{"id":107039,"date":"2020-10-29T10:38:14","date_gmt":"2020-10-29T10:38:14","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=300440"},"modified":"2020-10-29T10:38:14","modified_gmt":"2020-10-29T10:38:14","slug":"devices-chips-power-samsung-to-earnings-high","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/10\/29\/devices-chips-power-samsung-to-earnings-high\/","title":{"rendered":"Devices, chips power Samsung to earnings high"},"content":{"rendered":"

<\/p>\n

\tSamsung Electronics hailed its handling of the Covid-19 (coronavirus) situation, as gains in the mobile and semiconductor sectors contributed to its highest-ever quarterly revenue.<\/p>\n

On an earnings call, EVP of Investor Relations Ben Suh noted the pandemic continued to impact operations during Q3, resulting in \u201cdifficult to predict market conditions\u201d.<\/p>\n

The company exceeded \u201cmarket expectations\u201d said Suh, noting \u201cdemand for consumer products was much stronger than expected\u201d. Canny management of its global supply chain was also a \u201ckey factor for the significant increase in sales\u201d, along with recovery \u201cin component demand in the mobile segment\u201d.<\/p>\n

Operating profit for its IM division (comprising the IT and Mobile Communications units) grew from KRW2.9 trillion ($2.6 billion) in Q3 2019 to KRW4.45 trillion, on revenue of KRW30.49 trillion, up 4 per cent.<\/p>\n

The company pointed to strong smartphone sales as a factor in the unit\u2019s growth, citing its flagship Note20 and Z Fold2 models, \u201ca recovery in demand for mass-market\u201d units, and stronger tablet and wearables sales.<\/p>\n

But it noted its networks business was impacted by Covid-19, which delayed some projects in its home market, albeit it enjoyed success in the US [1] through Verizon, its \u201clargest\u201d 5G deal to date.<\/p>\n

Semiconductor sales grew 7 per cent to KRW18.8 trillion, of which KRW14.3 trillion came from memory chips, an 8 per cent rise.<\/p>\n

Display panel turnover fell 21 per cent to KRW7.3 trillion, with the Device Solutions unit as a whole registering a 3 per cent increase to KRW25.9 trillion and operating profit of KRW6 trillion, up 42.4 per cent.<\/p>\n

Net profit of KRW9.27 trillion was notably up on the KRW6.11 trillion in Q3 2019, with revenue rising from KRW62 trillion to KRW66.96 trillion.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/samsung-secures-7b-network-deal-with-verizon<\/p>\n\n

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Samsung Electronics hailed its handling of the Covid-19 (coronavirus) situation, as gains in the mobile …<\/p>\n

The post Devices, chips power Samsung to earnings high<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":474,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Devices, chips power Samsung to earnings high - ITTeacherITFreelance.hk","description":"Samsung Electronics hailed its handling of the Covid-19 (coronavirus) situation, as gains in the mobile ... The post Devices, chips power Samsung to earnings hi"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/107039"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/474"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=107039"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/107039\/revisions"}],"predecessor-version":[{"id":107040,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/107039\/revisions\/107040"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=107039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=107039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=107039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}