My, how the year changes things. Q3 2009 was a nightmare for mega-corps in terms of gain, though things have really been on a up as well as up only 12 months after. After Sony pushed out the glowing quarterly report this sunrise, rival Samsung has done likewise. The association saw record breaking revenues of ₩40.23 trillion ($35.8 billion) as good as increase (₩4.46 trillion; $3.96 billion) in this many recent entertain, with Sammy crediting clever semiconductor opening for the bulk of its newfound happening. A tip of a shawl was also given to the mobile communications business, with the outfit moving the staggering 71.4 million phones during Q3 2010 (a 19 percent boost year-over-year). Reports are noting which between 5 as well as 7 million of those were of the Galaxy S accumulation, and it’s anticipating to sell 10 million of ‘em prior to a close of this year. All which said, a firm isn’t expecting an similarly flushed Q4, observant that a strengthening won as well as heightened cost pressures around LCD panels as well as DRAM could put the damper on skyrocketing profits. So most for receiving the day to applaud, eh?

[Thanks, Rajendra] Show full PR textSamsung Electronics Announces Third Quarter 2010 Results

Friday, October 29th, 2010

October 29, 2010 – Samsung Electronics Co., Ltd. currently announced revenues of 40.23 trillion Korean won upon the consolidated basement for the third entertain ended Sept 30, 2010, a 12-percent enlarge year-on-year. The figure tops a previous jot down for quarterly income of 39.25 trillion won available in a fourth entertain of 2009.

For a entertain, the association posted record consolidated net income of 4.46 trillion won, a 17-percent enlarge year-on-year. Consolidated operating distinction for a quarter was 4.86 trillion won.

Provisions for assorted patent-related losses totaling 230 billion won were reflected to third quarter earnings. Without these supplies, handling profit would have been close to 5.1 trillion won.

In its gain guidance disclosed upon October 7, Samsung estimated third-quarter consolidated revenues would stretch about 40 trillion won with an operating profit of 4.8 trillion won.

The company’s increased profitability in a third entertain was driven by a strong opening of the Semiconductor Business, that recorded an handling profit of 3.42 trillion won. The Mobile Communications Business also completed plain growth with distinction supported by increasing sales of flagship smartphones such as the Galaxy S.

“In the third quarter, Samsung faced a challenging business environment including declining demand for PCs and TVs, along with the one after another economic slack in grown markets such as US as well as Europe,” said Robert Yi, Vice President as well as conduct of Samsung Electronics’ Investor Relations Team. “Despite this, we completed clever income growth as well as profitability, which was built upon our price competitiveness in memory semiconductors as well as increasing sales of cutting-edge products such as our ultimate smartphones.”

Looking forward to a fourth entertain, year-end direct for TVs as well as mobile handsets will support one after another sales expansion. However, Samsung expects oversupply in the memory semiconductor marketplace will lead to marked down pricing, while prices for LCD row will goon to decline. The recent high regard of the Korean won is also approaching to put downward vigor upon fourth quarter earnings.

Samsung also voiced which sum capital expenditures for the year by September 30 reached 15 trillion won, representing 83 percent of a sum programmed cost of 18.2 trillion won for 2010. When together with investment in subsidiaries such as Samsung Mobile Display, combined capex will stretch 20 trillion won for a year.

Semiconductor Business Records Highest Ever Quarterly Earnings

Samsung’s Semiconductor Business completed jot down consolidated sales of 10.66 trillion won in the third entertain, with an operating distinction of 3.42 trillion won, representing the distinction domain of 32.1 percent.

The Memory Division accounted for 7.49 trillion won in income, the 60-percent enlarge year-on-year. In DRAM, cost competitiveness as well as strategic investments allowed Samsung to outperform the marketplace, amid the decrease in prices due to marketplace oversupply. For NAND, clever demand for embedded products, generally for smartphones as well as inscription PCs, led to increased profitability.

The System LSI Division also completed a poignant improvement in both revenue and distinction, driven by clever direct for mobile application processors and CMOS Image Sensors.

