Samsung Electronics - updates

Rappler's latest stories on Samsung Electronics

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Samsung Electronics profit slips on virus, more falls forecast

Apr 29, 2020 - 10:35 AM

The company expects weaker results in the April-June period as 'uncertainties driven by COVID-19 will persist' into the second half

SAMSUNG. Photo by Jung Yeon-je/AFP


Samsung Electronics flags 56% fall in Q3 operating profit

Oct 08, 2019 - 12:05 PM

This marks the 4th consecutive quarter in which the company has recorded a profit drop in the face of falling semiconductor prices and weakened demand for its mobile devices

SAMSUNG. This file photo taken on October 11, 2016 shows the Samsung store in Paris. Photo by Bertrand Guay/AFP


Samsung Electronics flags 56% fall in Q2 operating profit

Jul 05, 2019 - 12:06 PM

Samsung is facing some challenges, with chip prices falling as global supply increases while demand weakens.

SAMSUNG. This file photo taken on October 11, 2016 shows the Samsung store in Paris. Photo by Bertrand Guay/AFP


Samsung Electronics hit with quarterly profit slump

Apr 30, 2019 - 1:27 PM

Net profits for Samsung Electronics in the January-March period were 5.04 trillion won ($4.3 billion) – the lowest since the third quarter of 2016 and down 56.9% year-on-year

SAMSUNG SLUMP. The Samsung Electronics flag (L) and South Korean flags (C) flutter outside their headquarters in Seoul on November 6, 2013. File photo by Jung Yeon-Je/AFP

Samsung Electronics flags 60% fall in Q1 operating profit

Apr 05, 2019 - 8:35 AM

Operating profits drop year-over-year in the face of a weakening chip market and tough competition from Chinese rivals like Huawei

SAMSUNG. Photo by Gelo Gonzales/Rappler


Samsung Electronics Q4 profits slump along with global demand

Jan 31, 2019 - 10:33 AM

Like Apple, Samsung is hit by weak sales in China as domestic brands such as Huawei, Xiaomi and other Chinese rivals rise

Samsung Electronics flags near-30% slump in Q4 operating profit

Jan 08, 2019 - 4:46 PM

Operating profit during the October to December period is expected to be around 10.8 trillion won ($9.8 billion), down 28.7% from a year earlier, Samsung says in an earnings estimate

SAMSUNG ELECTRONICS. The logo of Samsung Electronics is displayed outside a company's building in Seoul on March 24, 2017. File photo by Jung Yeon-Je/AFP

Samsung Electronics posts record in Q3 despite smartphone struggles

Oct 31, 2018 - 10:48 AM

Samsung recovers from a series of setbacks, including a humiliating recall and the jailing of its de facto chief, to post a series of record-breaking numbers

Samsung Electronics flags record Q3 operating profit

Oct 05, 2018 - 10:01 AM

The South Korean firm reports an operating profit of $15.4 billion for the 3rd quarter of 2018

SAMSUNG. The logo of Samsung Electronics is displayed outside a company's building in Seoul on March 24, 2017. Photo by Jung Yeon-Je/AFP


1 dead, 2 injured in gas leak at Samsung chip plant

Sep 04, 2018 - 6:20 PM

The 3 victims were employees of one of Samsung's suppliers and were inspecting the factory's gas-related facilities, Samsung says

CLEANROOM. Samsung semiconductors being worked on in a cleanroom. Image from https://news.samsung.com

Samsung to invest billions in new tech to drive fresh growth

Aug 08, 2018 - 4:47 PM

The initial $22 billion investment is part of a total of $161 billion the group plans to invest over the next 3 years across its businesses.

SAMSUNG's GROWTH. A Samsung logo is displayed in a mall beneath the company's headquarters in the Gangnam district of Seoul on October 12, 2016. File photo by Ed Jones/AFP

Samsung Electronics posts $9.9-B Q2 net profit, down 0.1%

Jul 31, 2018 - 11:40 AM

Slower global sales of premium smartphones this year are partly to blame for dip

GALAXY S9. The physical design of the S9 didn't change much from the S8. Screenshot from Rappler video


Samsung Electronics Q1 net profits up by 52% year-over-year

Apr 26, 2018 - 10:57 AM

Strong demand for memory chips and the Galaxy S9 drive profits

SAMSUNG. A Samsung logo is displayed in a mall beneath the company's headquarters in the Gangnam district of Seoul on October 12, 2016. Photo by Ed Jones/AFP


South Korea appeals court frees Samsung heir

Feb 05, 2018 - 2:25 PM

(3rd UPDATE) A South Korean appeals court upholds Samsung heir Lee Jae-Yong's bribery conviction but cuts his prison sentence to a suspended term, ordering his immediate release

GOING TO COURT. In this file photo, Lee Jae-Yong (C), Samsung Electronics vice chairman and the son of Samsung group chairman Lee Kun-Hee, arrives at the court for a hearing to review the issuing of his arrest warrant at the Seoul Central District Court in Seoul on February 16, 2017. Yonhap/stringer/AFP

Samsung Electronics reports record Q4 and full year profits

Jan 31, 2018 - 11:02 AM

Increased shipments of OLED panels like the ones on Apple's iPhone X contribute to a 73% jump in Samsung's fourth quarter net profit

GAINS. Samsung reports record profits for the last quarter of 2017. File photo by Ed Jones/AFP


Samsung Electronics posts record Q3 profits, replaces CEOs

Oct 31, 2017 - 8:53 AM

(UPDATED) This is despite the company facing the jailing of its de facto leader for bribery and a recall of its flagship device

A Samsung logo is displayed in a mall beneath the company's headquarters in the Gangnam district of Seoul on October 12, 2016. Ed Jones/AFP

Park refuses order to testify in Samsung heir's trial

Jul 19, 2017 - 3:28 PM

For the second time in a fortnight impeached president Park Geun Hye rejects a court order to give evidence in the case of Lee Jae Yong the vice chairman of Samsung Electronics

In this file photo, South Korean ousted leader Park Geun-Hye (C) arrives at the Seoul Central District Court in Seoul on May 25, 2017 for her trial over the massive corruption scandal that led to her downfall. Jung Yeon-Je/Pool/AFP

Samsung to invest $18 billion in memory chip business

Jul 04, 2017 - 12:51 PM

The world s top maker of smartphones and memory chips will invest 20 4 trillion won 17 7 billion by 2021 to expand and upgrade its chip plants

COMPANY HQ. The logo of Samsung Electronics is displayed outside a company's building in Seoul on March 24, 2017. Jung Yeon-Je/AFP

Samsung's Galaxy S8 hits stores, aims to move on from recall crisis

Apr 21, 2017 - 5:31 PM

The device is Samsung s first major launch since last year s humiliating withdrawal of the Galaxy Note 7 over exploding batteries which hammered its once stellar reputation

LOOKERS. The bezels on the S8 and S8+ have receded further since the S7. Photo by Gelo Gonzales/Rappler

Samsung heir accused of bribery, perjury as trial opens

Apr 07, 2017 - 11:41 AM

Lee Jae Yong has been charged with paying nearly 40 million to the now impeached president s close friend Choi Soon Sil allegedly as bribes to secure policy favors

TRIAL BEGINS. In this file photo, Lee Jae-Yong, vice chairman of Samsung Electronics, arrives for questioning at the office of a special prosecutor investigating a corruption scandal in Seoul on February 22, 2017. File photo by Jung Yeon-Je/AFP

Samsung heir arrested in corruption probe

Feb 17, 2017 - 8:41 AM

3rd UPDATE His arrest the first for a Samsung chief will send shock waves through the group which is a major part of the South Korean economy

Samsung says Q4 profits up 50% despite Note7 recall

Jan 24, 2017 - 11:47 AM

Samsung s earnings are driven by the components businesses mainly the memory business and the display panel segment it says with the stronger US dollar also boosting profits

A Samsung logo is displayed in a mall beneath the company's headquarters in the Gangnam district of Seoul on October 12, 2016. File photo by Ed Jones/AFP

