Samsung Electronics Co., Ltd. today announced revenues of 56.06 trillion Korean won (R457.61 billion) on a consolidated basis for the fourth quarter ended December 31, 2012, a 7-percent increase quarter-on-quarter. Consolidated operating profit for the quarter hit 8.84 trillion won (R72.16 billion), representing a 10-percent increase on-quarter, while consolidated net profit for the same quarter was 7.04 trillion won (R57,46 billion). The full-year 2012 operating profit was 29.
In its earnings guidance disclosed on January 8, Samsung estimated fourth quarter consolidated revenues would reach approximately 56 trillion (R456,10 billion) won with consolidated operating profit of approximately 8.8 trillion won (R71,67 billion). Highlighting the quarterly performance, Mobile Communications generated quarterly revenues of 27.23 trillion won (R189,21 billion), a 4-percent increase compared with the previous quarter. The growth was mainly driven by solid sales of Samsung’s GALAXY S III and GALAXY Note ll. All told, operating profit for IT & Mobile Communications, which encompasses four business units including Mobile Communications, was 5.44 trillion won (R44,31 billion) on revenues of 31.32 trillion won (R 255,09 billion).
“Despite uncertainties in Europe and concerns over the U.S. fiscal cliff creating a difficult business environment, we did our best this quarter to achieve strong earnings based on a strategic focus on differentiated and high value-added products as well as our technological competitiveness,” said Robert Yi, Senior Vice President and Head of Investor Relations. “Heading into this year, we are expecting a slow recovery in the component business due to reduced capital expenditures, while competition in the set business will intensify further as demand slows and the mid- to low-end market expands,” he added. Mr. Yi also expressed caution over the continued strength of the Korean won in 2013. (more…)
According to My Broadband, Internet service provider Web Africa has reduced the pricing of its uncapped ADSL since the company moved its traffic to Internet Solutions’ backbone.
Prices have been reduced by up to 32% with Telkom and MWeb having also recently offered lower uncapped ADSL pricing to customers.
Web Africa CEO, Tim Wyatt–Gunning says of the latest price cuts that “Internet Solutions has access to the most significant network of broadband hotspots in South Africa, and is busy extending this network along with other wireless technologies.”
Wyatt-Gunning also revealed that other Web Africa products will also receive further price cuts in the coming months.
After the release of a teaser trailer, Samsung USA recently aired its Super Bowl commercial during the fourth quarter of the final game between the Baltimore Ravens and the San Francisco 49ers.
Having been aired during the coveted Super Bowl spot, the 120 second advert has been estimated to be worth over $15 million.
In the Next Big Thing, directed by Jon Favreau (Iron Man Movies), that features the Galaxy Note II and Galaxy Note 10.1, Seth Rogen and Paul Rudd enjoy some comedic banter over who will feature in Samsung’s latest advert.
According to The Wall Street Journal, that has cited sources close to the matter, Sony will be launching the successor to the PS3 .
The announcement is expected to take place at an official Sony PlayStation themed event in New York 20th February where the company plans to talk about the future of Sony having not yet revealed exactly what will be unveiled.
Mxit launched their Preferred Developer Program (PDP) today featuring eight charter members including NATIVE, Kazazoom and Deloitte Digital RSA.
Andy Volk, VP of Developer Relations at Mxit, says, “We created the PDP with a long-term goal to recognize and reward the best developers focused on building apps for third parties from our growing community.”
“The program is designed to connect people who want custom Mxit apps built with the best developers available for hire. It’s also a great opportunity for us to acknowledge some of the best developers on Mxit who continue to build on their knowledge and insight of what works,” says Volk.
Since the social network embraced its open platform strategy in 2012, it has seen an increasing need for excellent developers who can design, build and manage fully integrated and engaging applications for clients such as Media 24, Colgate and a number of South African financial institutions.
“In the past, the challenge for clients has been finding the right people to build their apps. The introduction of our Preferred Developer Directory, which lists developers’ details as well as their Mxit portfolios, solves that by helping clients find the right developer for their needs,” says Volk.
According to a report by Bloomberg, sources close to the project have revealed that Apple is in negotiations to carry Time Warner’s HBO Go application on Apple TV in the U.S. This is likely to become available some time in mid-2013.
The HBO Go app is currently available for iPhone and iPad and will mark the first app on Apple TV that requires pay-TV authentication.
Apple TV is an inexpensive set-top device that streams content that is purchased on iTunes to consumers’ televisions and has been available in South Africa for about a month.
With this new deal, HBO’s audience, a channel available to cable and satellite subscribers only, will now be able to watch hundreds of hours of shows and movies on Apple TV. HBO offers a number of popular television shows including True Blood, Girls, Boardwalk Empire and Entourage.
While the HBO app might not be available to South Africans, some enterprising individuals have found ways to get these services, like Netflix, onto their SA based Apple TV.
RIM (now BlackBerry) has been having a tough time of late – its phones have quickly fallen out of favour from even die-hard crackberry fans, and the competition is more stiff than ever. Users of high-end smartphones have flocked to Android and iPhone, and even enterprise customers have moved to these alternative devices.
Problem was that until now BlackBerry devices have had to do with sub-par software, poor app selection, slow browsers etc. But fans lived with these issues for the benefit of having flat-rate data in the form of BIS. But time has moved on, and the potential benefit of having flat rate data is just not relevant anymore in the high end smartphone world.
BlackBerry’s BB10 devices hope to convince users that they should give up BIS for the benefit of a completely new operating system.
There have been rumblings in our local community that Old Mutual have acquired local finance startup 22seven.
BWB can now confirm that this is true, based on the below internal memo sent to Bandwidth Blog.
The acquisition comes as part of Old Mutual’s strategy to develop digital support for its customers that now wholly-owns the Cape Town based startup.
We previously video interviewed Christo Davel, the founder of 22seven about his new company.
Davel has now officially commented on the acquisition saying, “We’re fired up about where we can now take 22seven, and I don’t just mean geographically. We’ve always had big plans for our service, and what we think it’s capable of doing. With Old Mutual’s support, the evolution and enhancement will happen much faster.”
Read the memo below: