Samsung Electronics triples its profit

July 24th, 2009 Samsung says quarter-2 net profit rose 5.2 percentSEOUL, South Korea — Samsung Electronics says second-quarter net profit rose 5.2 percent from the same period last year as sales rose. Samsung Electronics Co.

October 30th, 2009 more images more imagesSamsung 3Q profit triples to record as sales jumpSEOUL, South Korea — Samsung Electronics Co. said third-quarter net profit tripled to a record amid increased sales of flat screen TVs and mobile phones and higher prices for computer memory chips.

January 22nd, 2009 SEOUL - Samsung Electronics Co, the leading South Korean electronics maker, posted its first quarterly loss, saying Friday that it was 20 billion won ($14.59 million) in the red in the final quarter of 2008. The world's largest maker of memory chips and liquid-crystal displays said the falling prices of memory chips and sinking demand for electronics during the global economic downturn was the cause for the loss after it had seen a profit of 2.21 trillion won in the same quarter a year earlier.

April 24th, 2009 Samsung says first-quarter profit plummets SEOUL, South Korea — Samsung Electronics said Friday that net profit plummeted 72 percent in the first quarter amid weak demand for memory chips in the global economic slump. Samsung earned 619.20 billion won ($463.53 million) in the three months ended March 31, the company said in a regulatory filing.

January 28th, 2009 TOKYO - Sony Corp Thursday reported its net profit plunged 94.8 percent in the October-to-December quarter to 10.4 billion yen ($116.37 million) because of a strong yen and dwindling demand for electronics. The earnings compared with a 200.2 billion yen net profit from the same quarter a year earlier.

July 6th, 2009 Samsung announces earnings estimateSEOUL, South Korea — Samsung Electronics Co., the world's biggest manufacturer of memory chips, announced quarterly earnings estimates for the first time Monday, saying it hopes to reduce market confusion and speculation about its performance. The Suwon, South Korea-based corporation said it expects consolidated sales of between 31 trillion won ($24.46 billion) and 33 trillion won for the three months through June.

October 20th, 2009 more images more imagesSeagate 1Q profit triples on lower operating costsSCOTTS VALLEY, Calif. — Seagate Technology said Tuesday that fiscal first-quarter net income more than tripled, as low costs more than offset a drop in revenue as well as restructuring and other charges.

October 30th, 2009 more images more imagesPanasonic posts first quarterly profit in a yearTOKYO — Panasonic posted a quarterly profit for the first time in a year, buoyed by recovering demand for home electronics and appliances. Osaka-based Panasonic Corp.

January 12th, 2009 TOKYO - Japanese electronics giant Sony is expected to suffer an operating loss of about 100 billion yen ($1.12 billion) in the fiscal year ending March 31, 2009, its first loss since 1995, media reports said Tuesday. The projected loss, apparently because of a strong yen and sluggish sales of flat-screen televisions and other products, marks a major turnaround from a projection last October of an operating profit of 200 billion yen, Kyodo News reported citing sources.

September 2nd, 2009 NEW YORK - The Japanese electronics company Sony Corp plans to introduce a liquid-crystal-display television capable of playing 3-D programming by the end of next year, The Wall Street Journal reported Wednesday. Sony is to announce its plans for the new TV next week at the IFA consumer electronics show in Berlin, an unnamed source familiar with the plans told the Journal.

May 14th, 2009 TOKYO - Sony Corp suffered its first annual net loss in 14 years as the yen's rise against the dollar and harsh price competition amid the global economic downturn drove consumers away, the company said Thursday. Sony reported 98.9 billion yen ($1.03 billion) in net loss for the fiscal 2008 year against a 369.4-billion-yen net profit the year before.

May 15th, 2009 TOKYO - Panasonic Corp suffered its first annual loss in six years because of shrinking demand and harsh price competition amid the global economic downturn, the company said Friday. Panasonic joined other Japanese electronics' companies in reporting a net loss for the year that ended March 31.

July 30th, 2009 Sony reports quarterly loss, expects more red inkTOKYO — Sony Corp., maker of the hit PlayStation game console, reported a smaller-than-expected quarterly loss but maintained its forecast for more red ink as it takes a beating from the strong yen and slumping global electronics sales. The Japanese electronics and entertainment company said Thursday its net loss for the fiscal first quarter was 37.1 billion yen ($390.5 million) compared with a 35 billion yen ($368.4 million) profit in the April-June period a year earlier.

February 26th, 2009 NEW DELHI - Two days after the government slashed two percent from the excise duty, electronics goods manufacturer Samsung and satellite TV service provider DishTV Thursday decided to pass on the benefits to customers. 'The company has decided to reduce prices of its LCD television by 1.2-1.7 percent depending on the model size, which translates into an end customer price reduction of Rs.1,000 to Rs.5,000,' Samsung said in a statement.

March 23rd, 2009 CHENNAI - The Madras High Court Monday restrained mobile phone manufacturers Samsung, Mirc Electronics and Spice Mobile and several retailers from manufacturing and selling multiple SIM holding mobile phones. 'On a petition filed by our client Somasundaram Ramkumar, Justice Jaypaul has issued an injunction whereby Samsung Electronics, Mirc Electronics and Spice Mobile were restrained from manufacturing multiple SIM holding mobile phones,' D.