Samsung provides chips to other companies including Apple..&vacuum compressed bag Factory39;Ready to be picked'The biggest driver of the rapid recovery was Samsung's semiconductor business, which raked in 8.The leadership vacuum will not affect day-to-day operations of the Samsung empire, Chung said, largely due to the company's dispersed management structure.But the bigger challenge for Samsung is what happens after the harvest, as the firm faces questions over its "untested" leader and the growing threat from Chinese rivals.Samsung took observers by surprise this week when it posted a forecast-beating 14.The firm's de facto leader Lee Jae-Yong is in custody after a February indictment over a nationwide bribery scandal that toppled then-president Park Geun-Hye.Geoffrey Cain, author of an upcoming book on the Samsung empire, said the firm was simply riding the wave of "huge investments in strategic industries like chipsets and OLED panels" it made years ago.03 trillion won in operating profit in the second quarter, up 204 percent from the previous year.
The world's top smartphone maker, one of the huge family-run chaebols which dominate the South Korean economy, will be confronted by tougher challenges in the future as Chinese rivals take aim at its semiconductor business and questions emerge over the firm's leadership.6 billion) in operating profits in the second quarter -- a 73 per cent jump from the previous year -- putting it on course to better rival Apple for the first time.Rising global demand for semiconductors has pushed prices high to Samsung's benefit, said Chung Sun-Sup, an expert who runs the website Chaebol.Samsung took observers by surprise this week when it posted a forecast-beating $12.com that tracks the corporate # assets and practices of South Korean conglomerates."I would argue Samsung turned that corner pretty quickly, at least from a financial point of view," said Jan Dawson, chief analyst at Jackdaw Research.Consensus forecasts of Apple's operating profits, due to report this week, are estimated at around $10. (Photo: AFP) Sprawling South Korean conglomerate Samsung Electronics has recovered from a humiliating recall fiasco and the arrest of its de facto leader with remarkable speed, analysts said, after the tech giant stunned investors with record-breaking profits."Samsung has plantations of fruit ready to be picked, even if a few like its Note 7 went rotten," Cain told AFP.6bn in operating profits in the second quarter.
The firm has been battling to overcome
an embarrassing recall last year of its flagship Galaxy Note 7 smartphone over
exploding batteries, which cost it billions of dollars and dealt a severe blow
to its reputation.6 billion.Samsung said huge sales of its new Galaxy S8
smartphone and demand for its memory chips were behind the jump in the
April-June period and predicted another blockbuster report for the current
quarter to September.Dawson noted the 28 percent increase in sales in Samsung's
mobile division, contrasting it to the 15 percent drop the firm saw during the
third quarter of last year when the recall crisis was at its peak."The company
will enjoy the global semiconductor boom over the next few years," Chung said.1
trillion won (US$12.But the world's top smartphone maker, one of the huge
family-run chaebols which dominate the South Korean economy, will be confronted
by tougher challenges in the future as Chinese rivals take aim at its
semiconductor business and questions emerge over the firm's leadership