Samsung’s consumer electronics biz up 30%
4 years, 1 month 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 product category growth has been outstanding—almost a 50% growth—most have come because consumers looked at upgrading their living spaces,” said Raju Pullan, senior vice president, consumer electronics business, Samsung India. “We have seen strong growth in the entire home entertainment space because of the time spent at home.” Samsung competes with Panasonic, LG and Haier among other key electronics companies in India.

India Growth Consumer Samsung Electronics Demand Grew Pullan Screens Premium  grew  samsungs  biz  consumers  screens  premium  growth  machines  electronics  upgrade  30  demand  washing  consumer

History of this topic

Samsung India workers' strike: Production affected ahead of festive season
3 months, 2 weeks ago

Samsung India workers' strike: Production affected ahead of festive season

Hindustan Times  

Operations at Samsung Electronics' plant in southern India were disrupted for a second day on Tuesday by hundreds of employees striking for higher wages, in a rare episode of labour unrest for the South Korean company. Workers of a Samsung facility drink tea as they gather to take part in a strike to demand higher wages at its Sriperumbudur plant …

Mobile retailers say Samsung’s online-focused strategy fuels smartphone grey market, bat for level playing field: Report
3 months, 3 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
4 months, 3 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 Biggest Growth In 3 Years; Samsung Retains Top Spot
5 months, 1 week 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 overtakes Apple as top smartphone maker in Q1 2024
8 months, 1 week 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 Expands its Retail Presence in Bengaluru
9 months, 2 weeks ago

Samsung Expands its Retail Presence in Bengaluru

Deccan Chronicle  

Bengaluru – Samsung, India’s largest consumer electronics company, has inaugurated another new Premium Experience Store at The Mall of Asia in Bengaluru. “Following six years of fantastic response to our flagship experience center in the city, the Samsung Opera House, we are delighted to introduce another Premium Experience Store in the Mall of Asia, Bengaluru. Our newest store is dedicated …

Samsung sees tech devices demand recovering in 2024 after record chip loss
10 months, 3 weeks 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 …

Apple Pips Samsung For The First Time To Dominate Global Smartphone Shipments In 2023
11 months, 1 week 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
11 months, 1 week 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, …

Premium products, investments to drive consumer electronics in 2024
11 months, 3 weeks ago

Premium products, investments to drive consumer electronics in 2024

The Hindu  

December 27, 2023 09:04 am | Updated 09:04 am IST - New Delhi India’s appliances and consumer electronics industry is expected to grow by about 10% in 2024 as players offer more premium products, cater to rising demand for smart appliances and make more investments after significant business tailwinds this year. Consumers are now looking for a “better total cost …

Samsung Expands Facility In Greater Noida, To Start Manufacturing Laptops Next Month: Report
1 year, 2 months ago

Samsung Expands Facility In Greater Noida, To Start Manufacturing Laptops Next Month: Report

ABP News  

With 44 IT hardware manufacturers including global PC makers registering to manufacture laptops, tablets and PCs in India last month, Samsung has become the latest OEM to begin assembling laptops locally, says a report by Mint published on Tuesday. The South Korean tech giant will manufacture close to 70,000 devices at its plant in Greater Noida, Uttar Pradesh which currently …

Apple's upcoming iPhone 15 series could overtake Samsung in global smartphone market: Report
1 year, 3 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 …

Samsung expands its premium retail outlets to two new cities
1 year, 5 months ago

Samsung expands its premium retail outlets to two new cities

The Hindu  

Samsung on Thursday expanded its premium retail outlets to Lucknow and Ahmedabad as part of its target to open 15 such stores by the end of this year. The new premium retail stores will have entire product range like smartphones, laptops, audio, gaming and lifestyle televisions and other IoT products from the South Korean company. The new stores will also …

Smartphone Shipments In India Decline 16% In January-March: IDC Report
1 year, 7 months ago

Smartphone Shipments In India Decline 16% In January-March: IDC Report

News 18  

Smartphone shipments in India declined 16 per cent year-on-year in the January-March quarter to 31 million units, market research firm IDC said on Thursday. “31 million smartphones were shipped in India during the first quarter of 2023, a decline of 16 per cent YoY, and the lowest first-quarter shipments in four years," International Data Corporation’s Worldwide Quarterly Mobile Phone Tracker …

