Samsung pays to be no. 2: net falls 5% on costs to beat out Motorola in cellphone market

Article Abstract:

Second-quarter net profit for South Korea's Samsung Electronics Company Ltd. rose to reach $1.55 bil. and positioned the firm at the number two spot in worldwide cell phone sales, with Finnish firm Nokia Corp. selling the most for the quarter. However, administrative and marketing expenses for Samsung rose by 8% to reach nearly $1 bil, causing a 5% drop in net income.

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Samsung suffers as gadget boom ages: profit has been slipping as consumers postpone upgrades, focus on price

Article Abstract:

Third-quarter net profit for South Korean firm Samsung Electronics Company Ltd. is expected to decline by 2%, reaching approximately $7 bil. This would be the company's fourth consecutive quarterly decrease. The decline is due in part to a slump in the chips sector, Samsung's largest business division.

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Samsung's net soars, but momentum slows: price competition squeezes cellphone, telecom profit; still on track for top year

Article Abstract:

Samsung's first half net income was almost three times that of the first six months of 2003. Income for the rest of 2004 is not expected to be as high, as competitors in the cell phone and LCD-screen markets gain a greater share.

South Korea, ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Electrical equipment and supplies industry, Electric equipment industry, Growth, Company growth

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