Samsung Electronics eyes separation in reform plan

Nov 29, 2016 - 10:47 AM

UPDATED The move comes as the tech giant struggles to contain the fallout from a global recall of its Galaxy Note 7 smartphone prompted by exploding batteries

Samsung (L) and South Korean flags (C) flutter outside the Samsung headquarters in Seoul on November 6, 2013. Jung Yeon-Je/AFP

Samsung raided over probe into South Korea political scandal

Nov 08, 2016 - 10:10 AM

Media reports have suggested that Samsung Electronics may have funneled as much as 2 8 million euros to President Park Geun Hye s confidante Choi Soon Sil to bankroll her daughter s equestrian training in Germany

RAID. A Samsung logo is displayed in a mall beneath the company's headquarters in the Gangnam district of Seoul on October 12, 2016. File photo by Ed Jones/AFP

Samsung scion joins board as profits plunge on Note 7 crisis

Oct 27, 2016 - 9:19 AM

UPDATED The profit slump is in line with a revised earning estimate issued by Samsung two weeks earlier after it killed off its flagship Galaxy Note 7

A Samsung logo is displayed in a mall beneath the company's headquarters in the Gangnam district of Seoul on October 12, 2016. Ed Jones/AFP

Expanded Samsung Galaxy Note7 recall ordered in US

Oct 13, 2016 - 10:03 PM

Consumers should immediately stop using and power down all Galaxy Note7 devices including Note7 devices received as replacements in the previous recall the agency says in a statement

EXPANDED RECALL. A file photo taken on September 2, 2016 shos visitors testing Samsung Galaxy Note7 smartphones at a Samsung showroom in Seoul. File photo by Jung Yeon-Je / AFP

Phoenix Semiconductor unfazed by Samsung Galaxy Note7 global recall

Oct 13, 2016 - 5:30 PM

The Philippine based memory semiconductor chip manufacturer tells the local bourse that it does not produce semiconductor devices for the troubled Note7

UNTROUBLED. PSPC says it is not 'in any way' affected by the product pull-out of Samsung. Rappler file photo

Smartphone sales drive Samsung Q2 profit

Jul 28, 2016 - 6:35 PM

Samsung s net profit for the second quarter of 2016 rises to 5 2 billion thanks to its Galaxy S7 and S7 Edge phones

epa05193453 A model holds a Samsung Galaxy S7 edge smartphone during a pre promotional show in Taipei, Taiwan, 04 March 2016. According to news reports, Samsung Electronics Co. sold the most smartphones followed by Apple Inc., Asustek Computers Inc. and HTC Corporation from around 728,000 total smartphone sales in Taiwan by January 2016. EPA/RITCHIE B. TONGO

Samsung may release bendable smartphones in 2017 – report

Jun 07, 2016 - 3:35 PM

While one model is said to fold in half the other supposedly has a 5 inch unfurling display that becomes an 8 inch panel

SAMSUNG. Visitors walk under SAMSUNG logo during COMPUTEX, the largest computer show in Asia, in Taipei, Taiwan, June 1, 2016. Photo by Ritchie B. Tongo/EPA

Samsung, tech suppliers sink on smartphone woes but Asia stocks gain

Jan 28, 2016 - 5:10 PM

The 40 fall in Samsung s net profit and Apple s report fuel fears about the saturated smartphone market and the impact on smaller firms that rely on their ongoing popularity

SAMSUNG DOWN 40%. A general view shows Samsung Electronics buildings, South Korea, January 28 2016. Photo by Yonhap/EPA

Phoenix Semiconductors suffers slump demand, delays Clark expansion

Jan 01, 2016 - 7:05 PM

As a result of the slump demand Phoenix Semiconductors Philippines delays expansion of its manufacturing facility at the Clark Freeport Zone in Pampanga

DELAYED. The P1-billion ($21.25-million) initial public offering of PSPC was supposed to fund its Clark facility’s expansion project

Samsung unveils $10B share buyback with Q3 profit surge

Oct 29, 2015 - 11:45 AM

Favorable exchange rates and a renewed focus on components are behind the profit jump Samsung seeks to shake off the loss of smartphone market share to Apple in the premium segment and to Chinese rivals at the lower end

