90
90
Sep 12, 2016
09/16
by
BLOOMBERG
tv
eye 90
favorite 0
quote 0
it has not been good for samsung. the future is uncertain as to whether they will be able to manage this recall bit.ly. -- appropriately. corey: the market cap is down 22 billion. you could say this is an overreaction. what is interesting about this thing is you could look at the way the company works. imagine the problems could spill over. we have reports that airplanes, white attendance are being told to tell people turn your -- you on an take that note 7 airplane. do you trust a flight attendant to know the difference? samsunghat about all phones? have got this agreement, the stuff in the paint, that is selling phones for samsung. the pink stuff is important. it is the profits for the phone business. even though phones are all of their business it is much of the prophet situation. it is a big issue. while they dominate in terms of that is iphone revenue. you can see that almost all the time my phone revenues are greater than samsung revenues. ,pple is getting more profits although simpson does not release those num
it has not been good for samsung. the future is uncertain as to whether they will be able to manage this recall bit.ly. -- appropriately. corey: the market cap is down 22 billion. you could say this is an overreaction. what is interesting about this thing is you could look at the way the company works. imagine the problems could spill over. we have reports that airplanes, white attendance are being told to tell people turn your -- you on an take that note 7 airplane. do you trust a flight...
120
120
Sep 13, 2016
09/16
by
BLOOMBERG
tv
eye 120
favorite 0
quote 0
samsung -- recuperating some of its losses. china posts of the savings rate, saying it is looking for at least $8 billion in a share offering in hong kong. it would be one of the world's biggest ipos so far this year. look at one day off the public holiday in singapore, we have got them coming back today. a much brighter session. nerves have called a little bit in the markets, although you have seen these major markets come off their earlier highs. getting to the ones that have come online, taiwan up by .7%. we are seeing weakness from malaysia and singapore, which were closed mondays are the holiday. it looks like there is little bit of catch-up going on in those markets. 17%ng a look at korea, up as we see -- up .7% as we see samsung rebound. we do have insurers and banking stocks leading the game. it is worth noting, it is the first gain have seen on japan's equity market and five sessions. volatility, certainly a lot lower than it was during monday's session. the volatility gauge fallen by almost 6% today. futures rise -- c
samsung -- recuperating some of its losses. china posts of the savings rate, saying it is looking for at least $8 billion in a share offering in hong kong. it would be one of the world's biggest ipos so far this year. look at one day off the public holiday in singapore, we have got them coming back today. a much brighter session. nerves have called a little bit in the markets, although you have seen these major markets come off their earlier highs. getting to the ones that have come online,...
122
122
Sep 4, 2016
09/16
by
BLOOMBERG
tv
eye 122
favorite 0
quote 0
samsung had to move early. it has managed to fend off other android carriers and makers in the region, but there was demand coming for its note seven, so if they failed to recover from the recall, they risk being just another player in the market. be worse asould not apple is about to release iphone seven. samsung announced the recall after the bell. that then reports batteries are overheating and catching fire. we are hearing reports from the bely that samsung could now withdrawing. we understand that the recall came from the top, the head of the mobile division, saying the recall is very heartbreaking. it is difficult for me to specifically comment on the loss. i can say that it is a large amount that is a pain to me as well. nevertheless, we have made this decision because our customer safety is the most important issue to us. we know the reputational damage is significant, but what about the financial ramifications? about $1 billion. samsung has predicted it will make 20.6 billion dollars this year, so less
samsung had to move early. it has managed to fend off other android carriers and makers in the region, but there was demand coming for its note seven, so if they failed to recover from the recall, they risk being just another player in the market. be worse asould not apple is about to release iphone seven. samsung announced the recall after the bell. that then reports batteries are overheating and catching fire. we are hearing reports from the bely that samsung could now withdrawing. we...
79
79
Sep 5, 2016
09/16
by
BLOOMBERG
tv
eye 79
favorite 0
quote 0
at's wrap up with a look samsung. this is a company that supplies most of the batteries for that affiliate. speculators are now buying into this japanese stock which supplies the batteries for the note seven and china not covered by the recall. this. just look for going back to our top stories, the g-20 summit, world leaders warning about protectionism threatening growth of global recovery. we are at a summit in home show -- hangzhou. everybody from the has all learningwto, about rising protectionism around the world while shinzo abe told leaders that free-trade -- the head of the wto explained that there is a lot of misinformation about trade causing unemployment but the measureshat anti-trade would be like shooting yourself in the foot. aboutmakers are warning growth. christine lagarde saying that we could see the lowest growth year since the global financial crisis. this is the final day of the g-20 summit so we are expecting to see many meetings today and then a wrapup statement by president she jinping. -- xi jin
at's wrap up with a look samsung. this is a company that supplies most of the batteries for that affiliate. speculators are now buying into this japanese stock which supplies the batteries for the note seven and china not covered by the recall. this. just look for going back to our top stories, the g-20 summit, world leaders warning about protectionism threatening growth of global recovery. we are at a summit in home show -- hangzhou. everybody from the has all learningwto, about rising...
75
75
Sep 16, 2016
09/16
by
BLOOMBERG
tv
eye 75
favorite 0
quote 0
emily: meantime we have new details on the samsung recall, not good for samsung, and a bigger gift for apple then we might expect, although we still don't know. 92 reports of batteries overheating, 26 reports of burns 25 reports of property damage. that doesn't sound good. talk to us about what we are learning. >> right. the samsung recall and its issue with the 7 is unprecedented. we saw some issues with a lithium-ion industry, and some other products, years ago. but for a smartphone that you put in your pocket or hold in your hand, this is unprecedented. in terms of how they are handling the recall, i think these phones being available for a placement on the 21st is going to be intimidating to customers. these people will be walking in to at&t, t-mobile, sprint stores, right at the beginning of his iphone launch people when they are seeing people come in to grab an iphone. what will stop someone from saying, i need to replace this phone, give me some credit and i will buy an iphone 7? i think apple should see that as a plus for them, and samsung should see it as a big negative. emily
emily: meantime we have new details on the samsung recall, not good for samsung, and a bigger gift for apple then we might expect, although we still don't know. 92 reports of batteries overheating, 26 reports of burns 25 reports of property damage. that doesn't sound good. talk to us about what we are learning. >> right. the samsung recall and its issue with the 7 is unprecedented. we saw some issues with a lithium-ion industry, and some other products, years ago. but for a smartphone...
