Page 3 - Samsung Electronics

Samsung targets 10% market share in India's room air conditioner segment

Appliances and Consumer Electronics major Samsung India has doubled its sales in the fast growing room-air conditioner segment and has cornered 10 per cent market share in the March quarter of 2025, said a company official. The company, which has made a comeback in the room-air conditioner segment, has launched 19 models under its BESPOKE AI WindFree air conditioner series, featuring advanced AI technology for personalised cooling experiences. "There has been robust growth in this quarter and we are growing by 2X. In fact our internal estimate says that we will be 10 per cent of the market in Q1, which is almost double from last year's same quarter. "We are confident that we are going to lead the growth in the industry, and with better growth we will have good market share," said Samsung India Vice President, Digital Appliances Business Ghufran Alam. The company estimates the room-air conditioner industry to grow 20 to 25 per cent this year, and Samsung is ahead of that, leading th

Samsung Electronics co-CEO Han Jong-hee dies at 63 after cardiac arrest

Han was in charge of Samsung's consumer electronics and mobile devices division, while co-CEO Jun Young-hyun oversees the chip business of South Korea's biggest company

Company considering deals as it struggles for growth, says Samsung CEO

The South Korean firm has been suffering from weak earnings and sagging share prices in recent quarters

Samsung previews Galaxy S25 Edge, Project Moohan at MWC 2025: Take a look

Reportedly, Samsung's ultra-thin Galaxy S25 Edge model could be launched next month, while sales are expected to begin in May

Samsung Tamil Nadu stir escalates, Citu workers threaten hunger strike

The management is of the view that the workers entered the factory premises to protest, and this amounts to trespassing and is therefore illegal

Samsung Electronics TN unit sees second labour dispute in 5 months

Around 500 workers held a sit-in protest on the premises of the plant on Friday

Samsung chief Jay Y Lee found not guilty in controversial merger case

Case highlights long-running legal risks for Lee, who faces growing questions about his ability to lead Samsung Electronics, the world's top memory chip and smartphone maker

Samsung warns of slow AI chip sales in Q1, hurt by US curbs on China

Samsung, which started sales of 8-layer and 12-layer HBM3E products in the third quarter, said it planned to launch the improved HBM3E products in March

Appliances, display biz to add 50% to India topline in 3 yrs: Samsung

Consumer electronics major Samsung expects its appliances and display business to scale up substantially in India, contributing to half of the topline in the next three years, J B Park, President & CEO of Southwest Asia has said. The current penetration of consumer electronic products in India is still low, a major market for the South Korean Chaebol, however, it is expected to scale up, helped by factors such as the rise of the Indian economy and middle class. Samsung is aggressively expanding its play into the consumer electronics segment by democratising the latest features such as AI in the appliances and display segment (QLED and OLED TVs), which is helping it to gain significant market share in the premium segment. "The consumer electronic penetration in the Indian market is still very low. I think consumer electronics will have much bigger growth, which will increase our revenue portion of the category against mobile phones," said Park. However, penetration of India's ...

Samsung Q4 earnings likely to be hit by Nvidia AI chip supply delay

A slew of analysts have cut their earnings estimates in recent weeks, with some expecting operating profit to fall below 8 trillion won

CES 2025: Samsung unveils AI-powered Neo QLED TVs, The Frame Pro, and more

Samsung's home robot concept Ballie has also made a comeback at CES 2025, with a built-in projector capable of displaying information and content on various surfaces

CES 2025: Samsung brings on-device AI features to TVs with 'Vision AI'

Samsung has collaborated with Microsoft and Google to bring new features to its range of entertainment devices, including TVs, speakers and soundbars

Tech wrap Jan 3: Samsung OLED monitors, Huawei Watch GT 5 Pro, OPPO Reno 13

Samsung unveils new OLED monitors ahead of CES. Huawei Watch GT 5 Pro launched. OPPO Reno 13 series new AI features. Apple Vintage products. OnePlus 13 series

CES 2025: Samsung unveils OLED monitors for gaming, content creation, more

Samsung's new Odyssey-series gaming monitors include a 4K OLED monitor with a 240Hz refresh rate and a QHD OLED monitor with a 500Hz refresh rate

Samsung unveils new durable Sonic the Hedgehog-themed microSD cards

The new Sonic-inspired microSD cards are available in four distinct variants, each representing an iconic character from the Sonic the Hedgehog series

Samsung Electronics appoints new chip business heads, CFO in reshuffle

Samsung named Jun Young-hyun as its co-CEO as well as head of its memory chip business and appointed Han Jin-man as company president and head of the foundry business

Samsung Electronics plans $7.2 bn buyback to boost shareholder value

The board of directors will decide on ways to enhance shareholder value, including when and how to use the remaining seven trillion in the repurchase programme, the company said

Samsung Electronics shares hit 4-year low on Trump risks, AI chips

The South Korean tech giant is the worst performing stock among global chipmakers like TSMC and Nvidia this year

Samsung Electronics India posts 4% revenue rise to Rs 102,626 crore in FY24

Its revenue from the telephone sets, hand held devices segment was at Rs 71,283 crore. Hand held phones contributed 71.61 per cent to total revenues

Samsung's profit rises beating estimates after broader biz offsets AI gloom

Samsung has lost about a quarter of its value this year, as the once-dominant memory chipmaker struggled to get its latest chips certified by Nvidia Corp. for use in AI accelerators