Samsung Electronics Q2 net reductions on low chip prices and sluggish mobile phones

전자 2 반도체 영업 이익 3.4 조원 ••• 70%

Samsung Electronics, the world's largest smartphone maker, released its results for the second quarter.
Samsung has always made money, but its profits in semiconductors have dropped more than 70%.
Kim Da-mi has the details.
Samsung Electronics' profits from its semiconductor business dropped by more than 70% in the second quarter, due in part to weak memory chip prices.
The company said Wednesday it earned only 8.8 billion US dollars in chips.
This is the lowest figure in five years.
Sales fell 4 percent to about $ 47 billion, and Samsung's profits dropped nearly 56 percent from a year earlier.
The company pointed to declining global demand for memory chips, especially from China, and falling prices of DRAM memory.
However, Samsung's performance over the three-month period was slightly better than expected earlier this month.
The tech giant has also denied the rumors of a reduction in the production of memory chips.
However, according to experts, the restrictions imposed by Japanese exports to growing uncertainties mean that Samsung will continue to face pressure.
"Samsung has secured emergency stocks that can last up to three months, so its production will be until September.
But if Japan decided to start rejecting export applications in South Korea, Samsung's production would be affected as early as the last quarter of this year. "

At the same time, Samsung's screen activities have recovered … with a 7% increase in sales and nearly 6% in operating profits.
Despite a slump in the small to mid-size market, the company said the new iPhones that will be marketed will help in the second half.
Sales in Samsung's mobile computing business, including smartphones, grew nearly 8% year-over-year as a result of low and mid-priced products.
However, this has been hampered by increased competition in this price range and higher marketing costs.
Home appliances saw the biggest improvement in a year … with profits and sales up 30% and 6% respectively … thanks to sales of OLED TVs and air conditioners.
KIM Da-mi, Arirang News.

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