South Korean technology titan LG Electronics posted its highest-ever yearly sales in 2015, however its earnings weakened.
The firm on Friday reported sales of around 83-point-4 trillion Korean won, or roughly 67-point-6 billion U.S. dollars.
This is up about nearly 13 percent from the previous year.
The surge was on the back of solid performances from its residence devices and electrical vehicle parts companies.
In terms of running revenues, LG saw an on-year reduction of 12-and-a-half percent to about 3-point-5 trillion won or practically 2-point-9 billion bucks.
This was because of a loss in demand amidst global inflation and climbing marketing prices.
LG reported a profits shock in the fourth-quarter with its operating revenues diving by over 90 percent from the year prior to.
South Korean tech giant LG Electronics posted its highest-ever annual sales last year, but its profitability weakened.
The company on Friday reported sales of around 83-point-4 trillion Korean won, or roughly 67-point-6 billion U.S. dollars.
This is up about nearly 13 percent from the previous year.
The rise was on the back of strong performances from its home appliances and electric vehicle parts businesses.
However, in terms of operating profits, LG saw an on-year decrease of 12-and-a-half percent to about 3-point-5 trillion won or almost 2-point-9 billion dollars.
This was due to a fall in demand amid global inflation and rising marketing costs.
LG reported an earnings shock in the fourth-quarter with its operating profits plunging by over 90 percent from the year before.
Globe’s biggest customer electronics reveal, CES 2023, to open up in Las Vegas following week with approximately 3,000 exhibitors
지상 최대 가전 – IT쇼 새해 벽두 달군다 3천개사 총출동
The world’s biggest consumer electronic devices show, C-E-S 2023, will run from January 5th to 8th in Las Vegas
The event, which drew over 175-thousand techies in 2019 before the pandemic, is anticipated to attract near to 100-thousand individuals in 2023, in spite of still being held partly online.
The program was held entirely online in 2021, and also just 45-thousand individuals were permitted to attend the January 2022 show.
Occasion officials are anticipating a big surge in participants for 2023.
There will certainly be close to 3-thousand exhibitors at the event, with South Korea having 550, one of the most for any nation besides the U.S.
Samsung Electronics is poised… to expand… its manufacturing presence… in the U.S. state of Texas… over the next two decades… by building… 11 new chip plants.
According to documents… filed with Texas authorities… the South Korean tech giant has applied… for tax cuts… on a 167-point-6 billion dollar investment plan… for 9 new plants… in Taylor… and 24-point-5 billion dollars… for 2 new facilities in Austin.
Now… this is… in addition… to two factories… already in Austin… and… one…. that’s currently in operation… in Taylor.
Samsung reportedly plans… to create 10-thousand jobs… with its latest undertaking.
South Korean companies were again the number one brands last year in the global TV market.
According to market research firm Omdia, based in London,… Samsung Electronics had the biggest share of the global market in terms of sales value… at 29-point-5 percent.
That marks 16 years in a row it’s been number one.
Its domestic rival LG Electronics came second… with an all-time high market share of over 18 percent.
The two companies leadership in the market was backed by robust demand for their high-end TVs the QLED models from Samsung and the OLED models from LG.
South Korean tech giant Samsung Electronics has reported its highest-ever sales for 2021, led by its chip business and new phones.
Record-high sales at LG Electronics too… on its home appliance business… which is now the biggest in the world.
Eum Ji-young has more.
Samsung Electronics posted better than expected earnings in 2021.
According to the firm’s earnings guidance on Thursday,… its estimated operating profit last year was around 43 billion U.S. dollars,… around 44 percent higher compared to 2020.
This is the company’s third highest operating profit ever and the largest since 2018’s semiconductor boom period.
Sales hit a record 232 billion dollars,… up 18 percent compared to the year before.
Operating profit in the final three months of 2021 was around 11 billion dollars,… up 53 percent on-year.
The surprising earnings were led by semiconductors,… with 78 billion dollars in sales, making Samsung the world’s market leader,… topping Intel for the first time in three years.
“2021’s strong earnings were led by the rise in the average selling price of memory semiconductors in the first to third quarters in 2021 compared to the previous year. Another factor was an increase in the shipments of OLED products and an improvement in the profitability of smartphones.”
Samsung Electronics’ strong earnings were also largely due to its latest smartphone series,… including the Galaxy Z Fold 3 and Galaxy Z Flip 3.
One million of these new foldable phones were sold in the 39 days after their release and around eight million of Samsung’s foldable phone models were sold last year overall.
LG Electronics also posted an earnings surprise last year,… recording an all-time high in sales.
According to the company’s guidance report,… estimated sales came to about 62 billion dollars last year,… up almost 29 percent on-year.
This is the first time the company’s yearly sales figure has topped 70 trillion won which is about 58 billion dollars.
LG Electronics’ yearly sales ranked first among global companies for the first time,… beating America’s Whirlpool’s sales of around 22 billion dollars.
