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Samsung mobile sales, operating profit down in Q1
2014-04-29 08:19:00| Telecompaper Headlines
(Telecompaper) Samsung reported first-quarter revenues of KRW 53.68 trillion, up slightly from KRW 52.87 trillion a year earlier. The company's operating profit dipped to KRW 8.49 trillion from KRW 8.78 trillion, while net profit rose to KRW 7.57 trillion from KRW 7.15 trillion a year ago. Samsung saw a slowdown at its IT and mobile division, due to seasonality as well as competition and weaker demand in emerging markets. Revenues at the division fell to KRW 32.44 billion from KRW 32.82 trillion, and operating profit was down to KRW 6.43 trillion from KRW 6.51 trillion. Samsung said profits were up and smartphone shipments steady compared to Q4, thanks to better control of marketing costs and demand for low and mid-range models. The company also shipped almost 13 million tablets in the quarter, helped by its new Pro range. Samsung expects smartphone and tablet demand to improve somewhat in Q2, and said earnings should be solid thanks to the recent launch of the Galaxy S5 flagship phone, which is expected to surpass its predecessor in sales. For the rest of 2014, Samsung said it targets expansion in the Chinese LTE market as well as well as growing profitability from its wearables business. Its Display Panel and Consumer Electronics divisions should also improve results from Q2.
Tags: sales
mobile
operating
samsung
Samsung Electronics tips pickup as first quarter profit matches guidance
2014-04-29 05:28:27| Semiconductors - Topix.net
Samsung Electronics Co Ltd reported its second straight fall in quarterly profit on Tuesday, as weakness in flat-screen panels and the maturing high-end smartphone business weighed on the South Korean giant's earnings.
Tags: tips
electronics
samsung
profit
Samsung Electronics tips pickup as first quarter profit matches guidance
2014-04-29 04:04:16| Electronics - Topix.net
Samsung Electronics Co Ltd reported its second straight fall in quarterly profit on Tuesday, as weakness in flat-screen panels and the maturing high-end smartphone business weighed on the South Korean giant's earnings.
Tags: tips
electronics
samsung
profit
Samsung sees Q1 profit decline amid market saturation
2014-04-08 15:07:20| InfoWorld: Top News
Samsung Electronics on Tuesday warned that it would post a drop in operating profit during the first quarter of 2014. The largest smartphone maker said consolidated operating profit would be an estimated 8.4 trillion Korean won ($7.9 billion), down 4.3 percent from 8.78 trillion won a year earlier.
Tags: market
samsung
profit
decline
Samsung sees flat sales, lower opg profit in Q1
2014-04-08 08:37:00| Telecompaper Headlines
(Telecompaper) Samsung expects to report flat sales and lower operating profit for the first quarter. The company said it expects revenue at KRW 53 trillion, little changed from the year-earlier period, and operating profit of KRW 8.4 trillion, down from KRW 8.8 trillion in Q1 2013. This would be Samsung's second consecutive quarter of lower earnings, hurt by slower growth rates and declining prices in the smartphone market. The company will report full quarterly results at a later date.
Tags: sales
lower
flat
samsung
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