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Tag: samsung
Samsung Q3 profits up on growth in components
2015-10-29 08:15:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics reported a strong improvement in third-quarter profit as expected. Net profit rose to KRW 7.39 trillion from KRW 4.85 trillion a year ago, and operating profit improved to KRW 7.39 trillion from KRW 4.06 trillion. Revenues rose 8.9 percent to KRW 51.68 trillion, led by the display and semiconductor business, which grew revenue 24.7 percent to KRW 20.31 trillion. The mobile phone unit recorded sales up 10.3 percent to KRW 25.94 trillion. Samsung said it saw a strong increase in shipments compared to the second quarter, thanks to new smartphone models such as the Galaxy S6 Edge+, Note5, A8 and J5. However, the average selling price was under pressure from a cut in price for the S6 and increased sales in the mid- to low-end range. The tablet business was stable compared to previous quarter despite weak market demand, while the network equipment business increased profits thanks to LTE expansion contracts outside Korea. Samsung said it expects stronger demand for smartphones and tablets in Q4, while competition will intensify around the holiday season. It will focus on growing sales of its models released in Q3.
Tags: growth
components
samsung
profits
Samsung Boosts Capital Spending as Phones Fail to Revive Growth
2015-10-29 03:58:25| Electronics - Topix.net
Samsung Electronics Co. said it will increase capital spending after posting profit that missed analysts' estimates as price cuts on new Galaxy S6 smartphones failed to sway consumers from buying iPhones.
Tags: capital
growth
phones
samsung
Samsung returns to smartphone shipment growth in Q3
2015-10-29 01:00:00| Total Telecom industry news
Korean electronics reports revenue, earnings uptick thanks to popularity of latest devices.
Tags: returns
growth
samsung
shipment
Samsung Pay signs up more partners
2015-10-28 17:29:03| Semiconductors - Topix.net
Samsung Electronics Co., Inc. announced Samsung Pay U.S. consumer usage data, new features, and partnerships at Money 20/20 in Las Vegas, adding more momentum to the most accepted mobile payment system. Just four weeks after its launch in the U.S., Samsung Pay is proving its biggest advantage is broad acceptance enabled by Samsung's MST in combination with NFC.
Tags: pay
partners
samsung
signs
UPDATE 1-Huawei takes smartphone fight to Samsung, Apple with Q3 shipments boom
2015-10-28 06:17:25| Electronics - Topix.net
China's Huawei Technologies Co is set to be the fastest-growing major smartphone vendor this year, analysts said, boosting its drive upmarket to challenge industry giants Samsung Electronics Co and Apple Inc. The upbeat view came after Huawei, the world's third-biggest smartphone supplier by volume, on Tuesday said third-quarter global smartphone shipments jumped 63 pct year-on-year to 27.4 million handsets. Higher-end device sales also grew, a key target for Huawei as it seeks to shed its budget supplier image.
Tags: update
takes
samsung
apple
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