Samsung remains to be snagging document income, regardless of slowdown in smartphone gross sales.
Sarah Tew/CNET
Samsung actually seems to be cashing in chips.
The South Korea electronics big mentioned Thursday it expects to document its greatest working revenue ever within the third quarter, seemingly thanks largely to continued robust demand for its reminiscence chips. The firm mentioned its working revenue will are available at round 17.5 trillion gained ($15.eight billion), a 20 p.c improve from the year-ago interval.
The firm can be anticipated to document income of 65 trillion gained ($57.three billion), a rise of practically 5 p.c from a 12 months earlier. The steering, launched Thursday forward of full earnings later this month, did not present particular divisional outcomes.
Samsung is greatest referred to as the world’s greatest cellphone and TV maker, however it additionally sells extra reminiscence chips than some other firm on the planet. Last 12 months, Samsung grew to become the world’s greatest semiconductor maker by way of income, beating out the long-term chief Intel.
In a lackluster second quarter, Samsung’s reminiscence enterprise recorded a 33 p.c improve in income, whereas the corporate’s cellular division noticed a decline in income of 22 p.c, nonetheless hurting from a slowdown in demand for its latest telephones.
Samsung’s flagship Galaxy S9 and S9 Plus hit the market on March 16 with higher cameras and improved audio, however they did not fairly fly off the cabinets. In the second quarter — the primary full interval of Galaxy S9 gross sales — Samsung truly misplaced extra market share than some other main handset maker and posted its worst efficiency for the reason that second quarter of 2013.
The firm additionally warned final quarter that “market condition will likely remain challenging in the second half amid pricing competition and new product launches.”
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