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Samsung Profits Slump Along With Drop in Demand for Its Key Products

Samsung Electronics, the world’s biggest smartphone and memory chip maker, reported a slump in fourth-quarter net profits on Thursday, blaming a drop in demand for its key products. Net profits in the October-December period were KRW 8.46 trillion ($7.6 billion or roughly Rs. 54,000 crores), it said, down 31 percent year-on-year.  The firm is the flagship […]

SK Hynix Posts Record Third-Quarter Profit as Chip Outlook Dims

South Korea’s posted record third-quarter operating profit on Thursday despite softer chip prices, beating expectations thanks to a seasonal sales boost for mobile devices and strong server demand. The world’s No.2 memory chipmaker said July-September operating profit rose 73 percent year-on-year to KRW 6.5 trillion ($5.7 billion). That compared with a KRW 6.3 trillion average forecast from 19 […]

Sony Launches 85-Inch Z8H 8K LED TV in India, Priced at Rs. 13,99,990

Sony Z8H, an 85-inch full-array LED TV and the company’s first 8K TV in India, was launched Monday priced at Rs. 13,99,990. The TV is the company’s most expensive television available in the country, and supports HDR content up to the Dolby Vision format at a theoretical 8K resolution, thanks to its 7680×4320-pixel screen. The […]

Sony Sees Lower Annual Profit as Gaming Business Slows

Japan’s Sony warned its annual operating profit would drop, after two years of record highs, as its previously thriving gaming business slows and its PlayStation 4 (PS4) console nears the end of its lifecycle. The bleak outlook comes amid concerns that a turnaround is losing steam at- which has shifted its focus to movies, music and […]

TRAI’s New Rules Likely to Increase Cable TV, DTH Bills: Crisil

Bills of cable TV and Direct-To-Home (DTH) services are likely to increase for most subscribers, a Crisil report said here on Monday. The report said that the new norms, which came into force on February 1, would benefit Over-the-Top (OTT) platforms. ‘The network capacity fee (NCF) and channel prices announced by broadcasters and distributors as […]