samsung electronics-pref (SSNNF) Key Developments
Samsung Electronics Co. Ltd. Announces Earnings Results for the First Quarter Ended March 2015; Provides Earnings Guidance for the Second Quarter of 2015 and Capital Expenditure Guidance for the Year 2015
Apr 29 15
Samsung Electronics Co. Ltd. announced earnings results for the first quarter ended March 2015. The company announced its first-quarter net income plunged 39% as consumers switched to bigger iPhones, squeezing its profit from the mobile business to less than half from a year earlier. The company reported that its January-March income was KRW 4.63 trillion, compared with KRW 7.49 trillion one year earlier. Sales fell 12% from a year earlier to KRW 47.12 trillion while operating income dropped 30% to KRW 5.98 trillion, in line with Samsung's earnings preview earlier this month. The wider-than-expected drop in net profit was due to a big profit plunge in Samsung's mobile business. The overall operating profit increased by KRW 700 billion quarter-on-quarter as the operating profit of all businesses excluding the Consumer Electronics Division improved. The company executed KRW 7.2 trillion in capital expenditure, including KRW 4.4 trillion for Semiconductor and KRW 500 billion for Display.
The company said its profits will increase during the second quarter as the Galaxy S6 and S6 Edge with curved screens expand sales after their global launch this month. But the shipments of those high-end phones will not be big enough to offset decreased sales of middle- to low-end models. Marketing expenses will also go up, pressuring its profit margin. The company expects earnings to improve quarter on quarter led by increasing shipments of strategic products such as UHD, Curved and ultra large-sized TV panels over 60-inch for responding to demand increase from China Labor Day and new product of customers.
For the year 2015, the company expects capital expenditure to remain at a similar level to that of 2014.
Samsung and Mybitat to Jointly Work on Technology Designed to Improve Ability of the Elderly to Live at Home Longer with Enhanced Quality of Life
Apr 28 15
Mybitat along with Samsung's Strategy and Innovation Center (SSIC) based in Silicon Valley, will partner to develop technology that combines advanced sensors, cloud-based software and behavior analytics to monitor an individual's daily routine and wellness. The goal is to allow elderly individuals greater flexibility in determining their living environment. Using Mybitat data fusion and big data analytics, along with new sensors and IoT Intelligence algorithms developed by Samsung, the jointly developed solution will recognize changes in behavior or health and alert remote caregivers if assistance is required. The companies plan to deliver technology that can improve an individual's quality of life as they age by allowing them to live at home securely and more independently. The solution is aimed at easily transforming a home habitat and tailoring it for aging baby boomers or their independent parents. Additional detail on the technology is not being made public at this time.
Samsung Electronics Opens 4 New Shops in Portugal
Apr 21 15
Samsung Electronics opened four new shops in Portugal to coincide with the launch of its new smartphones, the Galaxy S6 and S6 Edge. It already had two shops in the country, and the new ones are in shopping centres in Lisbon, Cascais, Faro and Coimbra. The outlets are managed in partnership with the Phone House.
Velcom Starts Selling Samsung Galaxy S6
Apr 20 15
Velcom has started selling the smart phone from Samsung, the Galaxy S6, at its branded shops. The device will also be available on installment when concluding an annual contract, with the monthly payments at BYR 999,000. The device is also available with a three-month contract. Sales of the Galaxy S6 Edge smart phone will be started later.
Samsung Electronics Co. Ltd. to Report Q1, 2015 Results on Apr 29, 2015
Apr 17 15
Samsung Electronics Co. Ltd. announced that they will report Q1, 2015 results on Apr 29, 2015