by admin | May 25, 2021 | Branding, Business, Large Enterprise, Markets, Sales, Technology
Seoul : South Korean technology giant Samsung Electronics achieved a net profit of $39.30 billion, 85.6 per cent more than in 2016 thanks to the boom in the memory chip industry.
The company also earned a gross operating profit of $52 billion, 83 per cent higher than the previous year, the company said in a statement on Wednesday.
Its operating profit was $49 billion, a 83.4 per cent increase, supported by a turnover of $222 billion, which is 18.6 per cent higher than in 2016, Efe reported.
With respect to the fourth quarter of the year, the world’s largest memory chip manufacturer saw its net profit increase 72.9 per cent year-on-year to $11 billion.
Its operating profit was $14.13 billion, a 64.3 per cent increase compared to the last quarter of 2016, and its sales totalled $61.54 billion, a 23.7 per cent rise.
The company attributed the good performance in the fourth quarter to its component business unit, which manufactures the DRAM and NAND memory chips that have strengthened the company’s financial results throughout 2017.
Samsung said that “orders for high-performance memory products for servers and mobile storage were strong” during the October-December quarter.
The tech giant’s dominance in the memory chip sector, coupled with the high demand because of the rise of big data and the Internet of Things (IoT), has boosted the prices of this type of products.
Samsung will try to improve profitability by increasing the high-end LCD portion of screens and enhancing productivity of flexible OLED panels, among other measures.
For the IT & Mobile Communications Division (IM), earnings in the mobile business declined due to a hike in marketing costs.
Total smartphone shipments decreased due to the lineup optimisation of low-end models, while shipments of flagship products, such as the Galaxy Note 8, increased from the previous quarter.
The Consumer Electronics Division, comprising the TV and home appliances businesses, posted gains for the quarter.
Samsung expects this strong demand to remain stable throughout 2018 as a result of the need to supply of new data centres as well as high-end mobile manufacturers.
In the first quarter, the company expects the mobile business to improve its earnings, led by an increase in sales of flagship products with the launch of Galaxy S9.
In 2018, demand for NAND is likely to remain strong and market conditions are forecast to be stable. Samsung will expand 64-layer V-NAND production mainly at its Pyeongtaek plant.
As for DRAM, the company expects solid demand growth due to new datacentre builds and will increase product competitiveness by expanding 10nm-class process migration.
For the display panel business in 2018, the company expects OLED to become a mainstream panel in the smartphone industry and will reinforce its competencies in foldable, automotive and IT displays.
—IANS
by admin | May 25, 2021 | Branding, Business, Large Enterprise, Markets, Technology
Asim Warsi
New Delhi : As Samsung heats up the smartphone market in the New Year with two new offerings, the South Korean giant is looking to grow its business across channels, including online, as the year progresses, Asim Warsi, Global Vice President, Samsung India, said on Friday.
“We are wherever our users are. And that’s why we have the largest retail network in the country with over 150,000 touch points. We are constantly looking to grow our business and are looking to pave growth stories in all channels including the online space,” Warsi told IANS.
Samsung, which is gearing up to take on Chinese rivals in the online segment, has launched two back-to-back “online exclusive” handsets.
The two devices — Galaxy A8+ and Galaxy On7 Prime — are from different price segments.
While A8+ is priced at Rs 32,990 and will compete in the premium segment, On7 prime starts at Rs 12,990 and will compete in the highly-competitive, mid-price segment.
“A8+ will help Samsung consolidate its leadership in the premium segment (above Rs 30,000) where Samsung has nearly 60 per cent volume market share, according to Gfk,” Warsi added.
So far, Samsung was reluctant to go all out in the online segment as it has huge stakes in the offline trade, with over 1.5 lakh retail outlets.
Samsung has 43 per cent market share in the offline market, which account for nearly 75 per cent of all smartphones sales.
Besides Amazon and Flipkart, Samsung has partnered with Paytm for online sales. It recently recruited over 5,000 online dealers as part of its tie up with Paytm Mall.
Galaxy A8+ will compete directly with OnePlus in the premium category, while On7 Prime is a strong contender in the Rs 10,000-15,000 price bracket.
“Both the phones have been priced competitively and it seems that Samsung is gearing up to take on Chinese companies’ dominance in the online segment,” an industry expert said.
The South Korean giant is planning to introduce a number of smartphones in the Galaxy “J” and “On” series in the coming months, industry sources told IANS.
