Samsung reported a internet revenue of $4.3 billion on revenues of $50 billion for the quarter ending September 30, 2023. The agency’s revenues have been up 12 p.c year-over-year (YOY), because of smartphone and premium show gross sales. However Samsung’s gadget options and reminiscence companies continued to tug on earnings.
Samsung’s System Expertise (DX) group—which incorporates its smartphone enterprise—contributed $33 billion in revenues, a decline of seven p.c YOY. However DX revenues have been up 9 p.c quarter-over-quarter (QOQ), whereas smartphone gross sales particularly have been up 17 p.c. And Samsung feels that smartphone gross sales will enhance once more within the present quarter after which develop in 2024.
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Samsung’s System Options (DS) group–which comprises its semiconductor and shows companies—contributed one other $12 billion in revenues, a decline of 29 p.c YOY. However right here, once more, Samsung noticed optimistic QOQ development, and it expects that development to proceed.
“Looking forward to 2024, PC and cellular demand is more likely to profit from the arrival of some substitute cycles for merchandise offered in the course of the preliminary section of the pandemic,” Samsung famous. “The high-density DRAM development within the flagship and high-end segments is anticipated to proceed as a result of unfold of On-System AI.”
