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 pandemic and trade disputes posed ongoing risks for earnings. Operating profit at Samsung's chip business surged 60% to 5.43 trillion won in the second quarter, accounting for two thirds of its total 8.1 trillion won profit. Samsung said it expected server demand for chips to remain solid for the remainder of the year and a boost in smartphone demand, given planned product launches and anticipated demand for 5G-capable phones.

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History of this topic

Samsung Tri-Fold Smartphone Might Not See Light Of The Day By Early 2026: Report
2 weeks, 2 days ago

Samsung Tri-Fold Smartphone Might Not See Light Of The Day By Early 2026: Report

ABP News  

Samsung has been generating excitement with rumours about its first tri-fold smartphone, initially expected to debut next year. Interestingly, the tri-fold smartphone’s release might align with Apple's rumoured entry into the foldable phone market, creating a competitive showdown. The tri-fold smartphone is expected to bolster Samsung's presence in the foldable segment amid growing competition from rivals like Huawei, Xiaomi, and …

Samsung’s triple-screen foldable phone likely to debut in 2026, analyst Ross Young
2 weeks, 6 days ago

Samsung’s triple-screen foldable phone likely to debut in 2026, analyst Ross Young

Live Mint  

Korean tech giant Samsung is reportedly set to launch its highly anticipated Galaxy tri-fold smartphone in early 2026, according to insights shared by industry analyst Ross Young. This could mark a significant step forward for the South Korean tech giant, following the success of its earlier foldable models such as the Galaxy Z Fold and Galaxy Z Flip series. Young, …

Samsung's triple foldable phone is probably coming but not anytime soon: Here is the launch timeline
3 weeks ago

Samsung's triple foldable phone is probably coming but not anytime soon: Here is the launch timeline

India Today  

Ever since Samsung has been reported to be working on a triple foldable smartphone, there has been a lot of buzz and anticipation around it. However, based on reports of Samsung’s work on a tri-fold phone, the company has the opportunity to become the first one to launch a triple foldable phone globally. Analyst Ross Young suggests in a post …

South Korean stocks rise 2% as Samsung Elec surges on share buyback plan
1 month, 1 week 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
1 month, 1 week ago

Apple vs Samsung: See which smartphones Indians are buying

Hindustan Times  

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

Samsung, OnePlus woes threaten premium smartphone growth in India
1 month, 1 week ago

Samsung, OnePlus woes threaten premium smartphone growth in India

Live Mint  

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

Samsung's Tri-Fold Device: A Game Changer in the Foldable Market
2 months ago

Samsung's Tri-Fold Device: A Game Changer in the Foldable Market

Firstpost  

Samsung is planning to release a tri-fold smartphone in early 2025 to address recent challenges in the foldable market. The company is facing pressure from Huawei and other rivals, with sales for its latest foldable models being weaker than expected. Samsung is gearing up to release a tri-fold smartphone to compete with Huawei and other manufacturers. The device is expected …

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 …

Foldable handsets to grab sector headlines this year
5 months, 1 week ago

Foldable handsets to grab sector headlines this year

China Daily  

Samsung Electronics on Wednesday unveiled its latest foldables, the Galaxy Z Fold6 and Galaxy Z Flip6 series in China. China's foldable smartphone market is expected to witness robust growth this year, mainly driven by the gradual improvement of flexible screens, software design innovations and continuous product price declines, industry experts said. A report from market research company International Data Corp …

Global smartphone market sees 6.5 per cent growth in Q2, Samsung and Apple lead: IDC Report
5 months, 1 week 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
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 …

New Samsung foldable smartphones unveiled
5 months, 1 week ago

New Samsung foldable smartphones unveiled

China Daily  

Samsung Electronics unveiled two new foldable smartphones, the Galaxy Z Fold6 and Galaxy Z Flip6 on Wednesday night. South Korean technology company Samsung Electronics Co Ltd has unveiled its latest foldable smartphones, the Galaxy Z Fold6 and Galaxy Z Flip6, which come with improvements from previous models and artificial intelligence features, to grab a bigger slice of the highly competitive …

AI frenzy expected to have boosted Samsung second-quarter profit 13-fold
5 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
7 months, 3 weeks 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
7 months, 3 weeks 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
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 witnesses new opportunity in AI: Know-how
9 months 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
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 …

Samsung launches Galaxy S24 series with AI features
11 months, 1 week ago

Samsung launches Galaxy S24 series with AI features

China Daily  

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 stake in the highly competitive premium smartphone market. "The …

Samsung launches Galaxy S24 series with AI features
11 months, 1 week 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
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, …

Apple dethrones Samsung to become world's top phone maker
11 months, 1 week 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, …

India’s smartphone market sees flat growth in September quarter
1 year, 1 month ago

India’s smartphone market sees flat growth in September quarter

Live Mint  

New Delhi: India’s smartphone market posted almost flat year-on-year growth during the second quarter of 2023-24, with shipments of 44 million units. Next year, we will see affordable 5G and foldable phones at the mid to premium end, but inflationary stress and longer refresh cycles may limit annual market growth in 2024,” said Navkendar Singh, assistant vice- president, devices research, …

Samsung says chips to recover in 2024 after best quarterly profit this year
1 year, 1 month 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, 2 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 and Huawei to spearhead foldable smartphone surge in 2024: Counterpoint Research Report
1 year, 3 months ago

Samsung and Huawei to spearhead foldable smartphone surge in 2024: Counterpoint Research Report

India TV News  

The global market for foldable smartphones is poised for significant growth in 2024, driven by the introduction of more affordable entry-level products. In the second quarter of this year, the global foldable smartphone market experienced a significant 10% year-on-year growth, totalling 2.1 million units. In Q2, the Chinese foldable smartphone market achieved remarkable success, surging 64% year-on-year to reach 1.2 …

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 …

New battles define a slowing Indian smartphone market
1 year, 4 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, 4 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, 5 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 …

Global smartphones market contracts even as inventories rise and consumers renew less often
1 year, 7 months ago

Global smartphones market contracts even as inventories rise and consumers renew less often

The Hindu  

The global smartphone market contracted even as major brands witness pile-up in inventories and consumers rethink renewing their handsets. The drop is seen as the weakest holiday-season quarter for smartphone sales in a decade as slower-than-expected recovery in China, and waning consumer confidence due to unrelenting market volatility dampened consumer spending. Consumers are choosing to renew less often but with …

Apple, Samsung capture 58% of global tablet market
1 year, 7 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 …

India’s smartphone shipments decline 21% in Q1 2023: Report
1 year, 7 months ago

India’s smartphone shipments decline 21% in Q1 2023: Report

The Hindu  

India’s smartphone market shipments declined 21% in the March-ending quarter, compared to the same period last year. There were 34 new 5G smartphone launches in the first quarter of 2023, CMR’s ‘India Mobile Handset Market Review Report for Q1 2023’ report said. However, the super-premium smartphone segment and the Uber premium segment shipments saw remarkable growth of 96% and 208% …

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 …

Samsung to cut chip output to ride out downturn: Report
1 year, 8 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
1 year, 9 months 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
1 year, 9 months 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
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 smartphone market dip 27% in Q4; entry-level, sub-₹ 25,000 segment most hit
1 year, 10 months ago

India smartphone market dip 27% in Q4; entry-level, sub-₹ 25,000 segment most hit

The Hindu  

Smartphones shipments in India plunged by over 27% to 29.6 million in the October-December quarter of 2022, from 40.6 million in the year-ago period, mainly due to inflationary pressures, market research firm IDC said on Friday. IDC India, Research Manager, Client Devices, Upasana Joshi said dearth of new launches in sub-$150 smartphone segment limited its growth. According to IDC Associate …

Samsung's India unit claims government owes it $110 million. Govt says...
1 year, 11 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 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 reported a significant uptake on foldable smartphones
2 years ago

Samsung reported a significant uptake on foldable smartphones

India TV News  

Samsung has announced that the number of Galaxy Z Fold and Galaxy Z Flip smartphones sold for business use has been reported to more than double year-on-year. According to the internal data, the number of foldable smartphones the tech giant contracted to enterprise customers increased by 105 per cent from January to October 2022, as compared to the same period …

Here’s why Samsung may cut smartphone shipments in 2023
2 years, 1 month 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, 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 plans to sell over 270 million devices in 2023, push foldable devices like the Z Fold and Z Flip hard
2 years, 1 month 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, 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 …

Global smartphone market tumbles a third consecutive time this year
2 years, 2 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 …

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 …

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