Samsung first launched its online exclusive “On” series in 2015. Since then, the company has launched nearly eight models of online exclusive smartphones under the “On” series.
The company’s focus, said Sandeep Singh Arora, Vice President, Samsung India, is to address consumers’ needs in online as well as all price segments.
“Our focus is to address consumers’ needs across all channels, whether it is online or offline. If our consumers are on a particular channel, we would make sure that we address them,” Arora told IANS.
Both Galaxy A8+ and Galaxy On7 Prime will start selling on Amazon from January 20.
—IANS
by admin | May 25, 2021 | Markets, Muslim World, Technology
Tehran : Samsung along with the Irania government is training several experts to achieve state-of-art technologies, a national daily reported on Saturday.
Samsung has set up an engineering academy in Iran and some 7,200 youth have been trained at the centre of which 1,400 have entered the job market after receiving a certificate of skill from Samsung, Xinhua cited Financial Tribune as saying.
The company will also convene the third Iranian Electrical Technicians Olympiad in collaboration with Iran Technical and Vocational Training Organization (TVTO) from December 15-22.
The competition would focus on the repair of cellphones, tablets, home appliances, air-conditioning units and multimedia devices.
According to the report, the South Korean electronics company’s local sales manager said that “the event seeks to introduce skilled Iranian technicians to employers.”
Close to 1,700 people participated in the previous round of the competition in January 2016.
—IANS
by admin | May 25, 2021 | Branding, Business, Large Enterprise, Marketing Basics, Markets, Online Marketing, Sales, Technology
San Francisco : Microsoft has started selling Samsung Galaxy Note 8 from its online store that comes packed with pre-installed apps like virtual assistant Cortana, Word, Excel, OneNote and Outlook.
Dubbed as the Microsoft Edition, Samsung Galaxy Note 8 also includes Microsoft Launcher, Android Authority reported on Sunday.
“This comes just after it began selling the Razer Phone and the Samsung Galaxy S8 and Galaxy S8 Plus last week. In fact, if you are looking to pick up the Galaxy S8 or Galaxy S8 Plus, Microsoft has them on sale, dropping the price by $150,” the website said.
Microsoft Launcher helps users with personalised feed, housing access to calendar, documents and recent activities.
Galaxy Note 8 has industry-first “Infinity Display”. The 6.3-inch display with a resolution of 1440 x 2960 pixels delivered sharp and deep colours.
The edge-to-edge display with 18.5:9 aspect ratio offered maximum viewing area.
The device with 6 GB RAM and 64 GB inbuilt storage (expandable up to 256 GB) houses a 64-bit Exynos 8895 octa-core SoC (system on chip), handling heavy-graphics games with ease with “Vulkan API” support. Samsung has also made the “S-Pen” more powerful.
Even though Microsoft has reported a fall in Surface PC line and Windows phones revenues, the Redmond-based tech giant is aiming for new devices called “Surface Phones” and has made its patent public.
According to media reports, Microsoft CEO Satya Nadella has confirmed that Microsoft will “make more phones, but they will not look like phones that are there today.”
—IANS
by admin | May 25, 2021 | Branding, Business, Large Enterprise, Markets, Technology
London : While Apple led the UK smartphone market with just over 34 per cent market share despite sales declining sequentially, Samsung has become the second largest brand, slightly behind Apple.
According to the latest research from Counterpoint’s Market Pulse service, the UK smartphones sales remained flat annually in the third quarter this year, while the overall handset market (including feature phones) declined by 8 per cent (year on year).
“The Chinese giant Huawei was the third largest brand, with consistent double-digit market share, leveraging a diverse portfolio across all price-tiers, but still some distance behind Samsung and Apple that represent something approaching a virtual duopoly,” said Parv Sharma, Research Associate at Counterpoint Research.
Top five brands account for almost 80 per cent of the smartphone sales in the UK in the third quarter.
“Like we see in the US market, Apple and Samsung together control more than two thirds of the UK smartphone market in sales volumes and more than 80 per cent in sales value,” Sharma added.
The Apple iPhone 7 was the bestselling smartphone and contributed to 15 per cent of the total smartphones sold in Q3.
“Samsung’s Galaxy S8 and S8 Plus were second and third. Samsung also has a strong range across all price bands and it, together with Huawei, provided a strong volume platform that was resilient to attack from most other brands,” said Research Director Peter Richardson.
—IANS
