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Samsung Electronics mulls major acquisitions in coming years
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Samsung Electronics mulls major acquisitions in coming years
koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Samsung Sounds Note of Caution as Profit Tops Estimates Bloomberg 3 hrs ago © Bloomberg Inside Samsung Electronics Digital Plaza Store Ahead of 4th Quarter Figures
(Bloomberg) Samsung Electronics Co. beat analyst estimates for profit in the first quarter, but warned of continued fallout from semiconductor shortages as the global economy recovers from the Covid-19 pandemic.
South Korea’s largest company reported net income of 7.1 trillion won ($6.4 billion) for the three months ended March, beating the 6.7 trillion won average of estimates compiled by Bloomberg. Revenue rose 18% for the period.
The Suwon-based conglomerate has been riding a boom in stay-at-home demand for smartphones, PCs, home appliances and cloud services. But Samsung lost out on chip sales when a factory in Austin, Texas, was knocked offline, exacerbating shortages that have hit companies around the world. Just before the company’s results, major automakers Ford Motor Co. and BMW AG warned of deep
Samsung cautious, despite earnings beating estimates
CHALLENGES: The firm expects earnings at its mobile division to slip due to weak demand for flagship models and component shortages
Bloomberg
Samsung Electronics Co beat analysts’ profit estimates for the first quarter, but warned of a continued fallout from semiconductor shortages as the global economy recovers from the COVID-19 pandemic.
South Korea’s largest company reported a net profit of 7.1 trillion won (US$6.4 billion) for the three months ended March, beating the 6.7 trillion won average of estimates compiled by Bloomberg. Revenue rose 18 percent for the period.
The Suwon-based conglomerate has been riding a boom in stay-at-home demand for smartphones, PCs, home appliances and cloud services. However, Samsung lost out on chip sales when a factory in Austin, Texas, was knocked offline, exacerbating shortages that have hit companies around the world.
Samsung profit tops analyst estimates
Bloomberg29 April 2021
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Samsung Electronics Co beat analyst estimates for profit in the first quarter, but warned of continued fallout from semiconductor shortages as the global economy recovers from the Covid-19 pandemic.
South Korea’s largest company reported net income of 7.1 trillion won ($6.4 billion) for the three months ended March, beating the 6.7 trillion won average of estimates compiled by Bloomberg. Revenue rose 18% for the period.
The Suwon-based conglomerate has been riding a boom in stay-at-home demand for smartphones, PCs, home appliances and cloud services. But Samsung lost out on chip sales when a factory in Austin, Texas, was knocked offline, exacerbating shortages that have hit companies around the world.
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