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.
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).
Nov 18, 2020
Google today launched a major revamp of its Google Pay app with a new interface and several major new features. Instead of a stack of cards and list of transactions, the new interface centers around the people and businesses you exchange money with, with a conversation-style interface for each person, group, and business.
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."