62
62
Sep 12, 2016
09/16
by
BLOOMBERG
tv
eye 62
favorite 0
quote 0
shares fell -- samsung shares fell. samsung puts the brakes on its damage and to its reputation. let's have a look at where european equities are trading. gmm, this is the column, this is the equities column in the red. 2%, it is600 was down down by just over 1% right now. these are the currencies moving against the dollar. you can see yields rising across europe. question beginning to how much more central banks can do across the globe. some of the big movers include german utilities. fossil fueled fired -- fuel fired power stations. it is a response to the shift from nuclear and follow fuels -- fossil fuels to wind and solar. rwe planning private placement of shares. those of the share movers in the last 12 months. shares down as much as 9%. this is overse -- the german companies concerns of jobs and operations at munich headquarters. this would be a $13 billion merger. food says sales dropped by 2%. u.k.on sales here in the have declined for seven straight months due to unseasonable weather hurting results. shares are down by 11%. let's get over to the markets desk, julie, are
shares fell -- samsung shares fell. samsung puts the brakes on its damage and to its reputation. let's have a look at where european equities are trading. gmm, this is the column, this is the equities column in the red. 2%, it is600 was down down by just over 1% right now. these are the currencies moving against the dollar. you can see yields rising across europe. question beginning to how much more central banks can do across the globe. some of the big movers include german utilities. fossil...
105
105
Sep 13, 2016
09/16
by
BLOOMBERG
tv
eye 105
favorite 0
quote 0
how damaging has this news about the note-7 been for samsung? >> samsung has had to recall 2.5 million phones they shipped out before the recall. that is expected to cost $1 billion. still has tot deal with of the recall crisis, but you have to put this into perspective. the chairman lost that amount of money, but remember, samsung is a huge company. they make about $175 billion in revenue each year. this loss, or this estimate cost, is just about two days worth of revenue. even after the $22 billion loss, $186 market value at about billion, morphing the market value of many korean firirms combined. before the problems with the analysts have said samsung was seeing recovery. anna: that is a reminder of the sheer scalef of samsung's giant quality. japan'se are watching electronics, agreeing to purchase the u.s. chipmaker, a deal worth $3.2 billion. $22.50 aering share for intersil, a 14% premium. they plan to pay cash on hand. renesas has got a lot of cash. why is it not using this cash to make the acquisition? this is one of the ways it is going
how damaging has this news about the note-7 been for samsung? >> samsung has had to recall 2.5 million phones they shipped out before the recall. that is expected to cost $1 billion. still has tot deal with of the recall crisis, but you have to put this into perspective. the chairman lost that amount of money, but remember, samsung is a huge company. they make about $175 billion in revenue each year. this loss, or this estimate cost, is just about two days worth of revenue. even after the...
86
86
Sep 10, 2016
09/16
by
BLOOMBERG
tv
eye 86
favorite 0
quote 0
people are not going to leave samsung to apple. emily: you're not too impressed with it. >> nothing looks that impressive in the phone business. these are the cutting edge devices of the industry. the iphone seven and the galaxy note seven. the iphone seven was quite underwhelming in the opinion of many and from a design point of view basically nothing new. that has gotten a lot of flack from the tech press and ordinary users who are just looking at this and there is no product that ordinary users talk about more than the newest iphone. i would agree with mark that samsung has got people on their android version and they will stick with it for the most part. it could be that people start worrying about these smartphones period. if these explosions continue to happen, they have the basic battery technology and that is not so good for apple. not to say that there are any explosions happening on iphones at the moment that i know of. there have been occasional ones from time to time after all. my basic thing on the iphone and apple's d
people are not going to leave samsung to apple. emily: you're not too impressed with it. >> nothing looks that impressive in the phone business. these are the cutting edge devices of the industry. the iphone seven and the galaxy note seven. the iphone seven was quite underwhelming in the opinion of many and from a design point of view basically nothing new. that has gotten a lot of flack from the tech press and ordinary users who are just looking at this and there is no product that...
101
101
Sep 18, 2016
09/16
by
BLOOMBERG
tv
eye 101
favorite 0
quote 0
the latest on samsung there. up next, janet yellen's next move with days to go before the fed's latest call. we yvonne: we are now just 30 minutes away from the first major market opens in the region. we are starting this week on a beautiful note. ramy: looks beautiful over there. 7:30 p.m. sunday here in new york where markets look set to start the week down. s&p 500 futures are down just a little bit. it has been a roller coaster ride in the past week. closing friday down. i'm ramy inocencio in new york. yvonne: and i mean man in hong kong. you are watching "daybreak asia ." let's get the bloomberg first word news with juliette saly. juliette: new york city officials say saturday night explosion in chelsea was an international act, but so far there is no terrorist connection. 29 people were injured in the blast on west 23rd street. a second potentially explosive device was discovered nearby and a pipe bomb exploded earlier in new jersey. police say there are no up just links between the three. in china, further
the latest on samsung there. up next, janet yellen's next move with days to go before the fed's latest call. we yvonne: we are now just 30 minutes away from the first major market opens in the region. we are starting this week on a beautiful note. ramy: looks beautiful over there. 7:30 p.m. sunday here in new york where markets look set to start the week down. s&p 500 futures are down just a little bit. it has been a roller coaster ride in the past week. closing friday down. i'm ramy...
102
102
Sep 20, 2016
09/16
by
BLOOMBERG
tv
eye 102
favorite 0
quote 0
rishaad: we will get to the note.on samsung's galaxy samsung says that in china, they are not to blame here. china batteries used in are not samsung's affiliate appeared the worldwide recall was not by that company. there also devices in china overheating. released sitting possiblydefault was caused by external he devices. going on to say that they originated outside of the batteries and are originating with the external heat. largest the world's smartphone market. samsung is trying to maintain the market share over mark -- apple. samsung shares outperforming the -- about 1% or 2% there. samsung really move quite quickly to recall 2.5 million phones with batteries made by sdi. this was at a cost of $1 billion. that sounds like a big number but it could easily be recouped. around $46lected billion in revenue for the third quarter alone. this is really about ensuring customers do not switch to the competition. the production of the note seven was rushed because of competition with apple. one man in new jersey says his galaxy s seven edge exploded in his pocket, causing serious burns. can
rishaad: we will get to the note.on samsung's galaxy samsung says that in china, they are not to blame here. china batteries used in are not samsung's affiliate appeared the worldwide recall was not by that company. there also devices in china overheating. released sitting possiblydefault was caused by external he devices. going on to say that they originated outside of the batteries and are originating with the external heat. largest the world's smartphone market. samsung is trying to maintain...
