Samsung Q1 operating profit jumps 58%

News Wireless Global 6 APR 2018
Samsung Q1 operating profit jumps 58%

Samsung Electronics said it expects its operating profit for the first quarter rose to KRW 15.6 trillion from a reported KRW 9.90 trillion in Q1 2017. Revenues are expected up nearly 19 percent to KRW 60 trillion. 

According to the average estimate from 20 brokers surveyed by Korean news agency Yonhap, the company's operating profit was better than the expected KRW 14.5 trillion. Samsung will release full quarterly results later in the month. 

The strong growth in the seasonally weaker quarter is expected to be driven by continued healthy demand for the company's memory chips as well as the launch in February of the new Galaxy S9 smartphone. 

Categories:

Mobile

Companies:

Samsung

Regions:

Global

Tags:

Components, Devices, Financial figures

Related Articles

GLOBAL 23 MEI 2018

Samsung start in H2 met productie 7-nm chips

Samsung heeft bekend gemaakt dat het in de tweede helft van dit jaar start met de productie van chips op 7-nm. Tegen die tijd verwacht het Zuid-Koreaanse bedrijf gebruik te kunnen gaan maken van 7LPP (7nm Low Power Plus), volgens Samsung de eerste technologie die gebruik gaat maken van EUV, lithografie met extreem ultraviolet licht. De eerste producten op basis van dit procedé worden in de eerste helft van volgend jaar verwacht. 

GLOBAL 17 MEI 2018

Samsung bevestigt gesprekken voor levering chips aan smartphonemakers

Samsung heeft bevestigd dat het in gesprek is met diverse smartphonemakers voor de levering van mobiele chips, schrijft Reuters op basis van uitlatingen van een topman van het Zuid-Koreaanse bedrijf. Hierdoor plaatst Samsung zich direct tegenover Qualcomm, dat momenteel verantwoordelijk is voor het gros van de chips in smartphones. Tot dusver heeft Samsung één klant voor zijn eigen Exynos-processor, namelijk het Chinese Meizu. Naar verwachting zal Samsung in de eerste helft van volgend jaar hiervoor een nie

GLOBAL 26 APR 2018

Samsung Q1 results up strongly, but warns for weaker smartphone demand

Samsung confirmed a strong increase in first-quarter results, with net profit up 52 percent year-on-year to KRW 11.69 trillion. Revenues rose 19.8 percent to KRW 60.56 trillion, led by its semiconductor and smartphones activities, and operating profit improved 58 percent to KRW 15.64 trillion. 

GLOBAL 25 APR 2018

Samsung S9 sales match S8 performance in first quarter - Canalys

Samsung has shipped just over 8 million of its new Galaxy S9 and S9+ smartphones in the first four weeks after launch. This is in line with the previous S8 generation but not as good as the S7 launch in 2016, according to estimates from Canalys. 

GLOBAL 22 MRT 2018

Samsung unveils new Exynos processor for high-end smartphones

Samsung Electronics announced the availability of its latest application processor for high-end smartphones, the Exynos 7 Series 9610. Built on Samsung's 10-nm FinFET process, the chip enables premium features such as deep learning-based image processing and slow motion video recording at 480 frames per second.

GLOBAL 21 MRT 2018

Samsung adds IoT, fingerprint scanning to foundry portfolio

Samsung has added services specialized for IoT and fingerprint scanning devices in its foundry portfolio. Samsung's foundry business focuses on making chips for other companies that do not have a semiconductor plant.

GLOBAL 25 FEB 2018

Samsung unveils new flagship Galaxy S9, S9+ smartphones at MWC

Samsung Electronics unveiled its new flagship Galaxy S9 and S9+ smartphones in Barcelona ahead of the start of Mobile World Congress. The phones offer an upgrade to the camera, storage and speed compared to the S8, including new AR options, and will be slightly more expensive than the previous generation from Samsung.

GLOBAL 31 JAN 2018

Samsung profit jumps in Q4, boosted by strength at chips, high-end phones

The memory business again showed the strongest growth, with sales rising 54 percent to KRW 17.94 trillion. Semiconductor sales advanced 42 percent to KRW 21.11 trillion. Samsung said it benefited from good market conditions, driven by demand for mobile and data centre applications. The supportive market environment is expected to continue into 2018. 

GLOBAL 31 JAN 2018

Samsung announces 50:1 stock split, raises div again

Samsung said it has approved a 50:1 stock split, saying this will make investing in Samsung more accessible and provide dividends to a wider range of investors from 2018. The split is also expected to add both liquidity and marketability to the stock, and contribute to enhancing corporate value in the long term. Samsung also upped its 2017 annual dividend by 46 percent year-on-year to KRW 5.8 trillion. The company earlier announced an annual dividend of KRW 4.8 trillion, up 20 percent from the year before.

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.