Samsung Profit

The disappointing results underscore how South Korea's largest company has ceded leadership in the AI market to SK Hynix Inc. in the post-ChatGPT infrastructure boom

Demand for servers using the company's high-density DRAM also bolstered profit, although the outlook for both smartphones and AI components has become murkier over the last week

Samsung India Electronics registered about a 10 per cent decline in consolidated net profit to Rs 3,452.3 crore in 2022-23, according to details shared by market intelligence firm Tofler. The company had posted a net profit of Rs 3,844.9 crore in FY22. Samsung India Electronics posted a 16 per cent increase in consolidated revenue to Rs 98,924.4 crore in FY23. "Samsung India Electronics Pvt Ltd reported its revenues for 2022-23 at Rs 98,924 crore, a 16 per cent jump since the last financial year. "The company further reported a net profit of Rs 3,452 crore during the same fiscal. This is a 10 per cent decrease from the last financial year," Tofler said. Samsung India Electronics recorded a revenue of Rs 85,324.8 crore in FY22. "The company's total expenses for the fiscal were reported as Rs 93,792 crore," Tofler said. The company's profit before tax was down 7.79 per cent to Rs 5,132.20 crore in FY23. Its other income was also down 20.1 per cent to Rs 2,295.50 crore in the prev

Samsung has said its strategy historically has been to keep spending during downturns to increase its competitive position

The AX32 and AX46 are priced at Rs 12,990 and Rs 32,990, respectively. Both the Samsung air purifiers will be available on company's online shop, Samsung stores and select retail outlets

Samsung said that its preliminary third-quarter operating profit declined by nearly 32 per cent from a year earlier, as the company has faced macroeconomic headwinds that weakened consumer demand

Sales increased 18.9 per cent on-year to 77.7 trillion won in the first quarter, a all-time quarterly record

The world's top memory chip and smartphone maker said operating profit was likely 8.1 trillion won (5.44 billion pounds) in the quarter ended June

Revenue is expected to fall 4.2 percent to 56 trillion won. Samsung is scheduled to report final results later this month

Operating income rose to 15.6 trillion won ($14.7 billion) in the three months ended March

SEOUL (Reuters) - Samsung Electronics Co Ltd <005930.KS> is expected to forecast a record third-quarter profit on Friday thanks to the strong market for memory chips, and as mobile earnings bounce back from last year's costly withdrawal of the Note 7.