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Samsung's Q4 profit tumbles 30% amid memory downturn, labor costs Results fall well short of expectations amid high-bandwidth memory woes. Samsung Electronics’ operating profit fell by 29.2% to 6.5 trillion won ($4.5 billion) in the fourth quarter from the previous three months, falling well short of expectations as the downturn in the memory chip industry deepens. The world’s biggest memory chipmaker said revenue dropped 5.2% to 75 trillion won during the same period in its earnings guidance. Samsung will announce its full earnings data later this month. Per Nikkei Asia

𝐒𝐚𝐦𝐬𝐮𝐧𝐠’𝐬 𝐐𝟒 𝐩𝐫𝐨𝐟𝐢𝐭 𝐦𝐢𝐬𝐬𝐞𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐚𝐭𝐢𝐨𝐧𝐬; 𝐒𝐭𝐨𝐜𝐤 𝐫𝐢𝐬𝐞𝐬 Source: By Jeong-Soo Hwang , Chae-Yeon Kim  via The Korea Economic Daily💡 (https://lnkd.in/gG9mZPcv) #SouthKorea's #memory #chip giant’s preliminary operating profit for the Oct-Dec period came at 6.50 trillion won ($4.5 billion) 💡 Samsung Electronics Co. flagged weaker-than-expected earnings for the last quarter of last year due to a fall in #memory #chip prices and soft demand for its #smartphones and other #mobile devices. #SouthKorea’s largest memory chip producer on Wednesday reported in a regulatory filing that its preliminary #operating #profit for the fourth quarter ended in #December #2024 stood at 6.50 trillion won ($4.5 billion), more than doubling from a year ago. Compared to the previous quarter, the #profit shrank 29.2%. #Sales for the #quarter added 10.7% on-year to 75 trillion won but fell 5.2% against the prior #quarter.

Samsung reported Q4 2024 revenue of KRW 75.8 trillion ($52.2 billion), surpassing estimates, while operating profit of KRW 6.5 trillion missed forecasts and fell 29.3% from Q3. Year-over-year, revenue rose 12%, and operating profit surged 130%, but quarter-over-quarter declines were driven by higher R&D costs in its semiconductor division. The memory chip business achieved record-high Q4 revenue of KRW 30.1 trillion but saw a 25% drop in operating profit due to increased investment in advanced technology. Samsung’s mobile division posted Q4 revenue of KRW 25.8 trillion and operating profit of KRW 2.1 trillion, with lower sales due to fading flagship launch effects. The company expects weak Q1 2025 earnings but plans to boost AI and premium product sales, including the Galaxy S25 series, to regain market momentum. #SamsungEarnings #SemiconductorMarket #AIMobile

Samsung Stock Soars after 1,452% increase in YoY Q2 profit Samsung Electronics experienced a significant stock surge due to higher-than-expected profits driven by the booming demand for AI technology. Their operating profit for Q2 2024 is projected to be 10.4 trillion won ($7.54 billion), a 1,452% increase from the previous year. This surge is attributed to the recovering memory chip market, fueled by AI optimism. While Samsung enjoys increased profits from its dominant market share, it faces challenges in supplying high-bandwidth memory (HBM) chips crucial for AI chipsets. Despite delays in HBM production, Samsung benefits from higher average selling prices due to its leading market position. #Samsung #memorychips #HBM #artificialintelligence #earnings

What's New to TheStreet... 📉 Samsung Apologizes for Expected Earnings Miss Amid Chip Challenges In a rare move, Samsung has issued an apology for missing expected earnings due to ongoing challenges in the chip market. The tech giant vowed to ramp up efforts to regain its competitive edge and navigate the current industry headwinds. Do you think Samsung can bounce back from this? Share your thoughts below!👇🏻✨ 👉🏻Follow New To The Street for more! #samsung #chipshortage #earningsMiss #techindustry #innovation #businessupdate #businessnews #business #news #newtothestreet

San Diego-based technology giant Qualcomm Inc (NASDAQ:QCOM, ETR:QCI), the leading global vendor of smartphone processors, has reported robust earnings and raised its quarterly dividend, signaling a potential recovery in handset demand. The company posted earnings per share of $2.44, surpassing analyst estimates of $2.32, while quarterly sales stood at $9.40 billion, slightly exceeding the projected $9.34 billion. For the upcoming quarter ending in June, Qualcomm anticipates revenue in the range of $8.8 billion to $9.6 billion, with earnings per share expected to be between $2.15 and $2.35. The optimistic outlook suggests a rebound in demand following a prolonged downturn, aligning with Qualcomm's expectations of a gradual recovery in the smartphone market throughout 2024. The announcement buoyed investor confidence, leading to a 4% surge in Qualcomm's stock during after-hours trading. The... More at #Proactive #ProactiveInvestors http://ow.ly/qyZZ105rrWv

What's New to The Street... 📉 Samsung Braces for Limited Growth Amid Chip Struggles 📉  Sluggish demand for conventional chips and IT devices is creating headwinds for Samsung, limiting its earnings growth. Despite challenges, the tech giant remains focused on navigating the evolving market. 💾📊  Will the chip industry bounce back soon? Drop your thoughts below! 👇  👉🏻Follow New To The Street for more! #Samsung #TechNews #Semiconductors #ChipMarket #FinanceNews #Innovation #MarketTrends #Businessupdate #Businessnews #Business #News #Newtothestreet

What's New to TheStreet... 📉 Samsung Apologizes for Expected Earnings Miss Amid Chip Challenges In a rare move, Samsung has issued an apology for missing expected earnings due to ongoing challenges in the chip market. The tech giant vowed to ramp up efforts to regain its competitive edge and navigate the current industry headwinds. Do you think Samsung can bounce back from this? Share your thoughts below!👇🏻✨ 👉🏻Follow New To The Street for more! #samsung #chipshortage #earningsMiss #techindustry #innovation #businessupdate #businessnews #business #news #newtothestreet

Title: Navigating Challenges: Samsung's Unexpected Q3 Forecast Samsung Electronics, a cornerstone of the tech industry, has just shared a rather sobering forecast for its third-quarter profits, which are expected to hit around 9.5 trillion won ($7.8 billion)—below the previously anticipated 10.1 trillion won ($8.3 billion). 📉 This projection comes amid a notable decline in memory chip demand and competitive pressures in the display sector. Here are some of the key takeaways: - 🖥️ The decline in memory chip demand is significantly impacting Samsung's main revenue stream. - 📱 Competitiveness in the display business, crucial for both smartphone screens and TV panels, is also experiencing a dip due to dropping prices. - Despite the broader challenges, Samsung’s mobile division is showing resilience with an uptick in operating profits, thanks to robust sales of its high-end devices. This forecast sets a cautious tone not only for Samsung but resonates across the tech industry, as other giants like Apple and Intel face similar headwinds. 🤔 With the official earnings report due on October 28, many eyes will be watching how these forecasts will impact Samsung's stock and strategic decisions moving forward. How do you think tech companies should respond to such industry-wide challenges? Have you observed any innovative strategies from other players in the sector? #Samsung #TechNews #Semiconductor #Investing #BusinessStrategy #EconomicTrends