Samsung sees rise in 2008 digital media sales
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Samsung Electronics  said on Tuesday it is targeting a 15 percent rise to 30 trillion won ($32 billion) in global sales of digital media this year from 2007 through steady growth in TV, printers and computers.
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With CES 2008 now just around the corner, Samsung today injected more fuel into a legal battle already revving up among some of the top global players in LCDs and other TV and computer display screens.
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Samsung is going to increase its 7th generation LCD production line and will pay with its own cash reserves. Samsung says that this will help them to meet demand for large size TVs and computer monitors.
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(InfoWorld) - Samsung Electronics saw a sharp fall in operating profits during the three months from April to June due to theÂ weak marketÂ for computer memory chips. Prices of the chips, which are used for the main memory in personal computers, fell because supply exceeded demand. That hit Samsung because it's one of the world's largest makers of DRAM (dynamic RAM) chips. The company said operating profit was 910 billion won ($985 million) as of the last day of the period being reported), which is down from 1.4 trillion won ($1.5 billion) in the second quarter of 2006. Net profit, which is a wider measure of profitability and includes subsidiaries and non-core operations, was down slightly at 1.42 trillion won from 1.5 trillion won a year earlier. Net sales were up 4 percent to 14.6 trillion won. "Despite the dire business environment, such as the precipitous fall of DRAM (dynamic RAM) prices and seasonality, we have posted a decent result in Q2," said Chu Woosik, head of investor relations at Samsung, in a conference call with analysts. Profits at Samsung's semiconductor unit dropped by two-thirds as a result of the weak DRAM market. The good news, said Chu, is that the DRAM market is already starting to show signs of a turn-around, thanks to interest in Windows Vista PCs, which require more memory. During the remainder of the year the market for DRAM chips is expected to be strong, he said. Strong demand for Apple's iPhone and competing handsets are alsoÂ expected to keep up pricesÂ and profits for NAND flash memory, which is Samsung's other major memory chip product, strong. Chu said Samsung is in talks with several consumer electronics companies about supplying chips for as-yet-unannounced portable media players with video. Samsung's cellphone handset business was one of the brightest spots in the results. The company shipped a record 37.4 million phones in the quarter thanks to the popularity of its thin "Ultra" edition handsets. The second quarter was the fourth consecutive quarter in which Samsung reported record sales. As a result Samsung said it now expects to ship more than 150 million phones this year, up from its previous target of 133 million. The LCD (liquid crystal display) business enjoyed brisk business and Samsung shipped a record 2 million displays in the 40-inch and above class. Sales rose by 17 percent and operating profits surged 290 percent. Looking ahead, Chu said Samsung expects the remainder of the year to be strong for the company. "We are very optimistic about the second half," he said. "We are expecting all of our major business units to experience very high levels of demand and recovery starting from Q3. As a result of such an improvement coupled with our vigorous attempts to reduce cost, we are hoping to see significant improvements in the bottom line in Q3. We expect this nice recovery to last throughout the rest of the year." Â
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The Consumer Electronics Association predicts solid growth in gadget sales this year.
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Growth in U.S. consumer electronics sales is likely to slow in 2008 but still come in at 6.1 percent, fueled by strong demand for products like televisions and personal audio devices, an industry trade group said on Monday.
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LONDON (CBS.MW) - Growth in global chip sales is likely to halve in 2005, Samsung Electronics said on Monday, according to reports.
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South Korean IT giant Samsung posts a huge rise in full year profits and predicts price squeezes will ease, sending its shares up 6%.
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A consumer electronics industry group predicted Monday that consumers will buy more gadgets in 2008, despite fears of a recession.
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U.S. consumer electronics sales will  grow by 8.1 percent this year, sharply ahead of previous  forecasts and more than three times 2003 levels, an industry  trade group said on Monday.
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Korean chipmaker expects global sales will halve next year; sales growth could be in single digit. SEOUL  - Growth in global semiconductor sales will probably halve next year and memory chip sales
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Samsung Electronics Co. remains optimistic about its handset sales business in 2008 and is not interested in Motorola's mobile unit, a top Samsung executive said Tuesday.
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Major consumer electronics producer Samsung is expected to show off a prototype 31-inch active matrix OLED, and to begin producing 14-inch displays in 2008.
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Sales of media on the Internet and on  cell phones are expected to rise 23 percent over the next four  years, driven by TV networks and film studios putting more of  content online, according to a new IBM  study.
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U.S. telephone carrier customers of Samsung Electronics saw slowing sales of cell phones towards the end of the 2007 holiday shopping period, which was a strong sales period for Samsung, a top executive for the phone maker said on Sunday.
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Korea's Samsung Electronics   hopes to have a phone based on Google's   Android mobile phone software platform by early next year, it  said at the Mobile World Congress on Monday.
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Sales of portable MP3 digital-audio players are booming and are set to generate US&#36;58 billion in revenue worldwide by 2008, according to a new study from research firm IDC.