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Samsung’s Q1 profit posts double-digit growth

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9 years ago

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samsungSeoul : Samsung Electronics’ first-quarter operating profit posted a double-digit growth on the back of robust sales of Galaxy S7 smartphones, launched earlier than forecast, the company said on Thursday.

Consolidated operating profit reached 6.68 trillion won ($5.84 billion) in the January-March period, up 11.7 percent from a year earlier.

From the previous three-month period, the profit increased 8.7 percent, Xinhua news agency reported.

Revenue grew 5.7 percent over a year earlier to 49.78 trillion won in the first quarter, and net income surged 63 percent to 5.25 trillion won.

The positive first-quarter earnings came as Samsung’s mobile phone business posted the highest profit in about two years. Samsung sold a total of 92 million phones in the first quarter.

The local currency’s depreciation to the dollar and the euro also contributed to the profit growth, increasing repatriated overseas earnings.

Samsung’s Galaxy S7 and S7 Edge smartphones were released earlier than forecast in the first quarter, resulting in profit growth in the smartphone division. Low-end smartphone lineups were simplified, also helping boost profitability.

Meanwhile, Samsung decided to buy back its own shares worth about 2 trillion won, which will be carried out in the next three months.

The repurchased shares, including 1.3 million common stocks and 0.32 million preferred shares, will be cancelled.

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

Published

3 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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