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Mobile Business

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Trump Organization Withdraws 'Made in the USA' Claim for T1 Smartphone

Originally Published 6 months ago — by New York Post

The Trump family has replaced the 'Made in the USA' label on their $499 Trump Mobile phones with 'proudly American,' amid skepticism about the feasibility of manufacturing smartphones entirely in the U.S., and as part of a broader effort to capitalize on patriotic sentiment and MAGA support. The change raises questions about the accuracy of the claims, given the high costs and infrastructure challenges of domestic phone production, and follows previous controversies over the origin of Trump-branded products.

business business business made-in-usa mobile-business patriotism smartphone trump

Samsung's Profits Plummet Amid Chip Downturn

Originally Published 2 years ago — by CNN

Samsung Electronics reported a record loss in its semiconductor business due to weak demand for tech devices, causing chip prices to plummet. The chip division reported a loss of 4.58 trillion won compared to an 8.45 trillion won profit a year earlier. However, Samsung's mobile business reported a profit of 3.94 trillion won in Q1. Samsung expects a gradual recovery for chips in the second half of the year and is focusing on high-capacity server and mobile products. The company spent 10.7 trillion won in capital expenditures during Q1, the highest for the first quarter of any year.

business business business chip-prices global-economy mobile-business samsung semiconductor