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From: Eric L10/28/2010 4:50:53 PM
   of 367
 
Samsung Electronics (SEC) in H1 2010: Record Revenue Sales and Profits ...

... for two consecutive quarters were driven primarily by semiconductor memory and flat Panel LCD displays in a strong and much recovered consumer electronics market, but weak European demand where Samsung has strong exposure hit handsets and TVs in Q2. Samsung Electronics (SEC) it should be remembered was hard hit by the global recession acros all operating segments and posted an operating loss in Q4 2008. In 2009 SEC maintained sound financial results despite difficult business conditions: 136 trillion won in revenue and 10.92 trillion won in operating profit, representing an annual growth of 15% and 91%, respectively. The recovery of operating profit which continued into H1 2010 to all time record levels was partticularly impressive.

Since I neglected to post abstracts earlier here are links to their Q1 & Q2 Earnings:

Samsung Electronics (SEC's)First Quarter 2010 Results:

On April 30, 2010 Samsung Electronics Co., Ltd (SEC) announced record operating profit of 4.41 trillion won (+ 643% YoY) on revenues of 34.64 trillion won (+21% YoY) on a consolidated basis for the first quarter ended March 31, 2010, The Operating profit topped the previous high of 4.22 trillion won set in the third quarter 2009. Q1 was the first quarter Samsung reported financial results under the International Financial Reporting Standards (IFRS). The company’s strong performance in the first quarter was driven by significant improvements in the components businesses, especially semiconductors, and strong earnings in the set businesses.

Samsung’s Semiconductor Business recorded consolidated operating profit of 1.96 trillion won in the first quarter, up from an operating loss of 710 billion won a year ago. Revenue reached 8.20 trillion won, a 57 percent increase year-on-year. Supply constraints amid strong demand in the DRAM market led to the rise of DRAM prices, and there was a steady demand in the NAND market due to strong demand for smart phones and mobile application products. Samsung’s Semiconductor Business was able to achieve profitability by focusing on 40-nm-class process in the DRAM market and expanding 30-nm-class process in the NAND market.

The LCD Business recorded an operating profit of 490 billion won on revenue of 6.85 trillion won, up 40
percent year-on-year. Despite traditionally weak seasonality, shipments increased significantly from a
year ago.

SEC's Telecommunication businesses – including mobile handsets and telecommunication networks – posted an operating profit of 1.10 trillion won on revenue of 9.18 trillion won. The operating profit margin was 12 percent. Strengthened premium product lineup and growth in emerging markets including India..

Samsung’s Digital Media businesses – including Visual Display and Digital Appliances – posted an operating profit of 520 billion won on revenue of 12.61 trillion won. In flat panel TVs, Samsung recorded shipments of 8.4 million units, thanks to the successful launch of 3D TVs in the global market and the strong penetration of LED TVs in developing markets. Digital Appliance sales rose 21 percent from last year as a result of demand recovery and strong sales of premium refrigerators and drum washing machines.

SEC Q1 2010 Earnings Press Release:

62o8.sl.pt

SEC Q1 2010 Earnings Presentation Slides

62p4.sl.pt

Samsung Electronics (SEC's) Second Quarter 2010 Results:

On July 30, 2010 Samsung Electronics Co., Ltd. (SEC) announced record consolidated operating profit of 5.01 trillion won (+88% YoY) and net income of 4.28 trillion won.on record consolidated revenues of 37.89 trillion Korean won (+17% YoY) for the second quarter ended June 30, 2010, Consolidated operating profit for the quarter topped the previous high of 4.41 trillion set in the first quarter of 2010.

The company's increased profitability in the second quarter was driven by significant improvements in its components businesses. The Semiconductor Business recorded an operating profit of 2.94 trillion won on sales of 9.53 trillion won, while the LCD Business generated an operating profit of 880 billion won on 7.76 trillion won in sales. Samsung's set businesses - spanning digital media, IT solutions and telecommunications - also performed well despite increased price competition and uncertain global consumer sentiment.

