Samsung will be unveiling its Galaxy S24 smartphones on January 17 next year at San Jose, TheElec has learned.The date is two weeks earlier than its Unpacked for the Galaxy S23 smartphones held this year.It is also the first time that the South Korean company is holding its Unpacked event in San Jos

Samsung will be using a frame case made out of titanium in its upcoming Galaxy S24 Series, TheElec has learned.The Ultra model in the series will be the first to adopt the titanium material and the company plans to expand the application depending on reception, sources said.Apple was the first to ap

LG Electronics said it expects to ship fewer OLED TVs this year compared to last year due to an inadequate supply of OLED panels in the market from the economic slowdownThe South Korean electronics maker said on Friday that TVs were sensitive to consumer income and the recent economic slowdown has c

Samsung’s shipment rate for its latest foldable phones Galaxy Z Fold 5 and Galaxy Z Flip 5 were 10% higher than their predecessors, TheElec has learned.As of mid-September, the tech giant had over 8 weeks of inventory left for the two models, which means they are selling steadily.Samsung orders part

Samsung said Wednesday that it will hold its Galaxy Unpacked event in Seoul, South Korea in late July.The event that will unveil its newest foldable smartphones will be held at COEX and is expected to take place on July 27.It is the first time that Samsung is holding an Unpacked event, where it unve

Samsung is planning to launch a 77-inch OLED TV and a 49-inch OLED monitor during the first quarter of this year, TheElec has learned. These additions mean Samsung will have a total of 3 models of OLED TVs and 2 models of OLED monitors this year. The tech giant already offers 55-inch and 65-inch OLE

Samsung is reviewing a plan to reduce the number of models for its flagship Galaxy S24 series launching next year, TheElec has learned.The tech giant had so far launched three models for its flagship Galaxy S series; standard, Plus, and Ultra.Samsung usually starts the development of a smartphone a

Hyundai Motor chairman Chung Eui-son met CATL CEO Zeng Yuqun earlier this month to discuss using the Chinese battery maker’s products on its car models, TheElec has learned.Zeng, who also goes by Robin Zeng, was accompanied by three president-level executives in his meeting with the chairman of the

Samsung is planning to manufacture 59.86 units of smartphones using joint development manufacturers (JDM) next year, TheElec has learned.The company shared this plan with its suppliers in its recent meeting with them where it laid out its annual plan for 2023.Samsung currently uses four JDMs, includ

Samsung’s mobile business, called Mobile Experience business by the company, took considerable time on its foldable smartphone strategy in a meeting with suppliers conducted during the third week of October, TheElec has learned.During the meeting, Samsung shared with suppliers that it believes the f

Samsung Electronics is planning to manufacture 290.68 million units of smartphones in 2023, TheElec has learned.This is 13% of the production target of 334.2 million units it had set near the end of 2021 for this year.Manufacturers always set a production target around 10% higher than their shipment

Samsung is aiming to ship over 40 million units of TVs next year despite the negative outlook in the sector, TheElec has learned.The tech giant wants to cement its leadership position in the sector and considers the 40 million units the minimum it must ship annually, sources said.Around 39 million u

Samsung has postponed the development of a new line of tablets due to the continued low demand for consumer electronics from the global recession.Development for the Galaxy Tab S9 series was scheduled to start in December but this has been pushed back to 2023, sources said.The company is planning to

Samsung has dropped its smartphone shipment target for 2022 from the previous 300 million units to 260 million units, TheElec has learned.Earlier in the year, the South Korean tech giant had planned to manufacture a total of 334 million units of smartphones with the goal of shipping around 300 milli

Samsung will ship 11 million units of its upcoming Galaxy Z Fold 4 and Galaxy Z Flip 4 foldable smartphones by the year’s end, analyst firm Omdia says.While when achieved, this will be over 50% higher than last year’s shipment for Fold 3 and Flip 3, it falls short of the tech giant’s internal target

LG Electronics has offered compensation to current and former employees for the patents they helped develop, TheElec has learned.It marks the first time for the company to offer such compensation.LG Electronics has currently involved in around 50 lawsuits with employees over patents, which likely sp

As Samsung is gearing up for the launch of its new foldable smartphones this year, it has in turn set a more conservative shipment target for its follow-ups to launch next year, TheElec has learned.This was because of the overall dim outlook for smartphone sales going forward as well as economic und

Samsung has temporarily suspended the purchase of liquid crystal display (LCD) panels due to low demand for TVs, TheElec has learned.It had sent such a notice in mid-June and those affected by the halt include display panel makers BOE, CSOT, HKC, AUO and Innolux, sources said.The move is expected to

Samsung had nearly 50 million units of smartphones in distributor stocks, TheElec has learned.Its mid-tier Galaxy A series took up a huge portion of smartphones in inventory being read to be sold, sources said.They said Samsung is aiming to ship around 270 million units of smartphones this year and

Samsung’s share based on shipment in premium TVs in China has dropped substantially over two years, analyst firm Display Supply Chain Consultant (DSCC) says.Samsung’s late-20% share in 2019 dropped to late-10% in 2021, the firm said.It dipped below 20% for the first time during the fourth quarter of