Friday, October 31, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sharp To Produce New Backlight-free LCD Panel For Wearables
New Cameras Boost GoPro's Quarterly Profit
Panasonic AX800 4K ULTRA HD TVs Update Adds Compatibility With Netflix 4K Streaming
YouTube Now Supports 60fps Videos
Samsung Brings Gear S to U.S. Next Week
Corsair Introduces Sabre RGB Mice For Gamers
Ubisoft's Assassin's Creed Unity Included with Purchase of Samsung UD590 Monitor or 850 PRO Series SSD
Apple's Tim Cook Declares His Sexual Orientation
Active Discussions
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Questions durability monitor LCD
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, July 31, 2014
Samsung Q3 Sales and Profits Down despite Galaxy S5 launch


Samsung Electronics on Thursday reported its worst quarterly profit in two years and flagged uncertain earnings prospects for its key handset business.

In a guidance released by the company, it expects July-September handset shipments to pick up by 10 percent from the previous quarter and said it planned to release a new premium smartphone employing a new design and material.

With its flagship Galaxy S5 smartphone outsold by Apple's iPhone 5S in May and its cheaper devices feeling the squeeze from Chinese rivals like Xiaomi, Samsung also vowed to revamp its mid-to-low-tier product lineup with more aggressive pricing and a focus on a smaller set of products.

"Considering intensifying competition of price and specifications as well as the release of new competing models, it is difficult to expect earnings to improve from the second quarter," Senior Vice President Kim Hyun-joon said about the mobile business during a conference call with analysts.

For April-June, Samsung said operating profit fell 24.6 percent annually to 7.2 trillion won ($7.03 billion), matching its guidance.

Profit for the mobile division fell to 4.42 trillion won from 6.28 trillion won a year ago -- the lowest in two years.

Samsung warned that business conditions for the second half would remain challenging, deepening investor concerns about its prospects.

IDC said on Wednesday that Samsung's second-quarter global smartphone market share slipped to 25.2 percent from 32.3 percent a year ago, underscoring its troubles.

Analysts expect Samsung to introduce curved displays or metal casings rather than much-criticised plastic for its premium products.

"They'll have to make sure that the Note 4 isn't a flop," Counterpoint analyst Tom Kang said before Samsung's earnings disclosure.

Samsung's chips business reported a profit of 1.86 trillion won, in line with solid results for rival SK Hynix Inc, as tight supply for DRAM memory chips for personal computers and servers boosted the bottom line.

Samsung's guidance on its memory business was bullish, tipping its 2014 shipment growth for both DRAM and NAND memory chips to outpace the broader market.



Previous
Next
Nokia Networks to buy Part of Panasonic's Wireless Network Business        All News        Apple May lay Off People at Beats: report
Nokia Networks to buy Part of Panasonic's Wireless Network Business     General Computing News      Apple May lay Off People at Beats: report

Get RSS feed Easy Print E-Mail this Message

Related News
Ubisoft's Assassin's Creed Unity Included with Purchase of Samsung UD590 Monitor or 850 PRO Series SSD
Samsung Reports Decreased Operating Profit For Third-quarter
Samsung Galaxy Note Edge Released in Korea
New Samsung Galaxy S5 'Plus' Released With Faster Processor
SK Telecom and Samsung Join Hands to Lead 5G Network Technology
New 64-bit Exynos 7 Octa Processor Supports Iris Recognition
Samsung Claims 5G Speed Record
Facebook And Samsung Executives Discuss Mobile, Content Collaborations
Samsung SDI and LG Chem Showcase Advanced Batteries
Samsung Gevelops 5 Times Faster WiFi technology
Samsung Starts Mass Production of First 3-bit 3D V-NAND
Samsung Galaxy Tab Active Now Available For Pre-order

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .