Fox Business - The Power to Prosper
Search Site

Mobile World Congress

Samsung Passed Apple in U.S. Ads Spending

In the smartphone business, following the money leads right to Samsung Electronics Co. (005930.SE, SSNHY).Outspent by rival Apple Inc. (AAPL) more than three to one in advertising for mobile phones in the U.S. in 2011, Samsung responded with a marketing blitz on TV, billboards, the Internet and print media that moved the South Korean company into the pole position last year.In 2012, Samsung spent $401 million advertising its phones in the U.S. to Apple's $333 million, according to ad-research and consulting firm Kantar Media. The onslaught--including ads that poked fun at Apple while dubbing Samsung devices "The Next Big Thing"--has helped Samsung open a huge lead in the global smartphone race.The willingness to spend heavily could prove even more important as the technology gap between rivals narrows."They understand how to build a strong product .. and have been willing to invest to drive their success," said Michael Sievert, chief marketing officer of T-Mobile USA Inc., a unit of De...

Read More

  1. TECH STOCKS: Zynga Gains, But Most Tech Stocks Fall Late

    Concerns about election results in Italy weighed on U.S. markets on Monday, which led to selling in tech stocks and left much of the sector in the red.The potential ...

  2. Samsung's Heft in Android Worries Google

    Samsung Electronics Co. (SSNHY) has become the biggest seller of mobile devices using Google Inc.'s (GOOG) Android mobile operating system. That creates a problem fo...

  3. TECH STOCKS: Zynga, Netflix Gain As Tech Stocks Slip

    Shares of Zynga Inc. and Netflix Inc. made strong gains Monday, though much of the tech sector was weighed down by broad-market weakness by the early afternoon.The N...

  4. Card Networks Take on Plastic With Mobile Platforms

    The world's largest payments networks are angling to capture more electronic transactions by eliminating plastic from the equation.Visa Inc. (V) and MasterCard Inc. ...

  5. MOBILE WORLD: Deutsche Telekom Open to Partnerships Where It Is a Challenger

    Deutsche Telekom AG (DTE.XE) is open to partnerships in markets where it is in a challenger position, the company's management board member for Europe said Monday."P...

  6. GM doesn't see Opel talks stretching into March

    General Motors still believes it can strike a deal in the next few days with German labor unions over a restructuring of its loss-making European arm Opel, GM Vice C...

  7. Vodafone can invest in Europe without Verizon sale, says CEO

    Vodafone says that it does not need to sell part of its stake in the highly profitable Verizon Wireless joint venture in the United States to bolster its position in...

  8. GM switches to AT&T from Verizon for OnStar wireless service

    General Motors Co has chosen AT&T Inc to provide high-speed wireless service for its 2015 car models, dropping its long-term provider Verizon Wireless.OnStar - best ...

  9. MasterCard Takes Aim at Plastic With Mobile Platform

    MasterCard Inc. (MA) is angling to capture more electronic transactions by eliminating the plastic from the equation.The Purchase, N.Y.-based company, which operates...

  10. MARKET COMMENT: Taiwan Shares Down 0.2%; 7950 Support Eyed

    0138 GMT [Dow Jones] Taiwan shares are 0.2% lower at 7972.85 amid a lack of new catalysts as investors stay cautious ahead of the earnings results season, says Mars ...

  11. HP eyes tablet comeback with Android-backed Slate 7

    Hewlett-Packard Co announced the launch of a $169 tablet powered by the Android operating system, a centerpiece of the company's effort to expand in mobile devices a...

  12. Divide between European and U.S. telcos widens

    When the bosses of global mobile operators meet in Barcelona this week, there will be an elephant in the room: the widening gap between fast-growing and richly-value...

  1. MOBILE WORLD: Summary of Today's Top Stories

    The following summarizes Wednesday's main stories from the Mobile World Congress in Barcelona:Qatar Telecom in 'Final Evaluation' of Potential Maroc Telecom Bid - CE...

  2. MOBILE WORLD: Qatar Telecom in 'Final Evaluation' of Potential Maroc Telecom Bid - CEO

    Qatar Telecom's (QTEL.DO) chief executive said Wednesday that Maroc Telecom (IAM.CL), could be a "good fit" with its portfolio of operators, and it is now evaluating...

  3. MOBILE WORLD: Afghanistan Welcomes the Digital Age - Telecoms Minister

    Afghanistan's appetite for mobile technology and the associated need for digital security is transforming the country's communication agenda, attracting overseas inv...

  4. Nokia Siemens Networks Aims for No.2 Slot in U.S. Market

    Nokia-Siemens Networks is mounting an expansion drive in North America where the world's third-largest telecom equipment maker believes a spate of deal-making among ...

  5. MOBILE WORLD: Cable & Wireless Wants to Buy to Stay in Business

    U.K. telecom services firm Cable & Wireless Communications PLC (CWC.LN) will look for growth opportunities in the Caribbean once it finishes its current sale of asse...

  6. Nokia Siemens Networks to Build LTE Network for E-Plus

    Mobile carrier E-Plus has tasked Nokia Siemens Networks, a joint venture between Nokia Corp. (NOK) and Siemens AG (SI), to build its fast, LTE network, NSN said Tues...

  7. MOBILE WORLD: Deutsche Telekom CEO Urges 'Regime Change' in Europe Telco Regulation

    Deutsche Telekom AG's (DTEGY) Chief Executive Rene Obermann Tuesday said that Europe must reduce regulations for its telecommunications sector, throwing his weight b...

‹ Prev123Next ›
Freebase CC-BY
Source: Mobile World Congress on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL