Lee Kun-hee, the chairman of Samsung Electronics, says his company’s future will depend on new businesses, new products and new technologies.
He also called upon employees to make the corporate culture more open and flexible.
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Mark Bridge writes:
The really big news last week wasn’t good: 17,000 jobs worldwide are being lost at Nokia Siemens Networks (which, incidentally, is a separate company from both Nokia and Siemens). That’s not far short of a quarter of the total workforce. The company is going to focus on mobile network infrastructure and services, with a particular emphasis on mobile broadband, and is likely to sell off other parts of the business.
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PRADA and LG Electronics have renewed their exclusive mobile phone partnership and have committed to developing a new device, the PRADA phone by LG 3.0, for launch in early 2012.
The original Prada phone - launched as the world’s first touchscreen mobile phone - was introduced in 2007.
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Strategy Analytics has calculated that global smartphone shipments grew by 44% year-on-year to reach 117 million units in the third quarter of 2011.
As a result, Samsung has overtaken Apple to become the world’s number one smartphone vendor.
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LG Electronics has reported financial results for the three-month period ending 30th September 2011.
It says sales were affected by the sluggish global economy, with losses on investments leading to a quarterly net loss. However, it notes that cost controls and efficiency improvements meant operating income improved for all its four companies compared with the same period last year.
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