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Samsung Electronics Co., Ltd. (SSNLF)

- Grey Market
  • Jun. 7, 2013, 10:04 AM
    Samsung (SSNLF.PK) suppliers are lower following reports the company has cut Galaxy S4 orders due to soft European/Korean demand, and is trying to lower sales expectations. In addition to Qualcomm, Audience (ADNC -6.5%), Skyworks (SWKS -2.2%), TriQuint (TQNT -1.4%), Universal Display (PANL -1%), and Synaptics (SYNA -5.1%) are off. Assuming the reports are accurate, one unanswered question is how much of the shortfall is due to weak industry demand (Cowen just claimed European smartphone sales are improving), and how much is due to a mix shift to cheaper phones and/or an intensely competitive Android phone market. If it's mostly the latter, some suppliers could still fare well.
    | Jun. 7, 2013, 10:04 AM | 2 Comments
  • Jun. 7, 2013, 5:06 AM
    Samsung's (SSNLF.PK) shares plummeted 6.2% in Seoul and wiped $12B off the company's market value, although it's still worth $188B. The plunge followed bearish analyst reports, with JP Morgan writing that Q3 Galaxy S4 shipments will probably disappoint and lead to lower-than-expected margins. JPM's supply chain checks show that Samsung has cut monthly orders by 20-30% to 7-8M units from 10M starting from July, due to weak demand in Europe and South Korea. (previously)
    | Jun. 7, 2013, 5:06 AM | 6 Comments
  • Jun. 6, 2013, 4:27 PM
    Samsung (SSNLF.PK) has been meeting with investors to temper Galaxy S4 expectations, and the consensus for Q2 and Q3 S4 sales has fallen to 20M/quarter from a prior 25M and 30M, writes Susquehanna. The firm adds Samsung is now placing a greater emphasis on mid-range sales (Chinese OEMs have been competing aggressively here), and sees lower S4 estimates as a negative for Broadcom (BRCM) and Maxim (MXIM). PANL, RFMD, SYNA, and ANAD could also be affected. On the flip side, Canaccord believes S4 sales have passed iPhone sales at Verizon, Sprint, and T-Mobile USA, and RBC offered an upbeat forecast last week.
    | Jun. 6, 2013, 4:27 PM | 8 Comments
  • Jun. 4, 2013, 5:53 PM
    In a slight reversal of fortune, the ITC has ruled AT&T's versions of the iPhone 3GS (AAPL) and iPhone 4, and the 3G versions of the iPad 1 and 2, violate a standards-essential Samsung (SSNLF.PK) patent, and has issued a limited U.S. ban order. The ruling, which only covers 3G Apple hardware not relying on Qualcomm (QCOM) baseband chips, is final, but Apple can appeal to a federal court and/or ask the White House to intervene. Apple might also demand the patent be licensed under FRAND terms. U.S. iPhone 4 sales are still meaningful (for a few more months, anyway), but 3G iPad 2 sales are likely miniscule, and the 3GS and original iPad have been discontinued. AAPL -0.7% AH. (official ruling)
    | Jun. 4, 2013, 5:53 PM | 23 Comments
  • Jun. 3, 2013, 5:16 PM
    Samsung (SSNLF.PK) launches 8" and 10.1" models for its Galaxy Tab 3 to complement the 7" model launched in April. The 10.1" model reportedly sports an Intel Clover Trail+ CPU, but no supplier is named in the PR. Samsung tries to differentiate the 8" model through a "reading mode" display-optimization feature. In spite of tough competition from the iPad (still has a big lead in tablet-specific apps), the Kindle Fire, and the Nexus 7, IDC estimates Samsung's tablet share rose to 17.9% in Q1 from 15.1% in Q4 and 11.3% a year earlier. Shipments are believed to risen nearly 4x Y/Y to 8.8M, aided by the tablet market's torrid growth.
    | Jun. 3, 2013, 5:16 PM | 2 Comments
  • Jun. 2, 2013, 5:04 AM
    The ITC has delayed until Tuesday a verdict on whether Apple (AAPL) has breached Samsung (SSNLF.PK) patents in the iPod Touch, iPhone and iPad. The ITC, which was supposed to have ruled on Friday, didn't provide a reason for the postponement. In a preliminary decision in September, an ITC administrative law judge cleared Apple of violating the IP.
    | Jun. 2, 2013, 5:04 AM | 13 Comments
  • May 31, 2013, 10:36 AM
    The Chinese government will reportedly end a TV subsidy program in June, a move likely to hurt sales in a market whose strong demand has been offsetting U.S./European weakness. The program, launched in June '12, provided subsidies of $16-$65 for local TV purchases. Manufacturers and suppliers that could be affected: SNE, SSNLF.PK, GLW, AUO, LPL, STM.
