Saturday, August 27, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Patches iOS Security Flaws Discovered In Spyware Targeting Activist
LG To Showcase Latest OLED TVs Compatible With HDR Technologies At IFA
NHK Join Forces With Panasonic And Sony To Win The 8K TV Race
Intel Introduces New 3D NAND SSDs
Facebook To Use Personal Data From WhatsApp To Bring You Personalized Ads
Amazon Introduces Car Research Portal
Google Uses Artificial Intelligence To Compress Images
Researchers Make Wi-fi Networks Faster And Stronger
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

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
Samsung Forms Alliance To Promote Curved Display Technology In China
Samsung To Announce Refurbished Smartphone Program
Samsung Gear S3 Smartwatch Is Coming This Month
Samsung's 32TB SSD Includes Cutting-edge 3D Chip Technology
Researcher Hacked Samsung Pay Standing Just 2m Away from The Paying Process
Samsung, TSMC And Intel Set To Expand Their Chip Production Capacities In 2H
Samsung Holds Largest Share In Enterprise SSD Market
Samsung Reportedly in Talks to Buy Assets of Fiat Auto-Parts Unit
Samsung Gear S3, Apple Watch 2 Coming In September
Samsung Unveils the New Galaxy Note7
Samsung and Nestle Collaborate on the Internet of Things and Nutrition
Samsung Second Quarter Results Boosted By Component Sales

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 .