India’s 5G tablet shipments grows 170%; Lenovo leads with 29% share
1 year, 10 months 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 …

India’s smart TV shipments grew 38% in Sept. quarter: Report
2 years ago

India’s smart TV shipments grew 38% in Sept. quarter: Report

The Hindu  

India’s smart TV market recorded a 38% year-on-year growth in shipments during the July-September quarter, mainly driven by festive season supplies, multiple new launches, discount events, and promotions, said a Counterpoint Research report. According to the report, global brands led India’s smart TV segment with a 40% share, followed by Chinese brands with a 38% share. “Smart TV penetration of …

Festive sales: A mixed bag for consumer durables
2 years, 1 month ago

Festive sales: A mixed bag for consumer durables

Live Mint  

The recently-concluded festive season has been somewhat chaotic for consumer durables and appliances manufacturers. However, Bengaluru-based retail tech platform Arzooo, which offers logistics and supply chain support services to offline electronics stores in smaller towns, said televisions, washing machines and refrigerators saw tremendous growth in sales. Unlike some retail chains that complained of poor offtake of refrigerators, Arzooo’s co-founder and …

Samsung continues to be India's most-selling smartphone company for the 10th consecutive year
2 years, 1 month 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 …

Samsung's best Diwali ever, clocks smartphone sales worth $1.7 billion: Report
2 years, 1 month ago

Samsung's best Diwali ever, clocks smartphone sales worth $1.7 billion: Report

Hindustan Times  

Samsung Electronics Co. clocked its best-ever Diwali festival sales in India, after demand for consumer electronics held up well despite mounting inflation. Sales rose across models from the Flip and Fold to the flagship S22, Aditya Babbar, head of product marketing at Samsung’s India mobile business, told Bloomberg News. Apple sales by value in the same period were likely to …

Samsung logs sharp drop in profits- Reaffirms no production cut
2 years, 1 month 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, 2 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 Expects 45% Sales Growth in Consumer Electronics In Festive Season
2 years, 3 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, 5 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 Overtakes Apple To Become Leading Tablet Brand In India
2 years, 6 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 Regains Top Spot In Smartphone Market As It Touches Five Year High: Report
2 years, 6 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 Cutting Down Smartphone Production By 30 Million Units: Report
2 years, 6 months ago

Samsung Cutting Down Smartphone Production By 30 Million Units: Report

News 18  

After Apple, Samsung is now said to be cutting down production, according to a report. Samsung, which is currently the world’s leading smartphone maker, will ramp down production by 30 million units for 2022, a report in South Korea’s Maeil Business News has said. Now, Samsung’s news comes after the South Korean manufacturer became the top-selling smartphone manufacturer. Apart from …

Samsung to stop selling low-cost feature phones in India soon, will focus on budget smartphones instead
2 years, 6 months ago

Samsung to stop selling low-cost feature phones in India soon, will focus on budget smartphones instead

Firstpost  

Samsung was the market leader in feature phones, until it was pipped by Lava and Itel. Samsung is planning to exit the feature phones market in India after it found out that the segment contributed about 1 per cent of its market value in the first quarter of 2022. Samsung, which was leading the market till a few years back …

Samsung To Stop Selling Low-cost Feature Phones In India Soon: Report
2 years, 6 months ago

Samsung To Stop Selling Low-cost Feature Phones In India Soon: Report

News 18  

Samsung, the South Korean electronics giant is planning to exit the feature phone market in India, a report in The Economic Times has said. According to the report, Samsung’s last batch of feature phones is set to be manufactured by Dixon in December this year. “Samsung has spoken to channel partners and said that they will exit the feature phone …

Samsung Grabs Big Share In Over Rs 1 Lakh Smartphone Market; Buyers From Non-metro Cities Fuel Demand
2 years, 7 months ago

Samsung Grabs Big Share In Over Rs 1 Lakh Smartphone Market; Buyers From Non-metro Cities Fuel Demand

