Introduction: Sony Ericsson’s Xperia Play is the world’s firs PlayStation certified device. While it may not be a frontrunner in the spec department in the current market, the PlayStation controls–D-pad, touch sensitive joysticks, four standard PS buttons, and shoulder buttons–make for a different and superior gaming experience on a mobile phone.
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Samsung Electronics held its mandatory 42nd Annual General Meeting at its headquarters in Seoul. Samsung reiterated its financial results from 2010 where the Korean giant’s full-year revenue reached an all-time high of 154.63 trillion won, 13-percent up from the previous year and consolidate net income reaching 16.15 trillion won. “Even amid continuing effects of the global financial crisis, Samsung was last year able to achieve its highest sales and net income since our establishment in 1969,” said Geesung Choi, Vice Chairman and CEO of Samsung Electronics.” 2010 was a year in which we came out on top in the electronics industry and strengthened our position as a leading global company.” Samsung’s Choi also said that they’ll look to “maintain its sales growth momentum from last year” and will try to strengthen their leadership in LCD panels, mobile devices and flat panel TVs.
Samsung continues its expansion in the healthcare business by entering into a joint venture with US-based Quintiles Transnational Corp. Samsung will invest 300 billion won or US$266 million and will setup a plant in Songdo district of Incheon, near Seoul to produce biopharmaceutical drugs for cancer and arthritis.
Samsung, KT and Intel have teamed up to introduce a cloud-based LTE technology that will be will be demonstrated at MWC.