94
94
Sep 1, 2016
09/16
by
BLOOMBERG
tv
eye 94
favorite 0
quote 0
ow critical a time is this for samsung? peter: that's a good point. it could not come at a worse point for samsung as apple prepares to come out with new phones. that's an issue for the company at this point. they have been on a bit of a resurgence. samsung does more than just phone, they sell components to apple and other smartphone players in the market. they have the opportunity to sell components. but they want the smartphone business to do well and it looked like they were seing a resurgence up until this point. emily: our peter elstrom from tokyo, i know you'll keep us updated, thank you for joining us. that does it for this edition of "bloomberg west." tomorrow on bloomberg television and radio, don't miss a rare and exclusive interrue with russian president vladimir putin speaking with our editor in chief. tune in all day friday for exclusive conversation. our coverage continues next week with a special hour-long report at noon new yorktime, 5:00 p.m. london. that's all for now from san francisco. this is bloomberg. ♪ ♪ announcer: from our
ow critical a time is this for samsung? peter: that's a good point. it could not come at a worse point for samsung as apple prepares to come out with new phones. that's an issue for the company at this point. they have been on a bit of a resurgence. samsung does more than just phone, they sell components to apple and other smartphone players in the market. they have the opportunity to sell components. but they want the smartphone business to do well and it looked like they were seing a...
99
99
Sep 12, 2016
09/16
by
BLOOMBERG
tv
eye 99
favorite 0
quote 0
this is samsung in korea. more than 7% drop. .6% drop we saw7 on friday. $20 billion lost from samsung's market value since that note about the note 7. a lot of these batteries have been catching fire. 7s ispplier for the note being sold off quite heavily in korean trade. the japanese yen is strengthening, as i mentioned. up .2%. equities, aboutof this aobut -- dollar weakness. fed, ahead of next week's meeting. brenard is usually dove-ish. some are saying she could be hawkish with some of her comments. angie: let's check in with first word headlines with paul allen. paul: hillary clinton has canceled a two-day campaign trip to california amid concerns about her health. she left a ceremony for the 15th anniversary of 9/11 and appeared to stumble as she moved towards her vehicle. she released a statement saying she felt overheated but was fine. doctors saying she was diagnosed with pneumonia. north korea appears to be preparing a nuclear test in the number three tunnel at the pyongjang test site. the north carr
this is samsung in korea. more than 7% drop. .6% drop we saw7 on friday. $20 billion lost from samsung's market value since that note about the note 7. a lot of these batteries have been catching fire. 7s ispplier for the note being sold off quite heavily in korean trade. the japanese yen is strengthening, as i mentioned. up .2%. equities, aboutof this aobut -- dollar weakness. fed, ahead of next week's meeting. brenard is usually dove-ish. some are saying she could be hawkish with some of her...
85
85
Sep 3, 2016
09/16
by
BLOOMBERG
tv
eye 85
favorite 0
quote 0
not great timing for samsung. while samsung does damage control, apple prepares to release new devices next week. they are setting the tone for the holiday quarter with iphone camera upgrades, and improved apple watch, and refreshed software. mark has breaking news about what is coming up. as we get closer what are the , latest details, and what do we know about what will be unveiled? and how excited are people? mark: this is an exciting time for apple, their september event the biggest of the year. they will talk about new versions of the iphone and the apple watch. we expect the camera to be the big focus of the iphone upgrade, and the apple watch will get fitness and health tracking features. emily: what is the consensus among analysts about how much this will improve sales ahead of the holiday quarter? mark: this iphone model will not look much different than the iphone 6s and 6 from the last few years, so a lot of people with a 6s or 6 might not want to just upgrade to the 7 given the lack of big design chang
not great timing for samsung. while samsung does damage control, apple prepares to release new devices next week. they are setting the tone for the holiday quarter with iphone camera upgrades, and improved apple watch, and refreshed software. mark has breaking news about what is coming up. as we get closer what are the , latest details, and what do we know about what will be unveiled? and how excited are people? mark: this is an exciting time for apple, their september event the biggest of the...
58
58
Sep 9, 2016
09/16
by
BLOOMBERG
tv
eye 58
favorite 0
quote 0
how bad does this get now for samsung? >> this is terrible. cadence ofnged their releases when they are releasing phones to beat apple. big launch ofe the iphone seven they come out with a phone that is literally exploding. there are dozens reports already. it was bad enough when they said they would be replacing units that are affected and units not affected to everyone who bought a note seven and the u.s. government getting involved in making it official, could not be worse timing for the country. emily: you had a contrary in view. what is your take? before i heard they were being completely recalled. on the most recent developments in the last few hours i am with mark. is ayour latest product total disaster and truly dangerous to use, that is going to affect the company's reputation. i would not be surprised if they start inspecting phones getting on planes to make sure you're not carrying one if they are this dangerous or if they are perceived to be this dangerous. that is really serious. it is if it's a somewhat tragic given that they hav
how bad does this get now for samsung? >> this is terrible. cadence ofnged their releases when they are releasing phones to beat apple. big launch ofe the iphone seven they come out with a phone that is literally exploding. there are dozens reports already. it was bad enough when they said they would be replacing units that are affected and units not affected to everyone who bought a note seven and the u.s. government getting involved in making it official, could not be worse timing for...
41
41
Sep 7, 2016
09/16
by
BLOOMBERG
tv
eye 41
favorite 0
quote 0
of course, samsung got there first. i think one of the challenges for apple with this product introduction is that in two key markets, it is going to be a challenge for them to penetrate. in india, which is now the fastest growing smartphone market in the world, they are really struggling because their phones are priced so high compared to competitors. they are, samsung is the number one competitor. they have work to do in these key markets. emily: mark, you told us there may be no headphone jack on the new iphone. this may be one of the most controversial moves apple has made. what are consumers saying about this? is the rest of the industry ready to catch up? mark: the iphone seven being introduced tomorrow will not have a headphone jack. apple will ship a new type of ear pod headphones that can plug into the charger, so the charger will be doing double duty. we'll see. emily: and everyone will have to buy new headphones. mark: people do not want to carry around an extra cord to get the headphones they already have to
of course, samsung got there first. i think one of the challenges for apple with this product introduction is that in two key markets, it is going to be a challenge for them to penetrate. in india, which is now the fastest growing smartphone market in the world, they are really struggling because their phones are priced so high compared to competitors. they are, samsung is the number one competitor. they have work to do in these key markets. emily: mark, you told us there may be no headphone...