The company said strong sales of LG’s home appliances along with an expansion of major markets abroad have helped boost revenue.
Eum Ji-young, Arirang News.
Samsung Electronics has retained its number one spot in the global smartphone market for this year’s third quarter.
A report from Counterpoint Research shows the South Korean tech giant held 20 percent of the market share from July to September followed by Apple’s fourteen and Xiaomi’s thirteen percent.
Samsung Electronics shipped 69-point-three million smartphones in the three-month period.
With increased competition, though, the number of countries where Samsung enjoyed a leading position dropped from 46 two years ago to 43 now.
Samsung Electronics has unveiled a new set of devices at a virtual “Galaxy Unpacked” event.
Normally, the South Korean company would have released a new Galaxy Note,… but instead, it showcased two new foldable phones.
Samsung says it sees foldable as the future of phones.
Bae Eun-ji reports.
At its Galaxy Unpacked event Wednesday night… Samsung Electronics unveiled its new set of devices.
Instead of a new flagship model of the Galaxy Note series… the tech firm unveiled two new foldable smartphones… the ‘Galaxy Z Fold3’ and the ‘Galaxy Z Flip3’.
The Z Fold3 is a smartphone that opens outward like a book.
The key feature of Z Fold3 is that it’ll support the S Pen… becoming Samsung’s first foldable smartphone to do so.
Along with its 7-point-6 inch wide screen… it’s equipped with an under-display camera, meaning the lens is hidden behind the display panel.
What’s also different from the previous version is that it’s now water resistant… so the phone can survive under 1-point-5 meters of water for up to 30 minutes.
“This is the new mainstream for smartphones. More accessible, more durable, and engineered for tailored, seamless experiences of the future.”
The Z Flip3,… which opens upward like the flip phones popular in the early 2000s,… is also water proof.
Samsung has also lowered the price of the Fold3 to one-thousand-800 U.S. dollars… which is 200 dollars less than the original price of the Z Fold 2.
The Z Flip3 is around one-thousand dollars,… also cheaper than last year’s model.
This is to expand the demand for foldable phones beyond Samsung’s normal devices.
“Foldable phones were pretty expensive and unaffordable for most people… because they cost over 2-million Korean won. So Samsung lowered the price, hoping more smartphone users buy these devices.”
Samsung also unveiled its new smartwatch, the Galaxy Watch 4… and its wireless earbuds, the Galaxy Buds 2.
Preorders for the devices start next Tuesday in South Korea … and the phones will be available in stores across Korea, U.S. and Europe from August 27th.
Bae Eun-ji, Arirang News.
Over in South Africa.
Troubles erupted after previous President Jacob Zuma was jailed, prompting authorities to send in the army.
Shops are robbed as well as buildings are melted.
Negatively affected are facilities belonging to South Korean tech company LG as well as Samsung.
Seoul’s Foreign Ministry swore to work carefully with the city government to safeguard Korean residents and also supply updates on any kind of further damages.
Shin Ye-eun has the latest.
Authorities fire rubber bullets at activists … escaping after robbery stores in Johannesburg, South Africa’s biggest city.
South Africa deployed soldiers on Monday to include the violent presentations.
Troubles began recently, … when fans of former President Jacob Zuma appeared to the streets to protest his jailing.
Approximately 30 people have actually been killed up until now, … according to state and provincial authorities.
As rioters burned down structures and looted stores, the owners saw their incomes lost.
” With all that’s taken place here, how are we now mosting likely to provide for our youngsters? I got here as well as located my shop in this state, and also all that I’m left with is this umbrella.”
Armed mobs also robbed a factory in Durban, … coming from the South Korean tech company, LG Electronics.
They appropriated TVs and computer displays, … as well as set the manufacturing facility on fire.
Damage was likewise reported at a Samsung logistics warehouse in KwaZulu-Natal Province.
Imported items saved in the storehouse, … were swiped.
No casualties have been reported in either location, … thus far.
The Korean Embassy in South Africa asked local police to go to the website and verify the range of the damage.
The Embassy stated the large number of activists appears to be making that hard.
South Korea’s Foreign Ministry will certainly continue to ask the South African federal government to shield Korean companies and the nation’s 3-thousand-3 hundred Korean citizens.
The Ministry will provide updates on any additional damage or casualties in the coming days.
Shin Ye-eun, Arirang News.
Samsung Electronics will supply its Galaxy S21 Olympic Edition to all Olympic and also Paralympic professional athletes, going non-contact with its marketing approach ahead of the upcoming spectator-free showing off occasion.
As the around the world Olympic companion considering that 1988, South Korea’s tech titan will provide 17-thousand of their latest version smartphone featuring a Phantom Blue back panel with gold accents.
The Olympic logo has actually been placed on the back of the tool, although other key specs are the very same as the original design.
Samsung will certainly support the Olympic Games through to Los Angeles 2028, as well as the Youth Olympic Games, additionally till 2028.