Samsung disappoints as iPhone screens prove no match for the won
7 years, 2 months ago

Samsung disappoints as iPhone screens prove no match for the won

Live Mint  

Seoul: Samsung Electronics Co. missed analyst profit estimates as South Korea’s surging currency and year-end bonuses outweighed display orders from Apple Inc. for the new iPhone X. The won’s 7% jump against the dollar in the final quarter to a three-year high is now creating headwinds for South Korea’s biggest company “Impact from currency is inevitable,” said Sanjeev Rana, a Korea technology analyst at CLSA. It’s the manufacturer that takes the risk.” Every 10 won change in the exchange rate affects Samsung’s operating profit by about 200 billion won on a quarterly basis and the impact in the fourth quarter was about 600 billion won, Rana estimated. “The first quarter earnings are expected to be 15 trillion won.” Samsung is said to be planning to debut its new flagship smartphone, the Galaxy S9, next month, presenting the iPhone X with a sooner-than-expected challenger.

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History of this topic

India's Tax Crackdown: Govt Orders Samsung To Pay $601 Million For Import Violations
5 days, 17 hours ago

India's Tax Crackdown: Govt Orders Samsung To Pay $601 Million For Import Violations

ABP News  

India's tax authorities have ordered South Korean electronics giant Samsung and its executives in the country to pay $601 million in back taxes and penalties over allegations of misclassifying telecom equipment to avoid import duties. Customs Authorities Reject Samsung's Defence However, Indian authorities dismissed this defence in a confidential order dated January 8, reviewed by the news agency. Additionally, seven …

Samsung expands its AI-phone range with a trio of 5G Galaxy models
4 weeks ago

Samsung expands its AI-phone range with a trio of 5G Galaxy models

Firstpost  

Samsung’s launching of more powerful cheap smartphones comes only days after Apple launched the $599 iPhone 16e, a more affordable entry point for people interested in its ecosystem Samsung is spreading features of its flagship software to the rest of its lineup. The Galaxy A26 starts at US$299.99, and the company’s new lineup includes a trio of 6.7-inch 5G devices …

Apple iPhone 15 tops global smartphone sales in 2024, Samsung follows with 3 models
1 month, 3 weeks ago

Apple iPhone 15 tops global smartphone sales in 2024, Samsung follows with 3 models

India TV News  

Apple has once again dominated the smartphone industry, securing seven spots in the list of the top 10 best-selling smartphones of 2024, according to market research firm Canalys. The Cupertino-based tech giant’s iPhone 15 emerged as the best-selling smartphone, followed by the iPhone 16 Pro Max and iPhone 15 Pro Max. Apple leads the smartphone market in 2024 Samsung, Apple’s …

Samsung Electronics posts 129.85% jump in Q4 operating profit
2 months ago

Samsung Electronics posts 129.85% jump in Q4 operating profit

Live Mint  

Samsung Electronics said Friday its operating profits surged 129.85 percent year-on-year in the fourth quarter of 2024, but fell from the previous quarter as it struggled to meet demand for chips used in artificial intelligence servers. US tech giant Nvidia, whose semiconductors power the AI industry, has been relying on SK hynix, Samsung's South Korean rival, as its main supplier …

Samsung leads global mobile market, Apple comes second
2 months, 2 weeks ago

Samsung leads global mobile market, Apple comes second

New Indian Express  

NEW DELHI: South Korean technology giant Samsung maintained its leadership in the global mobile market, capturing 19% of the market share in 2024. However, both companies experienced a slight decline in market share compared to the previous year—Apple held 19% and Samsung had 20% in 2023. To illustrate, Pro and Pro Max devices were at mid-forties share in China during …

India’s smartphone market all set to cross $50 billion in 2025
2 months, 3 weeks ago

India’s smartphone market all set to cross $50 billion in 2025

New Indian Express  

NEW DELHI: India’s smartphone market is set to surpass $50 billion in value by 2025, driven by the ongoing trend of premiumisation, according to the latest research from Counterpoint Research. Consumers willing to pay more In simple terms, more and more Indian consumers are willing to spend more on smartphones that offer improved specifications, such as better cameras, faster processors, …

S.Korean stocks close higher for fourth session as Samsung Elec shines
2 months, 3 weeks ago

S.Korean stocks close higher for fourth session as Samsung Elec shines

Live Mint  

* KOSPI rises, foreigners net buyers * Korean won weakens against dollar * South Korea benchmark bond yield falls * For the midday report, please click SEOUL, - Round-up of South Korean financial markets: ** South Korean shares ended higher on Wednesday for the fourth session, boosted by gains in Samsung Electronics after Nvidia CEO Jensen Huang expressed confidence that …

Apple vs Samsung: See which smartphones Indians are buying
4 months, 2 weeks ago

Apple vs Samsung: See which smartphones Indians are buying

Hindustan Times  

Apple's market share in India has expanded while rival Samsung has struggled with its sales numbers taking a hit yet again, showed data from market intelligence firm International Data Corporation. Apple's market share grew by 58.5% year-over-year for the third quarter of 2024, while Samsung's market share fell by 19.7% year-over-year for the same period. She added that the launch …

Samsung, OnePlus woes threaten premium smartphone growth in India
4 months, 2 weeks ago

Samsung, OnePlus woes threaten premium smartphone growth in India

Live Mint  

NEW DELHI : India’s premium smartphones market witnessed a surprisingly muted festive period as buyers deferred purchases citing lack of innovation, according to retailers and distributors. Read this | Diwali smartphone sales revive budget phones—for now “Samsung’s premium devices saw a clear downturn in demand from buyers during the festive period, even though it did strongly in the budget 5G …

Samsung posts a 15-fold increase in operating profits in last quarter
7 months, 4 weeks ago

Samsung posts a 15-fold increase in operating profits in last quarter

Associated Press  

SEOUL, South Korea — Samsung Electronics Co. reported a 15-fold increase in operating profit for the second quarter this year, largely thanks to a strong demand for memory chips amid the expansion of artificial intelligence technologies. The company said favorable market conditions drove higher average sales prices, while robust sales of organic light-emitting diode panels also contributed to the stronger …

Global smartphone market sees 6.5 per cent growth in Q2, Samsung and Apple lead: IDC Report
8 months, 2 weeks ago

Global smartphone market sees 6.5 per cent growth in Q2, Samsung and Apple lead: IDC Report

India TV News  

Global smartphone shipments have reportedly increased by 6.5 per cent in the second quarter of 2025, which will be driven by Samsung Electronics and Apple. Global smartphone shipment in the second quarter As per the Reuter report, it is marked as the fourth consecutive quarter of growth in global shipments, in which smartphone manufacturers are leveraging artificial intelligence to attract …

AI frenzy expected to have boosted Samsung second-quarter profit 13-fold
8 months, 3 weeks ago

AI frenzy expected to have boosted Samsung second-quarter profit 13-fold

The Hindu  

Samsung Electronics is expected to post a 13-fold increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices. Operating profit for the world's biggest maker of memory chips, smartphones and TVs likely rose to 8.8 trillion won in the quarter ended June 30, according to the average of an …

Samsung’s profit surges after AI boom reverses chip losses
11 months ago

Samsung’s profit surges after AI boom reverses chip losses

Hindustan Times  

Samsung Electronics Co. topped analyst earnings estimates after its semiconductor division returned to profitability, as companies like Microsoft Corp. and Alphabet Inc. led a surge in spending on artificial intelligence services. Samsung Electronics reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory …

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
11 months ago

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets

Associated Press  

SEOUL, South Korea — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. Revenue rose by nearly 13% to 71.9 trillion won, driven by higher prices for memory chips and robust sales of its flagship Galaxy S24 …

Samsung overtakes Apple as top smartphone maker in Q1 2024
11 months, 2 weeks ago

Samsung overtakes Apple as top smartphone maker in Q1 2024

The Hindu  

April 15, 2024 10:06 am | Updated 10:08 am IST Apple’s smartphone shipments took a hit by about 10% in the first quarter of 2024, according to a report published by Reuters on Monday, citing data from IDC. During the January- March period, Samsung reportedly captured 20.8% of the market share, clinching the top smartphonemaker position from Apple. In the …

Samsung witnesses new opportunity in AI: Know-how
1 year ago

Samsung witnesses new opportunity in AI: Know-how

India TV News  

Samsung Electronics, the largest memory chip maker in the world has stated that the macroeconomic uncertainties are expected to grow higher by this year itself. In an annual meeting of shareholders Han Jong-hee, Vice Chairman and CEO of Samsung Electronics said, "Although uncertainties in the macroeconomic environment are expected to be high this year, new opportunities will also be increased …

Apple China sales lag overshadows quarterly profit, revenue beats
1 year, 1 month ago

Apple China sales lag overshadows quarterly profit, revenue beats

Live Mint  

Apple on Thursday reported China sales that missed Wall Street targets, overshadowing overall sales and profit that beat analysts' targets, powered by iPhone growth. Wall Street had been targeting just under $96 billion in sales, a small year-over-year rise, according to LSEG data, compared with Apple's forecast of roughly $90 billion, which is $5 billion below last year's figure. Apple …

Samsung reports decline in profit but anticipates business improvement driven by chips
1 year, 2 months ago

Samsung reports decline in profit but anticipates business improvement driven by chips

Associated Press  

SEOUL, South Korea — Samsung Electronics on Wednesday reported an annual 34% decline in operating profit for the last quarter as sluggish demands for its TVs and other consumer electronics products offset hard-won gains from a slowly recovering computer chip market. The South Korean technology giant said it expects its business to improve throughout 2024, forecasting larger demands for semiconductors …

Apple Pips Samsung For The First Time To Dominate Global Smartphone Shipments In 2023
1 year, 2 months ago

Apple Pips Samsung For The First Time To Dominate Global Smartphone Shipments In 2023

ABP News  

In 2010, a company other than Samsung last held the top position in the global smartphone market. This significant change is fueled by Apple's all-time high market share a first time at the top, says a report by International Data Corporation. According to preliminary data from IDC's Worldwide Quarterly Mobile Phone Tracker, 2023 witnessed a 3.2 per cent year-over-year decline …

Apple vs Samsung: iPhone maker overtakes South Korean giant as world's largest smartphone maker
1 year, 2 months ago

Apple vs Samsung: iPhone maker overtakes South Korean giant as world's largest smartphone maker

Firstpost  

In a historic shift, Apple’s iPhone outpaced Samsung’s smartphones to clinch the title of the world’s best-selling smartphone in 2023, marking the first time the South Korean tech giant has surrendered the top position since 2010. Meanwhile, Samsung experienced a 13.6 per cent decline in smartphone shipments, totalling 226.6 million units and securing a market share of 19.4 per cent, …

Apple dethrones Samsung to become world's top phone maker
1 year, 2 months ago

Apple dethrones Samsung to become world's top phone maker

Hindustan Times  

For the first time since 2010, Apple Inc has dethroned Samsung Electronics to become the best-selling smartphone company in 2023. Apple iPhone 15 plus Samsung, whose shipments slumped double-digits to 226.6 million, came in second, ahead of Chinese device makers like Xiaomi Corp. Apple iPhone 15 had a lukewarm reception in China, which is its biggest market in the world, …

Apple tops the slot in the global smartphone market from Samsung in 2023 - Report
1 year, 2 months ago

Apple tops the slot in the global smartphone market from Samsung in 2023 - Report

India TV News  

Apple tops the slot in the global smartphone market from Samsung in 2023 - Report he global smartphone shipments declined by 3.2 per cent year over year to 1.17 billion units in 2023, as per the report from the International Data Corporation. Apple has reportedly become the leader of the global smartphone industry in 2023 for the first time, driven …

Apple's upcoming iPhone 15 series could overtake Samsung in global smartphone market: Report
1 year, 6 months ago

Apple's upcoming iPhone 15 series could overtake Samsung in global smartphone market: Report

India TV News  

A recent report by market intelligence company TrendForce suggests that Apple's upcoming iPhone 15 series has the potential to challenge Samsung's long-standing position as the global market leader in smartphones. The global smartphone production industry has faced consecutive quarterly declines, with the second quarter of 2023 witnessing a 6.6 per cent drop, resulting in a total production of approximately 272 …

