Samsung Profits

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  Samsung Electronics Apologises for Disappointing Profit as It Struggles in AI Chips

  Samsung warned its third-quarter profit would come in below market expectations and apologised for the disappointing performance. Samsung's share price, already down more than 20 percent so far this year, fell 1.3 percent, underperforming a 0.4 percent fall in the benchmark KOSPI.

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  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...

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  Samsung Sees Smartphone and Tech Devices Demand Recovering in 2024 After Record Chip Loss

  Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34 percent drop in fourth-quarter profit despite a memory price rebound as consumer demand remained weak in many businesses.

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  Samsung's Profits Plunge Over 95% Due To Low 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.

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  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...

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  Samsung Electronics Expects Q2 Profit to Drop More Than 95 Percent Amid Ongoing Chip Glut

  Samsung Electronics reported a likely 96 percent plunge in second-quarter operating profit on Friday, largely in line with forecasts, as an ongoing chip glut drives large losses in the tech giant's key business despite a supply cut. Samsung estimated its operating profit fell to KRW 600 billion(roughly Rs. 3,795 crore) in April to June in April to ...

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  Samsung Electronics Reports 96% Drop In Q2 Profit As Chip Glut Persists

  Samsung Electronics Co Ltd reported a likely 96% plunge in second-quarter operating profit on Friday, as an ongoing chip glut drives large losses in the tech giant's key business despite a supply cut.

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  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.

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  Samsung's Profit Drops 95%, Worst Quarterly Earnings In 14 Years

  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.

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  Samsung Vows to Cut Chip Production Amid Global Downturn in Demand; Shares Surge 4.5 Percent

  Samsung Electronics said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.

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  Samsung's Quarterly Profit Set to Drop 92 Percent as Chip Glut Worsens Amid Economic Slowdown

  Samsung Electronics's first-quarter profit is expected to plunge 92 percent to the lowest for any quarter in 14 years, as a chip glut worsens and buyers like data centres and computer makers slow purchases amid a global economic slowdown.

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  Samsung Expects Smartphone Demand to Decline YoY as Firm Reports 69 Percent Plunge in Quarterly Profit

  Samsung on Tuesday said persistent macroeconomic uncertainty will make for a tough first half year as the world's biggest maker of memory chips and smartphones reported a 69 percent plunge in fourth-quarter profit, its lowest quarterly profit since 2014. Consumer demand for electronic devices has dropped as clients spend less in a weak economy, dra...

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  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...

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  Samsung's Quarterly Profit Could Hit Six-Year Low as Consumers Cut Spending, Analysts Say

  Samsung's quarterly profit is expected to fall 58 percent amid the ongoing global economic downturn, to its lowest point in six years, according to analysts. The prediction comes amid reduced spending by consumers and businesses during a period of high inflation and escalating interest rates. Samsung is expected to announce preliminary results on F...

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  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 ...