29
29
Sep 21, 2016
09/16
by
BLOOMBERG
tv
eye 29
favorite 0
quote 0
the samsung seven -- apple had a -- the samsung note 7 issues came just in time. apple had a chance to unveil e-seven but before that, a dramatic shift in the chinese smartphone market was starting to take shape. lesser-known domestic players had been seated show me top spot in china. joining us to take stock is david gramley in beijing and are tech team leader in tokyo. thank you for joining us. with gotten some new information on the status of the samsung recall. 500,000 new phones ship in the united states as replacement. what's the latest? guest: what we are seeing is like a trickle of phones that and that in people's hands, either through shipments like the one you mentioned or in places like hong kong and china where the phone had officially not then on sale but people had gotten their hands on one through the gray markets or testing purposes. those are being included in the recall, though only not officially by the company. all signs point to steady progress. we are talking about a maximum of 2.5 million phones. samsung knows where they were sold and they a
the samsung seven -- apple had a -- the samsung note 7 issues came just in time. apple had a chance to unveil e-seven but before that, a dramatic shift in the chinese smartphone market was starting to take shape. lesser-known domestic players had been seated show me top spot in china. joining us to take stock is david gramley in beijing and are tech team leader in tokyo. thank you for joining us. with gotten some new information on the status of the samsung recall. 500,000 new phones ship in...
101
101
Sep 12, 2016
09/16
by
BLOOMBERG
tv
eye 101
favorite 0
quote 0
this is a huge reputational blow for samsung. how important are u.s. sales to samsung? regulatory agencies are pretty strict in the u.s., so if samsung loses their foothold, that would hurt 20% of smart phone sales. angie: how has the negative news been priced in given today's plunge? >> as we spoke earlier, the impact on the brand equity would be more than earnings given that investors would be willing to pay a premium on the brand today'sso if we look at valuation after the plunge, it is trading at nine times forward earnings. it lost market share to apple, so it could go as low as eight times forward earnings. the could be more to calm. angie: all right, this is a nightmare scenario for samsung. so much for that. you can get more on that story of bloomberg.com. you can watch some of the on bloomberg today. hillary clinton has canceled a campaign trip to california amid new concerns about her health. she left a ceremony for the 15th anniversary of 9/11 and appears to stumble and needs help as she moves towards her official vehicle. later she released a saying she now
this is a huge reputational blow for samsung. how important are u.s. sales to samsung? regulatory agencies are pretty strict in the u.s., so if samsung loses their foothold, that would hurt 20% of smart phone sales. angie: how has the negative news been priced in given today's plunge? >> as we spoke earlier, the impact on the brand equity would be more than earnings given that investors would be willing to pay a premium on the brand today'sso if we look at valuation after the plunge, it...
64
64
Sep 12, 2016
09/16
by
BLOOMBERG
tv
eye 64
favorite 0
quote 0
we will get to samsung in a moment. the nikkei off by over 1%. strengthen,ting to up .2% at the moment against the dollar. there were positive signs coming through from the factory floor in terms of machine orders, still very much deflationary pressures. to 2%. 200 off by close friday and base metals, iron or, gold, oil, not helping things there. new zealand extending losses, down by 2.3 percent, only one stock in the black in new zealand. samsung, $20 billion wiped from its market cap since the close on thursday. noteer note from the seven, samsung advising anyone who has won in their possession to be very careful and make sure they turn it off because there is a concern about fires things started by the battery. by 5.5%, adding to that 5% owned friday, the biggest two-day drop from this company in five years. quickly looking at the japanese bond markets. there had been a call on the saying you could see yields recover. them intill seeing negative territory, the 10 year off and the five-year in negative territory. watch this space. there could b
we will get to samsung in a moment. the nikkei off by over 1%. strengthen,ting to up .2% at the moment against the dollar. there were positive signs coming through from the factory floor in terms of machine orders, still very much deflationary pressures. to 2%. 200 off by close friday and base metals, iron or, gold, oil, not helping things there. new zealand extending losses, down by 2.3 percent, only one stock in the black in new zealand. samsung, $20 billion wiped from its market cap since...
89
89
Sep 14, 2016
09/16
by
BLOOMBERG
tv
eye 89
favorite 0
quote 0
it is a massive blow for samsung. they probably, for the first hour, there were people in south korea getting excited that apple had a similar problem, but apple has ironed it out. emily: the sales numbers closing up two .5%. -- almost 2.5%. investors are confident. alex: the biggest jump in almost two months. 2.5% for apple is a big number. that stock does not jump a huge amount. emily: does it suggest people are not concerned about the headphone jack issue? alex: the fan boys are going to go for it no matter what. there is pent-up demand. it is two years since the iphone 6 series was released. all of these people who had been sitting on their iphones, waiting for the new update, they are heading on to the shop, getting on with their carriers and saying i want the new one now. emily: we are looking at the air pods. alex webb, thank you for the update. we will have more on samsung and the investigation into the galaxy note 7 smartphones later this hour. salesforce, one of the most acquisitive companies. they have clos
it is a massive blow for samsung. they probably, for the first hour, there were people in south korea getting excited that apple had a similar problem, but apple has ironed it out. emily: the sales numbers closing up two .5%. -- almost 2.5%. investors are confident. alex: the biggest jump in almost two months. 2.5% for apple is a big number. that stock does not jump a huge amount. emily: does it suggest people are not concerned about the headphone jack issue? alex: the fan boys are going to go...
75
75
Sep 26, 2016
09/16
by
BLOOMBERG
tv
eye 75
favorite 0
quote 0
it seems to me that samsung investors have certainly forgiven samsung to a certain extent or are betting that consumers will forgive samsung. samsung has already said it will cost them as much as $2 billion. that is a big hit, 20% of the operating income for the smartphone business. certainly the way investors are looking at it now, judging by the stock price, they believe the company and consumers will get over it and they will return to normal at some point. haidi: probably should have bought the dip at this point. thank you for joining us. before you go, let's talk movies. toppedmagnificent seven the u.s. box office, taking in $35 million. the remake of the successful steve mcqueen western classic earned mostly positive reviews, beijing warner bros. stork. so far in 2016, sony ranks fifth among the six major film companies there. for "trending it business". angie will be updating the big stories on "asia edge" next. this is bloomberg. ♪ ♪ it is victoria harbour in hong kong, but a sea of red across asia today. we are live in hong kong, and this is "asia edge". ♪ angie: i am angi
it seems to me that samsung investors have certainly forgiven samsung to a certain extent or are betting that consumers will forgive samsung. samsung has already said it will cost them as much as $2 billion. that is a big hit, 20% of the operating income for the smartphone business. certainly the way investors are looking at it now, judging by the stock price, they believe the company and consumers will get over it and they will return to normal at some point. haidi: probably should have bought...