Global smartphone market declined 8% YoY in Q2 2023, premium segment remains immune: report
1 year, 8 months ago

Global smartphone market declined 8% YoY in Q2 2023, premium segment remains immune: report

The Hindu  

The global smartphone market declined 8% year-over-year in Q2 2023, making it the eighth consecutive quarter to witness YoY decline. The slowdown in growth can be attributed to the global smartphone market moving past its growth phase, consumer replacement cycles getting longer, convergence in device innovation, and the emergence of a more mature refurbished market for smartphones. Premium segment remains …

Samsung's India unit claims government owes it $110 million. Govt says...
2 years, 2 months ago

Samsung's India unit claims government owes it $110 million. Govt says...

Hindustan Times  

Samsung Electronics Co. is struggling to collect manufacturing incentives it considers it’s owed by India, highlighting the sometimes complicated nature of such government programs. Samsung's India unit claims government owes it $110 million. Read here: Amazon Republic Day Sale: Here are top 6 picks in mobile phones, up to 37% off The smartphone giant’s India unit is seeking just under …

Samsung logs sharp drop in profits- Reaffirms no production cut
2 years, 5 months ago

Samsung logs sharp drop in profits- Reaffirms no production cut

India TV News  

Samsung Electronics posted a sharp drop in profits for the third quarter of 2022, as its main semiconductor business faced major headwinds from weakening memory chip prices and demand. The world's largest memory chip and mobile phone maker said in a regulatory filing its third-quarter net profit declined 23.6 per cent from a year earlier to 9.38 trillion won, reports …

South Koreans are ditching Galaxy phones for iPhones- Report
2 years, 5 months ago

South Koreans are ditching Galaxy phones for iPhones- Report

India TV News  

South Koreans are ditching home-grown tech giant Samsung's Galaxy phones for iPhones over the gaming controversy, says a new report. According to SamMobile, a video from South Korea shows that the entire GOS controversy that unfolded earlier this year made many people switch from Galaxy devices to iPhones. As per the report, it emerged in March this year that Samsung …

Samsung’s earnings plummet in warning sign for global demand
2 years, 5 months ago

Samsung’s earnings plummet in warning sign for global demand

Al Jazeera  

Samsung Electronics Co has flagged a worse-than-expected 32 percent drop in quarterly operating earnings, as an economic downturn slashed demand for electronic devices and the memory chips that go in them. “Memory chip business is worse than expected, DRAM chip shipments may be down by higher-teens percentage versus second-quarter,” said Park Sung-soon, an analyst at Cape Investment & Securities. “Price …

South Korea President Yoon pardons Samsung vice-chairman Jay Y. Lee
2 years, 7 months ago

South Korea President Yoon pardons Samsung vice-chairman Jay Y. Lee

The Hindu  

South Korea's President Yoon Suk-yeol pardoned Samsung Electronics vice-chairman Jay Y. Lee on Friday, with South Korea's Justice Ministry saying the business leader was needed to help overcome a "national economic crisis". "We sincerely thank the government's and people's decision to grant pardon, and Chairman Shin Dong-bin and staff members at Lotte will contribute to overcoming the complex global crisis," …

Chips drive highest Samsung Q2 profit since 2018, but demand cooling
2 years, 8 months ago

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

The Hindu  

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Smartphone demand weakens Rising inflation, concerns about a downturn in major markets, the war in Ukraine and China's COVID-19 lockdowns have resulted in slowing smartphone sales, …

15 Years Of iPhone: Apple Exec Slams Samsung For "Ripping Off" iPhone Tech
2 years, 9 months ago

15 Years Of iPhone: Apple Exec Slams Samsung For "Ripping Off" iPhone Tech

News 18  

The Apple vs Samsung feud is something that has been a thing in the tech space since a long time. Apple has, in the past, accused Samsung of copying the company’s technology, and has taken the South Korean electronics maker to court on multiple occasions for this very reason. Now, an Apple executive seems to have re-ignited the fire as …

Samsung Overtakes Apple To Become Leading Tablet Brand In India
2 years, 9 months ago

Samsung Overtakes Apple To Become Leading Tablet Brand In India

News 18  

Samsung is the new tablet market leader in India, as per the latest report from IDC ending March 2022. The South Korean brand has managed to pick up a 40 per cent market share in the Indian tablet sector, which is a 10 per cent growth compared to the previous quarter. Samsung launched its new Galaxy Tab S8 and the …

Samsung to invest $356 bln over five years in strategic sectors
2 years, 10 months ago

Samsung to invest $356 bln over five years in strategic sectors

The Hindu  

Samsung Group will invest 450 trillion won in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said. South Korea's top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive long-term growth in strategic areas such as the chip sector, while pledging aggressive investments in the biopharmaceutical sector …

Samsung Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales
2 years, 11 months ago

Samsung Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales

News 18  

Samsung Electronics on Thursday reported its best first-quarter earnings in four years on the back of solid chip and mobile demand. The world’s largest memory chip and mobile phone maker said its operating profit rose more than 50 per cent to $11.1 billion in a regulatory filing, reports Yonhap News Agency. The company said its memory business logged 26.87 trillion …

Samsung Elec sees component shortages persisting in H2, solid server chip demand
2 years, 11 months ago

Samsung Elec sees component shortages persisting in H2, solid server chip demand

The Hindu  

Samsung Electronics Co Ltd reported a 51% rise in quarterly profit on Thursday, buoyed by robust data centre demand for high-margin memory chips, but cautioned that component shortages will likely continue in the second half. The world's top memory chip and smartphone maker said demand for server chips is expected to be relatively solid in the second half, but the …

Samsung Electronics reports 50 percent jump in quarterly profits
2 years, 11 months ago

Samsung Electronics reports 50 percent jump in quarterly profits

Al Jazeera  

Samsung Electronics Co Ltd on Thursday reported a 50 percent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, as solid demand underpinned prices for memory chips. Although chip prices dipped in the first quarter, analysts said they had held up better than expected due to solid demand as well as cautious investment spending by chipmakers …

Samsung’s fourth-quarter revenue is best ever
3 years, 2 months ago

Samsung’s fourth-quarter revenue is best ever

Live Mint  

SEOUL : Samsung Electronics Co. capped off a year where it surpassed Intel Corp. to become the world’s No. Samsung, the world’s largest maker of smartphones and televisions, is considered a tech-industry bellwether, as a major electronics manufacturer and components supplier to companies such as Apple Inc. and Sony Group Corp. For the full year, Samsung’s net profit rose 51% …

Apple becomes top global smartphone player again in Q4 2021
3 years, 2 months ago

Apple becomes top global smartphone player again in Q4 2021

India TV News  

Highlights Apple is back at the top of the smartphone market after three quarters Apple accounted for 22 per cent of worldwide smartphone shipments in Q4 2021 Samsung took second place, down from the top spot in Q3 2021, with a market share of 20 per cent Apple has piped Samsung to take the top position in the global smartphone …

Samsung to invest $205 billion in tech, robotics, creating 40,000 new jobs
3 years, 7 months ago

Samsung to invest $205 billion in tech, robotics, creating 40,000 new jobs

Firstpost  

The announcement comes just days after Lee Jae-yong, the de-facto leader of the conglomerate, walked out of prison on parole after completing only about half of his jail term. Samsung Group unveiled a $205 billion investment blueprint on Tuesday aimed at making the company a leader in a range of technologies from semiconductors to robotics and creating 40,000 new jobs. …

Samsung Overtakes Apple in Smartphone Shipments as Xiaomi Closes In on iPhone Maker
3 years, 11 months ago

Samsung Overtakes Apple in Smartphone Shipments as Xiaomi Closes In on iPhone Maker

News 18  

Samsung Electronics reclaimed its crown as the world’s biggest smartphone maker from Apple in the first quarter of this year, cornering a fifth of overall global shipments. China’s Xiaomi rounded out the top three positions with its best quarterly performance ever as shipments surged 62 percent to 49 million phones and its market share rose to 14 percent, market research …

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales
3 years, 11 months ago

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales

News 18  

Samsung Electronics Co Ltd likely saw a 45 percent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its US plant. Operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won, according …