    | May 31, 2013, 10:36 AM | 2 Comments
  • May 30, 2013, 7:02 PM
    Galaxy S4 sales will top 20M in Q2 and 80M by year's end, estimates RBC, citing checks indicating strong U.S. demand. If Samsung (SSNLF.PK) pulls that off, it would be on its way to hitting its target of 100M lifetime sales. RBC also expects industry smartphone sales to rise 27% this year to 870M, and 20% in 2014 to 1B+. Meanwhile, a Russian site reports Samsung's June 20 London event will reveal the Galaxy S4 Zoom, a 4.3" phone sporting a 16MP camera with a 10x optical zoom, and the Galaxy S4 Active, a water/dust-proof S4 variant sporting a Qualcomm (QCOM) Snapdragon 600 CPU. Samsung's just-launched S4 Mini uses a Snapdragon 400. Other S4 suppliers: PANL, SYNA, ATML, RFMD, BRCM, ANAD, SWKS, TQNT.
    | May 30, 2013, 7:02 PM | 8 Comments
  • May 30, 2013, 5:49 AM
    Samsung (SSNLF.PK) has unveiled the Galaxy S4 mini, the smaller brother of the Galaxy S4 smartphone, which has already achieved sales of over 10M units just a month after being launched. The mini has a 4.3 inch screen - and so is still larger than the iPhone - and an 8 mega-pixel camera. There's no word yet on pricing or launch date.
    | May 30, 2013, 5:49 AM | 1 Comment
  • May 28, 2013, 11:47 AM
    Samsung (SSNLF.PK) has scheduled a June 20 London even to show off new Android and Windows Phone hardware. The WSJ reports the expected Galaxy S4 Mini will be one of "several new products" to be unveiled. Will the Galaxy Note III also be launched? A Samsung exec speaking with South Korea's ETNews has confirmed the Note III will launch later this year, while adding the oversized phone will be thinner than the Note II might feature a camera with optical image stabilization and a 3x optical zoom.
    | May 28, 2013, 11:47 AM | Comment!
  • May 22, 2013, 6:41 AM
    Samsung (SSNLF.PK) says it will take a 10% stake in Pantech to join Qualcomm and Korea Development Bank as part owners of the handset maker. Looking forward, analysts think Samsung will make more acquisitions with it sitting cash heavy and looking for growth outside of organic channels.
    | May 22, 2013, 6:41 AM | Comment!
  • May 20, 2013, 1:07 PM
    Nomura downgrades SanDisk (SNDK -2.3%) to hold on valuation grounds, leading shares to take a breather following a 38% YTD gain. Though granting SanDisk is benefiting from "disciplined" NAND flash supply growth and improving product mix, Nomura still sees potential risks, such as capacity additions from rivals, high capex due to technology transitions, and the potential for Samsung (SSNLF.PK) to gain an edge down the line from its lead in developing 3D NAND chips.
    | May 20, 2013, 1:07 PM | 1 Comment
  • May 17, 2013, 11:27 AM
    Galaxy S4 sales will top 10M next week (less than a month after launching), says Samsung (SSNLF.PK) co-CEO Shin Jong-kyun. The Galaxy S III took 50 days to crack 10M. Samsung thinks S4 sales could eventually reach 100M, or twice the 50M the S III has seen over its lifetime. Suppliers with decent exposure: RFMD, ANAD, PANL, QCOM, BRCM, SYNA.
    | May 17, 2013, 11:27 AM | 3 Comments
  • May 15, 2013, 11:50 AM
    Google (GOOG +2.5%) and Samsung (SSNLF.PK) will use Google I/O to show off a version of the Galaxy S4 that (like Google's Nexus hardware) runs a stock version of Android, reports. Google, which has cracked $900 for the first time today, has been working hard to promote stock Android relative to versions with custom skins such as Samsung's TouchWiz and HTC's Sense, but with limited success. Upcoming Motorola phones will reportedly run stock Android. I/O festivities start at 12PM ET (live blog). (music service reports)
    | May 15, 2013, 11:50 AM | Comment!
  • May 13, 2013, 1:43 PM
    Amazon (AMZN) has bought Samsung's (SSNLF.PK) Liquavista e-reader display unit, The Digital Reader uncovers via Dutch regulatory filings; Amazon has subsequently confirmed the purchase. Past rumors indicated Samsung was trying to sell Liquavista, which was developing low-power color displays relying on a process called electrowetting, to Amazon for less than $100M. Look for Liquavista's tech to appear in future Kindle e-readers.
    | May 13, 2013, 1:43 PM | 3 Comments
  • May 10, 2013, 10:58 AM
    Universal Display (PANL -12.1%) is now tumbling in the wake of its Q1 report and guidance reiteration. Investors may have wanted a guidance hike in light of strong early demand for Samsung's (SSNLF.PK) Galaxy S4. Also: materials cost rose by $2M Q/Q, something partly attributed on the earnings call to a mix shift (to green emitters?) and higher materials cost, and (in response to a question about slumping red emitter sales) PANL admitted customers are using materials more efficiently. On the bright side, management noted reports indicate Samsung's Galaxy Note III and an LG phone will feature flexible OLEDs; both are expected in Q4. (Lumia 928)
    | May 10, 2013, 10:58 AM | 1 Comment
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Company Description
Sector: Technology
Country: Korea