Samsung Electronics releases Q2 earnings

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삼성전자 2분기 실적 확정치 발표+삼성전자 주가 상승세 꺾여 • Samsung Electronics finalized its earnings for the second quarter. • Net profits are down from a year ago. • Even though the tech titan posted record sales and operating profit in memory chips.... weak earnings in smartphone business had a visible impact. • For details we turn to our Kim Ji-yeon • Korean tech giant Samsung Electronics says its second-quarter net profit fell by almost a tenth of a percent compared to the same period last year,... to around 9-point-9-billion U.S. dollars. • Sales also dropped by more than four-percent to 52-point-2-billion dollars... slightly higher than the provisional estimate released earlier this month. • But it's the first time in five quarters that sales have fallen below the 60-trillion won level, around 53-point-6-billion dollars. • The company's operating profit, on the other hand, rose by nearly 6-percent on-year to around 13-point-3-billion dollars... the lion's share of that coming from its chip unit. • Meanwhile, sales from its display unit dropped by 26-and-a-half percent on-year in Q2 to record just above five-billion dollars... affected by a drop in demand for flexible OLED products and falling prices for liquid crystal display or L-C-D TV panels. • The earnings results reflect the company's troubles in shoring up its mobile business even as Samsung enjoys resilient sales of memory chips. • Chinese rivals Huawei Technologies and Oppos are increasing their global market share with their products ranging from cheaper TV displays to smartphone screens. • On the weaker earnings, Samsung Electronics shares dropped on Tuesday by more than half-a-percent from the previous session to around 41 U.S. dollars. • The price is down by more than 10-percent since when the company posted record-high earnings in the first quarter. • Despite this, Samsung Electronics paints a rosy forecast for the third quarter, citing a strong market for chips and a supply expansion for its flexible OLED panels. • The company spent 14-point-8-billion dollars during the first half this year in facility investment for chips and displays. • Kim Ji-yeon, Arirang News. • Arirang News Facebook: / arirangtvnews • ------------------------------------------------------------ • [Subscribe Arirang Official YouTube] • ARIRANG TV: / arirang • ARIRANG RADIO: / music180arirang • ARIRANG NEWS: / arirangnews • ARIRANG K-POP: / arirangworld • ARIRANG ISSUE: / arirangtoday • ARIRANG CULTURE: / arirangkorean • ARIRANG FOOD TRAVEL : / arirangfoodtravel • ------------------------------------------------------------ • [Visit Arirang TV Official Pages] • Facebook: / arirangtv • Twitter: / arirangworld • Instagram: / arirangworld • Homepage: http://www.arirang.com • ------------------------------------------------------------ • [Arirang K-Pop] • YouTube: / arirangworld • Facebook: / arirangkpop • Google+: http://plus.google.com/+arirangworld

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