Samsung hits record quarterly profit on back of semiconductor business

27 July, 2017, 18:23 | Author: Yolanda Murray
  • With leader jailed, Samsung reports record $9.7 billion profit

Samsung also said its net profit soared 89 percent year-on-year to reach 11 trillion won ($9.88 billion) - a trillion won higher than estimated by Yonhap Infomax.

Samsung said its record-high earnings were mainly buoyed by the booming chip market amid rising demand for storage products.

"The company's strategic model going against Apple Inc's iPhone 8 and Samsung Electronics' Galaxy Note 8 in the second half of 2017 is expected to fall short, making it hard for mobile revenue growth". It said it also expects to see increased orders of memory chips for smartphones with a number of handset manufacturers set to launch new models in the second half of the year.

Indian eves lose WC final by 9 runs against England
Some of the best moments from the ICC Women's World Cup which culminated in a dramatic win for England against India on Sunday. Her match haul of six for 46 was also the best individual return in any Women's World Cup final. "I congratulate the team".

Market kingpin Samsung Electronics gained 0.32 percent, while SK hynix, a major chipmaker, was up 3.89 percent.

The chip unit achieved this performance thanks to strong demand for high-density DRAMs and SSDs for servers in a low-supply environment. Analysts expect the iPhone maker to report revenue of $44.9 billion and an operating profit of $10.5 billion, according to Reuters and Bloomberg data.

The local stock market opened higher on USA gains and a record second-quarter earnings report from Samsung Electronics, the top cap here.

Ford says it will fight latest Takata air bag inflator recall
When the airbag is deployed, it can explode and launch metal shards which have penetrated people's eyes, face, neck, and chest. Toyota said the replacements would be safe for several years because faults only emerged as the airbags aged.

For the full year, Intel is expected to post $60 billion in annual sales, according to a market consensus polled by FactSet, a financial data provider.

In the second quarter, the divisions producing semiconductors and components boosted the company's accounts by jointly achieving 42.83 trillion won in revenue, which is 40.7 per cent more than in the same quarter of 2016.

This month the firm said it will invest 20.4 trillion won by 2021 to expand and upgrade its chip plants in the South Korean cities of Pyeongtaek and Hwaseong.

Ant-Man and the Wasp casts Michelle Pfeiffer and new footage shown
They are Michelle Pfeiffer , Laurence Fishburne , Walton Goggins , Randall Park and Hannah John-Kamen. Yes, Pfeiffer joins the cast as the long-lost Wasp , wife to Michael Douglas's Hank Pym.

Not just tech companies but also transport, retail, tourism, food and other industries are seeking ways to better use or manage data, to gain insights on trends or customer preferences and otherwise make money from "big data". "As these [cloud infrastructure] players grow, they will only need more chips and that helps Samsung".

Recommended:

  • Couple Sues Basketball Star Draymond Green For Alleged Assault, Battery

    Couple Sues Basketball Star Draymond Green For Alleged Assault, Battery

    Green was arrested for the alleged slap and faces a $500 fine and up to 90 days in jail if he is found guilty of the assault. The suit claims that Edmonson and his girlfriend's lives have been "severely impacted" by the incident.
    NASA issues safety tips to view solar eclipse

    NASA issues safety tips to view solar eclipse

    Outside the path of totality, the sky watchers in the continental US and other nearby areas can see the partial solar eclipse. If you get a clear view of the eclipse, remember that there's a wrong way and several right ways to look at the sun.
    Jurgen Klopp

    Jurgen Klopp "had no idea" about new signing Dominic Solanke

    Speaking after completing his move, the 23-year-old defender told Liverpoolfc.com: "It feels a wee bit surreal just now. Liverpool finished in fourth place in the Premier League table last season to secure a return to the Champions League.
  • Swiss chainsaw attacker evades police search

    Swiss chainsaw attacker evades police search

    The border to Germany is located a few miles north of where the attack took place and an global arrest warrant has been issued. They underwent surgery and are recovering, she said. "We are searching for a man whose description is now known".
    Police chief in USA  city quits after fatal shooting

    Police chief in USA city quits after fatal shooting

    Assistant Police Chief Medaria Arradondo says the policy which governs camera use is under review. But investigators located and interviewed a witness they had been seeking, the BCA said.
    People are convinced this person will become Doctor Who's new companion

    People are convinced this person will become Doctor Who's new companion

    The former Doctor Who and Arrow star made an stir at the San Diego festival this week, when he rocked up in a fetching blue dress. He added, "You don't have to be of a gender of someone to be a role model".
  • Donald Trump Blocks Chrissy Teigen on Twitter Over This Post

