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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.

Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.

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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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