86
86
Sep 18, 2016
09/16
by
BLOOMBERG
tv
eye 86
favorite 0
quote 0
samsung makes $175 billion a year. even after the loss in market value, samsung was still worth more than several korean firms combined. >> central savings bank of china is seeking more than $8 billion in a hong kong ipo. it would make it the biggest this year. what do we know so far? is seeking more than $8 billion >> first of all, this is not a household name to you and i. it is not one of the big four or five -- >> it is huge, though. >> it is huge. it services half of the chinese population. they have 505 million clients in china. it has got something like over 40,000 branches. the terms of the deal, they are looking to raise $8.1 billion. it could be the largest ipo of the year. 12.1 billion shares are on offer from between four and five dollars apiece. investors are trying to buy some of the stock. that is about 76% of the total. in terms of the schedule, we're looking at pricing by september 20 and trading by september 28. >> late last week, we learned that wells fargo fired 5300 people and paid $185 million in
samsung makes $175 billion a year. even after the loss in market value, samsung was still worth more than several korean firms combined. >> central savings bank of china is seeking more than $8 billion in a hong kong ipo. it would make it the biggest this year. what do we know so far? is seeking more than $8 billion >> first of all, this is not a household name to you and i. it is not one of the big four or five -- >> it is huge, though. >> it is huge. it services half...
44
44
Sep 2, 2016
09/16
by
BLOOMBERG
tv
eye 44
favorite 0
quote 1
samsung is encountering some trouble. it's delayed the galaxy note seven in south korea following reports of the phone exploding or catching firewall being charged. beens and photos have surfacing but have not been verified. tokyoning us are peter in -- first of all, what is the real reason for the delay? >> samsung has not said explicitly what's behind the halt in the shipments. this is taking place just in south korea. it, bute not explained there have been reports as you mentioned of explosions and fires starting with the samsung note. not a good sign, obviously. and looks like they are digging into it and doing more research into what is behind it. so how serious is the problem? >> they just introduced the phone last month so it is certainly not a good sign. the phone got really good reviews, they've been struggling to have more hits as they go is a setbackhis for them. there are reports out of korea today that samsung may end up recalling the phones. it could be broader than that, it could even be a global recall at
samsung is encountering some trouble. it's delayed the galaxy note seven in south korea following reports of the phone exploding or catching firewall being charged. beens and photos have surfacing but have not been verified. tokyoning us are peter in -- first of all, what is the real reason for the delay? >> samsung has not said explicitly what's behind the halt in the shipments. this is taking place just in south korea. it, bute not explained there have been reports as you mentioned of...
35
35
Sep 20, 2016
09/16
by
BLOOMBERG
tv
eye 35
favorite 0
quote 0
my first question is about the samsung recall. have you seen any new users you believe are a result of this and otherwise, does this open up new opportunities? i think the samsung recall does open up new opportunity for us. consumers are looking for alternatives because of the recall and it is creating some good impact for us. how are you preparing for this? are you doing anything new to capitalize on this opportunity? i think for us at the moment, it's working with our retail partners and ensuring we inform the staff on how to promote the brand that we have the alternative. on thejust relying support of retail in going that way. we talked about how apple is taking a shot at the lower end of the market and the cheaper version has been quite successful. apple takes af direct aim at the lower end? we are concentrating on the premium device at an affordable price point. that's where we are in the market at the moment. that way, giving the consumers to look at the alternatives in the market, especially at the price point we are offeri
my first question is about the samsung recall. have you seen any new users you believe are a result of this and otherwise, does this open up new opportunities? i think the samsung recall does open up new opportunity for us. consumers are looking for alternatives because of the recall and it is creating some good impact for us. how are you preparing for this? are you doing anything new to capitalize on this opportunity? i think for us at the moment, it's working with our retail partners and...
44
44
Sep 24, 2016
09/16
by
BLOOMBERG
tv
eye 44
favorite 0
quote 0
those batteries, which we know have overheated, were made by samsung fdi, an affiliate of samsung. but in china, they used another company. they have done a proven investigation of overheating in china, and found it does not have anything to do with the battery. this is a crucial win for samsung in the crucial chinese market. it is the world's largest smartphone market. they are trying to push ahead and make sure they maintain market share over apple. but as a precaution, they will recall close to 2,000 samsung note 7's in china for presale. angie: hanjan shipping shares up to 30% south korea after its largest shareholder, korea air, signed off on an emergency loan of $54 million. the question is is this a band-aid solution or have they woes ofe cure to the hanjin shipping? >> unfortunately, no. they have not. this will be a temporary relief for hanjin, because they have been incurring so much cost from these vessels that have not been returned. it will help them briefly from compiling more debt than they need now. but it will only be temporary. the fundamental issue will be what t
those batteries, which we know have overheated, were made by samsung fdi, an affiliate of samsung. but in china, they used another company. they have done a proven investigation of overheating in china, and found it does not have anything to do with the battery. this is a crucial win for samsung in the crucial chinese market. it is the world's largest smartphone market. they are trying to push ahead and make sure they maintain market share over apple. but as a precaution, they will recall close...
112
112
Sep 26, 2016
09/16
by
BLOOMBERG
tv
eye 112
favorite 0
quote 0
angie: our investors worried about samsung? it.t doesn't look like ,t will cost them $2 billion 20% of the operating income for the smartphone business. if you look at shares over the last month or so since this crisis has happened, they felt, then rose again. angie: what would be the biggest mistake for samsung? >> i would argue cutting price. angie: it affirms that it is a bad product. >> it does. once you cut prices, it is difficult to build them up again. they have good pricing power, operating margins, operating income, so if they expense of experiencen sales -- a decline in sales, they will be able to keep up their margins. if they cut prices, they can't read bill that. angie: great point. as usual, good to see you in our hong kong studio. that is it for us on this edition of "asia edge" >> ministers prepare for talks this week. drop in twost -- hs and haveldman sachs may significant cuts in jobs in asia.
angie: our investors worried about samsung? it.t doesn't look like ,t will cost them $2 billion 20% of the operating income for the smartphone business. if you look at shares over the last month or so since this crisis has happened, they felt, then rose again. angie: what would be the biggest mistake for samsung? >> i would argue cutting price. angie: it affirms that it is a bad product. >> it does. once you cut prices, it is difficult to build them up again. they have good pricing...
