&w=3840&q=100)
Samsung reports revenue increase on heels of higher mobile phone sales
The South Korean semiconductor and smartphone giant said in a statement that it posted 79.14 trillion won ($56 billion) in consolidated revenue for the January-March quarter
AP Seoul
Samsung Electronics reported Wednesday a sharp increase in consolidated revenue for the first quarter thanks to strong sales of its new smartphones, but its semiconductor business suffered a setback.
The South Korean semiconductor and smartphone giant said in a statement that it posted 79.14 trillion won ($56 billion) in consolidated revenue for the January-March quarter, calling it an all-time quarterly high. It said its operating profit rose to 6.7 trillion won ($4.7 billion), up from 6.61 trillion won ($4.6 billion) in the same period last year.
Samsung attributed the results to strong sales of its flagship Galaxy S25 smartphone and other high-value-added products.
However, the operating profit of the company's semiconductor business fell to 1.1 trillion won ($774 million) from 1.91 trillion won ($1.3 billion) in the corresponding quarter last year.
The company said its profits were squeezed by falling average sale prices, as well as reduced demand for high-bandwidth memory as customers wait for the release of next-generation memory chips.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fibre2Fashion
an hour ago
- Fibre2Fashion
UK's Farfetch launches luxury offering on Coupang's R.LUX platform
FARFETCH, the leading global marketplace for luxury, announced the launch of its extensive selection of luxury on the app, Coupang's luxury vertical service in South Korea. Brand and boutique partners will gain immediate access to millions of already-engaged customers. This integration empowers Farfetch partners, the world's top brands and boutiques, to tap deeper into the South Korean luxury market, a significant and promising market consistently ranked among the top 10 globally. Stephen Eggleston, Chief Commercial Officer at FARFETCH , stated: 'We are thrilled to offer our partners – both brands and boutiques – a tremendous opportunity. This unique gateway will significantly expand their access to the high-spending South Korean luxury market. Together, we will continue to offer the widest selection of products, including unique items customers can't find anywhere else.' Farfetch has launched on Coupang's app, expanding its reach in South Korea's top 10 global luxury market. The move gives partner brands and boutiques immediate access to millions of local consumers. Categories include womenswear, menswear, shoes, bags, watches, and fine jewellery from global labels like Dolce&Gabbana and Ferragamo, plus emerging designers. At launch, an extensive selection of categories will be available, including womenswear, menswear, shoes, bags and watches and fine jewellery, from the world's top brands such as DOLCE&GABBANA and FERRAGAMO and also emergent designers, offering endless expressions of style to millions of new customers. A representative of MISSONI, the Italian luxury fashion house, said: 'We are excited about the continued evolution of our partnership with FARFETCH, and this is another step forward. We view this latest development as an incredible opportunity to make our products immediately available to millions of avid and already engaged customers.' FARFETCH will leverage the robust local operational network to deliver a 'wow experience' to customers, including free shipping and a faster delivery service. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
&w=3840&q=100)
Business Standard
2 hours ago
- Business Standard
Samsung assembled more mobile phones in India than Apple last year
Korean firm makes more phones across most segments and has higher volumes: S&P report Surajeet Das Gupta New Delhi Listen to This Article Samsung's global volume share of final assembling of smartphones in India might not get the same focus as that of Apple Inc because of the latter's aggressive export strategy and higher average selling price leading to higher value. But in terms of volume, the reality is that Samsung is much higher than its US rival. A research by S&P Global shows that Samsung's share of global final assembly volume of smartphones in India in 2024 was at 25 per cent compared to only 15 per cent of the Cupertino-based Apple Inc in the same period. For Samsung, its biggest exposure
Economic Times
7 hours ago
- Economic Times
Android 16 update rolled out for Google Pixel devices: Check latest features, compatible phones
Tired of too many ads? Remove Ads Android 16: New Features Tired of too many ads? Remove Ads How to Download Android 16 Android 16: Full List of Supported Devices Pixel 6 / 6 Pro / 6a Pixel 7 / 7 Pro / 7a Pixel 8 / 8 Pro / 8a Pixel 9 / 9 Pro / 9 Pro XL / 9 Pro Fold / 9a Pixel Fold Pixel Tablet Just a day after Apple dropped iOS 26, Google rolled out Android 16. For now, it's limited to select devices—mainly Pixels—but it marks one of the earliest Android releases in years, highlighting Google's push for faster, more consistent 16 brings solid upgrades in accessibility, security, and productivity. On the visual side, the OS gets a refreshed look with Material 3 Expressive Google's own bold design direction that parallels Apple's new Liquid Glass approach. Both aim to deliver a more unified, modern interface experience across we dive into the new features, here's a look at the devices currently supported by Android 16.A standout addition is Live Updates, which brings real-time info like delivery status or ride ETA straight to your lock screen. Displayed in a pill-shaped bubble beside the clock, it lets you stay informed without unlocking your phone. It's especially useful on devices with always-on the security side, Advanced Protection adds a new layer of defense. It proactively warns users about suspicious websites or apps, helping you steer clear of scams, malware, and digital 16 is also taking a big step toward better cross-device compatibility. With Adaptive Apps Across Devices, the OS moves beyond a phone-first mindset. Apps will now automatically adjust to different screen sizes whether you're on a tablet, foldable, or something in between. It's a long-overdue change that finally brings consistency to larger, more flexible the design side, Android 16 introduces a subtle but noticeable visual refresh. Expect updated fonts, more rounded app icons, and a redesigned Settings menu with new color accents for easier navigation. Media controls have also been refined, giving the UI a cleaner, more cohesive feel in line with Google's evolving Material 3 Expressive Health Indicator available on Pixel 8a and newer devices. Similar to what iPhone users are familiar with, this feature gives you insight into your battery's condition, estimated longevity, and when it might be time to consider a you own a Pixel 6 or newer, you're good to go. The update will arrive automatically via over-the-air (OTA) notifications—no need for manual installs or extra steps. Just head to Settings > System > Software Update to check if it's ready on your always, Google's Pixel lineup is first to get the latest Android update a major plus for anyone who wants early access to new features. Other brands like Samsung, OnePlus, and Xiaomi will follow in the coming months once they've tailored Android 16 to their own the full list of Pixel devices eligible for Android 16:
