Wednesday, April 26, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
FCC Proposes to Roll Back Regulation of the Internet
Twitter's Revenue Drops Despite User Growth
Western Digital Ships Fourth-Generation Ultrastar He12 12TB Hard Drive
Verizon's Latest Unlimited Data Plan Costs $80
LG Display Posts Record Earnings on OLED TV Sales
Google co-founder Sergey Brin Is Building Airship
Uber Faces New Setback In South Korea
Uber Takes to The Skies With Flying Taxis by 2020
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

Tuesday, July 08, 2014
Samsung Forecasts Low 2Q Profit


Samsung Electronics estimated its second-quarter operating profit at a sharply lower than expected 7.2 trillion won (US$7.11 billion) on Tuesday amid a slowdown in its smartphone business.

Samsung says the earnings forecast is the result of the strong Korean currency throughout the second quarter as it appreciated against the dollar, euro and most emerging market currencies.

The company also witnessed a slowdown in the overall smartphone market growth and saw increased competition in the Chinese and some European markets. And this led to higher inventories for the medium- and low-end smartphones.

The second quarter is a seasonally weak period for smartphone demand in China. Samsung also saw an increase in inventory due to price competition and a weaker demand for 3G products ahead of the expected growth of 4G LTE products in the Chinese market. Weaker demand in the second quarter also led to increased inventory in Europe, where Samsung has a 40 percent market share approximately.

In the cheap smartphone market, Samsung faces an uphill battle against brands such as Xiaomi and Lenovo.

Xiaomi surprised the industry with its $100-level smartphones that were snapped up by fans.

In the case of tablets, sales were sluggish due to a longer replacement cycle than that of smartphones, which is usually between two to three years. In addition, higher shipments of 5-to-6 inch large screen smartphones replaced demands for 7-to-8 inch tablets.

The weak demand for smartphones also affected the System LSI and the display businesses that provide key components and screen technologies.

The company expects a more positive outlook in the third quarter with the coming release of its new smartphone lineup. Samsung does not expect any major marketing expenditure to occur in the upcoming quarter.

Samsung expects stronger smartphone sales and this will have a positive impact on the company?s display panel businesses. In the memory business, following stable market conditions in the first half, seasonal increase in demand in the third quarter is expected to drive stronger earnings growth.

Samsung devices stolen in Brazil

In related news, a Samsung Electronics Co Ltd factory near Sao Paulo, Bazil, was attacked late Sunday. Workers were held hostage while bandits robbed smartphones, tablets and notebook computers the company valued at about $6.3 million.

"We have cooperated fully with the police investigation that is underway and will do our best to avoid any sort of repeat incident," said Samsung Eletronica da Amazonia Ltda., the manufacturing unit of the Korean electronics giant in Brazil, in a statement.



Previous
Next
Sony Launches The Xperia C3 For Selfies        All News        MSI Introduces Power-saving Motherboards
Toshiba to Release Wearable Biological Sensor     General Computing News      Samsung, Intel, Dell, Boradcom Team Up On Standards For Internet of Things

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Develops Mobile Chip for IoT Applications, Eyes MRAM Embedded Memory
Samsung Galaxy S8 and S8+ Are Launching With Google Play
Samsung To Patch Galaxy S8 Display Issue
Galaxy S8 Materials Costs More Than Any Previous Versions, Teardown Reveals
Analyst Sees An Upcoming Galaxy Note8 With A Bigger Screen, Dual Cameras
Samsung To Start Producing Faster, 2nd Generation 10nm Chips By The End Of the Year
Samsung Galaxy Book 2-in-1 Available Next Month Starting $630
Samsung Says Galaxy S8's 'red-tinted' Display Is Not A Defect
Samsung's DRAM Roadmap
Samsung Galaxy S8 pre-orders Surpass S7's
Samsung Releases Gear S3 Value Pack Update
Samsung Forecasts Strong Q1 Profit, Leaves The Note 7 Fiasco Behind

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .