Samsung Electronics forecast a turnaround in the global smartphone market in the second half of 2024, driven by stabilising consumer sentiment and growth in emerging markets, with a similar rebound expected in tablets and wearables.
Samsung posted its detailed financial results today for the first quarter of 2024, and it's really positive. The Korean giant reported an operating profit of KRW6.61 trillion ($4.85 billion), which is a tenfold increase over the same period last year. A major reason why profit is back to 2022 levels are the strong sales of flagship Galaxy S24 phones and higher prices for memory semiconductors, the report states. Overall revenue also rose 13%. Expectations for the second quarter are that...
Samsung Electronics on Tuesday said operating profit for the first quarter jumped as memory chip prices rebounded on the back of AI optimism.
Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of AI technologies drives a rebound in
Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. The South Korean semiconductor and smartphone giant said its operating profit for the Jan-March quarter came in at 6.6 trillion won ($4.8 billion), up from the 640 billion won ($465 million) it earned during the same period last year. Revenue rose by nearly 13% to 71.9 trillion won...
Pinterest (PINS) reported first quarter results that topped Street estimates on both the top and bottom lines. The company reported adjusted earnings of $0.20 per share versus a $0.14 estimate. Revenue of $740.0 million was better than the $700.3 million estimate. Pinterest reported having 518 million monthly active users compared to an estimated 503.75 million. Average revenue per user of $1.46 topped estimates of $1.39. Yahoo Finance's Julie Hyman and Josh Lipton break down the social media...
Samsung is the latest company to profit from AI demand, as its profits have increased more than fourfold compared to a year earlier.
Samsung Electronics reported on Tuesday that its net income for the first quarter skyrocketed 329% on a yearly basis to 6.75 trillion won ($4.9 billion). Revenue was up 12.8% to 71.91 trillion won ($5
Don't expect Meta search ads, but there could eventually be ads and paid content in Meta AI interactions, says CEO Mark Zuckerberg.
AT&T Inc. beat analysts' estimates for profit in the first quarter as it added more wireless phone customers than expected.
AT&T Inc. beat analysts' estimates for profit in the first quarter as it
Banco Santander SA reported on Tuesday that its net profit was €2.57 billion in the first quarter of 2024 year over year.According to the bank's report, net interest income amounted to a record €11.9