developed regions and China, says IHS. Consumers are increasingly seeking streaming content from online video services. By 2019, IHS predicts that 50% of TV households in Japan, the USA, the UK, France and Germany will own a smart TV. Smart TV penetration has already … Read more

IDC: Slates Fall as Detachables Enter Spotlight

Despite the Christmas sales period, IDC has reported that the worldwide tablet market fell again in Q4’15. 65.9 million units were shipped, representing a 13.7% YoY decrease. Total shipments for 2015 were down 10.1%, to 206.8 million (from 230.1 million in 2014). Despite the negative result for the overall market, detachable tablets enjoyed a rise, … Read more