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Mobile and PC chip demand: Samsung electronics sees demand weakening | World English News | WION

Samsung electronic devices has actually seen need damaging for the Mobile as well as computer chips. However, its operating revenue climbs to $10.8 billion for June quarter.

#Mobile #PC #Chip

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Mobile and PC chip demand: Samsung electronics sees demand weakening | World English News | WION

Samsung electronics has seen demand weakening for the Mobile and PC chips. However, its operating profit rises to $10.8 billion for June quarter.

#Mobile #PC #Chip

About Channel:

WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.

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Samsung Electronics’ estimated operating profit in 2021 up 43.5% to around US$ 43 bil.

삼성전자 작년 영업이익 51조6천339억원…전년 대비 43.5%↑

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 #profit #economy

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2022-01-27, 17:00 (KST)

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Samsung Electronics and Naver both post increased earnings for 2020

삼성전자, 네이버 작년 영업이익 나란히 호조

Despite the financial after effects from COVID-19, South Korea’s Samsung Electronics and also Naver performed strongly throughout 2020.
Solid need for memory chips was key to Samsung’s success, while the portal site Naver mainly enjoyed the benefit of more individuals staying within.
Kim Sung-min records.
South Korean tech titans, Samsung Electronics and also Naver on Thursday both posted sharp increases in earnings for 2020.
Samsung Electronics has approximated in 2015’s operating revenues to be the fourth-largest on record, … at around 32-point-5 billion U.S. dollars.
That is a dive of nearly 30 percent from the previous year, … despite the economic reaction from COVID-19.
Sales edged up simply reluctant of 3 percent, … amounting to some 213-billion bucks.
In the 4th quarter of last year, Samsung uploaded an on-year jump of 26 percent in operating profits, … though it was smaller sized than the previous quarter, … when the company racked up record quarterly profits of 11 billion dollars.
Analysts claim that regardless of strong memory chip sales as well as display earnings, … lower chip prices and also a weak U.S. dollar might have dragged down the business’s fourth-quarter revenues.
Samsung says its overall earnings will certainly compromise in the initial quarter of 2021 because of unfavorable currency activities along with the expense of brand-new manufacturing lines.
At The Same Time, South Korea’s leading net site operator Naver saw its sales in 2020 rise greater than 21 percent on the back of the non-contact fad in the middle of the coronavirus pandemic.
Its operating profits likewise jumped 5 percent to 1-point-1 billion dollars.
This was greatly as a result of record-breaking profits in the fourth quarter of in 2015, … thanks to solid growth in its online-payment, web content and also shopping services.
Driven mostly by its search system, cloud, and fin-tech fields, … Naver’s Q4 sales in 2020 leapt around 28 percent, … while operating revenues bordered up greater than 17 percent.
Components sales also saw a 21 percent rise as Korean webtoons increased internationally.
Kim Sung-min, Arirang News

#Samsung _ Electronics #Naver #operating _ profit.

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2021-01-28, 12:00 (KST).

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Samsung Electronics and Naver both post increased earnings for 2020

삼성전자, 네이버 작년 영업이익 나란히 호조

Despite the economic fallout from COVID-19, South Korea’s Samsung Electronics and Naver performed strongly throughout 2020.
Solid demand for memory chips was key to Samsung’s success, while the portal site Naver largely reaped the benefit of more people staying inside.
Kim Sung-min reports.
South Korean tech giants, Samsung Electronics and Naver on Thursday both posted sharp increases in earnings for 2020.
Samsung Electronics has estimated last year’s operating profits to be the fourth-largest on record,… at around 32-point-5 billion U.S. dollars.
That is a jump of almost 30 percent from the previous year,… despite the economic backlash from COVID-19.
Sales edged up just shy of 3 percent,… amounting to some 213-billion dollars.
In the fourth quarter of last year, Samsung posted an on-year jump of 26 percent in operating profits,… though it was smaller than the previous quarter,… when the firm racked up record quarterly profits of 11 billion dollars.
Analysts say that despite strong memory chip sales and display profits ,…lower chip prices and a weak U.S. dollar may have dragged down the company’s fourth-quarter earnings.
Samsung says its overall profit will weaken in the first quarter of 2021 due to unfavorable currency movements as well as the cost of new production lines.
Meanwhile, South Korea’s top internet portal operator Naver saw its sales in 2020 soar more than 21 percent on the back of the non-contact trend amid the coronavirus pandemic.
Its operating profits also jumped 5 percent to 1-point-1 billion dollars.
This was largely due to record-breaking earnings in the fourth quarter of last year,… thanks to solid growth in its e-commerce, online-payment and content businesses.
Driven largely by its search platform, fin-tech, and cloud sectors,… Naver’s Q4 sales in 2020 jumped around 28 percent,… while operating profits edged up more than 17 percent.
Contents sales also saw a 21 percent increase as Korean webtoons expanded globally.
Kim Sung-min, Arirang News

#Samsung_Electronics #Naver #operating_profit

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2021-01-28, 12:00 (KST)

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Samsung and LG Electronics both see operating profit in Q2

삼성전자 2분기 영업이익 8조1463억원, LG도 ‘가전’의 힘으로 선방

Samsung Electronics saw its earnings soar as sales were boosted by millions working and learning from home during the virus pandemic.
LG also topped market expectations on strong home appliance sales.
Kim Sungmin has our top story.
Samsung Electronics’ operating profit for the second quarter of 2020 amounted to around six-point-eight billion U.S. dollars.
That is the largest figure since the final quarter of 2018.
The South Korean tech giant said that while its total sales were down some 5-point-6 percent on-year amid COVID-19, its operating profits were up 23-and-a-half percent.
Samsung says this was largely driven by the increased profitability of memory chips and displays…, along with high demand for the IT products people have been using during lockdowns.
For the latter half of 2020, Samsung says it expects demand to rebound on products like smartphones while seeing firm demand for memory chips with the release of new mobile and game console models.
But there are some analysts who think global demand for semiconductors could decline in the following quarter.
“As companies have already bought sufficient stock of semiconductors in the first half of the year, they will have to reduce purchases in the following quarters. This could lead to decline in sales of semiconductors in the third quarter.”
Samsung Electronics aims to improve earnings in the following quarter by cutting production costs and improving efficiency.
However, it says the pandemic remains a constant source of uncertainty.
LG Electronics also managed to see an operating profit of 410-million U.S. dollars for the same period.
That is around 24% down from the second quarter of the previous year…, but is still higher than market expectations.
Focusing on sales of premium home appliances and reducing production costs…, the company recorded its highest ever second quarter operating profit to sales ratio.
It attributed the figure to customers’ increased interest in health and hygiene…, which led to higher sales of products like its drying machines and Styler outfit cleaning machines.
LG Electronics is also keeping its eyes on the global business environment amid COVID-19 but expects to see demand for some products like TVs pick up in the second half of the year.
Kim Sung-min, Arirang News

#Samsung #LG #profits

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Samsung Electronics’ Q2 earnings rose 23.48% y/y to US$ 6.8 bil. despite COVID-19

삼성전자 2분기 영업이익 8조1463억원 … 작년 대비 23.5% ↑.

Let’s begin with the large business information of the day.
Despite the difficult economic situation, … South Korean tech giant Samsung Electronics still took care of to profit in the second quarter of this year.
While there’s still unpredictability from COVID-19, the firm additionally anticipates to see solid need for a few of its main products in the second half of 2020.
Kim Sungmin reports.
Samsung Electronics’ incomes for the second quarter of 2020 totaled up to around six-point-eight billion U.S. dollars.
That is the largest operating revenue since the last quarter of 2018.
The South Korean tech titan claimed that while its total sales were down some 5-point-6 percent on-year amid COVID-19, its operating earnings were up 23-and-a-half percent.
Samsung states this was greatly driven by the boosted success of memory chips and also screens …, along with high demand for the IT products people have been using throughout lockdowns.
According to Samsung, the operating benefit from semiconductors comprised around 67% of the total revenues.
Likewise, sales of mobile phones as well as home devices, which were expected to see a massive decline in demand, had better sales than expected.
The operating revenues for mobile phones pertained to around 1-point-6 billion US bucks …, a 25% rise from the same period last year.
For the last fifty percent of 2020, Samsung claims it expects demand to rebound on items like smartphones while seeing solid demand for memory chips with the launch of new mobile as well as game console designs.
The business likewise aims to enhance earnings in the following quarter by reducing manufacturing costs as well as improving effectiveness.
It states the pandemic stays a continuous resource of uncertainty.
Kim Sung-min, Arirang News.

#Samsung #Economy #profit.

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Samsung Electronics’ Q2 earnings rose 23.48% y/y to US$ 6.8 bil. despite COVID-19

삼성전자 2분기 영업이익 8조1463억원…작년 대비 23.5%↑

Let’s start with the big business news of the day.
Despite the tough economic situation,… South Korean tech giant Samsung Electronics still managed to turn a profit in the second quarter of this year.
While there’s still uncertainty from COVID-19, the company also expects to see solid demand for some of its main products in the second half of 2020.
Kim Sungmin reports.
Samsung Electronics’ earnings for the second quarter of 2020 amounted to around six-point-eight billion U.S. dollars.
That is the largest operating profit since the last quarter of 2018.
The South Korean tech giant said that while its total sales were down some 5-point-6 percent on-year amid COVID-19, its operating profits were up 23-and-a-half percent.
Samsung says this was largely driven by the increased profitability of memory chips and displays…, along with high demand for the IT products people have been using during lockdowns.
According to Samsung, the operating profits from semiconductors made up around 67% of the total profits.
Also, sales of mobile phones and home appliances, which were expected to see a huge drop in demand, had better sales than expected.
The operating profits for mobile phones came to around 1-point-6 billion US dollars…, a 25% increase from the same period last year.
For the latter half of 2020, Samsung says it expects demand to rebound on products like smartphones while seeing firm demand for memory chips with the release of new mobile and game console models.
The company also aims to improve earnings in the following quarter by cutting production costs and improving efficiency.
However, it says the pandemic remains a constant source of uncertainty.
Kim Sung-min, Arirang News

#Samsung #Economy #profit

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Samsung Electronics Q2 net halves on weak chip prices, mobile slump

삼성전자 2분기 반도체 영업이익 3.4조원•••전년比 70%↓

The world’s biggest smartphone maker Samsung Electronics’ earnings and performance in the second quarter are out…and it shows,… the firm is struggling with semiconductor profits hitting the lowest figure.
Kim Da-mi has the details.
Samsung Electronics’ profits from its semiconductor business plunged in the second quarter by more than 70 percent from a year earlier,… mainly due to low memory chip prices.
The company said Wednesday that it made just 2-point-8-8 billion U.S. dollars on chips.
It’s the lowest figure in five years.
Sales fell 4 percent to around 47 billion dollars, and Samsung’s profits overall were down almost 56 percent from a year earlier.
The firm pointed to falling global demand for memory chips, especially from China, and falling prices for DRAM.
Samsung’s performance in the three-month period was slightly better, however, than it had forecast earlier this month.
Still, experts say growing uncertainties caused by Japan’s export curbs means Samsung will continue to face pressure.
Meanwhile, there was a turnaround in Samsung’s display business,… with a 7-percent jump in sales and an almost 6-percent jump in operating profits.
Despite a slowdown in the market for small-to-medium-sized displays,… the company said new iPhones to be released will help it in the second half of the year.
Sales in Samsung’s IT mobile business, including smartphones, rose almost 8 percent on-year with a boost from low- and mid-priced products.
That was hampered, though, by tougher competition in that price range and higher marketing costs.
Home appliances saw the biggest on-year improvement… with profits and sales up 30 percent and 6 percent respectively… thanks to sales of OLED TVs and airconditioners.
KIM Da-mi, Arirang News.

#Samsung #Electronics #Q2 #weak #chip #prices #mobile #slump

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