Monday, 24 September, 2018

Samsung hits record quarterly profit on back of semiconductor business

Visitors test Samsung Electronics Co.'s Galaxy S8 smartphones at a company shop in Seoul Visitors test Samsung Electronics Co.'s Galaxy S8 smartphones at a company shop in Seoul
Derrick Tucker | 27 July, 2017, 18:23

The South Korean tech giant said its earnings blew past its previous record quarterly net profit of 8.24 trillion won - jumping to 11.05 trillion South Korean won ($9.9 billion) for the three months ended June 30, an 89% rise from 5.85 trillion won for the same period a year earlier. - which came almost four years ago as booming smartphone sales drove growth said The Journal.

Net profit increased to KRW 11.05 trillion from KRW 5.85 trillion a year ago, as sales rose 20 percent to KRW 61.00 trillion.

On an annual basis, Samsung's semiconductor division is widely expected to overtake Intel's sales this year, analysts at brokerages and market research firms say.

Intel had Q1 chip sales of $14.8 billion. That demand, coupled with a tight supply, has seen the price of memory chips shoot up over the a year ago, bringing an unprecedented level of profitability to suppliers such as Samsung.

The company has also seen lower sales of its mid-range phones but a refresh of its Galaxy J series should be able to renew demand in the sector.

Swiss police issue worldwide arrest warrant for chainsaw attacker
Swiss Public Television SRF tweeted a series of past photos of the suspect that offer a better clue of what the man looks like. Prosecutor Peter Sticher said Wrousis has two previous convictions for offenses against weapons laws, one from 2014 and 2016.

Michelle Pfeiffer to Star in Ant-Man and the Wasp
Michael Douglas , Michael Peña and David Dastmalchian are also back, with Peyton Reed returning to the director's chair. The new official poster came as a bit of a surprise following the Marvel Studios panel, and a welcomed one at that.

Stranger Things official season 2 trailer from SDCC 2017 has arrived
The finale cut to credits just as the massacre was getting started, but this trailer promises we'll see a lot more . The trailer shows that Will Byers, who went missing in the first season, continues to be haunted by the experience.

"The S8 has indeed helped get Samsung back onto its feet, hopefully putting the Note7 debacle behind it", Bryan Ma, a technology industry analyst at IDC, said before the announcement.

"Greater use of smartphones and tablet PCs instead of computers is driving the rise of companies like Samsung", Chung said.

Tight supplies coupled with rock solid demand have pushed prices of memory chips higher, with average selling prices of DRAMs and flash memory chips doubling over the past year, bringing South Korea's memory chip makers record wide profit margins.

The company released its financials for Q2 today and the company earned $54.8 billion total with $12.6 billion in profit. Although the profit falls short of the operating profit of 4.3 trillion won a year earlier, this is a significant recovery after plunging to 100 billion won in the third quarter of last year due to discontinued sales of the Note 7 in October. Samsung has said it plans to spend $18 billion in the next four years to expand memory chip production capacity at its South Korean plants.

Recommended

  • Barbara Sinatra Dies At Age 90

    Barbara Sinatra Dies At Age 90

    More than 20,000 children have benefited from therapy at the Barbara Sinatra Center, according to a spokesperson for the center. Shortly after her move, she married Robert Oliver , but they divorced, and she then married Zeppo Marx in 1959.
    With Clayton Geathers Sidelined, It's Time for TJ Green To Step Up

    With Clayton Geathers Sidelined, It's Time for TJ Green To Step Up

    Elway insisted since the club approached him last October about a new deal that he wasn't going anywhere. Luck had surgery to fix a partially torn labrum in his right shoulder and only began throwing last week.

    New 'Game of Thrones' trailer leaks before San Diego Comic-Con panel

    The trailer appeared to show Daenerys (Emilia Clarke) approaching the witch Melisandre (Carice van Houten) for counsel. Once again, the cast and crew of HBO's Game of Thrones are taking the Hall H stage Comic-Con International.
  • Motorola Moto Z2 Force With VoLTE Support and ShatterShield Display Announced

    Motorola Moto Z2 Force With VoLTE Support and ShatterShield Display Announced

    It is compatible with the line of add-ons, called Moto Mods , that came out starting a year ago with the original Moto Z . With the Mod, you can record 4K video in 360 degrees and live stream through "social channels", according to Motorola.
    Microsoft Paint to Stay After Internet Has Massive Freakout

    Microsoft Paint to Stay After Internet Has Massive Freakout

    The Redmond tech giant gave the cold status of "deprecated" to MS Paint, which received some major wistful reporting yesterday . Microsoft has just sent out an official statement explaining that the MS Paint will not be discontinued right away.
    Your Roomba's Map of Your House Could Soon Be For Sale

    Your Roomba's Map of Your House Could Soon Be For Sale

    What do you think of iRobot's plans? It's this mapped data that iRobot is now looking to monetize. Angle insists to Reuters that the company would not sell information with customer permission.
  • Arab states present new list of Qatar-linked terrorists

    Arab states present new list of Qatar-linked terrorists

    The four Arab nations closed their borders to the Qatari people and are deporting Qatari citizens from their countries. Foreign diplomats have visited the region, urging dialogue to resolve the crisis that is now in its second month.
    Couple Doses Newborn With Drugs At Hospital To Hide Infant's Addiction Withdrawal

    Couple Doses Newborn With Drugs At Hospital To Hide Infant's Addiction Withdrawal

    The child tested positive for methamphetamine, heroin and morphine, the Utah County Sheriff's department revealed in a statement. The father didn't want to separate the boy from his siblings, so he took the other children into his custody as well.
    Teenage German girl captured during Iraqi liberation of Mosul

    Teenage German girl captured during Iraqi liberation of Mosul

    Initial reports suggested there were five women from Germany who had been detained in Mosul days after it was reclaimed from IS. The nine-month battle to liberate Mosul from control of Islamic State is a symbolic turning point in Iraq's recent history.
  • Draymond Green Is Being Sued For Alleged Assault And Battery

    Draymond Green Is Being Sued For Alleged Assault And Battery

    Green was arrested for allegedly slapping Edmondson and faced a $500 fine and up to 90 days in jail if found guilty. The lawsuit allegedly is tied to a July altercation with a Michigan State football player, according to Marc J.
    Not 100% Sure Whether 39 Indians Dead Or Alive, Iraqi Foreign Minister

    Not 100% Sure Whether 39 Indians Dead Or Alive, Iraqi Foreign Minister

    Baghdad on Sunday said that in a high-level coordination with New Delhi efforts are being made to trace the 39 missing Indians. He said Singh's information, that the Indians were lodged in the jail, was based on inputs gathered before its demolition.
    Jaysh al-Islam Leader Confirms Agreement on De-Escalation in Eastern Ghouta

    Jaysh al-Islam Leader Confirms Agreement on De-Escalation in Eastern Ghouta

    That ceasefire covered areas of southern Syria including Ghouta and was brokered by Russian Federation , the U.S. and Jordan. It comes after the U.S., Russian Federation and Jordan reached a ceasefire and de-escalation agreement for South-West Syria.

Twitter Explodes With Memes After Hillary Clinton Announces Election Memoir 'What Happened' Twitter Explodes With Memes After Hillary Clinton Announces Election Memoir 'What Happened' Publisher Simon & Schuster says that Clinton's book will detail her loss with "unprecedented candor". An insider told The Hill that the book will also include a "bombshell" about the election.

Father arrested after abandoning newborn in Suisun City strip mall Father arrested after abandoning newborn in Suisun City strip mall Cooper said he walked to his window and saw a auto seat in the middle of the parking lot - which was bustling with vehicles. As for the baby's mother, police are questioning her to see if she was in on the plan to abandon the child.

Toyota in "production engineering" for a solid state battery, WSJ says Toyota in The crossover will be re-engineered to accommodate an electric motor and a battery pack, located somewhere under the floor. Toyota wants to reduce the charging time down to the time spent for reloading an internal combustion engine vehicle.

Hospital says it would like Charlie Gard to go home if practical Hospital says it would like Charlie Gard to go home if practical Very few people who develop the condition in infancy survive to their teenage years, and there is now no known treatment for it. Michio Hirano, a neurology expert at New York's Columbia Medical Center and from the Vatican's Babino Gesu pediatric hospital.

Lyft's "Taco Mode" Brings Riders to Closest Taco Bell Lyft's They have complained for years on ridesharing forums that "drunk idiot" customers "treat (their) vehicle like a trash can". Taco Bell is launching a new feature to cater to one of its more important demographics: drunk customers.

Donald Trump Blocks Chrissy Teigen on Twitter Over This Post Donald Trump Blocks Chrissy Teigen on Twitter Over This Post On Tuesday morning, Teigen said Trump blocked her on Twitter , and she claims it's all because she told him no one likes him. I can't believe somebody could actually do this all day, every day, and still be president.

Over 30 feared trapped after building collapses in Ghatkopar His wife and son escaped as they had gone to a temple.2.46pm: "My sister, brother-in-law and their one-year-old son lived here". The fact that the nursing home on the ground floor was not in operation may have also saved several lives.

Wounded In Apparent Chainsaw Attack In Switzerland Wounded In Apparent Chainsaw Attack In Switzerland According to local media reports , the male suspect was described being as 6ft 2 inch tall, bald and with an unkempt appearance. Local police told a press briefing that the suspect was still at large. "They said to send everyone out and close the door".

HDFC Bank awaits farm loan waiver details after higher first-quarter provisions HDFC Bank awaits farm loan waiver details after higher first-quarter provisions This was higher compared to other income of Rs 2,806.60 crore which has 25.3% of net revenue in Q1FY17. HDFC said its asset quality worsened primarily due to increase in non-performing assets.

Sri Lankan Navy rescues two drowning elephants Sri Lankan Navy rescues two drowning elephants Neither of the animals were harmed in the rescue mission, according to an official statement from the Sri Lanka navy. Sri Lanka Navy today came to the rescue of two more elephants that were swept out to the sea.

Mandela book violates sanctity of doctor/patient relationship Mandela book violates sanctity of doctor/patient relationship The publisher said that, out of respect, for the Mandela family, no further copies of the biography would be issued, EWN reports. He said the SA National Defence Force's (SANDF) policy on patient-doctor confidentiality was in force.

Orlando gas prices jump in middle of summer-travel season Orlando gas prices jump in middle of summer-travel season Petro-Logistics, a company that tracks OPEC's supply and output, forecasts OPEC production to grow by 145,000 barrels per day. GasBuddy's latest figures for Lancaster County continue the recent trend of moderately rising prices.

Cowboys' Lucky Whitehead arrested, warrant issued for shoplifting Cowboys' Lucky Whitehead arrested, warrant issued for shoplifting The 25-year-old wideout told reporters after Monday morning's walkthrough that he wasn't aware of the warrant out for his arrest . They said the alleged shoplifting incident happened hours before Whitehead's flight from Dallas to Washington, D.C., departed.

PGA pro breaks record for lowest round in British Open masterpiece They include arguably the best round yet played, Johnny Miller's 63 to win at the barbaric Oakmont in the 1973 U.S. I was just trying to play the round without a bogey and make another birdie at the last.

Protesters shut down Minneapolis mayor's press conference Protesters shut down Minneapolis mayor's press conference Replacing Harteau as chief for the time being is Medaria Arradondo , the mayor's pick for the city's next top cop . The officer who shot Castile, Jeronimo Yanez, was recently acquitted on charges of second-degree manslaughter.