Samsung Q2 earns more than two half on Slump Slump

Photo of author

By [email protected]


Samsung headquarters in Mountain View, California, on October 28, 2018.

Smith Group/Gado Photo archive Gety pictures

On Thursday, Samsung Electronics reported a 4.7 trillion Korea, missing expectations, and weighs a 93.8 % profit slope in its chips.

While operating profits in the second quarter of Samsung defeated its expectations of about 4.6 trillion Won, it was a sharp decrease of 10.44 trillion Won recorded in the same period last year.

The South Korean technology giant achieved a quarter -annual revenue of 74.6 trillion Won, a slight increase of 74.07 trillion Won per year before and its 74 trillion Won’s expectations.

Here are the results of Samsung in the second quarter compared to Lseg Smartestimate, which are weighting towards predictions than analysts who are more accurate:

  • profit: 74.6 trillion Won ($ 53.5 billion) compared to 74.43 trillion Won
  • Operating profit: 4.7 trillion Won for 5.33 trillion Won

Samsung shares decreased by up to 1.79 % in early trading.

It is worth noting that the department of its own devices, which includes its memory chip, the design of semiconductor and masculine business units, recorded a 93.8 % decrease in public profit on an annual basis.

Samsung Electronics has recorded a 400 billion -winged profit in the second quarter, with a decrease from 6.45 trillion Won in the same period last year. The revenues of the chips fell to 27.9 trillion Won, from 28.56 trillion Won last year.

The company said in a statement, “The amendments to the value of the inventory in the memory and one -time costs related to the effects of export restrictions on China in other than memory had a negative impact on profit,” the company said in a statement.

Samsung Foundry can receive a batch in the following chapters of A. 16.5 billion dollars contract To provide chips for a major company that was unveiled on Monday.

While Samsung did not reveal the opposite party, the CEO of Tesla El Musk said that he was his American electric vehicle, and that the so -called AI6 would be made in Samsung’s The upcoming Burundian Armed Forces in Taylor, Texas. Musk added that the deal may be greater than it was announced.

Nam Hyung Kim, research partner and stock research analyst in Aryti, told CNBC that the main goal of the Tesla for Samsung can attract other potential customers to its causative work.

“The production costs of Taylor are expected to be much higher than those in Korea,” he said, adding that it is very early to conclude that the deal will improve the position of Samsung against the market leader Taiwan semiconductor manufacturer.

Meanwhile, Samsung deals with increasing competition in its memory work, making the chips used to store data in everything from servers to consumer devices such as smartphones and laptops.

The company fell behind the memory competitor Sk Hynix In high frequency domain memory, or HBM – a type of memory used in artificial smart computing.

A a report From Counterpoint Research earlier this month, SK Hynix found Samsung memory revenues in the second quarter, both competing for the highest center in the global memory market.

In the second half of the year, Samsung said it plans to meet the increasing demand for increased products on high -value -added products and continues to enhance competitiveness in advanced semiconductors.

Consumer devices



https://image.cnbcfm.com/api/v1/image/108179470-1753922208638-gettyimages-1065011358-191112final.jpeg?v=1753922875&w=1920&h=1080

Source link

Leave a Comment