The South Korean giant Samsung Electronics posted a net profit of 2,780 billion won (1.75 billion euros) in the first quarter 2011, down 30% over one year, he said, Friday, April 29. Samsung Electronics, world's largest producer of memory chips and flat panel televisions, attributed the decline in net income to lower prices for memory chips and lower profitability crystal displays (LCD) and positions television.
"The economic environment remained difficult in the first quarter due to higher raw material costs, uncertainty in financial markets in Europe and the devastating earthquake in Japan," said Vice-President, Robert Yi. But he has described as "relatively limited" impact of disasters on 11 March on the chain of suppliers which Samsung uses.
The operating profit of the semiconductor division accounted for 56% of the total profit of the group. The television division and appliances accuses her, a 80% drop in earnings, while the flat panel division suffered a loss. Sales of flat panel televisions increased by 5% a year, but fell by 31% from the previous quarter to 8.8 million units.
Samsung gained share in smartphones The second largest manufacturer of mobile phones, which just launched a new smartphone, the Galaxy S II, is one of the few to increase its market share in smartphones and tablets. Samsung sold 70 million phones, 18% were smartphones in the first quarter of 2011.
But competition in these sectors is becoming more fierce. To improve results, the group will "actively respond" to the situation by improving the competitiveness of its memory chips, by launching new smartphones and tablets, and focusing on high-end LCD monitors and televisions , said Samsung.
The company has however warned that the difficult conditions persist in the second quarter. 
"The economic environment remained difficult in the first quarter due to higher raw material costs, uncertainty in financial markets in Europe and the devastating earthquake in Japan," said Vice-President, Robert Yi. But he has described as "relatively limited" impact of disasters on 11 March on the chain of suppliers which Samsung uses.
The operating profit of the semiconductor division accounted for 56% of the total profit of the group. The television division and appliances accuses her, a 80% drop in earnings, while the flat panel division suffered a loss. Sales of flat panel televisions increased by 5% a year, but fell by 31% from the previous quarter to 8.8 million units.
Samsung gained share in smartphones The second largest manufacturer of mobile phones, which just launched a new smartphone, the Galaxy S II, is one of the few to increase its market share in smartphones and tablets. Samsung sold 70 million phones, 18% were smartphones in the first quarter of 2011.
But competition in these sectors is becoming more fierce. To improve results, the group will "actively respond" to the situation by improving the competitiveness of its memory chips, by launching new smartphones and tablets, and focusing on high-end LCD monitors and televisions , said Samsung.
The company has however warned that the difficult conditions persist in the second quarter.
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