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Report: Samsung gained its revenue in Q3 in semiconductor chip and mobile sales
According to the Yonhap report, Samsung Electronics will return to higher earnings in the third quarter, despite lower memory prices. Meanwhile, sales of mobile and home appliances have risen on epidemic demand.
According to Yonhap Infomax, Samsung had sales of $63.95 trillion (US $54.5 billion) during the July-September period. An increase of 3.1 percent compared to the previous year. And the operating profit increased 33.7 percent this year to $10.4 trillion.
Samsung’s sales were up 20.7% and operating profit was up 27.6% compared to the previous quarter. Analysts are raising that Samsung’s revenue viewpoint in the coming weeks after predicting that the chip business will not see a big drop in sales despite lower memory prices.
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Market researcher Trendforce predicts that server DRAM products will be 10-15 percent cheaper in the third quarter. And the prices for mobile DRAM chips and consumer DRAM chips are 8% or higher. Analysts expect that Samsung’s chip business will generate $5 trillion in operating profit in the third quarter of this year.
Kim Kyung-min, a Hana Financial Investment analyst said, “Bit growth in DRAM and NAND flash is expected to increase by 3% and 12% respectively in the quarter, which is better than previous guidelines”.
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Samsung foundry business to grow in the third quarter. Information says that the company has received orders from Qualcomm and Nvidia to manufacture their latest chips.
Samsung’s mobile business operating profit was $4 trillion in the third quarter and operating profit in the second quarter was $1.95 trillion.
Samsung smartphone sales in the third quarter were 80 million units, about a 50% increase compared to the previous quarter. And Sales of the tablets reached 10 million units, approximately 45% increase in the second quarter.
Song Myung-sub, an analyst at Hi Investment & Securities said, “It appears that Samsung has performed well amid Huawei’s struggle and Apple’s new iPhone launch delay, while its tablet sales benefited from a stay-at-home trend”. “With decreased marketing costs amid the pandemic, the mobile business unit’s operating margin is expected to be around 10.5 percent in the third quarter.”
Samsung’s display business is expected to post average revenue in the third quarter due to the delay in launching Apple’s new iPhone 12 series.
Samsung matched Apple in smartphone customer satisfaction in America this year. The Americal Customer Satisfaction Index published its latest analysis. The report says Apple gained 1% in customer satisfaction, while Samsung gained 3%, tying the competition this year.
Samsung America achieved number 1 customer satisfaction among 5G mobile devices in the 2024 ACSI Survey. The Index is based on customer ratings of their own mobile devices and identifies the industry leaders they recognize for excellence in product and service quality.
“We’re proud that the ACSI results show how our customers recognize not only Samsung’s commitment to going above and beyond for them, but also the high quality of our mobile devices” said Mark Williams, Vice President of Customer Care at Samsung Electronics America.
Last year, Apple was the sole leader in the customer satisfaction index in America. Samsung’s share jumped by 3% this year, making it similar to Apple’s share of 82%. Both firms now stand on top, with keeping the same performance in the ASCI survey.
For the 2024 survey, ASCI randomly interviewed 12,414 consumers between April 2023 and March 2024. Besides Samsung, Motorola had the highest satisfaction increase. Google and Motorola tied for third with 77/100 with “All Others” earning an average score of 72.
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Samsung launched the “Made for Germany” promotion TV program for residents in Germany. The company will be opening new TV opportunities in the country on July 1st. Thanks to the abolition of ancillary costs, Tenants will be allowed to choose which TV provider they want to use.
Under the “Made for Germany” TV promo, Samsung will offer an attractive streaming service for free. By purchasing a high-quality promotional Samsung device, customers will get up to 24 months of free access to first-class live TV and streaming content.
Those who choose a promotional device by July 31 will receive Telekom’s streaming program with Magenta TV and in some cases even Netflix and Disney+, for up to 24 months free of charge on top, depending on the promotional model.
Curtains up for the “Made for Germany” promotional devices: The Samsung 98-inch devices, such as the QN990C2, Q80C3, and the 2023 and 2024 QN90C/D.
Those who choose the QN990C, Q80C, or QN90C/D will also receive the Magenta TV offer including Disney+ and Netflix free of charge for 24 months.
There are RTL+ Max and Sportworld for 12 months each, 12 rental films via Maxdome, HD+/Sat and waipu.tv for 6 months, and Zattoo and qobuz for 3 months.
Image: Samsung Newsroom
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IDC recently published its report on India’s various smartphone segments. In particular, the premium smartphone market in India witnessed Samsung’s storm in the first quarter of the year. Meanwhile, Apple managed to survive but the margin was negligible.
According to IDC, Apple’s share declined YoY to 45%, while Samsung was a close second with a 44% share. The Galaxy maker had just 16% market share in the premium smartphone segment a year back. This rapid growth stunned the iPhone’s lead in India.
IDC analysts ranged premium segment between cost $600<$800. Models costing between was 2% overall shipments and declined by 21% in unit terms. During the first three months of 2024, key models were the iPhone 13, Galaxy S23FE/S23, iPhone 12 and OnePlus12.
The report mentions that India’s smartphone market shipped 34 million units in 1Q24. The country’s smartphone market grew 11.5% year-over-year, the third consecutive quarter in terms of growth. However, the super-premium segment is still dominated by Apple iPhones.
“Several new launches across multiple price segments happened during the quarter, coupled with increased promotional activities, particularly around premium offerings. Brands continued their focus on microfinancing schemes to drive affordability. eTailers organized several sales events and offered discounts on models nearing their end-of-life (EOL), resulting in increased demand and lean inventory,” said Upasana Joshi, Senior Research Manager, Client Devices, IDC India.
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