Connect with us

Business

Samsung to record highest profit in Q1 for chip production

Published

on

Samsung Chip

Samsung Electronics is likely to record the highest first-quarter profits on memory chips since 2018. The analyst has estimated that the brisk profit is due to growing chip demands which keeps the price stable more than expected.

Reuter revealed that Samsung’s Q1 chip profit is likely to reach 7.6 trillion won, more than double the previous year’s profits which count to 3.37 trillion won, according to the average forecast of its Six analysts.

Join SammyFans on Telegram

The South Korean tech giant is going to announce preliminary results on Thursday. According to the sources, the chip business contributes to about half of the tech giant’s profit.

The Analyst’s said the chip price stood better than expected in the first quarter, despite a pulling surge over the last two-three years. They have noted that cautious investment spending has given a boost to the sector.

The Solid chip demands from the data centers and chipmakers’ conservative investment have defended against the falling price. Looking at the other side high-end product sale also limited the decline in memory chip prices.

According to the average forecast of these six analysts, Samsung’s mobile business profit is estimated at about 4.04 trillion won, which is slightly less than the previous year’s count of 4.39 trillion won.

Samsung has also shared the information that its recently launched February flagship S22 has reached sales of about one million. Samsung is continuously moving forward in such unstable market conditions.

Last month, Samsung’s CO-CEO have addressed the shareholder’s meeting for the manufacturing of 5-nm chip packing tech. It might have prepared some solid strategies to implement on the global ground. Being a SammyFan wait for the next, we will be bringing more to keep you boasted on Samsung.

Hey, Camila is here! From the very beginning, I love using Samsung phones like a die-hard fan. Apart from detailing One UI features for readers, I love exploring different apps of the Samsung ecosystem with a cup of tea!

Business

Samsung expects massive profit boom in Q2 given AI rise

Published

on

Samsung 55th shareholders meeting

Samsung today announced provisional sales and profit results for the second quarter. Samsung formally announced the provisional/predicted sales and operating profit, suggesting a massive profit boom in Q2, 2024 given the AI memory semiconductor rise.

In Q2, 2024, Samsung sales provisionally increased by 2.89% and operating profit by 57.34% compared to the previous quarter thanks to AI boom. Besides, the sales climbed by 23.31% and operating profit by 1,452.24% compared to the same period last year.

The company expects sales of 74 trillion won and operating profit of 10.4 trillion won on a consolidated basis. While these results are not final, there won’t be much change in the final result when it comes out. Samsung had a pretty profitable period in the second quarter.

Samsung in Q2

  • Consolidated Sales: Approximately 74 trillion Korean won
  • Consolidated Operating Profit: Approximately 10.4 trillion Korean won

The Korean tech giant is currently facing yield issues in its second-generation 3nm process. The flagship Exynos processor is unlikely to be commercialized this year. It would lead the Mobile business to face additional burdens due to rising prices of Snapdragon chipsets.

Meanwhile, Samsung is focussing on HBM (high bandwidth memory) semiconductors. HBM is a key player in artificial intelligence servers and data centers. The booming AI market will directly benefit Samsung’s semiconductor business.

Continue Reading

Business

Samsung leads Q3 smartphone market, Huawei’s entry haunts Apple

Published

on

Samsung Galaxy S23 Ultra Z Fold 4 Beige

Samsung ranked first in market share in the global smartphone market in Q3, 2023. TrendForce report says that Samsung led the global Q3 smartphone market, recording a market share of 19.5%.

Overall production in the third quarter increased by 11.5% compared to the previous quarter to 60.1 million units. During the same period, Apple’s production increased by 17.9% to 49.5 million, thanks to iPhone 15.

Follow our socials → Google NewsTelegramX/TwitterFacebook | WhatsApp

Third place was taken by Xiaomi (13.9%), followed by Oppo (12.6%) and Transion (8.6%). 6th place is Vivo (8%). Meanwhile, global smartphone production reached 308 million units, a 13% increase compared to the previous quarter and a 6.4% increase from the previous year.

Huawei’s re-entry into the flagship smartphone market targeting Apple has had a significant impact in China. Huawei is aiming to expand its high-end flagship series, focusing on the Chinese domestic market next year, so Apple “We plan to attack directly”.

Samsung Q3 2023 Smartphone Market TrendForce

// Source

Continue Reading

Business

Underdog phone brand jumped 50%, Samsung and Apple lost ground

Published

on

Samsung 55th shareholders meeting

In Q3 2023, Samsung and Apple’s market share slightly declined, while an underdog Chinese phone brand appeared on the top 5 chart. In a recent development, Canalys published market research data for the third quarter, revealing Tanssion as the fifth best-seller globally.

According to the info, Samsung and Apple lead total sales with 20% and 17% market share, yet both have fallen from their 22% and 18% levels in 2022. However, Tanssion, the maker of Tecno, Itel, and Infinix phones, climbed from 6% global market share last year to 9% in 2023, a 50% jump.

Follow our socials → Google NewsTelegramX/TwitterFacebook | WhatsApp

Apart from this, Xiaomi matched last year’s share only by “recovering” from a terrible first half of 2023. At the same time, OPPO has fallen steadily over the past two years, while fellow BBK brand vivo lost the top-5 slot it’s owned for years.

Overall, the global smartphone market underwent a slight drop of 1% in Q3 2023. Bolstered by regional recoveries and new product upgrade demand, the smartphone market recorded a double-digit sequential growth in Q3, ahead of the sales seasons.

Source

Continue Reading