Samsung'ss Semiconductor Business -- Memory and LSI -- recorded consolidated sales of 9.53 trillion won (+55% YoY) with an operating profit of 2.94 trillion won representing a profit margin of 30.8 percent. Reflecting the market recovery, operating profit was up 765% on the 340 billion won recorded a year ago. Samsung's LSI and other semi sales sales were 2.82 trillion won in Q2.

--> The Memory Division continued to drive growth, accounting for 6.71 trillion won (+74% YoY) of sales . Strong demand in the DRAM market was driven by a mid 20-percent increase in PC shipments and more than 30-percent rise in gigabytes per system year-on-year. In NAND, despite weak seasonality, demand remained steady due to strong sales of mobile devices including smartphones and tablet PCs. Samsung's enhanced profitability was supported by accelerating the migration to 40-nm class process technology in the DRAM market and expanding 30-nm-class process in NAND.

SEC's LCD Business recorded an operating profit of 880 billion won on revenue of 7.76 trillion won. The operating profit margin was 11.3 percent, compared with 4.2 percent the previous year. Amid strong market demand, Samsung??s LCD panel sales increased 15-20 percent year-on-year. The industry average sales price for TV panels increased three percent, while notebook PC and monitor panel pricing was flat. Samsung focused on increasing sales of premium LCD panels for LED and 3D TVs, while enhancing its manufacturing line efficiency in order to improve profit margins.

Samsung's Telecommunication Businesses - including Mobile Communications and Telecommunication Networks - posted an operating profit of 630 billion won on revenue of 8.78 trillion won. The operating profit margin was 7.2 percent, down from 12% in the preceeding quarter In the Mobile Communications Business, Samsung sold 63.8 million handsets during the second quarter, an increase of 22 percent year-on-year. However, increased market competition caused a slight decline in average sales price. Touch-screen mobile handsets made up 30 percent of Samsung's unit sales during the quarter, compared with 15 percent a year ago, as Samsung continued to increase its leadership in the segment. In the third quarter,

SEC Q2 2010 Earnings Press Release:

samsung.com

SEC Q2 2010 Earnings Presentation Slides

62qi.sl.pt

Lokking ahead to Q3

Strong seasonal demand for core components will drive Samsung's performance in the third quarter, although increased market supply is also forecast. Samsung forecasts that continued price competition in its set businesses will put downward pressure on profit margins in the third quarter. In the third quarter, the demand for DRAM is expected to rise due to strong seasonality, while there will also be increased demand for high-capacity NAND products. Samsung will focus on widening its technological leadership by expanding 30- and 40-nm-class memory products and enhancing price competitiveness.The company expects strong seasonal demand in the third quarter, but increased supply in the market will have a balancing effect. Samsung aims to increase its share of the growing smartphone market through flagship devices including the Galaxy S and Wave. The Android-powered Galaxy S has been selected by more than 100 carriers around the world, including four major service providers in the United States. Samsung will also launch a range of mid-end smartphones as part of its strategy. ###

Samsung will report Q3 this evening.

- Eric -

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From: Eric L10/28/2010 11:49:43 PM
   of 367
 
Samsung Electronics Posts Another Record Quarter ...

... on the strength of its semiconductor and mobile phone businesses. Sales of mobile phone handsets rose 19 percent from the same period last year to 71.4 million units (and were up 12% QoQ) based on the performance to the launch of the Galaxy S (7 million units) and Bada Wave smartphones (2 million). ASP was $122 (up 14% QoQ) Mobile Phone Sales were 10.38 trillion Won ($9 Billion) and Telecom Division Operating Margin was 10.2% (up 0.3% YoY) at 1.13 trillion Won ($1 billion).

Looking ahead, Samsung said it expects weak panel demand to continue into the fourth quarter of 2010 and prices for memory chips are also expected to fall rapidly on weak consumer demand for computers. Meanwhile, Samsung added that seasonal demand for TVs and mobile handsets would support robust sales growth.

