Samsung Electronics expects operating profits for the fourth quarter to soar 52.5 percent, the South Korean tech giant said in a statement on Friday, spurred by record sales. The world’s biggest smartphone maker forecast 2021 fourth-quarter operating profits at around 13.8 trillion won ($11.5 billion), up from 9.05 trillion won …
Read More »Samsung To Merge Mobile, Consumer Electronics Divisions
Samsung Electronics will merge its mobile and consumer electronics divisions and has named new co-CEOs in its biggest reshuffle since 2017, to 6 its structure and focus on growing its logic chip business. The sweeping move is the latest sign of centralised change at the world’s largest memory chip and …
Read More »Samsung Ships 30.6 Million Smartphones to Africa, Others as Profit Sours 44% in Q1 2021
Samsung expanded its presence in the Europe, Middle East and Africa (EMEA) smartphones market in the first quarter of the year, a report showed on Monday. The South Korean tech giant shipped 30.6 million smartphones in the EMEA market in the January-March period for a 32.8 percent market share, according …
Read More »Samsung’s Eyeing LG’s 5G Patent Portfolio after its Demise from Mobile
Samsung Electronics is reportedly looking at LG’s 5G patent portfolio with interest following LG’s retreat from the mobile market earlier this year. Samsung as well as a lot of NPEs (non-practicing entities) are reportedly considering buying LG Electronics’ 5G patents, though Samsung might be looking at alternative ways in which …
Read More »Samsung Owner, Lee Kun-hee, Dies At 78
Samsung Electronics has announced the death of its chairman, Lee Kun-hee. The company says he died on October 25th with family including his son, vice-chairman Lee Jae-yong, at his side. He was 78. A cause of death was not given, but Lee had been incapacitated for many years after suffering …
Read More »Samsung Flags 23% Profit Increase in Q2
Samsung Electronics Co Ltd. flagged a 23 per cent rise in second-quarter operating profit on Tuesday, beating analysts’ estimates on solid chip sales to data centres catering for a work-from-home economy during the novel coronavirus pandemic. The sales offset weak demand for smartphones and televisions, while one-off gains from its …
Read More »Coronavirus: Samsung Electronics Expects Profit Rise
Samsung Electronics xpects higher first-quarter profits, it said Tuesday, as millions of people working from home in coronavirus lockdowns turn to cloud data services, pushing up demand for its chips. The pandemic is wreaking havoc across the global economy — Samsung itself had operations suspended at 11 overseas assembly …
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