Samsung Electronics

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Samsung Electronics - Total results - 1125
Samsung Electronics expects profit decline in April-June quarter as coronavirus pandemic hits sales
Business

Samsung Electronics expects profit decline in April-June quarter as coronavirus pandemic hits sales

Samsung Electronics Co. said Wednesday its operating profit for the first three months of 2020 rose 3.4 percent from a year earlier driven by increasing demands for computer chips

Coronavirus outbreak: India plans to airlift components from China to help local tech industry; other sectors explore airfreight option too
Business

Coronavirus outbreak: India plans to airlift components from China to help local tech industry; other sectors explore airfreight option too

India’s technology ministry has asked electronics and smartphone industry lobby groups to draw up a list of components made in China which then can be airlifted, two of the officials said.

Apple warns sales to fall short of target due to coronavirus impact; co's manufacturing facilities in China 'ramping up slowly'
Business

Apple warns sales to fall short of target due to coronavirus impact; co's manufacturing facilities in China 'ramping up slowly'

Apple said it will reopen China stores “as steadily and safely as we can,” while global supplies of iPhones will be limited as manufacturers work toward operating plants at full capacity

Samsung Electronics has named President Roh Tae-moon as its new mobile chief
News & Analysis

Samsung Electronics has named President Roh Tae-moon as its new mobile chief

Former mobile chief DJ Koh will continue to lead Samsung’s IT & mobile communications (IM) division.

Samsung appoints anti-corruption panel as former president Park Geun-hyes faces bribery scandal
News & Analysis

Samsung appoints anti-corruption panel as former president Park Geun-hyes faces bribery scandal

This panel would monitor potential misconduct at group companies, including flagship Samsung Electronics.

Qualcomm hints 2020 iPhones may support 5G, expects 200 million 5G phones to be sold
News & Analysis

Qualcomm hints 2020 iPhones may support 5G, expects 200 million 5G phones to be sold

Qualcomm CFO says that another set of flagship devices will adopt 5G in the next year.

Google owner Alphabet in bid to buy Fitbit; wearable device maker's shares jump 27%, m-cap at $1.4 bn
Business

Google owner Alphabet in bid to buy Fitbit; wearable device maker's shares jump 27%, m-cap at $1.4 bn

There is no certainty that the negotiations between Google and Fitbit will lead to any deal, the sources said, asking not to be identified because the matter is confidential.

Govt scraps 5% import duty on open cell TV panel; move will make LED TVs cheaper
Business

Govt scraps 5% import duty on open cell TV panel; move will make LED TVs cheaper

In a bid to boost domestic manufacturing, the government has removed 5 percent customs duty imposed on import of open-cell TV panel, which are used in the manufacturing of LED TVs

Japan restricts export of high-tech materials used in smartphone displays to Korea
News & Analysis

Japan restricts export of high-tech materials used in smartphone displays to Korea

The materials to be restricted includes fluorinated polyimide which is used in smartphone displays.

US-China trade tensions kick Asian business confidence to 10-year low, little signs of easing soon, finds survey
Business

US-China trade tensions kick Asian business confidence to 10-year low, little signs of easing soon, finds survey

China’s economy is also feeling the heat, with industrial output growth sliding to a 17-year low in May.

Samsung still not confirming shipping date for Galaxy Fold, could cancel pre-orders
News & Analysis

Samsung still not confirming shipping date for Galaxy Fold, could cancel pre-orders

Samsung closed Galaxy Fold pre-orders earlier due to what it said was “high demand”.

Samsung Electronics bets on better second half after posting weakest profit in more than two years in first quarter
Business

Samsung Electronics bets on better second half after posting weakest profit in more than two years in first quarter

Hit by falls in chip prices and slowing demand for display panels, Samsung posted operating profit of 6.2 trillion won ($5.4 billion) in the quarter ended March

Samsung reports a 40 percent drop in profits in its mobile business in Q1 2019
News & Analysis

Samsung reports a 40 percent drop in profits in its mobile business in Q1 2019

Samsung's revenue fell 13.5 percent to 52.4 trillion won, also in line with its earlier estimates.

GST anti-profiteering body investigates Baba Ramdev's Patanjali Ayurved, FMCG major ITC
Business

GST anti-profiteering body investigates Baba Ramdev's Patanjali Ayurved, FMCG major ITC

The DGAP indicated that Patanjali Ayurved profiteered around Rs 176 crore on various FMCG items till August 2018

Samsung releases first ever 5G-capable Galaxy S10 smartphone in South Korea
News & Analysis

Samsung releases first ever 5G-capable Galaxy S10 smartphone in South Korea

South Korea became the first country to launch nationwide 5G services, with three superfast networks.

Samsung's new chip production line project has costed them about $1.29 billion
News & Analysis

Samsung's new chip production line project has costed them about $1.29 billion

Samsung C&T Corp and Samsung Electronics almost doubled the construction cost of their new chip line.

Apple cuts production plan by 10% for new iPhones in the current quarter: Report
News & Analysis

Apple cuts production plan by 10% for new iPhones in the current quarter: Report

Overall planned production volume of old and new iPhones is likely to be cut to 40-43 mn units.

Samsung Electronics says it would cancel $4.4 billion worth of its shares
News & Analysis

Samsung Electronics says it would cancel $4.4 billion worth of its shares

This step was the second stage of its previously announced plan to cancel all of its treasury shares.

Samsung has been ranked 4th among 1,000 companies in terms of R&D spending
News & Analysis

Samsung has been ranked 4th among 1,000 companies in terms of R&D spending

Samsung spent $15.3 billion on R&D projects from the second half of 2017.