0
Wireless

Samsung confirms sharp drop in Q3 profit

Thursday 30 October 2014 | 08:21 CET | News
Samsung Electronics confirmed a drop in third-quarter sales to KRW 47.45 trillion from KRW 59.08 trillion a year ago. Operating profit more than halved to KRW 4.06 trillion, and net profit fell to KRW 4.22 trillion from KRW 8.24 trillion in the same period of 2013. As warned earlier by the company, the weak results were due mainly to competitive pressure on its mobile phones business. The mobile division recorded sales of KRW 24.58 trillion, down from KRW 36.57 trillion a year ago and 14 percent less than in the second quarter. Operating profit from the activities plunged to KRW 1.75 trillion

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Samsung
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Samsung estimates 79.8% profit growth in Q3

Published 07 Oct 2015 09:35 CET | Korea, Republic of
South Korean electronics producer Samsung expects its third quarter operating profit to grow be nearly 79.8 percent year-on-year, ...

Samsung plans 3-sided display for next Galaxy - report

Published 11 Feb 2015 16:10 CET | World
Samsung Electronics plans to release two new versions of its top-tier Galaxy smartphone next month, including a model with a ...

Samsung hint op 30-50% hoger dividend

Published 22 Dec 2014 08:32 CET | World
Samsung laat weten dat het 'serieus overweegt' om het jaarlijkse dividend met 30 tot 50 procent te verhogen. Dat meldt de ...

Samsung to offer fewer new phones in 2015

Published 18 Nov 2014 09:08 CET | World
Samsung Electronics plans to reduce the number of smartphone models it offers next year, part of a move to cut costs to combat ...

M-Go, Samsung launch first US UHD transactional VOD service

Published 12 Nov 2014 22:17 CET | World
Samsung Electronics America and M-Go, a digital video on demand (VOD) service and joint venture between Technicolor and ...

SK Broadband's Q3 revenue grows 6.9%

Published 31 Oct 2014 09:43 CET | Korea, Republic of
South Korean internet services provider SK Broadband, part of SK Telecom group, saw its revenue for third quarter reach KRW 679 ...

Samsung partners with Girls Who Code on mobile app challenge

Published 30 Oct 2014 14:17 CET | United States
Women hold less than 25 percent of jobs in the fields of science, technology, engineering and math (STEM). To help bridge this ...

Samsung Q3 revenues, profit hit hard by competition

Published 07 Oct 2014 09:11 CET | World
Samsung said it expects third quarter revenues to go lower than expected and reach KRW 46-48 trillion and the operating profit ...

Samsung to build new USD 15 bln chip plant

Published 06 Oct 2014 10:08 CET | World
Samsung will invest KRW 15.6 trillion (USD 14.7 billion) into the a new cutting-edge chip manufacturing plant in South Korea, the ...

Samsung hopes for better H2 after drop in Q2 results

Published 31 Jul 2014 09:04 CET | World
Samsung Electronics reported a drop in second-quarter results, hurt by the slowdown in the tablet market, costs for launch of its ...





Telefonica Deutschland's share of mobile Sims drops to 37%
Germany  |  2018 Q3

Calendar   /   Industry Events

19 Feb Sequans Q4 2018
19 Feb Blancco Technology fiscal Q2
19 Feb Sky NZ interim results
19 Feb Spark fiscal H1
19 Feb Vodafone Institute Digitising Europe Summit
19 Feb Commonwealth HR&ICT
20 Feb Magyar Telekom Q4 2018
20 Feb Telefonica Deutschland Q4 2018
20 Feb Telefonica Brasil Q4 218
20 Feb TIM Participacoes Q4 2018
20 Feb Turkcell Q4 2018
20 Feb Analog Devices fiscal Q1
20 Feb Orange Polska Q4 2018
20 Feb Ceragon Q4 2018
20 Feb Lenovo fiscal Q3
20 Feb Liberty Latin America Q4 2018
20 Feb Intelsat Q4 2018
20 Feb Samsung Galaxy press conference
21 Feb CyrusOne Q4 2018
21 Feb TIM Q4 2018
21 Feb Windstream Q4 2018
21 Feb Infinera Q4 2018
21 Feb Gogo Q4 2018
21 Feb OTE Q4 2018
21 Feb Altice USA Q4 2018
21 Feb EchoStar Q4 2018
21 Feb Cogent Communications Q4 2018
21 Feb Interdigital Q4 2018
21 Feb Consolidated Communications Q4 2018
21 Feb SBA Communications Q4 2018
::: More Calendar Items