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Samsung Q3 results fall on memory chip slump, smartphones still shine
2019-10-31 08:21:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics saw its net profit for the third quarter halve, to KRW 6.29 trillion from KRW 13.15 trillion a year ago, hurt by the slump in memory chip prices and lower TV sales. Revenues fell 5.3 percent to KRW 62.0 trillion, as the decline in chips and consumer electronics offset growth in smartphones and mobile displays.
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LG Electronics posts small rise in Q3 results, despite mobile business still in the red
2019-10-30 09:07:00| Telecompaper Headlines
(Telecompaper) LG Electronics reported a small increase in revenues and operating profit for the third quarter, due mainly to growth in its home appliances business. The mobile phone business remained deeply in the red, with sales sharply lower.
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Implications of China Trade Deal for American Farmers Still Unclear
2019-10-11 23:54:16| National Farmers Union
FOR IMMEDIATE RELEASE October 11, 2019 Contact: Hannah Packman, 202-554-1600 hpackman@nfudc.org WASHINGTON President Donald Trump today announced the United States had reached a deal with China to put the brakes on a trade dispute between the two countries. The United States will delay additional tariffs on Chinese imports and, in exchange, China has agreed […]
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Smartphone sales fall 1.7% in Q2, Huawei, Samsung still growing
2019-08-28 08:59:00| Telecompaper Headlines
(Telecompaper) Global sales of smartphones declined 1.7 percent in the second quarter to 368 million units, according to Gartner. The market researcher said demand for high-end devices was falling, driving phonemakers to focus on bringing premium features to the mid-range in order to boost phone replacements.
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Last week in telecoms: Cellnex up on Arqiva news, BT still going down
2019-08-12 07:00:00| Telecompaper Headlines
(Telecompaper) The European telecoms services market was led by quarterly results in week 32, along with some relatively minor M&A news. Our stock index was down 1.8 percent for the week, underperforming the EuroStoxx 50 index (-1.3%). Cellnex may have benefitted from news of Arqiva considering a split. BT is continuing its downward path and has now lost 27 percent year-to-date.
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