Samsung today announced its financial result for the full 2017 and Q4 2017 ending on December 31, 2017. According to Samsung, they posted a consolidated revenue of 65.98 trillion won and an operating profit of 15.15 trillion won for the fourth quarter of 2017. If we talk about the full year, Samsung recorded 239.58 trillion […]
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Samsung loses lawsuit against Huawei in China
Shenzhen Intermediate People’s Court has found Samsung guilty of infringing patents held by Huawei. The court has rapped Samsung for delaying negotiations deliberately and has asked the Korean giant to stop infringing on Huawei’s two 4G standard-related patents. Samsung’s legal tussle with Huawei has been ongoing since May 2016 when Huawei first sued Samsung for […]
Samsung Earnings Guidance for Q4 2017
Just like every quarter, Samsung has released earnings guidance for the last quarter ending December 2017. According to the figures based on K-IFRS, Samsung says consolidated sales will be around 66 trillion won while the operating profit is said to be around 15.1 trillion won. As far as full-year estimates go, Samsung expects consolidated sales […]
Samsung posts Q3 2017 financial result
As expected, Samsung has released its Q3 2017 result that ended on September 30, 2017. The Korean giant recorded a revenue of 62.05 trillion Korean won, an increase of 14.23 trillion Korean won YoY while operating profit for the quarter stood at 14.53 trillion Korean won, an increase of 9.33 trillion Korean won YoY. The […]
OH Kwon to step down as Samsung Electronics CEO
Hot on the heels of Samsung announcing earnings guidance for the last quarter, Samsung Electronics also confirmed that its co-CEO OH Kwon has resigned from his position where he was heading the Device Solutions Business. Kwon will also resign as the CEO of Samsung Display and will not seek re-election as a member of the […]