Samsung posts $13.3 billion in operating profit for April – June 2018
Samsung Electronics has reported $13.3 billion in operating profit for the April-June 2018 quarter and posted consolidated net profit of $9.85 billion for the said quarter. The company’s revenue fell by 4 per cent to $52.2 billion on an year-on-year (YoY) basis.
The chip business continued to deliver strong earnings, driven by demand for DRAM chips used in data centres and NAND flash memory for high-capacity storage, amid a softening of NAND prices.
In the display business, the company saw weak demand for flexible OLED panels and a fall in the prices and shipment of LCD panels during the April- June 2018 quarter.
Samsung reported a drop in earnings in its smartphone business, both year-on-year and quarter-on-quarter, primarily due to slow sales of the Galaxy S9 and S9+ premium smartphones.
The network business, however, achieved solid growth led by investments in LTE networks by key global customers.
Further, Samsung led the expansion of the premium TV market and has secured more than 50 per cent market share in the ultra-large screen segment of 75-inches and above.
- Most Viewed
- Most Rated
- Most Shared
- Related Articles
- Rush for Funds - 3G and BWA auctions spur the demand for finance
- MTNL posts its results for the first quarter of financial year 2012-2013
- Margins Under Pressure - Bharti and Idea announce fourth quarter results
- Financial briefs of March 2011
- Sterlite Technologies announces results for fiscal year 2010-11
- Sify Technologies Limited reports third quarter results for 2010-11
- RCOM posts consolidated net profit of Rs 1.02 billion for the quarter ended September 2012
- Spice Mobility Limited plans to transfer 47 million shares to two independent non-promoter trusts
- Spice Group plans to raise $ 1 billion through overseas listing of Spice Global
- GTL Limited reports 26 per cent fall in profit for the quarter ended December 2010
No Most Rated articles exists!!