For a fourth entertain, Samsung foresee continued oversupply in DRAM as well as weak PERSONAL COMPUTER demand will import on the marketplace, whilst in NAND embedded product demand is expected to have a certain outcome upon profitability.

LCD Business Slow Over Weak Demand
The LCD Business available an handling profit of 520 billion won upon revenue of 8.10 trillion won. The handling distinction margin declined to 6.5 percent due to the unemployment in demand, quite in the United States as well as Europe.

Across a attention, large-size row shipments fell quarter-on-quarter to 160 million units from 167 million, together with both TV as well as IT panels. Average sales prices for cover PERSONAL COMPUTER, guard as well as TV panels all witnessed declines.
For Samsung, sum shipments increasing slightly year-on-year as well as remained prosaic compared with a prior entertain. Performance was driven by sales of premium products together with LED TVs panels due to year-end direct in developed markets. Demand for TV and guard panels is approaching to remain weak in the fourth quarter, nonetheless demand will collect up for notebook panels stimulated by flourishing inscription PERSONAL COMPUTER sales.

Samsung skeleton to concentration upon highly essential reward products such as LED TV and 3D TV panels, as well as optimize product lines to reply to a marketplace surroundings.

Samsung Mobile Handset Sales Up 12 Percent

The telecommunication businesses – together with Mobile Communications and Telecommunication Networks – posted an handling distinction of 1.13 trillion won upon income of 11.12 trillion won. The handling profit domain was 10.2 percent.

In a Mobile Communications Business, Samsung sole 71.4 million handsets during a third entertain, an enlarge of 19 percent year-on-year, outperforming the attention. Average sales cost additionally increasing 14 percent quarter-on-quarter. The rollout of Samsung’s flagship smartphones, Galaxy S as well as Wave, were a first drivers of continued sales growth among a tellurian direct recovery.

Since its introduction in June, Galaxy S has been launched in 90 countries as well as has been comparison by 210 carriers worldwide. Samsung projects sales of 10 million units by a end of 2010. The Samsung Wave, that operates upon Samsung’s open smartphone height, bada, has additionally shipped more than dual million units in 80 countries.

The entertain was also marked by a launch of Samsung’s Android-powered Galaxy Tab, that will be accessible upon 140 carriers globally together with all four vital service providers in the United States.

In a fourth entertain, Samsung aims to increase the marketplace share as well as maintain double-digit handling profit by assembly anniversary direct with an extended product brew of mass marketplace smartphones, full-touch phones and the Galaxy Tab.

Slow Economic Recovery Impacts Digital Media Businesses

Due to an enlarge in sales of TV as well as digital appliance products, Samsung’s digital media businesses achieved 14.13 trillion won in revenue in the third entertain, a 10 percent enlarge year-on-year but a 3 percent decrease quarter-on-quarter.

The businesses – which include Visual Display, IT Solutions, Digital Appliances and Digital Imaging – recorded an handling detriment of 230 billion won. This was attributed to marked down profitability in TVs as well as a loss for Digital Appliance products.

Flat panel TV shipments in the third quarter reached 9.07 million units, a 17-percent jump year-on-year. Sales of premium TVs such as LED as well as 3D-capable models decreased following the 2010 World Cup, due to weakening consumer confidence among the delayed economic liberation in a United States and Europe.

Samsung anticipates which a seasonal peak in the fourth quarter for TV sales will assistance means a expansion direction in both grown and emerging markets. However, serious price foe is additionally approaching. Samsung aims to grow a Smart TV marketplace by providing internal market-specific content as well as developing the reputation as the colonize, only as a company has finished in a LED TV as well as 3D TV markets.

In the Digital Appliance Business, Samsung completed growth of 25 percent quarter-on-quarter, but increased costs as well as investments in production as well as sales infrastructure pushed the commercial operation into the necessity.

Samsung will goon to expand the placement channels and global prolongation sites whilst developing highly fit as well as environmentally accessible products.

Via Engadget