Earnings Presentation Slides ...

6j2o.sl.pt

>> Samsung Electronics Net Profit up 17%

MarketWatch
Sarah Turner (Sydney, Australia)
Oct. 28, 2010, 10:11 p.m. EDT

marketwatch.com

Samsung Electronics Co. posted a 17% rise in third-quarter net profit on Friday, after sales improved at its semiconductor and telecom businesses.

The Korean firm’s net profit for the three months to Sept. 30 totaled 4.46 trillion Korean won ($4 billion), up from 3.81 trillion won recorded in the year-ago period.

The profit figure for the world’s largest chip maker came in toward the top of analysts forecasts.

Analysts surveyed by Dow Jones Newswires had expected a 4.3 trillion won while South Korea’s Yonhap news agency had expected a 4.5 trillion won profit.

Revenue advanced to 40.23 trillion won, up from 35.89 trillion won in the year-earlier quarter.

Sales at the firm’s semiconductor unit advanced 43% to 10.66 trillion won, while sales at its telecom unit rose 16% to 11.12 trillion won. Within the firm’s telecom unit, mobile revenue rose 15% to 10.38 trillion won.

Average selling prices rose 14% quarter-on-quarter to $122 and handset shipments rose 19% year-on-year to 71.4 million units, helped by higher sales for the firm’s smartphones, including its GalaxyS model.

Samsung /quotes/comstock/11i!ssnlf (SSNLF 660.00, 0.00, 0.00%) said that it expects smartphone demand to continue to grow.

Third-quarter sales at the firm's LCD division, which produces televisions, notebooks and monitors, were more subdued, up 4% to 8.1 trillion won. Samsung said that it expects smartphone demand to continue to grow.

Third-quarter sales at the firm's LCD division, which produces televisions, notebooks and monitors, were more subdued, up 4% to 8.1 trillion won. Samsung said that demand fell quarter-on-quarter due to slower economic growth and inventory issues and it expects weak panel demand to continue into the fourth quarter of 2010.

Shares of Samsung fell 1.8% in early Seoul trading. ###

>> Samsung's 3rd-quarter Net Profit Rises 17 Percent

Kelly Olsen
The Associated Press
Seoul, South Korea
Thursday, October 28, 2010; 10:52 PM

washingtonpost.com

Samsung Electronics Co. said net profit rose 17 percent in the third quarter to a record high amid strength in its semiconductor and mobile phone businesses.

Samsung, the world's largest manufacture of computer memory chips and flat screen TVs, earned 4.46 trillion won ($3.97 billion) in the three months ended Sept. 30, the company said Friday in a regulatory filing and statement. It had net profit of 3.81 trillion won the year before.

The result was Samsung's third straight record net profit performance. The company said in the statement that its semiconductor business recorded record sales of 10.66 trillion won during the quarter.

Sales of mobile phone handsets rose 19 percent from the same period last year to 71.4 million units, Samsung said. The company attributed the performance to the launch of the Galaxy S and Wave smartphones.

Samsung said overall third-quarter sales rose 12 percent to 40.23 trillion won, also a record and the first time the company has seen revenues surpass the 40 trillion won mark. The result compares with sales of 35.89 trillion won last year.

"In the third quarter, Samsung faced a challenging business environment including declining demand for PCs and TVs, along with a continued economic slowdown in developed markets such as the U.S. and Europe," Robert Yi, vice president and head of investor relations, said in a statement.

"Despite this, we achieved strong revenue growth and profitability, which was built upon our cost competitiveness in memory semiconductors and increased sales of cutting-edge products such as our latest smartphones," Yi added.

On the operating level - seen as a direct indicator of business performance before taxes, dividends, asset sales and other items figured into net profit or loss - Samsung reported a profit of 4.86 trillion won in the third quarter, or 15 percent higher than the year before.

