Samsung is likely to see a 30 percent jump in operating profits in Q1
8 years ago

Samsung is likely to see a 30 percent jump in operating profits in Q1

Firstpost  

Riding on strong sales of semiconductors, Samsung Electronics is likely to report a 30-percent jump in its first-quarter operating profit, market data showed Wednesday. According to a survey of earnings forecasts by market tracker FnGuide, Samsung is likely to post an operating profit of 8.7 trillion won for the January-March quarter, up 30.6 percent from the same quarter last year, Yonhap news agency reported. With demand for high-performance data storage devices growing, the operating profit from the semiconductor division of Samsung is expected to surpass five trillion won for the three-month period, analysts said. Samsung is still reeling from the global recall of the Galaxy Note 7 smartphone, which was discontinued in October last year over safety concerns.

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History of this topic

Samsung CEO says company considering deals as it struggles for growth
1 week, 6 days ago

Samsung CEO says company considering deals as it struggles for growth

The Hindu  

Samsung Electronics said on Wednesday it is looking to drive growth as it faced tough questions from shareholders after its failure to ride an artificial intelligence boom made it one of the worst-performing tech stocks last year. The South Korean firm has been suffering from weak earnings and sagging share prices in recent quarters after falling behind rivals in advanced …

Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb
1 month, 1 week ago

Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb

Live Mint  

-- Samsung Electronics Co. and its largest labor union have tentatively agreed to a 5.1% wage increase and stock awards for staff in 2025, signaling efforts by the two sides to defuse tensions that triggered the company’s first-ever labor strike last year. Under an initial agreement, Samsung will for the first time give 30 shares of the company to all …

Samsung chief faces ruling on controversial merger
1 month, 4 weeks ago

Samsung chief faces ruling on controversial merger

Live Mint  

* Court to rule on Samsung Elec Lee's role in merger case * Merger strengthened Lee's control of Samsung * Prosecutors say minority shareholders hurt, Lee denies wrongdoing * Controversial merger raised corporate governance questions By Joyce Lee and Hyunjoo Jin SEOUL, Feb 3 - Samsung Electronics Chair Jay Y. Lee faces a ruling by a Seoul appeals court on …

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 …

Nvidia partner SK Hynix posts record quarterly profit surpassing Samsung on AI boom
2 months, 1 week ago

Nvidia partner SK Hynix posts record quarterly profit surpassing Samsung on AI boom

Live Mint  

SK Hynix Inc, the main supplier of high-bandwidth memory to Nvidia Corp, reported a record quarterly profit that surpassed its bigger rival Samsung. South Korea’s SK Hynix posted an operating profit of 8.08 trillion won in the December quarter, slightly above the 8 trillion won average forecast by LSEG SmartEstimate. This is the first time that SK Hynix's quarterly operating …

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, …

Samsung’s Shares Climb After Nvidia Talk Offsets Profit Miss
2 months, 3 weeks ago

Samsung’s Shares Climb After Nvidia Talk Offsets Profit Miss

Live Mint  

-- Samsung Electronics Co.’s shares rose after Nvidia Corp. founder Jensen Huang expressed confidence in the Korean company’s ability to resolve technical issues dogging its highest-end memory, offsetting disappointing quarterly results. Samsung has struggled to get its latest products certified by Nvidia, allowing SK Hynix in particular to carve out a larger slice of the market for the high-bandwidth memory …

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay
Trending News
2 months, 3 weeks ago

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay

Live Mint  

By Hyunjoo Jin SEOUL - Samsung Electronics, the world's top memory chip maker, is expected to forecast on Wednesday its profit growth continued to slow in the fourth quarter as it struggled to keep up with Nvidia's strong demand for AI chips. In contrast, Samsung's cross-town rival, SK Hynix, a major supplier of advanced AI memory chips to Nvidia, is …

