Roh Tae-Moon to take over Samsung mobile chief position
South Korean electronics giant Samsung has appointed senior executive Roh Tae-Moon as the new chief for its smartphone division, replacing co-CEO DJ Koh who will remain head of mobile communications and IT. The move comes as Samsung faces increasing competition from Chinese firms like Huawei, Oppo and Vivo, especially in the lower and mid tier smartphone range.
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China’s exports jumped 7.2% against an estimated 0.2% fall
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China tries to find a new economic partner in South Korea
According to the latest media reports, South Korea and China are set to hold bilateral talks on the economy later this week. The talks will be held on Saturday in Qingdao, eastern China, where deputy ministers of the two sides will hold annual economic cooperation talks, South Korea’s Yonhap news agency said. The meeting comes amid escalating China-US trade and security tensions
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Apple reports a 225% growth in iPhone sales in China
Apple became the fastest-growing smartphone maker in China in the second quarter. The cheaper iPhone SE and the popularity of the iPhone 11 series, along with deep discounts, helped Apple get a boost. The sell-through volume for iPhones in China was 7.4 million units in the April to June quarter, a 32% growth year-on-year, according to Counterpoint Research. On a quarter-on-quarter basis, iPhone sales jumped 225%
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