Suwon, South Korea-based Samsung is a major force in the global electronics industry. Besides dominating in memory chips and TVs, the company is also the world's largest manufacturer of large-sized liquid crystal displays and ranks No. 2 in mobile phones behind Nokia Corp. of Finland.

Shares in Samsung, which released earnings about 25 minutes after the start of trading, fell 1.8 percent to 750,000 won approximately an hour later. The stock price surged 77 percent in 2009. ###

- Eric -

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To: Eric L who wrote (295)12/27/2010 11:40:23 AM
From: Eric L
1 Recommendation   of 367
 
Samsung Mobile Device Production Expansion and Growth Ambitions

>> Samsung Plans To Outpace Nokia In 3 Years

Kim Yoo-chul
The Korea Times
12-27-2010

koreatimes.co.kr

Samsung Electronics plans to boost its mobile phone production in China and Vietnam next year.

The electronics giant is upbeat about 2011 and particularly in the two emerging markets, citing the higher demand for smartphones and tablet PCs in those regions.

Referring to the continued rise in the sale of its Galaxy S smartphones, Samsung intends for smartphones and other premium products to account for more than half of all production targets.

``Samsung is surpassing its bigger overseas rivals such as the overall handset sector leader Nokia as it has seen a steady increase in smartphone shares,’’ said one Samsung executive in a phone interview with The Korea Times, Tuesday.

Its three manufacturing lines in China ? Huizhou, Tianjin and Shenzhen ? will account for 60 percent of the total production, while that of Vietnam is expected to take up 15 percent in 2011.

The facilities in Brazil and India will account for 6 percent and 5 percent, respectively, a top-ranking Samsung executive who is directly involved in the matter, said.

The portion of Samsung’s line in Gumi is set at 14 percent, and mainly focused on high-end products, he said

A Samsung Electronics spokesman Shin Young-june declined to confirm this.

Samsung’s heavy dependence on the two overseas countries comes after it has revised to increase its handset shipments by some 20 percent next year to 325 million.

Officials say Samsung is aiming to outpace Nokia within the next three years and the next 12 months will be pivotal

As of the end of the third quarter, Samsung sold 199.5 million phones. In the fourth quarter, it sold 71 million, according to Samsung officials and analysts.

``With a sharp edge in memory chips and LCDs, Samsung will be able to press ahead,’’ said another executive.

Macquarie Securities expects Samsung to sell 7 million smartphones for 2011 from 2.5 million this year and says its Galaxy Tab will see a better performance in the same time period. ###

- Eric -

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To: Eric L who wrote (307)12/28/2010 4:36:12 AM
From: FUBHO
   of 367
 
RE:Macquarie Securities expects Samsung to sell 7 million smartphones for 2011 from 2.5 million

Thought Samsung sold 7 million Galaxy S phones last Q alone. Confused by this firm's numbers...

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To: Eric L who wrote (307)12/28/2010 4:36:15 AM
From: FUBHO
   of 367
 
RE:Macquarie Securities expects Samsung to sell 7 million smartphones for 2011 from 2.5 million

Thought Samsung sold 7 million Galaxy S phones last Q alone. Confused by this firm's numbers...

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To: FUBHO who wrote (309)12/28/2010 9:50:54 AM
From: Eric L
1 Recommendation   of 367
 
Samsung Galaxy S and Other Smartphone Sales ...

<< RE:Macquarie Securities expects Samsung to sell 7 million smartphones for 2011 from 2.5 million Thought Samsung sold 7 million Galaxy S phones last Q alone. >>

The Samsung Q3 Earnings CC Telecom slide stated ...

"Strong sales of strategic models such as GalaxyS (7Mil.*) Wave (2Mil *) ... * Accumulated basis"

6j2o.sl.pt

Samsung is projecting upwards of 40 million smartphones (Android, Bada, WinPhone) in 2011 (up from some 20 million in 2010) according to some sources that reported in October/November.

