Samsung posted record earnings on robust demand for memory chips and sales of high-end displays for the iPhone X, according to Bloomberg. The company is splitting its stock as a “step to enhance shareholder value.“
Net income rose to a record 12 trillion won ($11.2 billion) in the three months ended December. Sales of memory chips and exclusive orders for the organic light-emitting diode screens in Apple’s most expensive phone have fueled component profits and helping offset the impact of a rising won.
Operating profit for the quarter was 15.15 trillion won on sales of 66 trillion won, Samsung said, confirming preliminary numbers released earlier this month. Samsung said a higher Korean currency reduced profit by 660 billion won, and that it anticipates a “negative impact“ from the fluctuations in the won and lower seasonal demand in the first three months of the year.
Operating profit from the chip division more than doubled from a year earlier to 10.9 trillion won. Spot prices for 4 GB DRAM chips surged 92 percent last year. Operating profit from display products rose to 1.41 trillion won and consumer electronics reported 510 billion won in profit.
The mobile division had profit of 2.42 trillion won. While Samsung remains the world’s biggest smartphone maker, it has fallen out of the top 5 in China and is being challenged by Xiaomi in India. Samsung plans to debut its new flagship smartphone, the Galaxy S9, next month.
The US International Trade Commission (ITC) has initiated a formal investigation into Apple, Samsung, and Google regarding allegations that the companies have utilized patented audio technology without authorization.
SES has outlined strategic plans to establish direct-to-device (D2D) satellite manufacturing capabilities and a specialized supply chain within Europe in partnership with Elveo Mobile.
Automated systems and bots now generate more than half of internet traffic, forcing hosting companies to manage performance, security, and infrastructure costs at the same time. Ivan Čačija argues that business users are no longer buying only storage and computing resources, but the availability and performance of their own operations. AI will reshape both data-centre management and infrastructure requirements, while regional providers can compete through local presence, predictable costs and hybrid models. Fastserver sees its partnership with Blackwall as part of a broader shift towards an integrated platform combining infrastructure, security, traffic protection and automation.
