Samsung sees Q3 operating profit up 58% after sales grow 6.5%

Egypt Grants Samsung A Golden Licence For Mobile Phone Factory

Samsung Electronics said it expects to report third-quarter sales of KRW 66 trillion and operating profit of KRW 12.3 trillion (about $10.6 billion). That means year-on-year revenue growth of 6.5 per cent and profit up 58 per cent.

Samsung sees Q3 operating profit up 58% after sales grow 6.5%
Samsung sees Q3 operating profit up 58% after sales grow 6.5% –
The results are also up strongly compared to Q2 2020 when Samsung reported sales of KRW 52.97 trillion and operating profit of KRW 8.15 trillion. Samsung said then that it expected gradual recovery in market demand from the second half, following the coronavirus lockdowns that disrupted supply chains and retail sales in the first half of the year.
The company also released several new products during Q3, including the new Note20 smartphones, more wearables and tablets, its latest foldable device and additional 5G phones. These are expected to support demand through the year-end shopping season.
Samsung is seen as a big beneficiary of both Huawei’s problems as well as Intel’s, according to Newman. U.S. sanctions on Huawei severely limit the Chinese tech company’s options to acquire chips for its smartphones and critical semiconductor components. For its part, Intel announced a delay in its next-generation chips during its earnings guidance in July.


Sony Led the Growing Smartphone Image Sensor Market in H1 2020

The global smartphone Image sensor market led by Sony reached a total revenue of $6.3 billion in H1 2020, according to the Strategy Analytics Handset Component Technologies service report, “Smartphone Image Sensor Market Share Q2 2020: Revenue down by 6 per cent as Sony dominates the market.”

Dettol Cool Announces Ighalo As Brand Ambassador

Manchester United forward, Odion Ighalo, has been named as an ambassador of Nigeria’s leading hygiene brand Dettol.

TVC Communications Partner with P&G to Commemorate 2020 Child Health Day

To commemorate the 2020 Child Health Day, Africa’s foremost media company, TVC Communications; owners of TVC, TVC News, Max FM (Lagos & Abuja) & Adaba FM in partnership with Procter & Gamble recently donated Pampers Baby Diapers to post-natal mothers at Nigeria’s biggest Maternity Hospital in Lagos; Ayinke House Maternity Hospital, Ikeja Lagos, Nigeria.

Market Cap of Three Leading Pharma Companies Jumped by $27bn in 2020, Roche Holding the Biggest Winner

The global pharmaceutical industry has experienced significant growth in the last two decades, with pharma revenues worldwide reaching $1.25trn in 2019. Besides generating huge profits, some of the leading companies responsible for the research, development, production, and distribution of medications also witnessed a substantial market cap growth this year.

COVID-19 disrupting mental health services in most countries, WHO survey

The COVID-19 pandemic has disrupted or halted critical mental health services in 93% of countries worldwide while the demand for mental health is increasing, according to a new WHO survey. The survey of 130 countries provides the first global data showing the devastating impact of COVID-19 on access to mental health services and underscores the urgent need for increased funding.

Sony and Xbox Games Strategies Diverge As Cloud Streaming Shapes Future Platforms

The next battle in the 50-year-old games console wars will be shaped by the increasingly contrasting strategies of the two leading players, Sony PlayStation and Microsoft Xbox, according to the latest research from Strategy Analytics.

Dealing With Malnutrition In A Pandemic

Six months ago, the terms COVID-19, pandemic, social distancing, isolation and quarantine made their way into the popular lexicon. Another word that has also gained prominence during this period is malnutrition.

Video Games Subscription Revenue to Exceed $11 billion by 2025, but Cloud Growth Will Be Slow

A new report from Juniper Research has found that video games service platforms, such as EA Play and PlayStation Now, will grow to an $11 billion sector by 2025, up from an estimated $6.6 billion this year. These platforms represent a strong new revenue stream for an industry experiencing a revenue decline of around 3% per year over the next five years.