The shock warning has added to concerns about the broader tech sector after Apple's sales forecast sent shudders through world markets
3 min read8 Jan 2019Samsung Electronics on Tuesday reported a 0.1% dip in its second quarter net profit from a year earlier, blaming slower global sales of premium smartphones that dented demand for its flagship Galaxy device. Net profit for the April to June period came in at 11.04 trillion won ($9.9 billion), slightly lower than the 11.05 trillion won in the same period in 2017, the company said in a regulatory filing. An average of estimates compiled by Bloomberg News had forecast 11.6 trillion won for the period. Operating profit was 14.87 trillion won, up 5.7% and in line with the estimate of 14.8 trillion won suggested in a preliminary guidance report released earlier this month. But total sales fell 4.1% year-on-year to 58.48 trillion won, with the company's consumer electronics and mobile businesses suffering.
31 Jul 2018Samsung's investors should keep an eye on the bigger prize: buckets of cash and management's willingness to hand it out
2 min read31 Jan 2018Samsung is currently enjoying a high point in profit, share price and capex. However, savvy investors know history has a habit of repeating itself
2 min read31 Oct 2017Samsung Electronics reported better-than-projected profit on booming demand for displays and memory chips, while its newest smartphones take on Apple
2 min read13 Oct 2017Samsung's net income rose to 6.92 trillion won in the December quarter, largely buoyed by rising prices for memory chips and TV screens
3 min read24 Jan 2017Samsung will likely announce the results of the probe on 23 Januarya day before it announces detailed fourth-quarter earnings results
1 min read16 Jan 2017For the July-September period, Samsung's net income was 4.4 trillion won, down 17% from 5.3 trillion won a year earlier
2 min read27 Oct 2016Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.