Monday, July 25, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Verizon Buys Yahoo's Core Business For $4.83 billion
Microsoft slashes Surface Pro 4 and Xbox One Prices
Nintendo Downplays Pokemon GO's Earnings Impact
Half The World Remains Offline, ITU Study Found
Verizon Closer To Yahoo Deal
Lite-On Expands Its SSD Storage Manufacturing
Samsung Sues Huawei
Facebook's Aquila Maiden Flight Is A Reality
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

Friday, October 25, 2013
Samsung Reports Record Third-quarter


Samsung Electronics's quarterly operating profit surged 26 percent to a new record, powered by a recovery in its memory chip business as smartphone sales grow.

The company forecast on Friday that strength in its bread-and-butter chip business would continue in the current quarter, while growth in smartphones would slow due to intensifying competition during the year-end holiday season.

The South Korean firm expected smartphone shipments would grow at around 1-5 percent in the current quarter from the previous quarter, while selling prices would remain unchanged or increase slightly.

Samsung on Friday said July-September operating profit rose to 10.2 trillion won ($9.6 billion).

Profits at its chip business doubled to 2.06 trillion won, reflecting stronger chip prices this year and tighter supply since a fire last month at a Chinese plant owned by SK Hynix.

"Mobile DRAM shipments will stay strong with the release of various low- to high-end smartphones as the holiday season nears. With the rise in demand for specialty DRAM and NAND, the market will experience tighter supply," Samsung said in a statement.

The A7 processor inside Apple's new iPhone 5s was made by Samsung, according to a teardown of the handset by IFixit. Samsung processors also are in other iPhones, the iPad and the iPad mini.

The mobile division reported a record 6.7 trillion won profit as a greater variety of cheaper Galaxy smartphones boosted shipment volumes and helped counter weakening growth in the high-end segment.

After adding a smartwatch and its first phone with a curved screen, Samsung registered designs for spectacles to challenge Google's Glass in the wearable devices market.

Profit at Samsung's consumer-electronics division, which oversees the TV and home-appliance businesses, was 350 billion won.

Samsung's display division, which dominates the market for panels using organic light-emitting diodes, had an operating profit of 980 billion won in the third quarter, compared with the 1.17 trillion won a year earlier.

In related news, Samsung Display has started making LCDs at its new eight-generation plant in Suzhou Jiangsu , China.

Suzhou Samsung LCD is currently in operation after a year of consruction. It will mainly produce UHD and Full HD TVs ranging from 48-55 inches.




Previous
Next
Philips Will Not Transfer Its Audio, Video And Multimedia Business To Funai        All News        Windows To Support Voice-controlled Apps
New MTV Series To Debut On App     General Computing News      Windows To Support Voice-controlled Apps

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Sues Huawei
Smartwatch Shipments Fall Significantly In the Second Quarter
Samsung Galaxy Note 7 Said Have Mainly Software Than Hardware Changes
Samsung Launches Powerful Notebook 7 spin
Samsung Patents Desribe Foldable Phones
Samsung Galaxy Outsells Apple's iPhone
Samsung SERIF TV Now Available In The U.S.
Samsung Galaxy Tab A 10.1 Launches In The U.S.
Samsung Confirms Galaxy Note7 Is Coming On Aug. 2
Samsung Unveils 4TB 850EVO SSD
Samsung Launches The Galaxy S7 edge Olympic Games Limited Edition
Samsung Beats Expectations With $7 bn profit for Q2

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 .