US EditionUS Smartphone Market Continues to Grow, but Expect Shifts
- Samsung Electronics reported record consolidated revenue and a profit increase for Q1 2025 despite setbacks in its semiconductor division.
- The company attributed strong smartphone sales, especially the Galaxy S25, to revenue growth but cited falling prices and less demand for high-bandwidth memory as causes of semiconductor profit decline.
- Samsung warned during its earnings call that U.S. Tariffs and political uncertainties could reduce demand for its memory chips, smartphones, and other electronics globally.
- Samsung reported record consolidated revenue of approximately 79 trillion won for the first quarter, alongside an operating profit of 6.7 trillion won . However, its semiconductor division experienced a 42% decline in operating profit compared to the previous year, mainly due to falling prices.
- The company expects continued challenges in 2025 from tariffs and market uncertainties, prompting cautious projections and consideration of relocating some production outside China.
31 Articles
31 Articles
Samsung Weakens Financial Expectations for 2025 and Says US Tariffs Are to Blame
Samsung says that United States tariffs could decrease the demand for its products, including smartphones and memory chips. During an earnings call, Samsung warned that political and economic uncertainties make predicting the company's financial performance very challenging.
Samsung says US tariffs will affect prices and demand for smartphones and memory chips
During an earnings call, Samsung's chief financial officer Soon-cheol Park told reporters that "ongoing uncertainty surrounding US tariff policies continues to pose a potential risk of demand slowdown." According to Financial Times, Park said that US tariff policies and stronger export controls against artificial intelligence products are expected to have an impact on product demand in the second half of the year. In addition to a downward trend…
Associated Press News
Samsung reports revenue increase thanks to mobile phone sales but its chip business suffers
Samsung Electronics reported Wednesday a sharp increase in consolidated revenue for the first quarter thanks to strong sales of its new smartphones, but its semiconductor business suffered a setback.
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