Samsung Company Profit

• 

  Samsung Hints at Introducing ‘New Premium Models’ of Galaxy Watch, Galaxy Ring Launch Tipped Too

  Samsung recently said it is looking to expand its wearable ecosystem this year and dropped a big hint that it might introduce new premium models of smartwatches. The company published its Q1 2024 (Jan - March) earnings on Tuesday and also shared its plans for the next quarter and the rest of the year. For its Mobile eXperience (MX) Business, it cou...

• 

  Samsung Electronics Q2 Profit Fell Over 95 Percent Amid Chip Oversupply, Weaker Demand

  Samsung Electronics on Thursday reported a more than 95 percent plunge in operating profits in the second quarter owing to weak demand for memory chips. Operating profit from the April to June period was KRW 668.5 billion (roughly Rs. 3,800 crore), down from KRW 14.1 trillion (roughly Rs. 89,072 crore) from a year earlier, Samsung said in a stateme...

• 

  Samsung's Quarterly Profits Down 95 Percent From Last Year; Company Blames Slow Consumer Spending, Chip Glut

  Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.

• 

  Samsung Says Q4 Profit Tumbled 69 Percent to Eight-Year Low Amid Weakening Global Economy

  Samsung on Friday said that its Q4 profit fell to an eight-year low, amid low demand for electronic devices and falling memory chip prices and a weak global economy. The South Korean conglomerate's dismal profit estimate also sets a weak tone for other technology firms' quarterly results. Meanwhile, the company's profits are expected to shrink agai...

• 

  Samsung Galaxy S23 Series Price Could Be Similar to the Galaxy S22 Lineup: Report

  Samsung may launch the brand-new Galaxy S23 series in February, as previous reports suggested. The series is said to feature a unique design language, as well as new hardware and camera improvements. While maintaining the same price point suggests that Samsung would continue operating at a lower profit, the company will retain its standard pricing ...

• 

  Samsung Expects Chip Demand to Recover in 2023 as Q3 Profits Fall, Names Lee Jae-Yong Executive Chairman

  Samsung on Thursday said Q3 operating profits fell 31.39 percent year-on-year, as "demand for consumer products remained weak". The South Korean company also announced that Samsung heir and de facto leader Lee Jae-yong, who received a presidential pardon in August over a fraud conviction, would be promoted to executive chairman.

• 

  South Korean Chipmaker SK Hynix Worries About Future Exports to China if US Crackdown Intensifies

  South Korean computer chipmaker SK Hynix said Wednesday it might be forced to sell its manufacturing operations in China if a US crackdown on exports of semiconductor technology and manufacturing equipment to China intensifies. The concerns were raised during a conference call on Wednesday after the company reported its operating profit dropped 60 ...

• 

  Samsung Flags 32 Percent Drop in Q3 Profits Amid Lower Demand for Electronics, Memory Chips

  Samsung on Friday flagged a 32 percent drop in Q4 operating earnings, amid a fall in demand for electronic devices and memory chips, amid an economic downturn. The company's shipments of memory chips were expected to be below downgraded expectations from analysts, with priced expected to fall even further in Q4 2022. Samsung is currently not discus...

• 

  Intel Slashes Its Annual Sales, Profit Forecasts Amid Lower PC Demand

  Intel has slashed its annual sale and profit forecasts after second-quarter results. The company is facing downturn as demand for PC and laptops have gone down in the last few months. Meanwhile, TSMC projected current quarter sales, if achieved, could be its highest in the 10 quarters.

• 

  Samsung Warns of Weaker Chip Demand for Phones, PCs Amid Recession Worries

  Samsung has earned its highest second-quarter profit since 2018 for the quarter ended June 30. Despite the strong position in the market, the company has cautioned about weaker chip demand from smartphone and PC makers as the purchase may go down amid recession worries. Samsung is expected to unveil its latest foldables on August 10.

• 

  Samsung Likely to Report 15 Percent YoY Rise in Server Chip Profits, Analysts Say

  Samsung Electronics is estimated to report a 15 percent year-on-year rise in profits in the last quarter, thanks to demand for its memory chips from server customers. An average of seven estimates shows that the operating profit for the world’s largest smartphone manufacturer may have jumped to KRW 14.46 trillion (roughly Rs. 88,000 crore) in the...

• 

  Samsung Rides Remote Working, TV Watching-Fuelled Chip and Display Sales to Post Q4 Operating Profit

  Samsung Electronics shares jumped after it said its fourth quarter operating profit likely rose 26 percent as coronavirus pandemic-driven remote working and TV-watching fuelled sales of chips and display panels.

• 

  Samsung Flags One-Third Drop in Q4 Operating Profit on Chips, Smartphones

  Samsung Electronics' operating profits fell by more than a third in the fourth quarter, the world's biggest manufacturer of smartphones and memory chips estimated Wednesday.

• 

  Samsung Galaxy Note 10 Sales Propel Company to Best Mobile Business Profit in Six Quarters

  Samsung Electronics warned of a smaller mobile business profit on Thursday as its rival Apple gave a positive iPhone sales outlook, dampening hopes new models will help the world's largest smartphone vendor finally get back on a growth track.

• 

  Samsung Electronics Braces for Profit Drop as China Slowdown Chips Away at Demand

  Samsung is set to post its first drop in quarterly operating profit in two years as slowing economic growth in China.