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 its operating profit for last quarter rose by more than 26% as it capped off a robust business year where its dual strength in parts and finished products allowed it to thrive amid the pandemic. But the South Korean tech giant expected its profit to weaken in the current quarter with a weak dollar and costs associated with expanded production lines likely affecting its bread-and-butter computer memory chip business. Samsung saw its semiconductor business rebounded sharply last year after a sluggish 2019, driven by robust demand for PCs and servers as virus outbreaks forced millions of people to stay and work at home. Samsung said it continued to see a strong overall demand for its memory chips in the fourth quarter as major clients launched new smartphone models and cloud computing companies increased their investment in data centers.

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History of this topic

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 …

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 …

NVIDIA sees a record 94% surge in revenue, more than doubles its profit from last year
4 months, 1 week ago

NVIDIA sees a record 94% surge in revenue, more than doubles its profit from last year

Firstpost  

NVIDIA’s revenue jumped to a record $35.1 billion, which is a staggering 94 per cent increase from the same period last year. Profits more than doubled this quarter compared to last year, reaching $19.3 billion A significant chunk of NVIDIA’s revenue came from its data centre division, which brought in $30.8 billion. Revenue soared to a record $35.1 billion, marking …

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 …

Samsung expects profits to jump nearly 15-fold thanks to AI boom
8 months, 4 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 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 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 …

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 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 …

Samsung's earnings slump on rapid drop-off in chip demand
2 years, 5 months ago

Samsung's earnings slump on rapid drop-off in chip demand

The Hindu  

Samsung Electronics Co Ltd. flagged a worse-than-expected 32% drop in quarterly operating earnings on Friday, as an economic downturn slashed demand for electronic devices and the memory chips that go in them. Samsung's memory chip shipments likely came in below already downgraded expectations and prices could fall further this quarter, analysts said, as customers react to rising inflation, higher interest …

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 …

Samsung Expects 45% Sales Growth in Consumer Electronics In Festive Season
2 years, 6 months ago

Samsung Expects 45% Sales Growth in Consumer Electronics In Festive Season

News 18  

Riding on its premium segment offerings, Samsung on Friday said it expect 45 per cent growth in its consumer electronics sales during the festive season. Mohandeep Singh, Senior Vice President, Consumer Electronics Business, Samsung India, told IANS that across its consumer electronics portfolio, “we are expecting a growth of 80 per cent in the premium segment". As India enters the …

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, …

Samsung Regains Top Spot In Smartphone Market As It Touches Five Year High: Report
2 years, 10 months ago

Samsung Regains Top Spot In Smartphone Market As It Touches Five Year High: Report

News 18  

Samsung has reached its highest global smartphone market share in the last five years. This comes after Samsung regained the top spot as the best-selling smartphone brand in Q1 2022 with a market share of about 24 percent. While Samsung’s market share has reached 24 percent, Apple took a 15 percent share, and Xiaomi, the second-biggest Android took a 12 …

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 in talks to hike chipmaking prices by up to 20%
2 years, 10 months ago

Samsung in talks to hike chipmaking prices by up to 20%

The Hindu  

Samsung Electronics is in talks with clients about hiking prices for chip contract manufacturing by up to 20% this year, Bloomberg reported on Friday. The move is part of an industry-wide push to raise prices to cover rising materials and logistics costs, Bloomberg said, citing people familiar with the matter. Samsung Electronics is the world's second-largest chip contract manufacturer, after …

Apple and Samsung leading the global tablet market by 60 per cent
2 years, 11 months ago

Apple and Samsung leading the global tablet market by 60 per cent

India TV News  

Amid high demand and supply constraints, Apple and Samsung enjoyed nearly 60 per cent of the global tablet market in the January-March quarter, according to a new report. Apple iPad OS shipments fell 6 per cent to 15.8 million units in Q1 2022, with worldwide market share climbing 1.7 percentage points to 39 per cent as the tech giant outpaced …

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% …

Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks
3 years, 10 months ago

Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks

Live Mint  

Samsung Electronics on Thursday raised its planned investment in non-memory chips to 171 trillion won through 2030, joining a rush of firms ramping up investments amid a global semiconductor shortage. South Korea on Thursday said it would offer bigger tax breaks plus 1 trillion won in loans for its local chip industry. "Countries around the world have entered fierce competition …

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 …

Samsung Tops Global TV Market for 15th Straight Year in 2020, LG Takes Second Spot
4 years, 1 month ago

Samsung Tops Global TV Market for 15th Straight Year in 2020, LG Takes Second Spot

News 18  

Samsung has announced that the company topped the global TV market for the 15th consecutive year. Citing the latest data from market research firm, Omdia, the South Korean tech giant says that its global TV market share by revenue in Q4 2020 stood at 31.8 percent while the company retained the largest annual category market share by revenue in 2020 …

Samsung’s consumer electronics biz up 30%
4 years, 4 months ago

Samsung’s consumer electronics biz up 30%

Live Mint  

Samsung India’s consumer electronics business grew more than 30% in October, with demand in smaller cities racing ahead of metros, said a top executive at the company. In October alone the company reported a 32% year-on-year jump in its consumer electronics business, excluding mobiles, —led by high-capacity washing machines, microwaves, refrigerators and large TV screens. But more importantly, the premium …

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 …

Samsung profit beats estimates after US sanctions hit Huawei
4 years, 5 months ago

