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The digital media company announced Wednesday that after two years of being the interim CEO, the board decided to make his position permanent. "Rob is the best person to complete Real's turnaround and to lead the company into the future," Dominique Trempont, lead independent director of the RealNetworks board, said in a statement. "The board greatly respects his leadership, vision, and the excellence of the team Rob has assembled."Glaser founded the company in 1994 and was CEO for its first 16 years. After stepping down in 2010, Robert Kimball became the company's chief for a little more than one year. Kimball's quick resignation ultimately put Glaser back in charge.
"I'm honored to be named Real's CEO," Glaser said in a statement, "In lexus f iphone case the two years I've been interim CEO, we've made tremendous progress revitalizing Real's leadership team and products."A couple of years ago, RealNetworks was facing a years-long slide in revenues, as well as stiff competition and pricing pressure, While still in a tough market, the company has managed to introduce several new products, like the watch-it-anywhere video service RealPlayer Cloud, RealNetworks said Wednesday that this service reached more than 5 million registered users in the last nine months..
RealNetworks also has a 45 percent equity stake in subscription streaming music service Rhapsody International. The company announced Tuesday that Rhapsody just reached its 2 millionth paying member. The music service, which essentially invented the all-inclusive subscription model in 2001, took a decade to hit its first million subscribers in December 2011. The second million comes just a year and a half later. "In this next phase," Glaser said, "we will both continue to deliver compelling products that consumers embrace, and also leverage the popularity of our products to re-establish the company's financial success."The company's founder finds himself back at the helm with plans to keep pushing forward with services like RealPlayer Cloud and Rhapsody.
The South Korean electronics giant also warned the second half of 2014 would "remain a lexus f iphone case challenge" as competition in the mobile market leads to lower device prices and hurts its results, "Prospects for growth remain unclear as competition over global market share intensifies in the mobile industry," the company said in a press release, "Samsung expects to see its sales of mobile devices increase with the rollout of flagship products and new models, but profitability may suffer due to a heated race over price and product specifications."At the same time, Samsung said it will focus on releasing "new premium mobile devices, and a new flagship model in the large screen category, along with new mid-to-low-end models with more advanced features and competitive pricing" to address what's expected to be stronger seasonal demand later this year, And it plans to introduce "a more diverse product portfolio" in wearables, a market that's expected to grow..
"Samsung will solidify its smartphone market leadership by further strengthening its product portfolio and leveraging its differentiated technologies and design," the company said. The results come about a month after Samsung warned its profits and sales would be weak. In an unusual statement labeled "reference material" released with the guidance in early July, Samsung blamed its weak results on a slowdown in overall smartphone market growth and a strong Korean won, among other factors. The company has been counting on new flagship devices, such as the Galaxy S5 smartphone and Galaxy Tab S tablet, to boost results, but competition has been fierce.
Samsung on Wednesday said market lexus f iphone case demand for mobile devices typically is low during the second quarter, but overall market demand for smartphones was flat from the first quarter while tablet demand fell slightly, Samsung, though, posted lower shipments for both smartphones and tablets because of increased costs related to sales of the Galaxy S5, Excess inventory in Europe caused sales for the devices to slide, and Samsung increased the amount it spent on marketing to counteract the issue, Samsung's mobile division, which typically accounts for two-thirds of the company's revenue, recorded a second-quarter operating profit of 4.42 trillion won ($4.31 billion), down 30 percent from the previous year and down 31 percent sequentially, Sales slid 20 percent to 28.45 trillion won ($27.65 billion)..
Overall, Samsung's operating profit totaled 7.19 trillion won ($6.99 billion), down from 9.53 trillion won in the year-earlier period. Sales slid 8.9 percent to 52.35 trillion won ($51 billion). The period marked the first quarter of sales for Samsung's newest flagship smartphone, the Galaxy S5. The company vowed the device, which it unveiled in late February and started selling in April, would sell better than its predecessor, the Galaxy S4. Samsung in May revealed it sold 11 million Galaxy S5s in the first month of sales, outpacing the Galaxy S4 by 1 million units. But there have been worries lately that Galaxy S5 sales are weaker than hoped, and Samsung hasn't released any updated shipment figures.
Samsung has been under pressure from Chinese handset makers in recent months, It saw its global smartphone market share retreat about 7 percentage points year over year to 25 percent in the second quarter, according to IDC, The market share slide represented the second consecutive decline for Samsung, with the first quarter seeing the company's first drop since 2009, And Samsung's lexus f iphone case shipment volume in the second quarter dropped nearly 4 percent from the previous year while everyone else in the top 5, including Apple and Chinese vendors Huawei and Lenovo, saw their shipments rise, IDC said..