>> Samsung Sells 9.3 Million Galaxy S, On Track For 10 Million

Irina Turina with translation by:Paul Smith
Mobile Review via Chosunibo (Korea)
23-12-2010

mobile-review.com

Samsung set themselves a big goal in stating that they hoped to be able to sell 10 million Galaxy S devices this year. It looks like they are going to make their target though as they have now managed to shift 9.3 million handsets, making it one of the most popular Android handsets ever, and one of the most popular handsets of 2010.

That figure is for global sales, but there is good news at home too as Samsung has managed to sell 2 million units. By comparison the iPhone (all generations) has notched up 1.8 million sales in South Korea.

Samsung expect the big 10 million barrier to be passed before the calendar year ends i.e. within the enxt week or so. ###

>> Galaxy S Becomes the Best Selling Android Smartphone

TechWeek
December 27th, 2010

techweek.org

Samsung Galaxy S is the most popular smartphone OS-based Android, which worldwide sold 9.3 million units

Samsung announced in early October that their target to reach the number of sold Galaxy S is 10 million before the end of 2010. Until then no smartphone based on Android operating system has yet hit this mark in sales.

Galaxy S also set a record for sales in South Korea, where it was sold two million smartphones. This is 200,000 more than the sales of iPhone in this country. For comparison, global sales of the iPhone in the fourth quarter of fiscal 2010 amounted to 14 million units.

Galaxy S for the first time began to be sold on June 4 in Singapore. On the shelves of European and American stores this smartphone was received a few weeks later, and currently, the cost of a smartphone in online stores has dropped.

Galaxy S is an Android smartphone, features a 1 GHz Hummingbird processor along with 8 to16 GB internal Flash memory, a 4-inch 480×800 pixel Super AMOLED capacitive touch screen display, a 5-megapixel camera and on select models, a VGA front camera. The Samsung Galaxy S is a base version of the phone, the GT-I9000, was quickly followed by variant models for the US carriers, including the Epic 4G, Vibrant, Captivate, and Fascinate. ###

- Eric -

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From: Sam2/15/2011 12:09:59 AM
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Samsung places about 1-1.5 million Tegra 2 orders for new Galaxy Tab
Monica Chen, Taipei; Joseph Tsai, DIGITIMES [Tuesday 15 February 2011]
digitimes.com

Korea-based brand vendor Samsung Electronics has placed orders to Nvidia for about 1-1.5 million Tegra 2 processors and will be used for its new 10.1-inch Galaxy Tab 10.1 tablet PC, according to sources from upstream component players.

The sources pointed out that although Samsung's first tablet PC, the Galaxy Tab, did not achieve the company's targeted sales of two million units, Samsung, with advantages in both the telecom and retail channels, is still confident with its upcoming Galaxy Tab 10.1, which is set to launch in April

In addition to Samsung, Motorola, Dell, Acer, Asustek Computer, Toshiba and Micro-Star International (MSI) are all set to launch tablet PCs that adopt Tegra 2 processor with Android 3.0 operating system. Asustek, which is set to launch Eee Pad Transformer EP101 and Eee Pad Slider EP102 in April and May, respectively, has placed about 500,000 units of Tegra 2 orders for the first half of 2011.

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To: Sam who wrote (311)3/7/2011 7:29:52 PM
From: Eric L
   of 367
 
Samsung ICs and the New Galaxy II (Dual Supply by Samsung LSI and Nvidia)

Sam.

<< Samsung places about 1-1.5 million Tegra 2 orders for new Galaxy Tab >>

More on that below:

>> Dual-Vendor Strategy Could Confuse Samsung's Galaxy II S

Caroline Gabriel
Rethink Wireless
4 March, 2011

rethink-wireless.com

Samsung Mobile has always had a fractious relationship with its semiconductor sister firm, but recently has relied far more heavily on homegrown silicon, especially the Hummingbird gigahertz app processor. However, it is not prepared to put all its eggs in the Samsung basket, and the upcoming dual-core Galaxy II S superphone, unveiled at Mobile World Congress, will adopt a two-vendor approach which may be confusing for consumers and developers.

