LG Exits Phone Business
LG Electronics today announced that it is closing its mobile business unit, exiting "the incredibly competitive mobile phone sector". The company has lost money on phones for years, having trouble competing with Samsung and Apple. Current LG phones will continue to be sold at first, but the company plans to move relatively quickly, completing the "wind down" of the business by July 31. "LG will provide service support and software updates for customers of existing mobile products for a period of time which will vary by region."
May 27, 2020
This summer, Samsung will launch Samsung Money by SoFi, a new financial product integrated with Samsung Pay. Like Apple Card, Samsung Money can be used as a payment method with the wallet app (Samsung Pay), the account is managed within the wallet app, and the product also includes a physical payment card.
Nov 29, 2018
T-Mobile has rolled out a digital banking service called T-Mobile Money. T-Mobile says T-Mobile Money is available to T-Mobile customers as well as non-customers.
Apr 29, 2018
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
Jul 23, 2020
Samsung Pay users can now sign up for Samsung Money in the new Money tab of the Samsung Pay app. Samsung Money is a debit card linked to a dedicated cash management account (similar to a checking account).
Oct 30, 2020
Samsung has officially launched SmartThings Find, a device-tracking solution roughly similar to Tile, as well as Apple and Google's respective Find My services. "SmartThings Find uses Bluetooth Low Energy and ultra-wideband (UWB) technologies to help people find select Galaxy smartphones, tablets, smartwatches and earbuds."
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