Tuesday, May 22, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Huawei's MateBook X Pro Laptop Available in the U.S. For $1,200
Acer to Roll Out Alexa Across its PC Portfolio
Nvidia Releases the 3GB GeForce GTX 1050 to Attract More PC Gamers
LG Q7 Smartphone Comes With New Cameras, AI, Hi-Fi Audio, IP68 Rating and Fingerprint Sensor
Qualcomm and Facebook to Bring Terragraph Gigabit Wireless Connectivity Over 60GHz to Urban Areas
Zuckerberg Hearing's in the EU Parliament to Be Live Streamed
Galaxy Note 9 to Feature Updated Bixby 2.0: Samsung
Microsoft Acquires Conversational AI Company Semantic Machines
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 Brings Bixby to Home Appliances
Samsung Extends its Semiconductor Sales Lead over Intel
Samsung Galaxy Note 9 Said to Launch Before September
Samsung in Talks with ZTE to Offer Exynos Mobile Processor
Motorola and Microsoft Foldable Phone Patents, and the new Samsung Galaxy S8 Lite
New Samsung Galaxy A6 and A6+ Come With Advanced Cameras and Everyday Features
Chips Power Samsung's Record first-quarter Profit Despite Decline in OLED Sales
Samsung Brings 10nm-class 16Gb LPDDR4X DRAM for Automobiles
Samsung Unveiled New Onyx Cinema LED Screen at CinemaCon
Samsung's Fastest 970 PRO and EVO NVMe SSDs Are Launching Worldwide
Samsung QLED TVs Receive '100 Percent Color Volume' Certification
Samsung Not Interested in Nokia's Health Unit

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .