Samsung earnings Stories January 28, 2016

Samsung has today reported a steep 40% decline in net profits in its Q4 earnings, stating that its chip and component business has been hit by weaker prices. It revealed that net profit for the final quarter of 2015 fell to 3.2T Korean won ($2.7B), significantly short of market expectations.

Facing global economic headwinds, including a sharp fall in oil prices, the company’s fourth quarter earnings fell QoQ, as the components side of the business was impacted by weakened prices for DRAM chips and LCD panels due to overall softer demand in the IT market and PCs.

Samsung’s smartphone business has long been struggling with increased competition from lower-cost Chinese brands, and the WSJ reports that the company expects things to be even tougher this year …

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Samsung earnings Stories October 29, 2015

Samsung reported higher than expected Q3 profits of 7.39T Korean won ($6.4 billion) on revenue of 51.68T won ($45.2 billion), achieving its predicted first return to profit growth in eight quarters. However, while the company reported increased sales of the Galaxy Note 5 and Galaxy S6 Edge+, this was only achieved by cutting the prices.

Samsung admits that smartphone growth will be slow compared to previous years, but Re/code notes that the company believes it can generate growth in two ways …  expand full story

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Samsung earnings Stories October 7, 2015

There’s good news and bad news for Samsung today. The good news: the company has forecast a reversal of its seven-quarter decline in profits, suggesting an impressive year-on-year hike of almost 80%.

The bad news is that, while the company itself hasn’t released any details on where the profit is coming from, analysts cited by the WSJ and elsewhere put it down to strong growth in sales of chips and displays – not phone sales. This suggests that Samsung is making its money by helping other manufacturers, like Apple, sell their phones …  expand full story

Samsung earnings Stories July 29, 2011

Samsung, which reported earnings today, also said it would stop reporting sales data and forecasts for its mobile phones and tablets, “probably due to its continuing legal battle with Apple”, analysts tell The Wall Street Journal. The company did not provide phone or tablet sales data in today’s earnings report, the decision Robert Yi, Samsung’s chief of investor relations, said in a conference call with analysts was due to competitive reasons:

As competition intensifies, there are increased risks that the information we provide may adversely affect our own businesses.

And in the earnings release Samsung only wrote that “shipments of mobile handsets increased in the high-single-digit range quarter-on-quarter”. Per latest IDC and ABI Research second-quarter cell phone survey, Samsung shipped…

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Samsung earnings Stories July 7, 2011

Samsung today posted a 26-percent drop in Q2 profits because its television and semiconductor operations are shrinking. Profits fell to 3.7 trillion won, or about $3.5 billion, versus 5.01 trillion in the year-ago quarter. The drop is being blamed on Samsung’s flat panel unit which is bleeding money for a second consecutive quarter now. Because demand for 3D TVs and consumer electronics in general is weakening, Samsung’s flat panel division has generated an operating loss of 73.5 billion won ($69.1 million) in the second quarter, Bloomberg explains. Just a year ago, the same unit profited 880 billion won (about $827 million). Slim margins and low prices in the cut-throat television business don’t help either. A Kiwoom Securities Co. analyst Kim Sung In slammed the company:

Only the phone business is holding up. Everything else is looking bad. There’s no bright picture for the company looking ahead.

Maybe the flat panel division will recover if Apple brings out an intelligent, networked television set in 2012 using flat panels from Samsung? It’s all peachy for their mobile devices unit which has benefited from strong smartphone and tablet sales. A recent comScore survey put Samsung as the #1 smartphone brand in the US that accounted for 24.8 percent share of all mobile phone subscribers aged 13 and up. What about other metrics? expand full story

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