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BUSINESS : Samsung’s Q3 profit likely to rise 58% on Huawei effect

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4 years ago

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Samsung Electronics on Thursday said it expects its third-quarter profit to be the largest in two years, growing 58 per cent from a year ago, as its chip business got a boost from US sanctions on Huawei and its mobile sales bounced back on pent-up demand amid the pandemic.

In its earnings guidance, the South Korean tech giant estimated its operating profit at 12.3 trillion won ($10.6 billion) for the July-September period, Yonhap news agency reported.

Samsung estimated its third-quarter sales at 66 trillion won in the three-month period that ended in September, up 6.45 per cent from a year earlier.

If its sales estimate is confirmed, Samsung will have its largest-ever quarterly sales, beating the previous record of 65.98 trillion won in the fourth quarter of 2017.

Samsung, the world’s leading memory chip and smartphone vendor, did not break down performances of its respective business divisions, saying it will announce the detailed earnings later this month.

Analysts have been raising earnings estimates for Samsung in recent weeks, betting that its chip business is not likely to have suffered a big earnings drop despite a decline in memory prices, as rush orders from Huawei may have helped Samsung avoid the worst-case scenario.

Huawei, one of Samsung’s largest customers, has been aggressively procuring semiconductors amid US export restrictions that have been in place since September 15.

“Due to Huawei’s rush orders after mid-August, it appears that Samsung has posted bit growth of 4 per cent for DRAM and 13 per cent for NAND flash, respectively,” said Song Myung-sub, an analyst at Hi Investment & Securities.

While its mainstay chip business is staying afloat, analysts believe Samsung’s mobile business has anchored the robust third-quarter earnings with increased smartphone sales on the back of pent-up demand.

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Apple is giving a huge discount on its gadgets: Details inside

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2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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