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Samsung Electronics Co., Ltd. (SSNLF)

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  • Jul. 26, 2013, 2:43 AM
    Samsung (SSNLF.PK): Q2 net profit +50% to another record of 7.6T won (US$6.8B), Revenue +20.7% to 57.46T won. Operating profit +47.5% to 9.53T won, with income at the mobile unit rising to 52% to 6.28T won; however, operating-profit margin at the division drops to 17.7% from 19.8% in Q1, and the company expects smartphone prices to slip in Q3 due to increase in sales of mid- and low-end phones. Shares -0.9% in Seoul. (PR)
    | Jul. 26, 2013, 2:43 AM | Comment!
  • Jul. 19, 2013, 3:52 PM
    Apple (AAPL -1.5%) and Samsung (SSNLF.PK) are still holding patent settlement talks, but there's no sign a resolution is near, the WSJ reports, citing sources and legal docs. The companies have reportedly held face-to-face talks in Seoul and drafted a memorandum of understanding about a deal in February, but discussions appear to have faltered afterwards. Apple and its top rival/component supplier continue to battle in the U.S. (via the ITC and federal courts), Europe, Japan, and elsewhere. An Apple/HTC licensing deal was reached last November.
    | Jul. 19, 2013, 3:52 PM | 1 Comment
  • Jul. 15, 2013, 6:46 PM
    Apple (AAPL) is talking with TV networks and cable providers about a service that would let users skip ads and compensate networks when they do so, sources tell former WSJ reporter Jessica Lessin. However, she adds it isn't clear how the feature would differ from the ad-skipping abilities of DVRs. Bloomberg recently reported of a pending deal to give Time Warner Cable subs the ability to watch via Apple TV. Also: The Korea Economic Daily reports Samsung (SSNLF.PK)  will produce Apple's A9 CPU, via a 14nm process, starting in 2015. The report comes shortly after ones stating Apple will tap TSMC (TSM) to make 20nm chips in 2014, and (if true) suggests Apple is going for a dual-supplier strategy.
    | Jul. 15, 2013, 6:46 PM | 4 Comments
  • Jul. 11, 2013, 4:59 AM
    Nokia (NOK) is today due to unveil the latest phone that will supposedly turn around its fortunes and make the company great again - the Lumia 1020. The device's most notable feature is a 41 mega pixel camera using the company's PureView technology, which will give it a high-resolution 3x zoom. If the camera is the element Nokia is banking on for success, it might be problematic that Samsung (SSNLF.PK) has launched the Galaxy S4 Zoom, a camera-phone with a 10x optical zoom.
    | Jul. 11, 2013, 4:59 AM | 43 Comments
  • Jul. 10, 2013, 1:45 PM
    Canaccord's Mike Walkley cuts his 2013 smartphone sales forecast by 20M to 959M, and his 2014 forecast by 40M to 1.25B, citing surveys pointing to softer high-end sales, especially in Europe. While the surveys indicate iPhone 4 (AAPL -0.1%) and Galaxy S III (SSNLF.PK) sales were above expectations, they suggest the opposite for the iPhone 5 and Galaxy S4. Also, low-end/mid-range Android sales from Chinese OEMs are said to be "very strong" (good for SPRD), and high-end Lumia (NOK -2.4%) sales soft. Sales of the cheaper Lumia 520 and 620 are deemed "solid," but Walkley expects sell-in to slow as inventories rise. His report comes shortly after Samsung forecast light Q2 profits, and Wedge Partners reported of iPhone build order cuts. (also)
    | Jul. 10, 2013, 1:45 PM | 8 Comments
  • Jul. 8, 2013, 4:25 AM
    Samsung Electronics' (SSNLF.PK) shares fell another 3.2% today after sinking 3.8% on Friday following the company's projections that its Q2 earnings will come in below consensus, adding to fears about growth at its smartphone business.
    | Jul. 8, 2013, 4:25 AM | Comment!
  • Jul. 5, 2013, 7:17 PM
    "A big part of Samsung's (SSNLF.PK) problem, in one chart," tweets Benedict Evans about a graphic showing Baidu's Android page view share by OEM. While Samsung's share fell slightly from Dec. '11 to Sep. '12, and the share of other top-6 OEMs collectively declined steeply, the share of "Other" OEMs doubled to ~40%. This happened while Chinese Android sales skyrocketed. Smartphone sales have shifted heavily to cheap emerging markets hardware, with much of it coming from second-tier and white-label OEMs. Samsung isn't fully immune, not when rivals can offer the same OS and core services. Apple (AAPL) can offer a differentiated OS, but is that enough to maintain growth while protecting unmatched ASPs and margins? (Samsung Q2)
    | Jul. 5, 2013, 7:17 PM | 15 Comments
  • Jul. 5, 2013, 1:30 PM
    NAND flash supply will stay tight through Q3 thanks to strong smartphone/tablet and data center SSD demand, Digitimes reports. Also, mobile DRAM supply is also expected to "fall short of demand" in Q3. That's music to the ears of Micron (MU +0.5%) and SanDisk (SNDK +0.9%), who have been benefiting from restrained capex and industry consolidation. NAND controller vendor Silicon Motion (SIMO +3.2%) blamed tight NAND supply for memory card/flash drive makers when issuing a Q2 warning on Tuesday, while adding embedded NAND controller sales are strong. Samsung (SSNLF.PK) just warned its Q2 profits will miss estimates, but that likely has to do with phone sales rather than DRAM/NAND demand. (Micron production shifts)
    | Jul. 5, 2013, 1:30 PM | 1 Comment
  • Jul. 5, 2013, 2:07 AM
    Samsung's (SSNLF.PK) shares slide 3.95% in Seoul after its Q2 operating profit projection of 9.5T won ($8.3B) misses consensus of 10.16T won. The company expects sales of 56-58T won, up from 47.60T won a year earlier but below analyst forecasts of 58.6T. In addition to the earnings miss, analysts are concerned about slowing handset sales and falling margins due to intense competition at the lower-end of the market. Still, Samsung has lots of businesses, and prices of memory chips are expected to remain strong.
