Samsung appointed a new African CEO and boosted capital spending. There were several notable events in Samsung recently. One of which was appointing a new CEO for Africa.
Telecommunications
AT&T introduces new plan to vie against T-Mobile
AT&T would allow its customers to trade their phone every year for a new and discounted device without spending for an upfront payment.
America Movil to acquire KPN after ending its shareholdings in the company
America Movil' Carlos Slim was entitled to end the company's shareholdings in the Dutch telecoms firm KPN and was said to look into purchasing the company as a whole.
T-Mobile's zero down strategy is a worthwhile alternative - analysts
Analysts said that T-Mobile could potentially gain more customers with the new strategy that would not ask for an upfront payment.
Pulbicis-Omnicom merger to create a new giant in the communications industry
A new giant was created through the merger of Publicis and Omnicom which overshadowed WPP's dominance of more than four years in the communications market.
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Peter Loescher, the first outsider to lead the company will be leaving Siemens soon. Peter Loescher, chief executive of Siemens and the first outsider to lead the company, will be leaving the company four years ahead of his end of contract.
The possible merger of French company Publicis with Omnicom is expected to topple competitor WPP from the top spot.
Russian billionaire Vladimir Evtushenkov said he is considering takeover targets to expand his business abroad.
Apple is gearing for a Chinese invasion. Apple was expected to introduce a new and cheaper iPhone model to the world soon. This cheaper iPhone will also have a bigger screen, something which has been a staple of Samsung offerings.
The report stating Samsung beat Apple in China was false. A report by Melanie Lee and Miyoung Kim for Reuters stated that Samsung beat Apple in China. However, another report from CNNMoney written by Philip Elmer-DeWitt claimed that the real situation in the Chinese smartphone market was actually different.
Analysts noted that Verizon, AT&T and Sprint would all have a room for growth if they would make strategies that would benefit the services they offer for their customers.
Microsoft's recent fumbles and non-interest in its mobile phone ventures left Finnish company Nokia on the deep end.
Samsung continued to see growth in its market share. Although Samsung may not have performed well in terms of profit, it was gaining some traction in terms of market share.
Samsung reported not-good-enough profit, which could be a sign of market saturation. Samsung reported a record profit at KRW7. 8 trillion (US$7 billion).
