Samsung Electronics posts double-digit growth in Q3 profit
9 years, 5 months ago

Samsung Electronics posts double-digit growth in Q3 profit

China Daily  

A student walks past an electronic display promoting Samsung Electronics products at the company's headquarters in Seoul, South Korea, October 27, 2015. SEOUL - Samsung Electronics, the world's largest maker of smartphones, memory chips and TVs, posted a double-digit growth in the third-quarter operating profit thanks to a record high quarterly profit in the chip-making business, the company said Thursday. Consolidated operating profit reached 7.39 trillion won during the July-September period, up 82.08 percent from the same period of last year, the company said in a statement. After bottoming at 4.06 trillion in the third quarter of 2014, the profit kept growing to 5.98 trillion won in the first quarter and 6.9 trillion won in the second quarter this year. The chip-making unit's operating profit came to 3.66 trillion won, surpassing the previous record high of 3.42 trillion won tallied in the third quarter of 2010.

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History of this topic

India's Tax Crackdown: Govt Orders Samsung To Pay $601 Million For Import Violations
5 days, 15 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, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb
1 month 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 …

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 …

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 …

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, 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 sees tech devices demand recovering in 2024 after record chip loss
1 year, 1 month 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 launches Galaxy S24 series with AI features
1 year, 2 months ago

Samsung launches Galaxy S24 series with AI features

China Daily  

By Fan Feifei | chinadaily.com.cn | Updated: 2024-01-18 13:38 South Korean technology company Samsung Electronics Co Ltd unveils its latest flagship smartphones, the Galaxy S24 series, on Jan 18. South Korean technology company Samsung Electronics Co Ltd unveiled its latest flagship smartphones, the Galaxy S24 series, with enhanced artificial intelligence capacity on Thursday, as the company aims to widen its …

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, 4 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, 5 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 …

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 …

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 …

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 …

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, …

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 …

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 …

Samsung brings new foldable smartphones in 40 countries: Know more
2 years, 7 months ago

Samsung brings new foldable smartphones in 40 countries: Know more

India TV News  

Samsung brings new foldable smartphones in 40 countries: Know more The world's largest smartphone maker said the Galaxy Z Fold 4 and Flip 4, along with the Galaxy Watch 5 and the Galaxy Buds 2 Pro, are officially released in South Korea, the US and France, among others, and plans to expand the products' availability into around 130 countries by …

Samsung is working on 15 billion USD next-gen chip R&D facility: Know more
2 years, 7 months ago

Samsung is working on 15 billion USD next-gen chip R&D facility: Know more

India TV News  

Samsung Electronics held a groundbreaking ceremony for its new semiconductor research and development complex in Seoul, in a move to bolster its global leadership in cutting-edge chip technology. Samsung plans to invest around 15.06 billion USD by 2028 for the 109,000-square-meter complex within its Giheung campus in Yongin, which is 50 km from the south of Seoul. The ceremony drew …

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," …

TSMC sees resilient chip sales boosting Q3; electronics demand cooling
2 years, 8 months ago

TSMC sees resilient chip sales boosting Q3; electronics demand cooling

The Hindu  

Taiwan's TSMC forecast revenue growth that could be the highest in 10 quarters, saying it was "highly confident" about its long-term prospects and touted demand for high-tech chips used in 5G networks and artificial intelligence. In the second quarter ended June 30, TSMC's revenue rose 36.6%, and net profit surged 76.4% - the biggest jump in eight quarters and handily …

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, …

Explained: Samsung’s breakthrough in 3nm chips & how it translates to higher performance and better efficiency
2 years, 8 months ago

Explained: Samsung’s breakthrough in 3nm chips & how it translates to higher performance and better efficiency

Firstpost  

Samsung has become the first SoC manufacturer to break into the 3nm chips, which promises huge performance and efficiency gains, going up to 50 per cent. While chip designers and manufacturers like Apple, Qualcomm and TSMC have aced the 4nm, 5nm & 6nm processors for some time now, Samsung has just made the world’s first 3-nanometer chips. Samsung said the …

Samsung Begins 3Nm Chip Production, Could Pull More Customers From TSMC
2 years, 9 months ago

Samsung Begins 3Nm Chip Production, Could Pull More Customers From TSMC

News 18  

SEOUL: Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it seeks new clients to catch far bigger rival TSMC in contract chip manufacturing. The South Korean firm did not name clients for its latest foundry technology, which supplies made-to-order chips like mobile processors and …

Samsung Regains Top Spot In Smartphone Market As It Touches Five Year High: Report
2 years, 9 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’s phone production to take a major hit this year, will be producing 30 million units less
2 years, 10 months ago

Samsung’s phone production to take a major hit this year, will be producing 30 million units less

Firstpost  

Samsung had forecasted that in 2022, they will be making about 310 million smartphones. Samsung has apparently informed its production partners and distributors that it plans on shipping only 280 million smartphones this year, as opposed to the previous forecast of 310 million units. However, South Korean investment analysts also allege, that there is a strong possibility that Samsung may …

Samsung Cutting Down Smartphone Production By 30 Million Units: Report
2 years, 10 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 …

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