Tuesday, 26 March, 2019


Samsung's profit declines after 7 straight quarters of growth

Samsung Galaxy S8 Samsung's profit declines after 7 straight quarters of growth
Melba Vasquez | 06 July, 2018, 17:43

The Samsung Galaxy S7 has reportedly been the company's most-popular smartphone today, having sold around 50 million units.

Operating profit for the three-month period is expected to come in at 14.8 trillion won ($13 billion) from 58 trillion won (£39bn) in revenues.

While the smartphone business struggles, Samsung's profits are being driven by strong global sales of DRAM and NAND chips which account for about a third of its revenue.

Smartphone sales started to cool previous year after a decade of robust growth, but Samsung had managed to weather the slowdown, thanks to demand for memory. The Galaxy X will likely not cannibalize sales for the Galaxy S10, as the foldable smartphone is expected to be a niche device with a price tag that may go as high as around $1,800, almost double the price of the $1,000 iPhone X by rival Apple.

Samsung was also hurt by a fall in prices for its liquid crystal display panels, which are used in both TVs and smart devices.

Samsung warned in April that its mobile business would see "stagnant sales of flagship models amid weak demand and an increase in marketing expenses" in the second quarter.

"While chip sales keep rising, smartphones aren't looking good", said Jung Sang-jin, a fund manager at Korea Investment Management.

Samsung, which has reported record profits for every quarter in the past 12 months, on Friday released its earnings guidance for the second quarter of 2018.

Competition from cheaper Chinese brands like Xiaomi Corp (1810.HK) and Huawei have already seen Samsung lose market share in China and India, the world's top smartphone markets. However, it looks like the company might be changing a key element of the device.

The won may also help Samsung to bounce back in the second half.

Recommended

loading...
...

Maryam says she is ready to go to jail Maryam says she is ready to go to jail The Supreme Court agreed to investigate the Sharif family's finances after Khan threatened street demonstrations to protest graft. Sharif's two sons - Hasan and Hussain - also wanted in the case, have been declared proclaimed offenders owing to their no-show.

Malcolm Turnbull says Nauru's ban on ABC journalists 'regrettable' An ABC spokeswoman told the Sydney Morning Herald: "The ABC vigorously defends our role in doing independent reporting on our region".

Novichok Nerve Agent Poisoned British Couple Novichok Nerve Agent Poisoned British Couple He went on: "The hostel (where Ms Sturgess lived) now becomes a crime scene and they will treat that with the utmost respect". Police say the pair were exposed to the potentially deadly nerve agent Novichok after "handling a contaminated item".

Poland's isolation deepens as Supreme Court law takes effect Poland's isolation deepens as Supreme Court law takes effect Democracy champion and Nobel Peace Prize victor Lech Walesa has said he will come to Warsaw Wednesday to defend the Supreme Court. The party's standing in polls has held steady at around 40 percent throughout the dispute, well above any single rival party.

USA tariffs take effect, China warns of 'counterattack' USA  tariffs take effect, China warns of 'counterattack' Although the first exchange of tariffs is unlikely to inflict much economic harm on either nation, the damage could soon escalate. Eastern, when the USA targets 818 of China's technology products, including auto parts, and aerospace and medical instruments.

Dozens missing after Thailand tourist boat capsizes Dozens missing after Thailand tourist boat capsizes Severe weather is forecast in the area until next Tuesday. "We will search under the belly of the boat", the Marines said. Strong winds are still blowing as rescuers look for the missing in the Andaman Sea off the tourist island of Phuket .

Trump Mocked For Typo-Riddled Tweetstorm Defending His Grammar Trump Mocked For Typo-Riddled Tweetstorm Defending His Grammar Donald Trump has unleashed a tsunami of internet snark after tweeting out praise for his self-declared writing abilities. The Merriam-Webster Dictionary's account sprang into action and explained the meaning of the words.

Ed Schultz, veteran broadcaster and former cable news host, dies at 64 Ed Schultz, veteran broadcaster and former cable news host, dies at 64 But he was a fiery liberal by the time he took his show into national syndication in 2004. A statement from RT later clarified he passed away at his home in Washington, D.C.

Wimbledon 2018: Sharapova, Kvitova ousted while Nadal, Djokovic won Wimbledon 2018: Sharapova, Kvitova ousted while Nadal, Djokovic won Kvitova became the favorite after she had captured five titles this year, including the pre-Wimbledon event at Birmingham. So I make a promise that I'm going to be very patient and I'm going to try to break it again for the other side.

F1 2018: Who's been the best driver of the season so far? F1 2018: Who's been the best driver of the season so far? Mercedes are hopeful Lewis Hamilton and Valtteri Bottas will avoid grid penalties at the British Grand Prix after their Spielberg woes last Sunday.

Several Americans spent Canada Day apologizing to Canadians for Trump Several Americans spent Canada Day apologizing to Canadians for Trump Not to mention Trump made headlines globally after his first Canadian visit for the G7 Summit he called Prime Minister Justin Trudeau " very dishonest and weak ".

U.S. senate panel concludes Putin meddled to help elect Trump U.S.  senate panel concludes Putin meddled to help elect Trump In particular, the court in the USA chose to arrest Paul Manafort , the former head of a campaign headquarters of U.S. Russian interference in the 2016 election was created to cause Democrat Hillary Clinton (above) to lose.

Avengers 4 Title Leaked! Infinity War Cinematographer Reveals Title, Deletes Post Avengers 4 Title Leaked! Infinity War Cinematographer Reveals Title, Deletes Post Infinity Wars' $257.7 million opening (in the USA and Canada) set the record for best opening ever. Let us know what you think the Avengers 4 Title will be in the comments.

Homeowner catches bear in his hot tub, drinking margaritas Homeowner catches bear in his hot tub, drinking margaritas The Los Angeles County Sheriff's department said it received six bear-sighting calls that day, but were unable to find it. Mark Hough was looking to enjoy a relaxing margarita in his backyard when a bear wandered onto his property.

‘Hunter becomes the hunted’: Lions eat poachers on South Africa reserve ‘Hunter becomes the hunted’: Lions eat poachers on South Africa reserve At around 4.30 a.m. on Monday morning, one of Sibuya's anti-poaching dogs gave her handler a warning that something was wrong. He said they're watching the lions closely and they have shown no signs of being aggressive around vehicles.