samsung electronics co ltd (SSNLF) Key Developments
Samsung Introduces Galaxy S6 Edge Iron Man Limited Edition in Collaboration with Marvel
May 26 15
Samsung Electronics announced the Galaxy S6 edge Iron Man Limited Edition in collaboration with Marvel. Samsung and Marvel have come together in celebration of the technological innovation and creative visual storytelling in Marvel's 'Avengers: Age of Ultron' to introduce this limited edition of the Galaxy S6 edge. The Galaxy S6 edge Iron Man Limited Edition package is equipped with a vibrant red and gold Iron Man-themed Galaxy S6 edge including 64GB of storage and matching wireless charger, as well as a clear cover that enhances the device's exclusive design. The Galaxy S6 edge Iron Man Limited Edition will be available in Korea on 27 May, with China and Hong Kong in June.
Samsung Electronics Co. Ltd. Opens B2B Outlets in Moscow
May 22 15
Samsung Electronics has started a new programme focused on SMEs in Russia. Specialised B2B units have been opened in three Samsung retail outlets in the city of Moscow, offering solutions for the corporate segment. The units were opened in Samsung-branded shops launched in cooperation with the company Inventive Retail Group.
Court Agrees Samsung Copies Some Patented Features in Apple's Iphone
May 18 15
A federal appeals court has upheld a jury's finding that Samsung illegally copied some patented features in Apple's iPhone, but it sided with Samsung on one point that could reduce the $930 million in damages the South Korean company had been ordered to pay. The ruling, coming three years after an epic courtroom battle between two tech industry giants, could mean yet another trial over a portion of damages representing more than a third of the total award. Legal experts, however, say the rivals may be more inclined to negotiate a settlement this time around. In its decision, the U.S. Federal Circuit Court of Appeals upheld most of the findings made by a California federal jury in 2012. The jury concluded that several models of Samsung smartphones and tablets had illegally copied the iPhone and infringed on some of Apple's patents for technology and design - including touch-screen controls that let users 'pinch' or 'double-tap' to shrink or enlarge an image. Although it upheld the patent claims, the Washington, D.C.-based appeals court said Apple wasn't entitled to damages for its claims that Samsung had copied the iPhone's 'trade dress' or overall appearance. The long-running case was one of several lawsuits in which Apple, Samsung and other tech companies locked horns in a global battle for pre-eminence in the smartphone market. The smartphone business is still booming, but the battles have largely shifted away from the legal arena. While Apple won large monetary awards by arguing that Samsung copied some of its products, it had less success in persuading courts to issue injunctions that would have kept Samsung's versions off the market. But since then, the california company's latest iPhone models have been phenomenally popular - and profitable - while Samsung has lost ground in key markets to competitors ranging from Apple to China's Xiaomi. Samsung and Apple agreed last year to settle all patent disputes still pending outside the United States. Some experts believe the companies were awaiting the outcome of appeals in two U.S. cases before settling here. The ruling orders a trial court in San Jose, California, to reconsider about $382 million in damages that jurors previously awarded for the "trade dress" claims, which involved six models of Samsung phones. Santa Clara University law professor Brian Love said Apple could still argue it's entitled to those damages, however, since the same models were also found to have infringed on patents. The same case has already seen one retrial: After a judge cut $450 million from an original damage award of more than $1 billion, a second jury restored the total to about $930 million.
Oberthur Technologies Partners with Samsung for the Launch of Samsung Pay in Europe
May 18 15
Oberthur Technologies announced its partnership with Samsung Electronics for the deployment of Samsung Pay in Europe later this year. The Samsung Pay service will allow Samsung Galaxy S6 and S6 Edge owners to use their smartphone for contactless payments. The S6 and S6 Edge are all equipped with OT's NFC embedded Secure Element (eSE), PEARL by OT. Uniquely positioned to support Samsung, OT provides the end-to-end service from the eSE to the digital payment enablement platform for the roll-out of Samsung Pay in Europe. The end-users on-boarding will also be greatly simplified due to the very intuitive enrolment method offered by Samsung Pay. All the user will need to do is to take a picture of his current payment card (or enter its data) and accept the terms and conditions of the service. Once the user has been properly authenticated by his/her bank, OT will provision the NFC payment card over-the-air in the eSE and it will automatically be available from the Samsung Pay application.
The State of Washington Reaches $63 Million Agreement with Samsung, AU Optronics, Sharp, Epson, Toshiba, LG and Hatachi
May 15 15
The State of Washington has reached a $63 million agreement with nine LCD manufacturers accused of fixing prices for products ranging from flat-screen televisions to computers and cellphones. If a King County Superior Court judge approves the agreement during a May 22 hearing. The state filed a lawsuit in 2010 against a list of companies that make products that use a liquid crystal display, or LCD. The lawsuit claimed these companies conspired to fix prices between 1998 until 2006. The scheme may have increased the prices that customers paid by as much as 20%. The LCD panel can account for 80% of the cost of a device. Larry Gangnes, a Seattle lawyer representing Samsung, declined to comment on the case. Messages left for lawyers with the other companies were not immediately returned. Under the agreement, Samsung would pay the state $12.94 million and AU Optronics $12.5 million. Sharp, Epson and Toshiba also agreed to pay between $950,000 and almost $7 million. Two other companies, LG and Hatachi, had previously reached an agreement in the case for $13 million and $5.2 million, respectively. Eight of the nine companies involved in the case had previously pleaded guilty or were convicted of federal criminal price-fixing charges filed by the U.S. Justice Department. Most of the money will be returned to consumers who purchased the products.