Samsung Profits
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Samsung Hits Record Revenue in Q1 This Year, Expects Memory Shortage to Last Beyond 2027
Samsung Electronics reported consolidated revenue of KRW 133.9 trillion for the first quarter ending March 31, 2026, marking a 43 percent increase compared to the previous quarter. The South Korean brand has posted record operating profit, and its MX and Networks Businesses posted KRW 38.1 trillion in consolidated revenue. However, earnings from th...
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Shrinking Profit Margins Unwind Popular ‘Make in India’ Trade in Electronics
Following triple-digit share gains in recent years, electronics manufacturers — who make everything from Samsung Electronics phones to air conditioning units — are facing a sharp reversal as investor enthusiasm cools.
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Samsung Sees Q1 Profit Beating Estimates as Looming Tariffs Spur Chip, Phone Sales
Samsung Electronics on Tuesday flagged a much smaller-than-feared 0.2 percent fall in first-quarter operating profit. The world's largest memory chipmaker estimated an operating profit of KRW 6.6 trillion ($4.49 billion or roughly Rs. 38,608 crore) for the January-March period, well above a KRW 5.1 trillion (roughly Rs. 29,706 crore) LSEG SmartEst...
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Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
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Samsung Q4 Earnings Expected to Be Hit by Nvidia AI Chip Supply Delay
Samsung is expected to estimate its operating profit rose to 8.2 trillion won ($5.6 billion roughly Rs. 47,984 crore) in the quarter ended December, up from a low base of WON 2.8 trillion (roughly Rs.16,562 crore) a year earlier but down from WON 9.18 trillion (roughly Rs. 54,284 crore) in the preceding quarter.
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Samsung Electronics Apologises for Disappointing Profit as It Struggles in AI Chips
Samsung warned its third-quarter profit would come in below market expectations and apologised for the disappointing performance. Samsung's share price, already down more than 20 percent so far this year, fell 1.3 percent, underperforming a 0.4 percent fall in the benchmark KOSPI.
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Samsung Hints at Introducing ‘New Premium Models’ of Galaxy Watch, Galaxy Ring Launch Tipped Too
Samsung recently said it is looking to expand its wearable ecosystem this year and dropped a big hint that it might introduce new premium models of smartwatches. The company published its Q1 2024 (Jan - March) earnings on Tuesday and also shared its plans for the next quarter and the rest of the year. For its Mobile eXperience (MX) Business, it cou...
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Samsung Sees Smartphone and Tech Devices Demand Recovering in 2024 After Record Chip Loss
Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34 percent drop in fourth-quarter profit despite a memory price rebound as consumer demand remained weak in many businesses.
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Samsung's Profits Plunge Over 95% Due To Low Demand
Samsung Electronics on Thursday reported a more than 95 percent plunge in operating profits in the second quarter owing to weak demand for memory chips.
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Samsung Electronics Q2 Profit Fell Over 95 Percent Amid Chip Oversupply, Weaker Demand
Samsung Electronics on Thursday reported a more than 95 percent plunge in operating profits in the second quarter owing to weak demand for memory chips. Operating profit from the April to June period was KRW 668.5 billion (roughly Rs. 3,800 crore), down from KRW 14.1 trillion (roughly Rs. 89,072 crore) from a year earlier, Samsung said in a stateme...
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Samsung Hits Record Revenue in Q1 This Year, Expects Memory Shortage to Last Beyond 2027
Samsung Electronics reported consolidated revenue of KRW 133.9 trillion for the first quarter ending March 31, 2026, marking a 43 percent increase compared to the previous quarter. The South Korean brand has posted record operating profit, and its MX and Networks Businesses posted KRW 38.1 trillion in consolidated revenue. However, earnings from th...
-
Shrinking Profit Margins Unwind Popular ‘Make in India’ Trade in Electronics
Following triple-digit share gains in recent years, electronics manufacturers — who make everything from Samsung Electronics phones to air conditioning units — are facing a sharp reversal as investor enthusiasm cools.
-
Samsung Sees Q1 Profit Beating Estimates as Looming Tariffs Spur Chip, Phone Sales
Samsung Electronics on Tuesday flagged a much smaller-than-feared 0.2 percent fall in first-quarter operating profit. The world's largest memory chipmaker estimated an operating profit of KRW 6.6 trillion ($4.49 billion or roughly Rs. 38,608 crore) for the January-March period, well above a KRW 5.1 trillion (roughly Rs. 29,706 crore) LSEG SmartEst...
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Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
-
Samsung Q4 Earnings Expected to Be Hit by Nvidia AI Chip Supply Delay
Samsung is expected to estimate its operating profit rose to 8.2 trillion won ($5.6 billion roughly Rs. 47,984 crore) in the quarter ended December, up from a low base of WON 2.8 trillion (roughly Rs.16,562 crore) a year earlier but down from WON 9.18 trillion (roughly Rs. 54,284 crore) in the preceding quarter.
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Samsung Electronics Apologises for Disappointing Profit as It Struggles in AI Chips
Samsung warned its third-quarter profit would come in below market expectations and apologised for the disappointing performance. Samsung's share price, already down more than 20 percent so far this year, fell 1.3 percent, underperforming a 0.4 percent fall in the benchmark KOSPI.
-
Samsung Hints at Introducing ‘New Premium Models’ of Galaxy Watch, Galaxy Ring Launch Tipped Too
Samsung recently said it is looking to expand its wearable ecosystem this year and dropped a big hint that it might introduce new premium models of smartwatches. The company published its Q1 2024 (Jan - March) earnings on Tuesday and also shared its plans for the next quarter and the rest of the year. For its Mobile eXperience (MX) Business, it cou...
-
Samsung Sees Smartphone and Tech Devices Demand Recovering in 2024 After Record Chip Loss
Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34 percent drop in fourth-quarter profit despite a memory price rebound as consumer demand remained weak in many businesses.
-
Samsung's Profits Plunge Over 95% Due To Low Demand
Samsung Electronics on Thursday reported a more than 95 percent plunge in operating profits in the second quarter owing to weak demand for memory chips.
-
Samsung Electronics Q2 Profit Fell Over 95 Percent Amid Chip Oversupply, Weaker Demand
Samsung Electronics on Thursday reported a more than 95 percent plunge in operating profits in the second quarter owing to weak demand for memory chips. Operating profit from the April to June period was KRW 668.5 billion (roughly Rs. 3,800 crore), down from KRW 14.1 trillion (roughly Rs. 89,072 crore) from a year earlier, Samsung said in a stateme...