SAMSUNG. A visitor walks in front of an advertising of the new Samsung Galaxy S6 and the Galaxy S6 Edge smartphones during the Galaxy World Tour event in Seoul, South Korea, 09 April 2015 Photo by Jeon Heon-Kyun/EPA

Samsung flags nearly 80% jump in Q3 operating profit

Oct 07, 2015 - 3:31 PM

The firm s flagship smartphone business is struggling against fierce competition but brisk business in chips and displays has largely compensated for these difficulties

SAMSUNG PROFITS. A file photo dated 28 November 2013 showing visitors viewing Samsung Smart TVs on display at SITEC 2013, IT & Consumer Electronics show in Singapore. File Photo by How Hwee Young/EPA

Xiaomi considering entering laptop business – report

Sep 02, 2015 - 7:30 PM

The Bloomberg report cites people with direct knowledge of the matter adding Xiaomi may have a notebook on sale in the first quarter of 2016

Samsung Electronics Q2 profit drop misses estimates

Jul 07, 2015 - 4:08 PM

The earnings forecast comes as a South Korean court rules in Samsung s favor against a US hedge fund s efforts to block the proposed merger of two major affiliates

SAMSUNG. A file photo dated 28 November 2013 showing visitors viewing Samsung Smart TVs on display at SITEC 2013, IT & Consumer Electronics show in Singapore. File Photo by How Hwee Young/EPA

Samsung bullish in PH, launches Galaxy Note Edge

Feb 11, 2015 - 2:14 PM

‘I’m eager to find more ways for Samsung to grow with the Philippine market and better serve their needs ’ says Harry Lee Samung Electronics PH’s newly appointed president and managing director

Samsung posts first annual profit decline in 3 years

Jan 29, 2015 - 11:31 AM

Samsung also warns that it expected 2015 s business environment to be as challenging as 2014

TO RUN ON TIZEN. A file photo dated 28 November 2013 showing visitors viewing Samsung Smart TVs on display at SITEC 2013, IT & Consumer Electronics show in Singapore. File Photo by How Hwee Young/EPA

Samsung unveils new TV platform to cut Google reliance

Jan 01, 2015 - 12:09 PM

Samsung says all of its new web connected TV sets would run Tizen adding it will unveil its first ever Tizen smart TVs at a consumer electronics fair in Las Vegas next week

TO RUN ON TIZEN.  A file photo dated 28 November 2013 showing visitors viewing Samsung Smart TVs on display at SITEC 2013, IT & Consumer Electronics show in Singapore. File Photo by How Hwee Young/EPA

Samsung flags 60% plunge in Q3 operating profit

Oct 07, 2014 - 4:10 PM

Samsung s sales are estimated at 47 trillion won down 20 4 from 2013

SAMSUNG. A man rides past a Samsung mobile shop on a street in Hanoi, Vietnam, 08 July 2014. Luong Thai Linh/EPA

Samsung forecasts profit drop for 2nd straight quarter

Apr 08, 2014 - 2:16 PM

The first quarter forecast for Samsung Electronics is in line with market expectations

DECLINE. Samsung posted estimated first quarter operating profits of 8.4 trillion won (7.96 billion USD), marking a second straight year-on-year decline as growth in global smartphone sales slows. Photo by Ed Jones/AFP

Samsung flags raised dividend at rare analyst meet

Nov 06, 2013 - 9:34 AM

The world s largest technology firm by revenue promises to boost shareholder returns

SMARTPHONE LEADER. South Korea's Samsung continues its lead in the global smartphone market. File image from Samsung Tomorrow website

Samsung posts record profit of $5.97-B

Oct 26, 2012 - 9:15 AM

The South Korean giant says profit was powered by strong smartphone sales

Samsung smartphone debuts in London

May 04, 2012 - 8:09 AM

Samsung unveils latest flagship smartphone in London

Smartphones boost Samsung revenues in 2012

Apr 06, 2012 - 6:28 PM

South Korea s Samsung Electronics registers 1st quarter profits 97 higher compared to last year