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    Qualcomm reportedly ditches Samsung, moves ahead with TSMC for 7nm processors

    Qualcomm reportedly ditches Samsung, moves ahead with TSMC for 7nm processors

    Qualcomm chose Samsung to manufacture its 10nm Snapdragon 835 chipset late last year, thanks to the latter's superior fabrication technology. It was a win-win situation for both the firms. The South Korean electronics firm reaped profits by manufacturing Snapdragon 835. On the other hand, Qualcomm had access to Samsung's 10nm technology, and its chips were also used in millions of Galaxy […]

    • By Asif Iqbal Shaik
    • 7 years ago
    Samsung’s Q2 2017 operating profit expected to hit new high

    Samsung’s Q2 2017 operating profit expected to hit new high

    Financial analysts are bullish on Samsung's prospects for the second quarter of this year. They predict that the company's Q2 2017 operating profit is going to hit a new record high. Most estimates suggest that the operating profit will be in the range of 12 trillion won or $10.6 billion to over 13 trillion won. […]

    • By Adnan Farooqui
    • 7 years ago
    Samsung Display may begin iPhone OLED production this month

    Samsung Display may begin iPhone OLED production this month

    Samsung's display-making affiliate, Samsung Display, is reportedly going to start mass production of OLED panels for the next-generation iPhone this month. Samsung is believed to have been awarded the contract for OLED display panels for the iPhone 8, it's going to be Apple's first smartphone to feature an OLED display if the reports are correct. […]

    • By Adnan Farooqui
    • 7 years ago
    Samsung posts highest-ever Q1 operating profit on revenue of $44.7 billion

    Samsung posts highest-ever Q1 operating profit on revenue of $44.7 billion

    Samsung shared its earnings guidance for the first quarter of 2017 last month. It expected the operating profit to come in at 10.1 trillion won or $9 billion. The company today reported its Q1 2017 earnings and hasn't strayed too far from its guidance. Samsung brought in an operating profit of 9.9 trillion won or […]

    • By Adnan Farooqui
    • 7 years ago
    Samsung expects to post second-best operating profit ever in the first quarter of 2017

    Samsung expects to post second-best operating profit ever in the first quarter of 2017

    Samsung officially released its Q1 2017 earnings guidance today and it's in line with market expectations. Analysts are of the view that Samsung's operating profit this quarter will be close to the record high it hit back in the third quarter of 2013. The company predicts that its Q1 2017 revenue is going to be […]

    • By Adnan Farooqui
    • 7 years ago
    Samsung Q1 2017 earnings guidance may be announced next week

    Samsung Q1 2017 earnings guidance may be announced next week

    Industry sources in South Korea believe that Samsung is going to announce its earnings guidance for the first quarter of the year next week. They expect that the guidance will beat forecasts as earnings are likely to be buoyed by the continued stellar performance of Samsung's chip business. Samsung's operating profit for the first quarter […]

    • By Adnan Farooqui
    • 7 years ago
    High-end devices accounted for 29% of Samsung’s smartphone sales in Q1 2017

    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
    Samsung Electronics’ market cap hits $268 billion for the first time ever

    Samsung Electronics’ market cap hits $268 billion for the first time ever

    Despite ongoing challenges that have the leadership quite busy, investors continue to reiterate their trust in Samsung's business. That's evident by the performance of Samsung's stock on the Korea Composite Stock Price Index. The share price has been hitting new all-time highs this year and it went up to 2.134 million won yesterday, that's $1,906, […]

    • By Adnan Farooqui
    • 7 years ago
    Samsung SDI Note 7 battery compensation talks reportedly stalled

    Samsung SDI Note 7 battery compensation talks reportedly stalled

    Citing industry sources, a report out of South Korea today claims that the Samsung Group's battery affiliate Samsung SDI has put its Galaxy Note 7 battery compensation plan for sister company Samsung Electronics on hold as the two affiliates have yet to find a middle ground for a settlement. The two companies have still not […]

    • By Adnan Farooqui
    • 7 years ago
    Samsung’s Q1 2017 result expected to beat expectations

    Samsung’s Q1 2017 result expected to beat expectations

    Financial analysts have made several predictions about how Samsung's first quarter of 2017 is going to turn out. Some suggested that the company would see a 40 percent increase in operating profit but this was revised down to 30 percent just two weeks ago. According to a new report out of Korea, the company is […]

    • By Adnan Farooqui
    • 7 years ago
    Samsung’s Harman acquisition complete, will retain workforce and brands

    Samsung’s Harman acquisition complete, will retain workforce and brands

    Everything in life is a process, but the end to some processes is a cause for celebration. That is the case for Samsung, as its Harman International acquisition is now complete after four months of hard work to see it through. Harman stockholders will receive $112 per share, with a total purchase payment of $8 billion […]

    • By Deidre R.
    • 7 years ago
    Samsung acquired Viv Labs for around $215 million

    Samsung acquired Viv Labs for around $215 million

    Back in October 2016, Samsung announced that it had acquired artificial intelligence startup Viv Labs. Unfortunately, at the time, the financial terms of the deal weren't revealed. The firm has now, however, disclosed that it inked the contract for 238.93 billion won on Friday, October 8, when the Korean won was equal to $0.0009 — […]

    • By Josh L.
    • 7 years ago
    Samsung Q1 2017 operating profit expected to jump 40 percent

    Samsung Q1 2017 operating profit expected to jump 40 percent

    Things may not be looking good for Samsung's top management but these troubles are not likely to have an impact on its business in the short term. This is why analysts who cover the company are of the view that it's going to showcase robust growth in the first quarter of this year. According to […]

    • By Adnan Farooqui
    • 7 years ago
    Samsung looking to spend $1 billion to buy artificial intelligence companies

    Samsung looking to spend $1 billion to buy artificial intelligence companies

    Local media reports out of South Korea today suggest that Samsung is thinking about setting up a new fund to acquire companies working in the field of artificial intelligence. The company is reportedly thinking about setting aside $1 billion for this purpose. An unnamed Samsung Electronics US official cited in the report claims that Samsung […]

    • By Adnan Farooqui
    • 7 years ago
    Samsung SDI’s China factory catches fire

    Samsung SDI’s China factory catches fire

    Samsung SDI is the battery-making affiliate of the Samsung Group. Samsung Electronics sources a big chunk of the batteries for its mobile devices from this company, and yes, Samsung SDI was one of the suppliers for the Galaxy Note 7's battery as well. It's actually going to be supplying the bulk of the batteries for […]

    • By Adnan Farooqui
    • 7 years ago
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