News 18  

NEW DELHI: People from non-metro cities and smaller towns are spending more on smartphones and are now fueling the flagship smartphone demand in India. Samsung’s most premium flagship smartphone – Galaxy S22 Ultra – is claimed to be the most popular model in the Rs 100,000 plus category with 74% volume market share in March 2022, according to Counterpoint Research. …

Apple And Samsung Rule The Global Tablet Market With Majority Share
2 years, 7 months ago

Apple And Samsung Rule The Global Tablet Market With Majority Share

News 18  

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 iPadOS 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 the …

Apple and Samsung leading the global tablet market by 60 per cent
2 years, 7 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, 7 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, 7 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’s fourth-quarter revenue is best ever
2 years, 10 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 Emerged as India's Leading Smartwatch Brand in Q2 2021: IDC
3 years, 3 months ago

Samsung Emerged as India's Leading Smartwatch Brand in Q2 2021: IDC

News 18  

Samsung has announced that the company emerged as India’s “biggest smartwatch manufacturer” in the second quarter ending June 2021. Citing IDC Worldwide Quarterly Wearable Device Tracker, Samsung’s smartwatch shipments registered 860 percent year-on-year growth, taking the tech giant to number one position in India. Samsung says its June quarter ended with a 41.2 percent volume market share, riding on the …

Global smartphone sales up 10.8% in Q2 despite chip shortage, supply constraint
3 years, 3 months ago

Global smartphone sales up 10.8% in Q2 despite chip shortage, supply constraint

Live Mint  

NEW DELHI: Smartphone sales to end users worldwide grew 10.8% year-on-year in the second quarter of 2021, despite component shortages and supply constraints. According to a report by market research firm Gartner, sales to end users totaled 328.8 million in the second quarter. The firm noted that while the second wave of covid-19 infections affected sales in markets like India …

Samsung Overtakes Apple in Smartphone Shipments as Xiaomi Closes In on iPhone Maker
3 years, 7 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 expands presence in India smartphone market
3 years, 7 months ago

Samsung expands presence in India smartphone market

India TV News  

Samsung Electronics has expanded its presence in the Indian smartphone market in the first quarter of the year on the back of multiple new handsets, a report showed Tuesday, as the South Korean tech giant aims to fend off challenges from Chinese players. Samsung represented 20 per cent of the smartphone shipments in India in the first quarter, up from …

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales
3 years, 8 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
3 years, 9 months 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
3 years, 10 months 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 …

TV and home appliances prices in India set to increase by 10 per cent from January
3 years, 11 months ago

TV and home appliances prices in India set to increase by 10 per cent from January

India Today  

The cost of televisions, refrigerator and other home appliances can go up by as much as 10 per cent, in the second week of January, due to the rise in cost of input materials like copper, aluminium and steel and increase in ocean and air freights charges. This would be across brands and applies to categories like televisions, refrigerators, washing …

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

Convenience drove sales of white goods during lockdown
4 years, 1 month ago

Convenience drove sales of white goods during lockdown

Live Mint  

Convenience was the overarching theme for the purchase of household appliances for several months, thus prompting shoppers in India to buy more front-load washing machines, food processors, microwave ovens and larger refrigerators, according to market researcher GfK, which tracked consumption of white goods between June and September. There has been growth in categories such as microwaves, washing machines, food processors, …

Samsung plans to produce mobile phones worth ₹3.7 tn in India over 5 years
4 years, 4 months ago

Samsung plans to produce mobile phones worth ₹3.7 tn in India over 5 years

Live Mint  

New Delhi: Smartphone maker Samsung is planning to produce mobile phones worth ₹3.7 lakh crore in India over the next five years, according to government sources. People aware of the discussion said the company will be manufacturing smartphones worth ₹2.2 lakh crore, priced above ₹15,000 per unit, under the production-linked incentive scheme. The government expects mobile phones worth ₹11 lakh …

Samsung Electronics to halt production at its last computer factory in China
4 years, 4 months ago

Samsung Electronics to halt production at its last computer factory in China

Live Mint  

Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world's second-biggest economy. Around half the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected, excluding those involved in research and development, the South China Morning Post reported …

Samsung expects smartphone demand to drive second half earnings
4 years, 4 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, 5 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 …

Discover Related