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Business & Lifestyle

Samsung announces disappointing 3Q results

JH Han, vice chairman and CEO of Samsung, speaks on stage during the Samsung press conference at the 2022 International CES, at the Mandalay Bay Convention Center in Las Vegas January 4. SEOUL (UPI) -- South Korea's Samsung Electronics announced Friday that its third-quarter operating profit is expected to be $7.66 billion, down a whopping 31.7% from a year ago. It's the lowest profitability level for the company since the first quarter of 2021 and falling short of the $8.3 […]

October 12, 2022 17

Business News

Samsung’s new 110-inch MicroLED TV costs a pretty penny

DEC. 15 -- Consider looking for a fancy new television if you've recently made that upgrade to PlayStation 5 or Xbox Series X. For most Samsung TV aficionados, you might have to sit on the sidelines for this one. Unfortunately, some traditional gamers might not be able to shell out for Samsung's latest product. Samsung's latest 110-inch MicroLED TV is not for the faint of heart. Are you sitting down? You might need a breather once you find out. You […]

December 15, 2020 15

Business & Lifestyle

Intel reclaims top position in semiconductors over Samsung

SEOUL (UPI) -- Samsung Electronics lost its top-ranking position in the semiconductor market last year, as U.S.-based Intel beat the South Korean company, according to global research firm Gartner. The firm said Wednesday Intel's 2019 revenue amounted to $65.8 billion -- down 0.7 percent from a year before -- for a total market share of 15.7 percent. Meanwhile, Samsung saw its sales plunge 29.1 percent to $52.2 billion year-on-year, with a market share of 12.5 percent. Samsung, the world's largest […]

January 16, 2020 18

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