http://siamnews.net Asia News with a Business Perspective Wed, 01 Feb 2012 12:24:03 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://siamnews.net/news/14448-2012-gdp-inflation-targets-hard-to-achieve/ http://siamnews.net/news/14448-2012-gdp-inflation-targets-hard-to-achieve/#comments Fri, 27 Jan 2012 04:16:01 +0000 East Asia Forum http://siamnews.net/news/14448-2012-gdp-inflation-targets-hard-to-achieve/ http://siamnews.net/news/14448-2012-gdp-inflation-targets-hard-to-achieve/feed/ 0 http://siamnews.net/tech/14443-samsung-earnings-beat-expectations-even-as-legal-battle-with-apple-weighs-on-company/ http://siamnews.net/tech/14443-samsung-earnings-beat-expectations-even-as-legal-battle-with-apple-weighs-on-company/#comments Thu, 26 Jan 2012 20:05:48 +0000 thailand-business-news http://siamnews.net/news/14443-samsung-earnings-beat-expectations-even-as-legal-battle-with-apple-weighs-on-company/
Samsung said Friday in a regulatory filing that its net profit reached 4 trillion won ($3.5 billion) in the three months that ended in December.

The company earned 3.4 trillion won in the same quarter a year earlier.

The Suwon, South Korea-based company said its operating profit jumped 75.8 percent to 5.3 trillion won in the fourth quarter.

The figure was closely in line with the company's estimate earlier this month of a 73 percent rise.

Samsung, the world's biggest manufacturer of memory chips and liquid crystal displays, said demand for semiconductors in mobile products and servers remained solid despite weakness in personal computers, which face stiff competition from the rising popularity of tablets.

Samsung has over the decades grown into a key global manufacturer of components that let PCs, digital music players and handsets store data and display it on flat, high-resolution screens.

The company has recently been stepping up its challenge against Apple Inc. in the global smartphone business, releasing models such as the Galaxy S II. Cupertino, California-based Apple, which spurred the smartphone boom with the launch of its iPhone in 2007, has accused Samsung of "slavishly" copying its smartphone and iPad in design, user interface and packaging. Apple sued Samsung in April last year in the United States.

The legal battle has now spilled into 10 countries, according to Samsung officials. Court rulings so far have tended to side with Apple.

The quarterly profit brought the 2011 net profit to 13.7 trillion won, down 15 percent from the previous year, Samsung said. "If profit in handsets continues to stream in, this year will also likely be a solid one for Samsung," said Jae Lee, an analyst at Daiwa Securities in Seoul. "The biggest threat would be if the global economy worsens." Lee said legal battles with Apple would start weighing less on Samsung this year as the South Korean company is expected to release models with new designs. Please follow Money Game on Twitter and Facebook . Join the conversation about this story » See Also: UBS: If You Exclude Apple, Then This Earnings Season Sucks Here Are The Key Market Moving Events For Tuesday, January 24 Chemical Giant DuPont's Q4 Earnings Decline Less Than Expected, Strength In Performance Chemicals ]]> http://siamnews.net/tech/14443-samsung-earnings-beat-expectations-even-as-legal-battle-with-apple-weighs-on-company/feed/ 0 http://siamnews.net/china/14439-davos-stanchart-bullish-on-china-india/ http://siamnews.net/china/14439-davos-stanchart-bullish-on-china-india/#comments Thu, 26 Jan 2012 19:35:13 +0000 Zhong Li http://siamnews.net/news/14439-davos-stanchart-bullish-on-china-india/ http://siamnews.net/china/14439-davos-stanchart-bullish-on-china-india/feed/ 0 http://siamnews.net/business/14436-pm-to-meet-leading-businesspeople-at-world-econ-forum/ http://siamnews.net/business/14436-pm-to-meet-leading-businesspeople-at-world-econ-forum/#comments Thu, 26 Jan 2012 09:00:00 +0000 East Asia Forum http://siamnews.net/news/14436-pm-to-meet-leading-businesspeople-at-world-econ-forum/ http://siamnews.net/business/14436-pm-to-meet-leading-businesspeople-at-world-econ-forum/feed/ 0 http://siamnews.net/news/14433-thailand-to-expand-trade-and-investment-with-india/ http://siamnews.net/news/14433-thailand-to-expand-trade-and-investment-with-india/#comments Wed, 25 Jan 2012 18:08:29 +0000 thailand-business-news http://siamnews.net/news/14433-thailand-to-expand-trade-and-investment-with-india/ http://siamnews.net/news/14433-thailand-to-expand-trade-and-investment-with-india/feed/ 0 http://siamnews.net/news/14419-hcm-city-in-the-zone/ http://siamnews.net/news/14419-hcm-city-in-the-zone/#comments Sat, 21 Jan 2012 06:31:43 +0000 Thailand Real Estate http://siamnews.net/news/14419-hcm-city-in-the-zone/ http://siamnews.net/news/14419-hcm-city-in-the-zone/feed/ 0 http://siamnews.net/politics/14416-burma-ready-to-play-ball-with-us/ http://siamnews.net/politics/14416-burma-ready-to-play-ball-with-us/#comments Sat, 21 Jan 2012 06:31:36 +0000 voanews http://siamnews.net/news/14416-burma-ready-to-play-ball-with-us/ http://siamnews.net/politics/14416-burma-ready-to-play-ball-with-us/feed/ 0 http://siamnews.net/india/14405-nokia-to-invest-rs-250-cr-to-revamp-india-business/ http://siamnews.net/india/14405-nokia-to-invest-rs-250-cr-to-revamp-india-business/#comments Fri, 20 Jan 2012 12:50:37 +0000 bsullivan http://siamnews.net/news/14405-nokia-to-invest-rs-250-cr-to-revamp-india-business/ http://siamnews.net/india/14405-nokia-to-invest-rs-250-cr-to-revamp-india-business/feed/ 0 http://siamnews.net/business/14410-india-trying-to-find-ways-to-pay-for-iran-oil-rbi/ http://siamnews.net/business/14410-india-trying-to-find-ways-to-pay-for-iran-oil-rbi/#comments Fri, 20 Jan 2012 12:04:23 +0000 Lakshmi Balasubramanian http://siamnews.net/news/14410-india-trying-to-find-ways-to-pay-for-iran-oil-rbi/ http://siamnews.net/business/14410-india-trying-to-find-ways-to-pay-for-iran-oil-rbi/feed/ 0 http://siamnews.net/news/14404-immigrants-learn-english-with-their-children/ http://siamnews.net/news/14404-immigrants-learn-english-with-their-children/#comments Fri, 20 Jan 2012 07:05:55 +0000 voanews http://siamnews.net/news/14404-immigrants-learn-english-with-their-children/ http://siamnews.net/news/14404-immigrants-learn-english-with-their-children/feed/ 0