Samsung Fined for Fakery
Samsung , the South Korean technology giant, was fined $340,000 dollars by Taiwan for hiring students to bash competitors. Samsung responded that they were "disappointed" in the decision and reiterated their commitment to engaging in honest communication with their customers.
However, Samsung has a reputation of a company that plays fast and loose with the rules. In addition to these communication issues, it also engages in "benchmark targeting." In essence, optimizing their processors around certain benchmarks in order to make their performance appear better than it actually is.
However, all is not bad for Samsung; they reported selling 40 million units of their Galaxy S4 smartphone. If this number is to be believed, it is impressive for any smartphone manufacturer that operates Google's Android OS. Although that number is slowing, it is an impressive number in the first six months. How does it compare to Apple's iPhone 5 sales?
In this segment of Tech Teardown, Erin Kennedy discusses Samsung's positives and negatives with Jamal Carnette and Evan Niu, CFA.
Get great growth for your portfolio
Motley Fool co-founder David Gardner, founder of the No. 1 growth stock newsletter in the world, has developed a unique strategy for uncovering truly wealth-changing stock picks. And he wants to share it, along with a few of his favorite growth stock superstars, WITH YOU! It's a special 100% FREE report called "6 Picks for Ultimate Growth." So stop settling for index-hugging gains... and click HERE for instant access to a whole new game plan of stock picks to help power your portfolio.
The article Samsung Fined for Fakery originally appeared on Fool.com.Erin Kennedy owns shares of Apple. Evan Niu, CFA, owns shares of Apple. Jamal Carnette owns shares of Apple. The Motley Fool recommends Apple and Google. The Motley Fool owns shares of Apple and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.