Samsung dominates 2020 foldable smartphone market: Report
4 years ago

Samsung dominates 2020 foldable smartphone market: Report

India TV News  

Samsung Electronics, the world's largest smartphone vendor, was the dominant player in the global foldable smartphone market last year, a report showed Tuesday, with its leading status expected to continue through 2021. For the whole of 2020, Samsung logged an 87 per cent share on a unit basis in the global foldable smartphone market that was estimated at 2.2 million …

Apple Surpassed Samsung to Emerge As Top Smartphone Vendor in Q4 2020: Gartner Report
4 years, 1 month ago

Apple Surpassed Samsung to Emerge As Top Smartphone Vendor in Q4 2020: Gartner Report

News 18  

Apple, for the first time beat Samsung in four years to emerge as the top smartphone vendor in the final quarter of 2020, according to a recent Gartner report. This comes even after Samsung remained the top smartphone brand as of the whole of 2020, its sales fell by 14.6 percent in Q4 2020. Smartphone sales in the fourth quarter …

Apple Revenue Growing Further After Cupertino-Based Giant Set Record for iPhone Sales
4 years, 2 months ago

Apple Revenue Growing Further After Cupertino-Based Giant Set Record for iPhone Sales

News 18  

Apple on Wednesday reported holiday quarter sales and profits that beat Wall Street expectations, as new 5G iPhones helped push handset revenue to a new record and sparked a 57 percent rise in China sales. He also said the company’s services segment revenue faced a tough comparison to the year before, when the pandemic lifted sales, and that year-over-year growth …

Samsung reports profit jump driven by strong chip demand
4 years, 2 months ago

Samsung reports profit jump driven by strong chip demand

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Samsung Electronics Co. said Thursday …

Samsung will continue to supply OLED panels for 2021 Apple iPhones: Report
4 years, 3 months ago

Samsung will continue to supply OLED panels for 2021 Apple iPhones: Report

Firstpost  

Apple made use of OLED panels for its entire iPhone 12 line-up which is expected to ship around 100 million units in 2020. Apple made use of OLED panels for its entire iPhone 12 line-up which is expected to ship around 100 million units in 2020 along and the company is expected to use OLED panels for all its models …

Samsung Relocating Display Factory from China to Uttar Pradesh, Will Give Push to Make in India Products
4 years, 3 months ago

Samsung Relocating Display Factory from China to Uttar Pradesh, Will Give Push to Make in India Products

News 18  

India’s northern state of Uttar Pradesh on Friday said it will give financial incentives to South Korea’s Samsung Electronics to set up a Rs 48.25 billion display factory. Samsung is re-locating the factory to the state from China, the Uttar Pradesh administration said in a statement, a move that will help boost Prime Minister Narendra Modi’s flagship drive to make …

Samsung May Launch Galaxy S21 Series Early Next Year to Grab Huawei's Share: Sources
4 years, 4 months ago

Samsung May Launch Galaxy S21 Series Early Next Year to Grab Huawei's Share: Sources

News 18  

Samsung may launch its next flagship Galaxy S series of smartphones more than a month earlier than expected in a bid to grab market share from Huawei and fend off competition from Apple, three sources familiar with the matter told Reuters. Samsung is preparing to launch its new Galaxy S21 as early as late January next year, whereas it previously …

Samsung’s profits soared in last quarter, but outlook is bleak
4 years, 5 months ago

Samsung’s profits soared in last quarter, but outlook is bleak

Al Jazeera  

Launch of new foldable smartphones reignited demand that had flagged because of coronavirus, but competition and weakness in Samsung’s chips business could hurt in the near future. Samsung Electronics Co. warned earnings in the current quarter will decline, saying the strong growth in its mobile and memory business that helped third-quarter profit beat will ease amid intensifying competition and weakening …

Samsung Q3 profit likely at two-year high after Huawei orders, phone recovery
4 years, 5 months ago

Samsung Q3 profit likely at two-year high after Huawei orders, phone recovery

Live Mint  

Samsung Electronics Co Ltd said its third-quarter profit likely jumped 58% to the highest in two years, beating analysts' estimates as U.S. restrictions on China's Huawei boosted the South Korean tech giant's phone and chip sales. MOBILE PROFIT BOOST Samsung was expected to post its biggest smartphone profit in at least four years, analysts said, as it gained market share …

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