Samsung reports profitable quarter but warns of weaker outlook

Business Oct 29, 2020

Samsung reports profitable quarter but warns of weaker outlook

Samsung Electronics Co. warned earnings in the current quarter will decline, saying the strong growth in its mobile and memory business that helped third-quarter profits will ease amid intensifying competition and weakening demand. The world’s largest maker of memory chips and personal electronics said net ...

Samsung estimates 2.7% rise in first-quarter operating profit

Business / Corporate Apr 7, 2020

Samsung estimates 2.7% rise in first-quarter operating profit

Samsung Electronics' operating profits inched up 2.7 percent in the first quarter, the world's biggest manufacturer of smartphones and memory chips estimated Tuesday. Operating profit during the January-March period was expected to be around 6.4 trillion won (¥570 billion; $5.2 billion), up 2.7 percent from ...

Samsung to invest $11 billion in next-generation displays

Business / Corporate Oct 10, 2019

Samsung to invest $11 billion in next-generation displays

Samsung Display Co. plans to spend 13.1 trillion won ($11 billion) developing and building next-generation displays, responding to a flood of supply and price pressure from fast-moving Chinese rivals. In an announcement event attended by South Korean President Moon Jae-in and Samsung Electronics Co. Vice-Chairman ...