    Donald Trump Blocks Chrissy Teigen on Twitter Over This Post

    Recently, she changed her Twitter bio to " high-quality person " to mock Trump after he tried to defend his son with the title. Donald Trump , the President of the United States, literally blocked Chrissy Teigen because she said, "No one likes you".
    Roomba robot cleaner to gather data on houses

    Roomba robot cleaner to gather data on houses

    We have to admit that it looks pretty wonderful in action, but did you also consider the fact that while it is navigating your home that it is also collecting data about it?
    Jerry Jones: No Domestic Violence Evidence Against Ezekiel Elliott

    Jerry Jones: No Domestic Violence Evidence Against Ezekiel Elliott

    The 22-year old has been under investigation stemming from an alleged domestic violence incident that happened over a year ago. Error! There was an error processing your request.
  • Trail Blazers send Allen Crabbe to Nets, get much-needed cap relief

    Trail Blazers send Allen Crabbe to Nets, get much-needed cap relief

    The capped-out Blazers are trying to get under the luxury tax, but this move also could be clearing the way for another trade. He averaged just 10.7 points during the 2016-17 campaign, but did shoot at a 44 percent clip from three-point range.
    Phelps' shark wasn't real, viewers' rage is

    Phelps' shark wasn't real, viewers' rage is

    Phelps has set 39 world records and won 23 Olympic golds, but he still needed a helping hand to compete against the sharks . I hope people learned their lesson for when someone comes at them and says they're going to make a guy swim with a shark .
    Kerala High Court rejects actor Dileep's bail plea

    Kerala High Court rejects actor Dileep's bail plea

    Dileep - like any accused under Indian law - must be presumed innocent unless the court returns a verdict of "guilty". With this, not only is Dileep looking at his two-week jail stay being prolonged, but also the loss of his stardom.


Popular

Toyota's new solid-state battery could make its way to cars by 2020
Solid-state batteries use solid electrolytes, as opposed to the liquid ones used in lithium-ion batteries, making them safer. Electric cars have made resounding progress in recent years, but they have yet to break into the mainstream market.

Judge questions denial of legal aid for parents of terminally ill children
Mr Armstrong said the experimental treatment no longer offers any chance of improving Charlie's condition. After Tuesday's hearing, the High Court would decide whether Charlie would be sent home with his parents.

Ford Mustang GT scores Drag Mode
Ford is certainly chasing after Chevy here, too; we measured a Camaro SS automatic hitting 60 miles per hour in 3.9 seconds. The 10-speed architecture features Ford-patented power-flow and Ford-patented direct-acting hydraulic controls.

Sri Lanka Navy Rescues Elephants Swept Out To Sea
The eastern command of the navy deployed its vessels and crew to rope the elephant taking it to the safety of the shore. This incident was not the first rescue operation by Sri Lankan Navy to save drowning animals.

Mandela's widow to sue doctor over book on his health
In a statement, Penguin Random House South Africa says no further copies will be distributed out of respect for Madiba. The publisher of the controversial book Mandela's Last Years has chose to "immediately withdraw" it from the trade.

British Open Championship Golf 2017 Leaderboard & Standings Round 4
The three shot lead Spieth came into the day with evaporated by the fourth hole after a bogey-par-bogey-bogey start. On the 13th, a horrendous tee shot from Spieth put him in trouble, on the back side of a dune.

Things We Learned From the Game of Thrones Panel at Comic-Con
And though they didn't give too much away, they did provide some interesting insight into where their characters are going next. That's right: Kristian Nairn as Hodor was the "maester" of ceremonies, serving as the panel's special guest host.

Driver arrested after eight found dead in truck in Walmart auto park
Hood also said that some of those with injuries related to heat stroke may result in brain damage, CNN reported . Fifteen years ago in Denison, authorities discovered 11 decomposed bodies in a grain hopper vehicle .

Antonio Conte hints at fourth Chelsea summer signing
Morata will be hoping to help Chelsea retain their Premier League title next season after the Blues won the trophy last term. Having been surplus to requirements this time a year ago , Fabregas played his way back into Conte's plans.

Stoke winger passes medical ahead of £25M West Ham move
He enjoyed an eventful four years at Old Trafford , winning two league titles and scoring 59 goals in 156 appearances. West Ham co-chairman, David Sullivan , added: "We're delighted to have completed Marko's transfer from Stoke City ".