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Samsung Q2 Profit Climbs

Samsung Q2 Profit Climbs SEOUL (dpa-AFX) - Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) reported a profit for the second-quarter that climbed 72.18 percent from the previous year, reflecting higher-than-expected chip prices and continued consumer demand for electronics during the pandemic. Quarterly sales grew 20.21 percent from the prior year. The company expects favorable market conditions for the components business in second half. The Memory Business is expected to see continued demand growth for server and mobile products and the company will accelerate migration to 15-nm DRAM and 6th generation V-NAND as well as expand the application of extreme ultraviolet (EUV) lithography process in DRAM production.

Samsung ditches Galaxy Note series this year, bets big on foldables

Samsung ditches Galaxy Note series this year, bets big on foldables IANS New Delhi: An integral part of its flagship premium portfolio that created a distinct buzz every year, the popular Galaxy Note series will not make its appearance in 2021, the company said Tuesday, as it bets big on the future of foldable devices. Unveiled at IFA Berlin for the first time and later arrived in the market in October 2011, the iconic device made a strong customer base globally including in India, owing to the unique S (Stylus) Pen, bigger and better screen and overall productivity that separated the device from the rest.

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