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 profits Stories October 29, 2015
Samsung profits Stories October 7, 2015
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 profits Stories February 26, 2015
The cost-cutting move is the latest by Samsung Electronics, which in January reported its first annual profit decline since 2011, as it lost market share to Apple Inc’s new iPhones and cheaper Chinese rivals like Xiaomi.
The move comes a few days before Samsung is set to unveil its new flagship smartphone, the Galaxy S6. Korean business professor and author of Sony vs Samsung says that the salary freeze is likely to “inject a sense of crisis into employees” … expand full story
Samsung profits Stories December 29, 2014
The Galaxy Alpha – first announced in August – may turn out to be a short-lived model: rumors originating in Korea claim that the company plans to discontinue the model in favor of the Galaxy A5 as soon as current inventory is exhausted.
Samsung profits Stories October 25, 2013
Samsung has beaten its earlier forecasts for both revenue and profit in Q3, reporting new records for both at $9.56B profit on revenues of $55.59B.
Samsung had earlier reported that it had sold more than 40 million Galaxy S4 handsets in the first six months, but advised today that most of its mobile growth was in lower-end models, while high-end growth is slowing … expand full story