Wednesday, February 10, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Music On Sonos Now Available
SUNY Poly and GLOBALFOUNDRIES Announce $500M Research ProgramTo Accelerate Chip Technology
Intel To Focus On Energy Comsumption On Future Chips
Micron Outlines GDDR5X Plans
Sony’s New Laser Projectors Deliver Quality And with Quiet Operation
The Pirate Bay Has Started Streaming Content
Samsung to Showcase Display Technologies at ISE 2016
Intel To Remove Overclocking Loophole In Skylake Processors
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
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
 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 Loses Memory-Chip patent Trial Against Nvidia
768 Gbit Micron 3D NAND Is Faster Than Samsung’s 256Gb V-NAND: ISSCC
Samsung Describes Its 10nm SRAM
Samsung Galaxy S7 and S7 Edge Coming At February's Unpacked 2016 Event
LG's Home Appliances Business More Profitable Than Samsung's
Samsung Reports Drop In Profit For Q4
Samsung Said To Unveil Phone Upgrade Program
Samsung SDI to Invest In Automotive Battery Business
Samsung Gear S2 Classic New Edition Launches Globally
Court Bans Sales Of Some Samsung Phones in The U.S
Samsung Begins Mass Producing 4-Gigabyte HBM2 DRAM
Samsung Announces Mass Production of 2nd Generation 14-Nanometer FinFET Logic Process Technology

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 .