Home / Uncategorized / Samsung posts record profit as chip business grows in the first-quarter report of 2018

Samsung posts record profit as chip business grows in the first-quarter report of 2018


Samsung has simply posted its working revenue incomes for the primary quarter of 2018. Samsung’s reminiscence chip enterprise confirmed a big progress within the first quarter because the South Korean tech large mentioned it recorded 11.7 trillion received ($10.eight billion) in January-March internet revenue, up by 52% from 7.7 trillion received a year earlier.

Although, 8 million Samsung Galaxy S9 and S9+ items bought within the first month, but the corporate warned of more durable occasions forward within the cell market — together with a slowdown in demand for its latest flagships, the Galaxy S9 and S9 Plus.

As well as, Samsung has reported a 20 p.c leap in income and a 58 p.c rise in working earnings because it benefited from robust demand for its reminiscence chips, that are utilized in every thing from telephones to servers.

Samsung is greatest often known as the world’s largest telephone, TV and reminiscence chip maker than some other firm on the planet. That has boosted Samsung’s outcomes even because the TV market stagnates and the cell market matures. Final 12 months, Samsung became the world’s biggest semiconductor maker by way of income, beating out the long-term chief Intel.

Moreover, Samsung forecast that the reminiscence chip enterprise will probably keep robust, however rising general earnings will probably be a problem given the weak point in its show enterprise and decrease earnings within the cell enterprise

In the meantime, Samsung has additionally famous in its first-quarter earnings announcement that the show panel section earnings have been “affected by the sluggish demand for versatile OLED panels.” For the second-quarter, the corporate predicted the identical weak point to persist and mentioned it might do cost-cutting and enhance effectivity.

Picture Supply: Cnet

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