Some Galaxy II S models will use the dual-core upgrade to Hummingbird, now called Exynos, while others will run on Nvidia's Tegra 2. Some have speculated that Exynos is lagging behind the Nvidia chip and so will appear in later models, but that is belied by Apple's use of dual-core A5 in the iPad 2 - Apple's processor is a customized version of Samsung's. Others believe Samsung has been unable to ramp up production of its own dual-core chip as quickly as it needs to do, to address both Apple and the sharp rise in Galaxy shipments.

This has brought Nvidia in as a second source, adding to its prestigious list of Tegra 2 design wins, which also includes Motorola's Atrix 4G and Xoom tablet, and several planned LG products.

Using a mixture of silicon suppliers would not normally be a significant issue for a product, but the new wave of apps processors are far more differentiated than their predecessors, and are optimized in different ways. As the GigaOM blog points out, Nvidia has worked with developers to optimize applications, particularly those that showcase its graphics expertise. Earlier this week, for instance, the firm launched the Tegra Zone app in Android Market, helping consumers find games and other programs that will run particularly well on its chip.

This is interesting in itself, with suppliers promising not just a better user experience but different features - such as additional game levels - if a user has a particular processor in their phone. But, should these Tegra-specific apps prove a consumer draw, they will not be available - or at least not optimized - on the Exynos versions of Galaxy S II. Samsung will not be able to emulate Tegra 2's capabilities exactly in its own chips, because Nvidia uses a customized ARM Cortex design that supports its 'secret sauce' in graphics.

GigaOM found that Tegra optimized apps generally will run on non-Tegra devices, but the "best performance/graphics come from Tegra 2 devices" and some of the code optimizations may cause issues such as crashes when running the apps on other silicon. ###

- Eric -

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From: Eric L12/27/2011 12:34:14 PM
   of 367
 
Samsung Closing on Nokia ...

>> Samsung Eyes 15 Percent Rise In Handset Sales Next Year: Report

Hyunjoo Jin
Reuters (Seou)l
December 27, 2011

reuters.com

South Korea's Samsung Electronics aims to raise its global handset sales by 15 percent next year by boosting its smartphone sales, putting it in a closer race with bigger rival Nokia, a local newspaper said on Tuesday.

Samsung dethroned iPhone maker Apple Inc as the world's top smartphone vendor in July-September, thanks to brisk sales of its flagship Galaxy S smartphones running Google Inc's Android platform.

Samsung, the world's No.2 handset vendor, targets sales of 374 million handsets next year, up from 325 million units the company projected for this year, Korea Economic Daily reported citing industry officials.

Nokia is projected to see its handset sales shrink 5 percent to 399 million units next year, the report said, citing data from market research firm Strategy Analytics.

Out of the 374 million handsets, Samsung aims to sell 150 million units of smartphones next year, the report said.

A Samsung spokesman was not immediately available for comment.

Nokia, the Finnish handset giant, is struggling to compete with the likes of Apple and Samsung in the fast-growing smartphone segment despite its tie-up with Microsoft.

Its first Windows-based model, Lumia 800, has won little interest from consumers, with only 2 percent of Europeans in the market for a smartphone saying they would pick it, according to a survey by Exane BNP Paribas. ###

- Eric -

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From: Eric L1/29/2012 1:28:24 PM
   of 367
 
Samsung in Q4 2011 and CY 2011 ...

On the SI Smartphones and MIDs board in a post titled "Samsung in Q4 and CY 2011: The Guessing Game" I abstracted Samsung Electronics' Telecoms Division excellent year quarter by quarter in some detail ...

Message 27913292

In a future post I'll attempt to contrast Samsung's year in mobile wireless to Apple's and Nokia's.

I hope to rewrite this boards header which is a few years out of date in the relatively near future.

- Eric -

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