Saturday, July 02, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
BMW Group, Intel and Mobileye Team Up to Bring Autonomous Driving to Streets by 2021
Nvidia Says New GeForce GTX 1060 Is Faster Than AMD's Radeon TX 480
Micron To Reduce Workforce Following Slow Third Quarter Results
Apple in Talks to Buy Tidal: Report
U.S. Authorities To Investigate Tesla's Crash in Autopilot Mode
Oracle To Pay HP $3 billion In Itanium Case
ZTE To Invest $180 Million In Tech Start-ups
Alliance Storage Technologies Releases New NETArchive NAS Storage Solution
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, October 25, 2013
Samsung Reports Record Third-quarter


Samsung Electronics's quarterly operating profit surged 26 percent to a new record, powered by a recovery in its memory chip business as smartphone sales grow.

The company forecast on Friday that strength in its bread-and-butter chip business would continue in the current quarter, while growth in smartphones would slow due to intensifying competition during the year-end holiday season.

The South Korean firm expected smartphone shipments would grow at around 1-5 percent in the current quarter from the previous quarter, while selling prices would remain unchanged or increase slightly.

Samsung on Friday said July-September operating profit rose to 10.2 trillion won ($9.6 billion).

Profits at its chip business doubled to 2.06 trillion won, reflecting stronger chip prices this year and tighter supply since a fire last month at a Chinese plant owned by SK Hynix.

"Mobile DRAM shipments will stay strong with the release of various low- to high-end smartphones as the holiday season nears. With the rise in demand for specialty DRAM and NAND, the market will experience tighter supply," Samsung said in a statement.

The A7 processor inside Apple's new iPhone 5s was made by Samsung, according to a teardown of the handset by IFixit. Samsung processors also are in other iPhones, the iPad and the iPad mini.

The mobile division reported a record 6.7 trillion won profit as a greater variety of cheaper Galaxy smartphones boosted shipment volumes and helped counter weakening growth in the high-end segment.

After adding a smartwatch and its first phone with a curved screen, Samsung registered designs for spectacles to challenge Google's Glass in the wearable devices market.

Profit at Samsung's consumer-electronics division, which oversees the TV and home-appliance businesses, was 350 billion won.

Samsung's display division, which dominates the market for panels using organic light-emitting diodes, had an operating profit of 980 billion won in the third quarter, compared with the 1.17 trillion won a year earlier.

In related news, Samsung Display has started making LCDs at its new eight-generation plant in Suzhou Jiangsu , China.

Suzhou Samsung LCD is currently in operation after a year of consruction. It will mainly produce UHD and Full HD TVs ranging from 48-55 inches.




Previous
Next
Philips Will Not Transfer Its Audio, Video And Multimedia Business To Funai        All News        Windows To Support Voice-controlled Apps
New MTV Series To Debut On App     General Computing News      Windows To Support Voice-controlled Apps

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Starts Selling Unlocked Galaxy S7 Phones
Samsung Adds A Fingerprint Recognition Sensor To The Rear-Camera Module
Samsung Galaxy Note 7 Specs Show 64GB Onboard - Google-branded Phone In the Works?
Samsung Trademarks The 'Ahead' Communication Device
Samsung Launches the Notebook 7 Spin
Samsung Pay Launches In Spain, Singapore and Australia
Updated Samsung Galaxy Tab A Released
Samsung Electronics to Focus on NAND Flash, IoT And 5G
Samsung To Become An Apple OLED supplier
Samsung to Buy Joyent to Expand Cloud Services
Samsung Gear Fit2 GPS Sports Band Launches Globally
Samsung SDI To Supply Batteries For Tesla’s Energy Storage System

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .