Consumer Electronics Show commonly known as CES is the mecca of consumer electronics showcase at Las Vegas. Every year Samsung had a press conference on the Press Day and a Keynote address as well during the show. However, this time, Samsung has skipped the press conference and will only have a Keynote address delivered on […]
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Samsung Electronics earnings guidance for 3Q 2019 announced
Samsung Electronics announced its 3Q 2019 earnings guidance. The company’s consolidated sales stood at approximately 62 trillion Korean won, whereas approximate consolidated operating profit at 7.7 trillion Korean won. The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply […]
Samsung KX Experience Space is a fusion of local culture and innovation
Samsung inaugurated the Samsung KX experience space at King’s Cross, London. The 20,000 square-foot experience center is Samsung’s vision to bring local culture and its unique innovations together and showcasing it to the global community and London residents. Samsung has lined up free events and workshops for visitors conducted by local educational institutions and experience […]
Samsung Electronics profit declines amid lacklustre smartphone sales and chip demand
Samsung Electronics announced its second-quarter financial results. The company saw a consolidated revenue of KRW 56.13 trillion in the quarter with KRW 6.6 trillion operating profit. The decline in the profit can be attributed to the slowing sales of smartphone and price declines in the memory chip market. However, the Network Business posted good results […]
Samsung publishes Q3 2018 Earnings Guidance
Samsung today released its earnings guidance for the recently concluded third quarter. According to the figured based on K-IFRS, Samsung is expecting the consolidated sales to reach around 65 trillion Korean won with an operating profit of approx. 17.5 trillion Korean won. The numbers are looking slightly better than what Samsung reported in the last […]