Smartphone Profits

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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 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 Electronics Expects Q2 Profit to Drop More Than 95 Percent Amid Ongoing Chip Glut

  Samsung Electronics reported a likely 96 percent plunge in second-quarter operating profit on Friday, largely in line with forecasts, as an ongoing chip glut drives large losses in the tech giant's key business despite a supply cut. Samsung estimated its operating profit fell to KRW 600 billion(roughly Rs. 3,795 crore) in April to June in April to ...

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  Apple Supplier Foxconn’s Sales Drop 9.5 Percent YoY Due to Low Global Smart Electronics Consumption

  Taiwan's Foxconn said on Monday that revenue in May fell 9.5 percent year-on-year due to weakness in smart consumer electronics during the traditional low season. Foxconn, formally called Hon Hai Precision Industry, said revenue last month reached TWD 450.7 billion (roughly Rs. 1,21,300 crore), in line with its expectations, though it was up 5 perc...

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  Samsung Vows to Cut Chip Production Amid Global Downturn in Demand; Shares Surge 4.5 Percent

  Samsung Electronics said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.

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  Blackberry to Sell Patents for Mobile Devices in New $900 Million Deal After Sale to Catapult Collapses

  BlackBerry said on Tuesday it would sell patents, primarily related to its mobile devices, for up to $900 million after the Canadian software company scrapped an earlier deal with Catapult IP Innovations.

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  Samsung Expects Smartphone Demand to Decline YoY as Firm Reports 69 Percent Plunge in Quarterly Profit

  Samsung on Tuesday said persistent macroeconomic uncertainty will make for a tough first half year as the world's biggest maker of memory chips and smartphones reported a 69 percent plunge in fourth-quarter profit, its lowest quarterly profit since 2014. Consumer demand for electronic devices has dropped as clients spend less in a weak economy, dra...

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  Huawei's Revenue Falls Down 2.2 Percent This Year Amid US Sanctions

  Chinese tech giant Huawei’s revenue rose in the latest quarter as infrastructure sales helped to offset damage to its smartphone business under the US sanctions, according to figures released Thursday. However, the revenue in the first nine months of 2022 declined 2.2 percent from a year earlier to CNY 445.8 billion (nearly Rs. 5,07,400 crore),...

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  Samsung Warns of Weaker Chip Demand for Phones, PCs Amid Recession Worries

  Samsung has earned its highest second-quarter profit since 2018 for the quarter ended June 30. Despite the strong position in the market, the company has cautioned about weaker chip demand from smartphone and PC makers as the purchase may go down amid recession worries. Samsung is expected to unveil its latest foldables on August 10.

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  Samsung Electronics' Q2 Profit Likely Rose 11 Percent on Solid Server Chip Demand

  Samsung Electronics reported a smaller-than-expected rise in quarterly operating earnings on Thursday as lower sales to inflation-hit smartphone makers dragged on profits from server customers loading up on memory chips. The profit fell short of a KRW 14.45 trillion (roughly Rs. 88,000 crore) SmartEstimate from Refinitiv.

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  Samsung Likely to Report 15 Percent YoY Rise in Server Chip Profits, Analysts Say

  Samsung Electronics is estimated to report a 15 percent year-on-year rise in profits in the last quarter, thanks to demand for its memory chips from server customers. An average of seven estimates shows that the operating profit for the world’s largest smartphone manufacturer may have jumped to KRW 14.46 trillion (roughly Rs. 88,000 crore) in the...

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  Foxconn Raises Full-Year-Outlook Despite Rising Inflation, Global Chip Shortage

  Foxconn has raised its full-year business forecast on Monday, after an increase in smartphone sales in June. The firm saw a 31 percent jump in sales from a year earlier, to a record high for the month. The increase comes despite concerns of slowing demand due to rising inflation, and a global chip shortage. The ongoing semiconductor shortage has al...

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  Samsung Says Memory Chip Demand, Brisk Smartphone Sales Boosted Net Profits in Q1 2022

  Samsung Electronics posted a 58.57 percent rise in first-quarter net profits, which were largely driven by steady memory chip demand and brisk smartphone sales.

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  Samsung Electronics Likely to Ride Chip Demand to Post Highest Q1 Profit Since 2018

  Samsung Electronics is likely to post its highest first-quarter profit since 2018, analysts' estimates showed.