Sunday, February 18, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Fujitsu to Showcase Quantum-Inspired, Digital Annealer Computational Architecture at Mobile World Congress 2018
Investors and Consumers Sued Intel Over Meltdown and Spectre CPU Security Flaws
Belgian Court Fines Facebook Over Users Tracking
Beocreate 4 Channel Amplifier Will Make Your Vintage Speakers Smart
Qualcomm is Seeking for a Better Offer From Broadcom
Uber Introduces New Safety Features
Apple to Fix the Telugu Bug in iPhones
Sony Lowers PlayStation VR Price to $199
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 Notebook 9 Pen, Notebook 9 (2018) and Notebook 7 Spin (2018) Available February 18
ISSCC: Samsung Working on 7-nm EUV SRAM, Intel Details 10-nm SRAM
Samsung SDI Aims at Cobalt-free EV Batteries
Samsung Chairman Suspect in Tax Evasion Case
China Signs MoU With Samsung on Chip Making
Samsung Introduces The Wall Professional at ISE 2018
Samsung's Lee Freed From Prison
Samsung to Bring Exynos Application Processors to Cars
Samsung Partners with Theater Operator Wanda Cinemas, to Launch China's First Cinema LED Theater
Q4: Apple Passes Samsung in the Worldwide Smartphone Market
Samsung's Semiconductor Business Help Company Get More Revenue Than Intel
Samsung Debuts 800-Gigabyte Z-SSD for HPC Systems and AI Applications

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 .