103
103
Sep 14, 2016
09/16
by
BLOOMBERG
tv
eye 103
favorite 0
quote 0
of course to samsung's unfortunate situation with the note seven. have beenot of people anticipating apple would be the big winner here as samsung struggles with its competitive product. now apple is also having to eat crow a bit. to haveroblem appears been resolved. apple issued a statement saying we experience an issue with the upgrade process accepting -- affecting a small number of users during the first hour availability. the problem has since been resolved. that initially, apple resolve this issue. hopefully, further upgrades should be ok. , i'm going to self to wait. backup your system before you do anything with it i would say. angie: i will take that advice. making headlines, maintaining physical discipline while escaping from a protracted restriction is proving to be the toughest challenge for argentina's new president. they say the government may cut the fiscal deficit target, which they will present to congress thursday. he wants to cut taxes and open up new trade ties to bring growth back to argentina. hard toe working continue building
of course to samsung's unfortunate situation with the note seven. have beenot of people anticipating apple would be the big winner here as samsung struggles with its competitive product. now apple is also having to eat crow a bit. to haveroblem appears been resolved. apple issued a statement saying we experience an issue with the upgrade process accepting -- affecting a small number of users during the first hour availability. the problem has since been resolved. that initially, apple resolve...
46
46
Sep 12, 2016
09/16
by
BLOOMBERG
tv
eye 46
favorite 0
quote 0
mark: you were talking about samsung. -- it hass future agreed to purchase samsung's printer business betting it can grab share and generate income even in a shrinking global market. -- deal european equities are in the red today after friday saw speculation of the tightening timeline driving the worst selloff in the u.s. market since brexit. investors are reassessing. brainard whoed to speaks in the last scheduled appearance by an official ahead of the september 21 meeting. what does this mean for the market? marie is here to talk about all these matters. there is a lot of red across the bloomberg. it started thursday, post mario draghi. why are we seeing selloff since thursday? marie: there is a lot of uncertainty coming into the markets this fall. the fed meeting next week and then the upcoming italian referendum and the u.s. election. .hose are all important events that is enough to perturb markets momentarily at least. mark: and bank of austin governor on friday said the u.s. economy -- bank of boston governor on friday said the u.s. economy could overheat. as to whenare you in t
mark: you were talking about samsung. -- it hass future agreed to purchase samsung's printer business betting it can grab share and generate income even in a shrinking global market. -- deal european equities are in the red today after friday saw speculation of the tightening timeline driving the worst selloff in the u.s. market since brexit. investors are reassessing. brainard whoed to speaks in the last scheduled appearance by an official ahead of the september 21 meeting. what does this mean...
48
48
Sep 17, 2016
09/16
by
BLOOMBERG
tv
eye 48
favorite 0
quote 0
samsung makes $175 billion a year. even after the loss in market value, samsung was still worth more than several korean firms can bind. >> china is speaking $8 billion in hong kong. -- seeking more than a billion dollars in a hong kong ipo. it would make it the biggest this year. but the we know so far? >> first of all this is not a , household name to you and i. it is huge. it services half of the chinese population. they have 505 million clients in china. if the largest bank in china. there are over 40,000 branches. the details, they are looking to raise $8.1 billion. it could be the largest ipo of the year. investors are trying to buy some of the stock. that is about 76% of the total. in terms of the schedule, we're looking at pricing by september 20 and trading by september 28. >> wells fargo and fired 5300 people in pain $185 million in fines. employees were meeting sales goals by creating over 2 million fake accounts. the aftermath has grabbed its ceo in front of congress next week. jpmorgan is now the largest u
samsung makes $175 billion a year. even after the loss in market value, samsung was still worth more than several korean firms can bind. >> china is speaking $8 billion in hong kong. -- seeking more than a billion dollars in a hong kong ipo. it would make it the biggest this year. but the we know so far? >> first of all this is not a , household name to you and i. it is huge. it services half of the chinese population. they have 505 million clients in china. if the largest bank in...
48
48
Sep 26, 2016
09/16
by
BLOOMBERG
tv
eye 48
favorite 0
quote 0
like those long on samsung are staying long on samsung and don't seem too worried. samsung shares have stayed robust. , and youhe quality don't think that will be affected? >> i think a lot of people will move on quickly. if you look at toyota's problems with the accelerator pedals, people get past it pretty quick. this is what samsung has to deal with. people will judge later. back at youroking later saying that they do this quickly enough. once they started to see the problem, they did deal with it somewhat quickly. they did jump on it and admit there was a problem. they said there was a problem. they are dealing with it as quick as they can, so they may be able to build that repetition again and people will trust them. samsung's share price, investors are betting that will be the case. good to get your insight on this. meantime, sony's magnificent seven top of the u.s. box office , taking in $35 million. the remake of the steve mcqueen western has mostly positive reviews, beating storks, which are in $21 million. the win is a boost for sony, which has faced falli
like those long on samsung are staying long on samsung and don't seem too worried. samsung shares have stayed robust. , and youhe quality don't think that will be affected? >> i think a lot of people will move on quickly. if you look at toyota's problems with the accelerator pedals, people get past it pretty quick. this is what samsung has to deal with. people will judge later. back at youroking later saying that they do this quickly enough. once they started to see the problem, they did...
164
164
Sep 8, 2016
09/16
by
BLOOMBERG
tv
eye 164
favorite 0
quote 0
samsung has to move in two ways. they have to move quickly, and they also probably have to be price-aggressive, or sort of service-aggressive, to make sure they retain that very profitable customer that is interested in the large formfactor product. emily: and there are still questions about the actual root of the exploding battery issue samsung is experiencing with the galaxy note tabletss. we will be closely following that. alex webb, thanks so much. crawford, stick with me,, because i want to talk to about one more story, hp. shares of hp enterprise are not getting much after the earnings report. staying true to meg whitman's pledge to shrink the company, hp e is spinning off software assets in a deal with u.k. firm micro focus, valued at $8.8 billion. crawford del prete still with me. you spoke with meg whitman after earnings came out. tell us about what her message is, and what is hpe after this? pe is basically really focused on infrastructure for the enterprise. if you look at what hpe has done over the last y
samsung has to move in two ways. they have to move quickly, and they also probably have to be price-aggressive, or sort of service-aggressive, to make sure they retain that very profitable customer that is interested in the large formfactor product. emily: and there are still questions about the actual root of the exploding battery issue samsung is experiencing with the galaxy note tabletss. we will be closely following that. alex webb, thanks so much. crawford, stick with me,, because i want...
44
44
Sep 2, 2016
09/16
by
BLOOMBERG
tv
eye 44
favorite 0
quote 0
we have samsung, then we have nonfarm payrolls. the exclusive interview with vitamin put pretty set down with john micklethwait for an interview and joining us from russia -- he challenged to an understatement two years ago that if crude oil will to $80 a barrel, there would be a collapse in production. he began by asking whether president putin's thinking had changed on output that crude is still below $50. oil output and elects the output is increasing. by the way, where the world's gasers in terms of natural with a global share of 20%. francine: oil snapped four days of decline as he said he would like russia and opec to reach an agreement, one that exempts orion. -- exempts iran. lucy, great to have you on the program. i know it is difficult to take the price of oil. how does it impact how you see value? this ago -- lucy: it is had an impact on earnings over the last year. in the last couple of courses we have begin to see that impact it negative. in the last earnings seasons, we have seen that now. that being said because nobo
we have samsung, then we have nonfarm payrolls. the exclusive interview with vitamin put pretty set down with john micklethwait for an interview and joining us from russia -- he challenged to an understatement two years ago that if crude oil will to $80 a barrel, there would be a collapse in production. he began by asking whether president putin's thinking had changed on output that crude is still below $50. oil output and elects the output is increasing. by the way, where the world's gasers in...
40
40
Sep 24, 2016
09/16
by
BLOOMBERG
tv
eye 40
favorite 0
quote 0
crucial win for samsung in the chinese market. they are trying to push ahead and make sure they maintain market share over apple. as a precaution, they will recall close to 2000 samsung note 7 in china for presale. shipping shares are surging after its largest shareholder signed off on an emergency loan of $54 million. is this a band-aid solution or have they found the cure to shipping? >> they haven't, this will be a temporary relief for hanjin because they have incurred so much cost from these vessels that have not been returned. fromll help them briefly compiling more debt than they need. it will only be temporary. the fundamental issue will be what the court decides and what sort of revival plan the management comes up with. we will only know when they submit that. mirsky is splitting into two. it will split shipping and energy into two separate companies. due toas been suffering low freight rates in a 60% drop in crude oil over the last couple of years. how much of does this unlock? 10%.t's say francine: do you look more at m
crucial win for samsung in the chinese market. they are trying to push ahead and make sure they maintain market share over apple. as a precaution, they will recall close to 2000 samsung note 7 in china for presale. shipping shares are surging after its largest shareholder signed off on an emergency loan of $54 million. is this a band-aid solution or have they found the cure to shipping? >> they haven't, this will be a temporary relief for hanjin because they have incurred so much cost...
84
84
Sep 26, 2016
09/16
by
BLOOMBERG
tv
eye 84
favorite 0
quote 0
forgiving samsung as well. angie: tim culpan, thanks for that. well, that just about does it for us on this edition of "bloomberg markets: middle east ." manus: well, angie, i am going to step away from here and step across the room. we will have all the top stories. anna edwards and myself will kick off the trading week in london with "countdown." manus: oil investors increase their short position at the fastest pace in about a year as they lose confidence that opec will reach a deal. at the algerian energy minister tells bloomberg that this time around, the meeting will be different. doha, iran was not present. they will be present in algeria. manus: labor pains. jeremy corbyn wins the leadership contest. division however, remains. we are live
forgiving samsung as well. angie: tim culpan, thanks for that. well, that just about does it for us on this edition of "bloomberg markets: middle east ." manus: well, angie, i am going to step away from here and step across the room. we will have all the top stories. anna edwards and myself will kick off the trading week in london with "countdown." manus: oil investors increase their short position at the fastest pace in about a year as they lose confidence that opec will...
68
68
Sep 7, 2016
09/16
by
BLOOMBERG
tv
eye 68
favorite 0
quote 0
guest: this is tough news for samsung. we are talking about recall that could cost up to $7 billion and it's difficult to rework these products. a lot of them will just have to be re-manufacturers -- remanufactured stop this opens up what tim cook has talked about as switchers, people apple can woo over to the left arm. if you are looking for a large phone, you some doubt if you are a samsung customer and apple gave you a nice reason to take a look at their product line today samsung has to move quickly and they also have to be price aggressive or service aggressive in order to make sure they retain that profitable customer who is interested in the large foreign factor product. and there are still questions about the root of this exploding battery issues & music. thing with the galaxy note tablets will stop we will be closely following that. think you so much. morewant to talk about one story and that is hp -- shares of hp enterprise not doing much off the back of the companies third quarter earnings report stop staying tr
guest: this is tough news for samsung. we are talking about recall that could cost up to $7 billion and it's difficult to rework these products. a lot of them will just have to be re-manufacturers -- remanufactured stop this opens up what tim cook has talked about as switchers, people apple can woo over to the left arm. if you are looking for a large phone, you some doubt if you are a samsung customer and apple gave you a nice reason to take a look at their product line today samsung has to...
144
144
Sep 1, 2016
09/16
by
BLOOMBERG
tv
eye 144
favorite 0
quote 0
korea being weighted down by samsung electronics today. reports that it may actually recall it's [indiscernible] new zealand off by about a quarter of 1%. some weakness coming through in taiwan as well. there is some upside. generally, for the first trading day of the month, it hasn't been a very positive one. emily: this is "bloomberg west." i'm joined by veteran health-care investor in this space that heads up the firm's health care investing. thank you for joining us. we're going to get into a deeper discussion about the future of health care and tech investing, but i want to talk to you about this lead testing startup that has withdrawn its application for emergency clearance of a big test for the zika virus after problems were found in the way it gather data. this comes after they were sanctioned for failing to run their laboratories up to standard. you have an investing in this space for a long longer than newer investors. i wonder if you have seen anything like this? guest: it is amazing and for someone who cares deeply about puttin
korea being weighted down by samsung electronics today. reports that it may actually recall it's [indiscernible] new zealand off by about a quarter of 1%. some weakness coming through in taiwan as well. there is some upside. generally, for the first trading day of the month, it hasn't been a very positive one. emily: this is "bloomberg west." i'm joined by veteran health-care investor in this space that heads up the firm's health care investing. thank you for joining us. we're going...
82
82
Sep 5, 2016
09/16
by
BLOOMBERG
tv
eye 82
favorite 0
quote 0
angie: did samsung handle this correctly? >> i think compared to what apple did when they launched iphone 5. they are quite swift in response. i think people are giving them credit for it, but product recall is product recall. it is the big thing that you don't want it as well. angie: you use it and put it next to your face or you handle it in your hands, you don't want that exploding. >> right, the most shocking angle is the battery supplier is their subsidiary. therumor it is sdi, supplier, so that could be more serious. angie: thank you so much for that. we are looking for to the afternoon in tokyo, where we are seeing across the region asian stocks rally after the payrolls data in japan. the yenatching fluctuate between strengthening and weakening. we will get the latest for you on japan's reopening after the short break. this is bloomberg. ♪ this hour,stories hong kong set to get a vocal faction in its lawmaking body, candidate seeking to challenge beijing's authority appears set to win seats for the first time amid re
angie: did samsung handle this correctly? >> i think compared to what apple did when they launched iphone 5. they are quite swift in response. i think people are giving them credit for it, but product recall is product recall. it is the big thing that you don't want it as well. angie: you use it and put it next to your face or you handle it in your hands, you don't want that exploding. >> right, the most shocking angle is the battery supplier is their subsidiary. therumor it is sdi,...
116
116
Sep 14, 2016
09/16
by
BLOOMBERG
tv
eye 116
favorite 0
quote 0
samsung, apologizing for the inconvenience. there is little bit of lack of clarity when it comes to south korea or whether it gets rolled out across other markets. whether it is mandatory. your phoneinto regardless of whether you give consent or not. that is what we know so far. they are going to be starting delivery of the note seven models that do not have the faulty battery issue. only tech not the company facing technical challenges. apple also facing embarrassing difficulties. heidi: you have to wonder if it is something in the air. the challenges apple has faced in terms of their technology are not as dramatic as widespread. essentially, we are talking about the ios software upgrade. we had a number of social media users complaining, after the upgrade, they were taking to a blank screen which propped of plug their phones into a computer or itunes. it rendered the device useless. apologizing,ed, saying it affected a small number of users and only happened in that first hour when the update became available and has since be
samsung, apologizing for the inconvenience. there is little bit of lack of clarity when it comes to south korea or whether it gets rolled out across other markets. whether it is mandatory. your phoneinto regardless of whether you give consent or not. that is what we know so far. they are going to be starting delivery of the note seven models that do not have the faulty battery issue. only tech not the company facing technical challenges. apple also facing embarrassing difficulties. heidi: you...
92
92
Sep 19, 2016
09/16
by
BLOOMBERG
tv
eye 92
favorite 0
quote 0
samsung selling assets to fund the note seven recall. right. you can let us know what you think of our top stories. follow me on twitter at @rishaadtvand include #trendingbusiness. playing catch up when it comes to hong kong and shanghai. markets closed on friday. singapore, taiwan, malaysia coming online. had a dramatic morning with the technical issues plaguing the asx. in anession was placed enquire state. the technical issues have been resolved, and we are expecting an open at half past the hour. we will be watching that. taiwan,e, the open in up by 1.5%. the straight times opening flat, malaysian stocks up by .5%. seeing modest gains. the new zealand market not moving much. but really the focus for global markets is the central bank bonanza happening this week, the fed, the boj, a plethora of regional central banks. on thursday, rbnz. there is an outside chance we will be getting a move from the rbnz given inflation expectations are week. bank of the philippines and the central bank of indonesia meeting as well. inflation is nowhere near t
samsung selling assets to fund the note seven recall. right. you can let us know what you think of our top stories. follow me on twitter at @rishaadtvand include #trendingbusiness. playing catch up when it comes to hong kong and shanghai. markets closed on friday. singapore, taiwan, malaysia coming online. had a dramatic morning with the technical issues plaguing the asx. in anession was placed enquire state. the technical issues have been resolved, and we are expecting an open at half past the...
110
110
Sep 16, 2016
09/16
by
BLOOMBERG
tv
eye 110
favorite 0
quote 0
it is another day, another headache for samsung. u.s. officials joining the recall. samsung urging users to replace phones immediately. it is a new body blow. what is the latest? recall,t is an official one million phones, 97% of phones sold in the u.s. essentially if you bought your , you before september 15 are covered by the recall. take your phone back and have it change for a free one. they had a conversation with samsung. they found the battery was too big for the phones's case. it created space and pinch the battery, creating overheating. incidents of overheating batteries, resulting in property of earnsd 26 reports two people who were using the phone. we have a graphic that shows you that. burns to people who are using the phone. we have a graphic that shows that. your phone does not automatically turn on. announced thisg recall of 2.5 million. what is their response? the initial estimate was $1 billion. rishaad: it went up from that. statement is on the website. have a listen. date, we have already exchanged 130,000 units, a fast and meaningful start. willpa
it is another day, another headache for samsung. u.s. officials joining the recall. samsung urging users to replace phones immediately. it is a new body blow. what is the latest? recall,t is an official one million phones, 97% of phones sold in the u.s. essentially if you bought your , you before september 15 are covered by the recall. take your phone back and have it change for a free one. they had a conversation with samsung. they found the battery was too big for the phones's case. it...
99
99
Sep 7, 2016
09/16
by
BLOOMBERG
tv
eye 99
favorite 0
quote 0
the battle between apple and samsung is only eating up. iphone sales are falling as samsung had its most profitable quarter in two years. apple may have something else working in its favor. samsung just issued a massive havel of the galaxy notes been due to an issue of exploding batteries. it is stacking up against increasing competition. with that, the ceo of 15 year veteran. research.orrester how devastating is this recall at this particular time when they had a head start at getting the new phone out there and now androidets are its space. they are doing interesting things. phone.s a new high-end they are going squarely after the samsung market. the apple has still gone back to what apple used to be, a product for a very elite audience in a demographically high-end office spectrum, so they have a much higher room to make profit and sell devices. as far as samsung is concerned, battery issues, i think the responses terrible. they should be recalling every single device. blaming a supplier? no. it is your device. apple did not run away. m
the battle between apple and samsung is only eating up. iphone sales are falling as samsung had its most profitable quarter in two years. apple may have something else working in its favor. samsung just issued a massive havel of the galaxy notes been due to an issue of exploding batteries. it is stacking up against increasing competition. with that, the ceo of 15 year veteran. research.orrester how devastating is this recall at this particular time when they had a head start at getting the new...
116
116
Sep 15, 2016
09/16
by
BLOOMBERG
tv
eye 116
favorite 0
quote 0
>> yes, at this point what we was is that samsung sdi making the batteries. there were several reports, but they mostly point towards a membrane that separates the positive and negative terminals within the battery. that seemed to have failed or way,ork properly in some so essentially what you get is a short circuit, and we are talking about volatile sensitive chemicals in the battery that causes a chain reaction and an electrical fire, so that is really what seems to be the issue. samsung has said that they are switching to new suppliers, and so they seem to have figured out the problem at the very least. rishaad: right, now what changes might we see as a result of this exploding phone episode? atthe reality is that we are the limits of battery technology , the material sciences is just coming up against some very hard physical rules, and unless we see a lot of new materials or new ideas come into this space, we will not see an improvement anytime soon because a lot of these technological advances with batteries take 10-15 years to develop, so what we will p
>> yes, at this point what we was is that samsung sdi making the batteries. there were several reports, but they mostly point towards a membrane that separates the positive and negative terminals within the battery. that seemed to have failed or way,ork properly in some so essentially what you get is a short circuit, and we are talking about volatile sensitive chemicals in the battery that causes a chain reaction and an electrical fire, so that is really what seems to be the issue....