Samsung profit beats estimates after US sanctions hit Huawei

Live Mint  

Samsung Electronics Co. reported earnings that beat analyst estimates after the South Korean tech giant’s mobile and chip businesses benefited from U.S. restrictions on Huawei Technologies Co. Huawei overtook Samsung to become the world’s largest smartphone maker in the second quarter, but the Korean giant is projected to regain the crown after its Chinese rival lost access to the most …

Apple, Facebook, Google, Amazon do well in Q3 despite COVID-19 pandemic and more issues
4 years, 8 months ago

Apple, Facebook, Google, Amazon do well in Q3 despite COVID-19 pandemic and more issues

India TV News  

A pandemic-hit period, ad boycotts and probes over anti-competition practices, data privacy and security did not stop the four Big Tech firms from posting healthy profits in the June quarter. Riding on surging online sales during the pandemic as people stayed home, Amazon reported a 40 per cent increase in net sales to $88.9 billion, compared with $63.4 billion in …

Samsung expects smartphone demand to drive second half earnings
4 years, 8 months ago

Samsung expects smartphone demand to drive second half earnings

Live Mint  

Samsung Electronics Co Ltd expects a global recovery in demand for smartphones and consumer electronics to underpin profits in the second half of the year, after a coronavirus-propelled shift to online working boosted quarterly earnings. Samsung, the world's top maker of memory chips, tempered its relatively upbeat forecast when announcing second quarter results on Thursday with a warning that the …

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness
4 years, 8 months ago

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness

Live Mint  

At Samsung Electronics Co Ltd, demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said. Work-from-home orders and growth in online learning is underpinning chip demand amid the COVID-19 pandemic, prompting U.S. DRAM supplier Micron Technology Inc …

Samsung confirms launch of Galaxy Note 20, Galaxy Fold 2 later this year
4 years, 11 months ago

Samsung confirms launch of Galaxy Note 20, Galaxy Fold 2 later this year

Firstpost  

The phones usually arrive around September, a little before Apple’s annual iPhone event. Samsung is expected to unveil two of its next-generation smartphones Galaxy Note 20 and Galaxy Fold 2 later this year, but it’s not clear if the launch will be delayed because of the COVID-19 pandemic. “The company also plans to enhance product competitiveness by expanding 5G adoption …

Samsung warns Covid-19 will hit smartphone sales and 5G rollouts
4 years, 11 months ago

Samsung warns Covid-19 will hit smartphone sales and 5G rollouts

CNN  

Hong Kong CNN Business — Samsung is warning that the months ahead will be painful as the coronavirus pandemic disrupts global supply chains, hurts smartphone demand and complicates the adoption of 5G technology. Cloud services will make up for slumping demand elsewhere A shrinking smartphone market and store closures will lead to an “inevitable” drop in earnings for the current …

Samsung profit beats forecast as chip demand surges despite virus
4 years, 11 months ago

Samsung profit beats forecast as chip demand surges despite virus

Al Jazeera  

Laptop makers and data centres are asking for more chips as the coronavirus drives people to work from home. Samsung Electronics Co Ltd said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronavirus pandemic on smartphones and TVs. Samsung Electronics said …

Samsung chip sale boosted but Q1 profits may remain flat due to Coronavirus outbreak
4 years, 11 months ago

Samsung chip sale boosted but Q1 profits may remain flat due to Coronavirus outbreak

Firstpost  

Samsung is likely to estimate its operating profit at 6.2 trillion won, unchanged from the same period a year ago. The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from laptop makers and data centres, but first-quarter profits are likely to remain flat as the outbreak weakened consumer electronics sales. …

Samsung expects increase in 5G chips demand in 2020 but fears US-China trade war and coronavirus
5 years, 2 months ago

Samsung expects increase in 5G chips demand in 2020 but fears US-China trade war and coronavirus

Firstpost  

Samsung supplier SDI said it expects current-quarter earnings to be adversely affected by the virus outbreak. But in a guarded outlook, the world’s biggest memory chip and smartphone maker said on Thursday it couldn’t rule out the possibility that demand growth may be curbed amid lingering tensions on US-China trade and looming fears of the economic impact of the new …

Samsung Electronics says Q4 net profit slumps 38%
5 years, 2 months ago

Samsung Electronics says Q4 net profit slumps 38%

Live Mint  

Seoul: The world's biggest smartphone maker, Samsung Electronics, reported a slump in fourth-quarter net profits on Thursday, blaming weakening demand in key products and falling chip prices. "Fourth-quarter profit dropped from a year earlier due to the continued fall in memory chip prices and weakness in display panels," Samsung said in a statement. Samsung said it expects "weak sales from …

Samsung pins recovery hopes on chip market after profit plunge
5 years, 2 months ago

Samsung pins recovery hopes on chip market after profit plunge

Al Jazeera  

Samsung’s operating profit of $23.4bn for last year was its lowest since 2015. Samsung Electronics Co is counting on a gradual recovery in memory chip demand from data centres and 5G smartphone makers to help it bounce back in 2020 after sliding to its worst operating profit in four years. But in a guarded outlook, the world’s biggest memory chip …

Samsung India's profit declines 58%, crosses $10-bn income milestone; company's total income rises 20% in FY19
5 years, 3 months ago

Samsung India's profit declines 58%, crosses $10-bn income milestone; company's total income rises 20% in FY19

Firstpost  

Samsung India’s revenue from operations in 2018-19 stood at Rs 70,627.7 crore, a rise of 19 percent as compared with Rs 59,370.9 crore in the previous fiscal. New Delhi: Samsung India Electronics’ consolidated net profit fell over 58 percent to Rs 1,540.5 crore in 2018-19, according to a regulatory filing. However, the company’s total income rose 20 percent to Rs …

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