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Samsung Enjoys Strong Chip Business But Loses  Ground in Handsets

Samsung Enjoys Strong Chip Business But Loses Ground in Handsets

Enterprise & IT Apr 1,2016 0

Samsung Electronics saw its global presence in the semiconductor sector advance on-year in 2015, but the company's shares in the handset segment continued to lose ground. According to the latest data compiled by the South Korean company, Samsung took up 45.3% of the global dynamic random access memory (DRAM) market in 2015, up 5.7% from 39.6% posted a year earlier.

"While the falling demand in mobile devices, such as smartphones and tablet PCs, emerged as a major drag on the chip segment, we expect the growth to continue in the server and other high-capacity memory segments," Samsung said.

"We also expect new demand to rise from the Internet-of-Things and automotive industries," it added.

Samsung's handset business took up 21.1% of the market, down 1.3% on-year.

Industry watchers, however, expect the sales of smartphones to improve throughout 2016, flollowing the strong sales of the Galaxy S7 series.

Samsung's TV business also lost ground, with its share reaching 21% last year, down from 22.6% posted in 2014.

The tech giant's share for display panels managed to inch up 0.2% over the cited period to 21.1%.

In 2015, Samsung's net profit shed 18.53 percent to 19 trillion won (US$16.5 billion). Its operating profit came to 26.4 trillion won, up 5.55 percent from the previous year, but sales dropped 2.69 percent to 200.6 trillion won.

Tags: SAMSUNG
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