American, Chinese companies compete for U.S. mobile payment adoption

The race is on — between American and Chinese companies alike — to get U.S. consumers to pay for everything with their phones. But as the chart below makes plain, that market barely exists.

Adapted from CivicScience; Chart: Andrew Witherspoon/Axios

Samsung warning shows continued softness in consumer electronics

Samsung's offices in San Jose, Calif.
Photo: Samsung

Samsung Electronics warned on Tuesday that its first quarter profits will fall short of expectations amid weakness in its chips and display businesses.

Why it matters: The shortfall is in Samsung's component business, indicating that the issue extends well beyond Samsung's own consumer electronics products and suggests sluggishness throughout the industry.