2024: A Challenging Year for Foldable Smartphones
3 months ago

2024: A Challenging Year for Foldable Smartphones

New Indian Express  

NEW DELHI: Year 2024 has not been a good one for foldable smartphones, as global shipments saw a 1% year-over-year decline in Q3 2024, following six consecutive quarters of YoY growth. Samsung’s Struggles Despite regaining its position as the global market leader with a 56% share, driven by the launch of the Z6 series, Samsung experienced a 21% YoY drop …

South Korean stocks rise 2% as Samsung Elec surges on share buyback plan
4 months, 2 weeks ago

South Korean stocks rise 2% as Samsung Elec surges on share buyback plan

Live Mint  

* KOSPI rises, foreigners net buyers * Korean won strengthens against dollar * South Korea benchmark bond yield falls SEOUL, - Round-up of South Korean financial markets: ** South Korean stocks rose 2% on Monday, as market heavyweight Samsung Electronics surged more than 7% after the chipmaker announced plans late on Friday to buy back shares. ** Among index heavyweights, …

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 Electronics shares hit 4-year lows on Trump risks, AI chips
4 months, 2 weeks ago

Samsung Electronics shares hit 4-year lows on Trump risks, AI chips

The Hindu  

Shares in Samsung Electronics, the world's top memory chip maker, fell on Wednesday to their lowest level in more than four years amid worries about the impact of U.S. tariffs under a new Donald Trump administration, analysts said. The South Korean tech giant is the worst performing stock among global chipmakers like TSMC and Nvidia this year, as it has …

Mobile retailers say Samsung’s online-focused strategy fuels smartphone grey market, bat for level playing field: Report
6 months, 4 weeks ago

Mobile retailers say Samsung’s online-focused strategy fuels smartphone grey market, bat for level playing field: Report

Live Mint  

India's cellphone retailers' association reportedly criticised Samsung for favouring e-commerce giants like Amazon and Flipkart by giving them better access to discounts. The letter to Samsung comes at a time when the company is facing its worst sales decline in a decade which has led to a fall in value market share as the industry faces fierce competition from Chinese …

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

Global Smartphone Market Sees Biggest Growth In 3 Years; Samsung Retains Top Spot
8 months, 2 weeks ago

Global Smartphone Market Sees Biggest Growth In 3 Years; Samsung Retains Top Spot

ABP News  

The global smartphone market saw a significant upturn in the second quarter of 2024, with sales increasing by six per cent compared to the same period last year. Samsung Leads Market Share, Followed By Apple Several regions played a key role in driving this growth, particularly Europe and Latin America, where smartphone sales surged by over 10 per cent. Apple …

Samsung expects profits to jump nearly 15-fold thanks to AI boom
8 months, 3 weeks ago

Samsung expects profits to jump nearly 15-fold thanks to AI boom

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 expects its profits for …

AI frenzy expected to have boosted Samsung second-quarter profit 13-fold
8 months, 4 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 commits to expanding presence in Chinese market
11 months ago

Samsung commits to expanding presence in Chinese market

China Daily  

South Korean tech company Samsung Electronics showcases its vehicle-mounted products and solutions at the 2024 Beijing International Automotive Exhibition. South Korean technology company Samsung Electronics Co Ltd said it will continue to expand in the Chinese market, bolster the updating and iteration of vehicle-mounted technologies, and improve intelligent driving experience in China. The company has showcased its full range of …

Samsung takes top phone-maker spot back from Apple
11 months, 2 weeks ago

Samsung takes top phone-maker spot back from Apple

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 has regained its position …

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 …

Samsung sees tech devices demand recovering in 2024 after record chip loss
1 year, 2 months ago

Samsung sees tech devices demand recovering in 2024 after record chip loss

The Hindu  

Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34% drop in fourth-quarter profit despite a memory price rebound as consumer demand remained weak in many businesses. However, fourth-quarter losses shrank to 2.18 trillion won in the fourth quarter, lower than every other quarterly loss in 2023 in the business that has …

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 …

Samsung establishes a new research lab for next-generation 3D DRAM technology: Details
1 year, 2 months ago

Samsung establishes a new research lab for next-generation 3D DRAM technology: Details

India TV News  

Samsung establishes a new research lab for next-generation 3D DRAM technology: Details Samsung succeeded in commercialising 3D vertical NAND flash memory chips for the first time in the industry in 2013. The global semiconductor industry’s revenue declined 8.8 per cent in 2023 due to a slowdown in enterprise and consumer spending. The new lab is reportedly operating under Device Solutions …

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 …

Samsung says chips to recover in 2024 after best quarterly profit this year
1 year, 5 months ago

Samsung says chips to recover in 2024 after best quarterly profit this year

The Hindu  

Samsung Electronics on Tuesday flagged gradual demand recovery in 2024 after reporting its highest quarterly profit so far this year, as the battered memory chip market began showing signs of rebound from a severe downturn. The proliferation of on-device artificial intelligence functions will increase appetite for DRAM chips in premium products in 2024, the world's biggest memory chip and smartphone …

Samsung's chip losses expected to decrease in Q3 due to production cuts
1 year, 6 months ago

Samsung's chip losses expected to decrease in Q3 due to production cuts

India TV News  

Samsung Electronics is anticipated to narrow its chip deficit in the third quarter due to continued cuts in chip production. Samsung began cutting chip production earlier this year, following the lead of peers like SK hynix Inc. and Micron Technology Inc., which started reducing production late last year to address the oversupply issue. However, analysts believe that Samsung's production cuts …

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 …

New battles define a slowing Indian smartphone market
1 year, 7 months ago

New battles define a slowing Indian smartphone market

Hindustan Times  

Which brand is the number one smartphone maker in India at present? “Despite an overall decline in smartphone shipments, the 5G smartphone segment showed promising performance capturing 47% market share; up from 31% in Q2 2022,” says Shipra Sinha, analyst for Industry Intelligence Group at CyberMedia Research. Research firms IDC and TechInsights Inc in their reports peg Vivo as having …

Samsung leads 5G market share in Q2 in India; smartphone shipments decline overall: Report
1 year, 7 months ago

Samsung leads 5G market share in Q2 in India; smartphone shipments decline overall: Report

The Hindu  

Samsung leads the 5G smartphone market in India with a 24% market share, followed by OnePlus, noted CyberMedia Research ’s Q2 2023 data released on Friday. Meanwhile, smartphone market shipments declined 6% YoY, while the overall mobile market declined by 2% YoY. Premium segment recorded 9% YoY growth, the super-premium smartphone segment grew 95% and the uber-premium segment witnessed 133% …

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 …

Apple, Samsung capture 58% of global tablet market
1 year, 10 months ago

Apple, Samsung capture 58% of global tablet market

India TV News  

New Delhi: Apple, followed by Samsung, led the global tablet market in the first quarter of 2023, together making up nearly 58 per cent of the market even with the changing landscape post-pandemic, a report has shown. Apple shipped 10.8 tablets with a 35.2 per cent share in Q1, followed by Samsung at 23.1 per cent share and shipping 7.1 …

Samsung to cut chip output to ride out downturn: Report
1 year, 11 months ago

Samsung to cut chip output to ride out downturn: Report

Hindustan Times  

Samsung Electronics Co Ltd said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting. Samsung jumped 4.5% in early trading in the biggest one-day rise since September, while rival SK Hynix Inc's shares surged 5.6% The …

Samsung to invest $230 billion through 2042 in South Korea chipmaking base
2 years ago

Samsung to invest $230 billion through 2042 in South Korea chipmaking base

Hindustan Times  

Samsung Electronics Co Ltd on Wednesday said it will invest around 300 trillion won by 2042 to develop what the government called the world's largest chip-making base, in line with efforts to enhance South Korea's chip industry. The amount makes up most of the 550 trillion won in private-sector investment announced by the government on Wednesday, under a strategy that …

Foldable Smartphone Sales Decline For The First Time In Fourth Quarter Of 2022: Report
2 years ago

Foldable Smartphone Sales Decline For The First Time In Fourth Quarter Of 2022: Report

News 18  

Bad news for foldable smartphones! As to the report, foldable smartphone shipments fell by 48 per cent compared to the previous quarter and 26 per cent compared to the same period in 2021, with a total of 3.1 million units shipped from October to December 2022. Although Q4 2022 saw a decline in shipments, the overall 2022 foldable phone shipments …

India’s 5G tablet shipments grows 170%; Lenovo leads with 29% share
2 years, 1 month ago

India’s 5G tablet shipments grows 170%; Lenovo leads with 29% share

The Hindu  

India’s 5G tablet shipments grew 170% year-on-year, noted new insights from CyberMedia Research. As per CMR, Lenovo, Apple, and Samsung, captured the top three spots in the tablet market in the 2022 calendar year. The Apple iPad 9 and the Apple iPad Air 2022 had a 45% and 17% market share respectively. Samsung shipments recorded 29% year-on-year growth in 2022 …

Foldable phones demand doubles in enterprise, shipments to touch 26 million in 2023
2 years, 4 months ago

Foldable phones demand doubles in enterprise, shipments to touch 26 million in 2023

The Hindu  

The demand for Samsung’s foldable smartphones has doubled in the enterprise sector on a yearly basis. The South Korean electronics giant reported that from January to October 2022, the number of foldable smartphones Samsung contracted to enterprise customers increased by 105% when compared to the same period in 2021. “With foldable smartphone shipments expected to reach 16 million units worldwide, …

Here’s why Samsung may cut smartphone shipments in 2023
2 years, 4 months ago

Here’s why Samsung may cut smartphone shipments in 2023

Live Mint  

Samsung is reportedly planning to cut its smartphone shipments in the year 2023. According to a report from Taiwan Economic Daily, the company may reduce its smartphone shipments by 13% next year. Samsung, as per the report, was able to raise its market share in smartphone shipments during the third quarter this year compared to the second quarter. Samsung’s rival …

Samsung continues to be India's most-selling smartphone company for the 10th consecutive year
2 years, 4 months ago

Samsung continues to be India's most-selling smartphone company for the 10th consecutive year

Firstpost  

Samsung had one of the best festive season sales this year and made over Rs 14,400 crore in revenue through sales of smartphones, wearables and tablets in September and October this year. Despite growing competition from Chinese manufacturers as well as other smartphone manufacturers, Samsung has managed to emerge as the most-selling smartphone company in India for the 10th consecutive …

Qualcomm predicts “ low double-digit drop” in phone sales in 2022
2 years, 4 months ago

Qualcomm predicts “ low double-digit drop” in phone sales in 2022

The Hindu  

Qualcomm, on Wednesday, in its fourth quarter fiscal report predicted a “low double-digit percentage” decline in phone sales. The company, one of the primary providers of chips and modems for smartphone manufacturers, changed its earlier prediction of a mid-single-digit percentage decline in smartphone sales citing uncertainty caused by macroeconomic environments, The predictions account for sales of 3G, 4G, and 5G …

Samsung plans to sell over 270 million devices in 2023, push foldable devices like the Z Fold and Z Flip hard
2 years, 5 months ago

Samsung plans to sell over 270 million devices in 2023, push foldable devices like the Z Fold and Z Flip hard

Firstpost  

Samsung plans to push its foldable devices hard in 2023. Samsung aims to ship at least 60 million units of its premium S and Z series devices, and about 210 million units of the A series next year. Samsung has projected that by the end of this year, they will have sold about 260 million units of smartphones across their …

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 …

Global smartphone market tumbles a third consecutive time this year
2 years, 5 months ago

Global smartphone market tumbles a third consecutive time this year

The Hindu  

The global smartphone market struggled with its third consecutive decline this year amid turbulent global economic conditions. Smartphone market dropped in the September-ending quarter falling 9% from the same time in the previous year. “The smartphone market is highly reactive to consumer demand and vendors are adjusting quickly to the harsh business conditions,” Canalys Analyst Amber Liu, said in the …

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