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  • *Q4 operating profit $5.1 bln, in line with guidance. SEOUL, Jan 28- Tech giant Samsung Electronics Co Ltd on Thursday warned of possible weaker earnings this year due to softer sales of gadgets such as smartphones, a trend that is also hurting rival Apple Inc and major chipmakers. Revenue rose 1.1 percent to 53.3 trillion won, slightly better than the 53 trillion won...

  • SEOUL, Jan 28- Tech giant Samsung Electronics Co Ltd on Thursday warned of possible weaker earnings this year compared with 2015 due to softer sales of gadgets such as smartphones, a trend that is also hurting rival Apple Inc and major chipmakers. Samsung said its October-December operating profit was 6.1 trillion won, compared with 6.1 trillion won it guided...

  • SEOUL, Jan 28- Tech giant Samsung Electronics Co Ltd said on Thursday its October-December profit rose 16.2 percent from a year earlier, in line with its earlier estimates as earnings from its chips and mobile businesses improved. Samsung said in a regulatory filing its fourth-quarter operating profit was 6.1 trillion won, compared with 6.1 trillion won it...

  • HONG KONG/ BEIJING, Jan 27- China's smartphone boom may be over, as even Apple Inc grapples with a slowing economy and investor darling Xiaomi Inc struggles to stand out amid intense competition in low-margin handsets. Xiaomi, China's most valuable start-up with a $45 billion pricetag, is under threat, after it missed targets for $1 billion in Internet service...

  • HONG KONG/ BEIJING, Jan 27- Xiaomi Inc, China's second-biggest smartphone vendor, more than doubled Internet services revenue in 2015 to about $564 million, an internal document reviewed by Reuters showed, but still fell well short of an internal target of $1 billion. Lei Jun, founder and chief executive of China's most valuable startup, had set the $1 billion...

  • HONG KONG, Jan 27- Smartphone maker Xiaomi Inc, China's most valuable startup, more than doubled Internet services revenue in 2015 to about $564 million, according to an internal document reviewed by Reuters, but still fell well short of an internal target of $1 billion. Xiaomi founder and chief executive Lei Jun had set the $1 billion target last year.

  • SAO PAULO, Jan 22- The head of Brazilian operations and co-chief executive of online retailer Cnova NV, a subsidiary of France's Casino Guichard Perrachon SA, has resigned after an investigation of inventory mismanagement in Brazil. Emmanuel Grenier, head of French e-commerce site Cdiscount and Cnova's other co-CEO, will take over as sole chief executive of...

  • *To ship 58 mln handsets via China retailers- source. *To raise China own-stores to 50 from 20 this year- source. HONG KONG, Jan 21- Xiaomi Inc aims to sell double the number of handsets offline in China this year than analysts estimated it sold offline globally last year, an internal document showed, signalling a shift away from an online-focused strategy copied by...

  • TOKYO, Jan 21- Taiwan's Hon Hai Precision Industry Co has offered 625 billion yen to buy Sharp Corp and has no plans to replace top management, a gesture aimed at reassuring Japanese authorities worried about an overseas takeover, the Wall Street Journal reported. Shares in the embattled electronics maker, which is considering a separate proposal from a...

  • MUMBAI, Jan 20- Apple Inc has applied to set up its own stores in India, one of the world's fastest growing smartphone markets, as the iPhone-maker looks to tap new opportunities amid worries of slowing growth in its main markets. Apple sells its iPhones, iPads and Macs in India through third party resellers, and industry analysts estimate that the Cupertino,...

  • TOKYO, Jan 20- Japanese manufacturers' morale slipped in January and is expected to stay subdued over the coming three months, a Reuters poll found, in a sign that fears of a deepening China- led global slowdown and market turmoil are taking their toll on exporter confidence. Domestic demand is weak as well, and the economy may have contracted in the last quarter, "said...

  • NEW DELHI, Jan 19 (Reuters)- India has every chance of becoming an export powerhouse, Prime Minister Narendra Modi's top economic adviser told Reuters, despite an ill wind blowing from China that has hurt the ability of Asia's third-largest economy to compete. From parity in 1980, China's economy has outgrown India's fivefold to $10 trillion.

  • BEIJING/ HONG KONG, Jan 15- Smartphone maker Xiaomi Inc said on Friday it had shipped more than 70 million handsets in 2015, undershooting its own target and casting doubts about the growth prospects of China's most valuable tech startup in a cut-throat market. A spokeswoman for the company once pipped as Apple Inc's biggest rival in China declined to say why...

  • Jan 14- Best Buy Co Inc said it expected its U.S. sales to fall by about 1.5 percent in the current quarter due to weak demand for mobile devices, scanners and printers in the holiday season. The company's U.S. comparable sales, excluding the impact of installment billing plans, fell 7.2 percent in the mobile phones and computing products category in the nine weeks...

  • *2016 capex likely $9 bln to $10 bln. Demand for high-end smartphones has started the year weak, while in other segments there are already signs of upward demand momentum in emerging markets including China, the world's biggest for smartphones, TSMC said. Last year's total capex of $8.12 billion came as a slump in the global technology sector and slowing economic...

  • TAIPEI, Jan 14- Taiwan Semiconductor Manufacturing Co Ltd on Thursday estimated capital expenditure for this year of $9 billion to $10 billion, at least 10 percent more than the four-year low of 2015.. Last year's total of $8.12 billion came as a slump in the global technology sector and slowing economic growth in China, the world's largest smartphone market,...

  • SEOUL, Jan 14- Qualcomm Inc said on Thursday Samsung Electronics Co Ltd will become the sole manufacturer of its new flagship mobile chip, a major boost for the South Korean tech giant as it vies for deals with bigger rival TSMC. The deal, which some analysts estimate is worth over $1 billion, comes as Samsung, a major Apple Inc supplier, is heading into another profit...

  • Jan 13- Chipmaker Qualcomm Inc and Japan's TDK Corp said they have formed a $3 billion joint venture to supply key components and modules used to communicate wirelessly with devices like smartphones, drones, robots and Internet of things. Qualcomm Global Trading Pte Ltd will hold 51 percent of the new venture RF360 Holdings, while the remaining 49 percent will...

  • Most notably, BMW has created a 200- strong digital innovation hub in Chicago, hiring software engineers who worked for mobile phone pioneer Nokia, as the German carmaker seeks to get ahead in the area of assistance systems and software applications. "Their task is to develop a premium experience in the digital area and in mobility services," BMW board member Ian...

  • TOKYO, Jan 12- A $3 billion restructuring plan for Japanese electronics firm Sharp Corp is likely to be finalized as early as this week, a person with direct knowledge of the discussions said on Tuesday. State-backed fund Innovation Network Corporation of Japan is leading the bailout, which would be Sharp's third major package in three years, and would invest...