Electronics Co., Ltd. is a global leader in technology, opening new
possibilities for people everywhere. Through relentless innovation and
discovery, we are transforming the worlds of TVs, smartphones, tablets,
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Samsung buys startup LoopPay, moves toward mobile
REUTERS - Samsung Electronics Co Ltd has bought U.S. mobile wallet
startup LoopPay, signalling its intention to launch a smartphone
payments service to compete with a recent offering from rival Apple Inc.
Mobile payments have been slow to catch on in the United States and
elsewhere, despite strong backing. Apple, Google, and eBay Inc's PayPal
have all launched services to allow users to pay in stores via
The weak uptake is partly because many retailers have been reluctant to
adopt the hardware and software infrastructure required for these new
mobile payment options to work. These services also fail to offer much
more convenience than simply swiping a credit card, Samsung executives
said on Wednesday.
Korea – July 8, 2014 – Samsung Electronics Co., Ltd. today announced
its earnings guidance for the second quarter of 2014.
Consolidated sales: Approximately 52.0 trillion Korean won
Range: 51.0 – 53.0 trillion Korean won)
Consolidated operating profit: Approximately 7.2 trillion Korean won
Range: 7.0 – 7.4 trillion Korean won)
The above figures are consolidated earnings estimates based on