    | Jul. 5, 2013, 2:07 AM | 5 Comments
  • Jul. 4, 2013, 8:23 PM
    Samsung (SSNLF.PK) guides for a record quarterly operating profit of ~$8.3B (+47% Y/Y) for the April-June period. The projection is below analysts' consensus. Full results are due July 26.
    | Jul. 4, 2013, 8:23 PM | Comment!
  • Jul. 3, 2013, 1:09 PM
    Samsung (SSNLF.PK) has bought Web streaming set-top/DVR maker Boxee for ~$30M, TechCrunch and Israeli site The Marker report. Boxee, reported to be looking for funding or a buyer last month, made some noise last fall by launching a $99 set-top featuring dual TV tuners, mobile streaming options, and (with a subscription that now goes for $10/month) unlimited cloud DVR storage. But sales have been light in the face of competition from Roku, Apple, and others. Look for Samsung to integrate Boxee's offerings with its TV and mobile lineups - the Galaxy S4 already has some living room-focused features.
    | Jul. 3, 2013, 1:09 PM | Comment!
  • Jul. 3, 2013, 11:22 AM
    Samsung (SSNLF.PK) is set to announce Galaxy S4 shipments have topped 20M, reports Korean news site iNews24. If true, that would mean the milestone was reached a little over 2 months after sales began, and about 5 weeks after shipments crossed 10M. For reference, it took 100 days for Galaxy S III shipments to top 20M. Though shipments could be notably higher than end-user sales if channel inventory is building up, the report (if accurate) might soothe fears of weak demand (spurred by multiple build order cut reports) a little bit. Suppliers with strong exposure: QCOM, BRCM, SYNA, RFMD, ANAD, OLED.
    | Jul. 3, 2013, 11:22 AM | 2 Comments
  • Jun. 29, 2013, 3:29 PM
    The WSJ is the latest in a long line of news sources to report Apple (AAPL) is moving some app processor production to TSMC (TSM) from Samsung (SSNLF.PK). Like Digitimes recently, the WSJ reports TSMC will start mass-producing an Apple CPU that uses its next-gen 20nm process in early 2014. Other details: 1) Though Apple wants to be less dependent on Samsung, the company will still be Apple's main app processor foundry in 2014, and continues to supply memory chips and iPad LCDs (previous). 2) The move to TSMC has been slowed by "glitches" preventing TSMC's chips from meeting Apple's speed/power needs. 3) Apple offered to invest in TSMC or pay for dedicated capacity, but (in-line with a 2012 Bloomberg report) TSMC rejected the offers in the name of staying independent. (previous)
    | Jun. 29, 2013, 3:29 PM | 11 Comments
  • Jun. 28, 2013, 1:57 PM
    Thanks to surging mobile demand, Micron (MU +0.4%) is shifting 20K wafers of capacity from DRAM to NAND flash production, and M&A target Elpida is adding fresh mobile DRAM capacity, Digitimes reports. Also, Rexchip (89%-owned by Micron/Elpida) is believed to be shifting capacity to mobile DRAM. The report comes shortly after IHS predicted the mobile DRAM market will be bigger than the PC DRAM market in 2015 ($11.6B vs. $9.9B), and that DRAM wafer output will drop another 5% in 2013 thanks to consolidation. Meanwhile, Morgan Stanley notes DRAM demand from Asian PC OEMs remains weak, and that inventories are high. The reports also have implications for rivals Samsung (SSNLF.PK) and SanDisk (SNDK). (previous: I, II)
    | Jun. 28, 2013, 1:57 PM | Comment!
  • Jun. 27, 2013, 9:51 AM
    More on Apple: 1) Fresh details about iOS 7: it supports head-tilting gestures (echoes of Samsung's Smart Scroll) and new enterprise features, including the ability to control which apps/accounts can open a document, and the ability to let apps automatically connect to a VPN. 2) Apple won't be able to add the Galaxy S4 to its new Northern California suit against Samsung (SSNLF.PK). Apple has already included dozens of older Samsung devices in the suit. 3) Apple's new ad (video) had the lowest effectiveness score of the last 26 ads the company has released, according to a study from ad measurement firm Ace Metrix.
    | Jun. 27, 2013, 9:51 AM | 16 Comments
  • Jun. 27, 2013, 7:10 AM
    Smart TVs and 50-inch LCD TVs are selling well in Taiwan, according to Digitimes. Industry analysts see broad strength for Smart TVs in Asia with penetration rates tipped to go as high as 50% in China in 2014. Sellers: Samsung (SSNLF.PK), Sharp (SHCAY.PK), Panasonic (PC), Sony (SNE).
    | Jun. 27, 2013, 7:10 AM | 1 Comment
Company Description
Sector: Technology
Country: Korea