Search Results for "CES 2017"

Samsung announces earnings guidance for Q2 2017, could be its best ever quarterly profit

Samsung has announced its earnings guidance for the second quarter of 2017 (April-June), and things look extremely positive, especially after the company took a tumble in 2016 due to the Galaxy Note 7 fiasco. The company's consolidated sales stood at around KRW 60 trillion (approximately $53 billion) with an operating profit of around KRW 14 […]

By Asif Iqbal Shaik
7 years ago

High-end devices accounted for 29% of Samsung’s smartphone sales in Q1 2017

It's been revealed that high-end smartphones accounted for 29 percent of Samsung's combined handset sales in the first quarter of 2017; marking the first time the figure has dropped below 30 percent. As noted by The Investor, the portion of top-of-the-range devices once reached 75 percent during the second quarter of 2013, when the Galaxy S4 […]

By Josh L.
7 years ago

US trade commission orders Samsung to stop unfair business practices with retailers

The US FTC (Fair Trade Commission) has ordered Samsung to stop unfair business practices in the country. The antitrust regulator said that Samsung can't demand retailers to offer it retail prices for their products. The company reportedly did so for six years before it faced a probe from the agency. It was reported that Samsung […]

By Asif Iqbal Shaik
4 weeks ago

Samsung and Apple want to manufacture more devices in India

In recent years, India has become one of Samsung's main manufacturing hubs for smartphones and phone components. Now, Samsung is reportedly preparing to expand its production in India even more, as the country is launching a $2.1 billion plan to incentivize local production of more consumer devices. And according to reports, Apple has similar goals […]

By Mihai Matei
12 months ago

Apple reduces its reliance on Samsung with the iPhone 14 series

Apple has been slowly reducing its reliance on Samsung for its mobile devices. The company switched from Samsung Foundry to TSMC to manufacture all its processors. It also stopped buying OLED panels for Apple Watches from Samsung Display and is currently buying them from LG and BOE. Apple has reduced Samsung's contract share for OLED […]

By Asif Iqbal Shaik
1 year ago

Samsung merges consumer electronics and mobile divisions, announces other leadership changes

Samsung Electronics has announced some significant leadership and organizational changes across the company. Earlier, the company had three sub-divisions—Consumer Electronics, Device Solutions, and Mobile & IT—and each of them was headed by separate CEOs since 2017. Today, the company revealed that it has merged Consumer Electronics and Mobile & IT divisions into a new arm […]

By Asif Iqbal Shaik
2 years ago

Samsung hopes to emulate Apple success in the services business

With stagnating hardware sales and declining profit margins, Samsung is reportedly looking at services as a growth avenue. The Korean company apparently hopes to emulate Apple’s $50bn-a-year success in the services business in the coming years. The news comes from a report in The Financial Times, which quotes an unnamed senior executive at the Samsung […]

By Naresh
4 years ago

[Updated] Samsung cuts jobs in India as prices continue to plummet

Chinese rivals have dealt a major blow to Samsung’s sales and margins across product categories in recent years. In China, the cut-throat competition and wafer-thin margins have pushed Samsung’s smartphone market share to less than 1%, forcing the company to close one of its two local manufacturing plants and cut jobs and production at the […]

By Naresh
5 years ago

Samsung announces Q4 2018 earning guidance, operating profit down 29%

Samsung recorded its highest ever profits last quarter, but three months on things aren’t looking so great. The company just announced its earnings guidance for Q4 2018 with an estimated 29 percent drop in profit. Weak demand in the memory division caused the profits to decrease sharply, Samsung said. In a regulatory filing, Samsung estimated sales worth 59 trillion […]

By Sumit Adhikari
5 years ago

Samsung NEXT announces Q Fund to invest in unconventional AI startups

Samsung NEXT, the venture capital arm that focuses on investing in software and services to complement Samsung’s hardware, has announced the creation of ‘Samsung NEXT Q Fund’ to invest in next-generation AI startups and ideas. The fund will provide seed and Series A funding for ‘non-obvious’ and ‘forward-thinking’ AI ideas. According to the press release, […]

By Naresh
6 years ago

Samsung will announce a new customer for its Exynos processors next year

Samsung, already the largest chipmaker in the world by revenue, is looking to further extend its lead in this market by supplying its Exynos processors to more external clients. The company recently ended Intel's 24-year reign as the largest semiconductor-based chipmaker in the world but there's an important distinction to be made here. Samsung has […]

By Adnan Farooqui
6 years ago

Lawsuit claims Samsung colluded with DRAM suppliers to raise prices

Samsung has earned a significant chunk of its profits from its semiconductor division over the past couple of years. The company's leading position in the DRAM market has allowed it to reap the benefits of high demand and rising prices. Samsung said in its recent earnings release that it expects this momentum to continue in […]

By Adnan Farooqui
6 years ago

Apple is reportedly demanding better OLED prices from Samsung for the next iPhone

Samsung is the sole supplier of OLED panels for Apple’s iPhone X. The Korean giant was expected to make around $22 billion in revenue from supplying OLED panels to Apple in 2018. Since Samsung was the only supplier who could meet Apple’s demands in terms of quantity and quality, the company was able to command […]

By Naresh
6 years ago

Samsung Q4 earnings close out 2017 at record high profit

Samsung displayed spectacular performance last year as it posted record operating profits for consecutive quarters. The company said that it was on track to post its highest yearly operating profit ever as well as another record quarterly profit in Q4 2017. Its earnings guidance for the quarter revealed that much and Samsung has now posted […]

By Adnan Farooqui
6 years ago

Samsung’s Q4 2017 earnings guidance predicts record profits

2017 was a great year for Samsung. The company's revenues have surged on the back of the stellar performance of its semiconductor division leading it to post record profits in the past two quarters. It became the world's most profitable tech company earlier this year. Samsung expects to post a record operating profit in the […]

By Adnan Farooqui
6 years ago

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