January-March, Texas, Samsung, Profit

January-March, Texas

Samsung first-quarter profit likely surged 45per cent on bumper smartphone, appliance sales

Samsung first-quarter profit likely surged 45per cent on bumper smartphone, appliance sales

5/4/2021 2:31:00 AM

Samsung first-quarter profit likely surged 45per cent on bumper smartphone, appliance sales

Samsung Electronics Co Ltd likely saw a 45per cent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, ...

BookmarkSEOUL: Samsung Electronics Co Ltd likely saw a 45per cent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its U.S. plant.

Police investigating woman who allegedly disregarded repeated advice to wear mask at MBS Woman being investigated for not wearing a face mask at Marina Bay Sands 19 new community cases in Singapore, including 8 linked to Changi Airport cluster

Spending more time at home due to the coronavirus pandemic, consumers have splashed out on an array of high-margin consumer electronics which in turn has helped cause a global shortage of semiconductors.AdvertisementAdvertisementOperating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won (US$8.2 billion), according to a Refinitiv SmartEstimate drawn from 16 analysts. SmartEstimates assign more weight to forecasts from consistently accurate analysts.

That would mark Samsung's highest operating income level for the first quarter since 2018. Revenue likely rose 12per cent.Samsung is scheduled to announce preliminary first-quarter results on Wednesday.In particular, its mobile division looks like it had a stand-out quarter, benefiting from the launch of its Galaxy S21 series in mid-January - more than a month ahead of the flagship model's usual annual release schedule. headtopics.com

AdvertisementAdvertisementThe world's largest smartphone maker is estimated to have cornered roughly 23per cent of global market in the quarter, thanks to that launch and cheaper-than-usual pricing for its premium devices, according to Counterpoint Research. The S21, for example, was priced US$200 lower than the S20.

That compares with 20per cent market share in the same quarter a year ago and 16per cent market share in the previous quarter when arch-rival Apple Inc released the iPhone 12.High-margin accessories such as Galaxy Buds did brisk business as well, analysts said. They estimate operating profit for the division likely soared by more than 1 trillion won from a year earlier to about 4.15 trillion won.

Samsung's TV and home appliance business is expected to see operating profit more than double to around 1 trillion won.AdvertisementDespite stratospheric demand worldwide for chips, profits for Samsung's semiconductor division are expected to have fallen by roughly a fifth to 3.6 trillion won.

The division has been hampered by the cost of ramping up new production and losses at its Texas factory after a winter storm halted output in mid-February. Samsung said production at the plant had returned to near-normal levels as of late March.Analysts have estimated the losses related to the Texas factory shutdown at around 300-400 billion won. headtopics.com

UN chief 'deeply disturbed' by Israel strike on Gaza media building Media organisations demand Israel explain destruction of news offices COVID-19: Singapore tightens border measures with Taiwan; Singaporean, PR travellers to serve 21-day stay-home notice

(Reporting by Joyce Lee; Editing by Edwina Gibbs) Read more: CNA »

Wanted: Bengal tiger seen roaming Texas neighbourhood

WASHINGTON — Police in an upscale Texas neighborhood searched Tuesday (May 11) for a fugitive Bengal tiger that was seen roaming on lawns and streets until its apparent owner fled with the animal.

Of course, 26 lives on 45ಥ_ಥ,you lives on 26(눈_눈)

Samsung first-quarter profit likely surged 45% on bumper smartphone, appliance sales Samsung Electronics likely saw a 45 per cent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip ... The last carnival of asiaಥ_ಥ

Samsung Electronics says Q1 profit likely rose 44per cent, matching expectations Samsung Electronics Co Ltd on Wednesday said first-quarter profit likely rose 44per cent, with analysts attributing the surge to brisk sales of ...

Samsung posts 46.3% jump in profit on strong smartphone salesSouth Korean tech giant Samsung Electronics posted a 46.3 percent rise in first-quarter net profits on Thursday, largely driven by robust sales of ...

Samsung Electronics forecasts 44.19% jump in Q1 operating profitSEOUL: South Korean tech giant Samsung Electronics flagged a 44.19 per cent rise in first quarter operating profit on Wednesday (Apr 7), largely ...