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Samsung flags near-60% operating profit jump after Huawei boostSamsung flags near-60% operating profit jump after Huawei boost

first_imgSamsung Electronics is crucial to South Korea’s economic health. It is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled conglomerates known as chaebols that dominate business in the world’s 12th-largest economy.Its overall turnover is equivalent to a fifth of the country’s gross domestic product.James Kang, senior analyst at Euromonitor International Korea, said Samsung’s rollout of its latest premium handset devices – the Galaxy Note 20 and the Galaxy Z Fold 2 – in August, coupled with strong sales of mid-range phones, led the firm’s third-quarter performance.A Washington ban on foreign companies providing Huawei with US-origin technology, that came into effect on September 15 – cutting off essential supplies of semiconductors and software needed for making smartphones and 5G equipment – also provided a boost. Samsung Electronics flagged a leap of nearly 60 percent in third-quarter operating profits Thursday, as its mobile and chip business were boosted by United States sanctions against its Chinese rival Huawei.The South Korean tech giant said in an earnings estimate that it expected operating profit to reach 12.3 trillion won (US$10.6 billion) for July to September, up from 7.8 trillion won in the same period last year.The prediction would represent the firm’s biggest operating profit of any quarter for two years and was also ahead of analyst forecasts. Kang Min-soo, an analyst at Counterpoint Research, said US sanctions against Huawei were becoming “a big factor” affecting the global smartphone market.”For Samsung, it will be a good opportunity to increase market share in Europe, where it has been competing with Huawei in various price bands,” he added.The firm’s memory business also benefited from the feud after Huawei rushed to stock up on Samsung-made semiconductors before the US restrictions kicked in.”Huawei has stocked about six months’ worth of extra inventory before the US ban took effect on September 15,” MS Hwang, an analyst at Samsung Securities, told Bloomberg News.”Huawei’s purchases are offsetting weakness in server-use demand and are devouring market inventory, which should affect prices down the road.”‘News lows’But looking forward, analysts said falling chip prices could put a damper on Samsung’s performance in the final quarter of the year.Samsung is the world’s biggest manufacturer of memory chips and led the DRAM market with 43.5-percent share in the April-to-June period, according to market researcher TrendForce.Server DRAM chips enjoyed a boost as the pandemic prompted working from home and online classes – but were now experiencing “significant oversupply”, it said in a report.”Therefore, contract prices of server DRAM products continue to descend to new lows,” it went on, forecasting a 13- to 18-percent drop in the fourth quarter.Adding to Samsung’s challenges, vice-chairman and de facto leader Lee Jae-yong is being retried over a sprawling corruption scandal that could see him return to prison. He is not being held in custody during the proceedings, but a guilty verdict could deprive the firm of its top decision-maker.Despite the optimistic forecast, Samsung Electronics shares were down 0.5 percent in morning trade Thursday.Samsung withholds net profit and sector-by-sector business performance data until it releases its final earnings report, expected later this month.center_img Topics :last_img read more

Eric Dungey turns in wobbly performance in return from injuryEric Dungey turns in wobbly performance in return from injury

first_img Published on October 10, 2015 at 9:48 pm Contact Jesse: [email protected] | @dougherty_jesse TAMPA, Fla. — In his first action in two and a half weeks, Syracuse quarterback Eric Dungey turned in an up-and-down performance in a 45-24 loss to South Florida on Saturday.Much of the game featured the freshman Dungey hadn’t been early in the season. He overthrew open receivers, missed a small handful of reads in the Orange’s read-option offense and committed his first two turnovers of the season with an interception and lost fumble in the fourth.Then there was the precocious quarterback the Orange saw against Rhode Island, Wake Forest and for a quarter against Central Michigan. With SU down 24-3, Dungey led three scoring drives in 10 minutes. He checked down to Jordan Fredericks, who took a screen 30 yards for a touchdown, scrambled inside 7 yards for Syracuse’s second score and collected its last points on a 7-yard pass to Steve Ishmael on a well-timed curl route.“I thought he calmed down in the second half and started looking like himself,” Tim Lester, SU’s offensive coordinator, said. “That’s going to happen when you have a freshman guy in there. He’s going to have good quarters and bad; we’ve just got to try to keep him leveled out.”Dungey finished 21-for-34 with 232 yards, two touchdowns and an interception. On the ground, he ran for 31 yards and a touchdown on 17 attempts. But the defining number for him and the Syracuse (3-2, 1-0 Atlantic Coast) offense — despite the second-half comeback attempt — was the three points the Orange scored in the first half to allow South Florida (2-3, 0-1 American Athletic) to methodically pull away in the second.AdvertisementThis is placeholder textThe slow offensive start wasn’t all on Dungey but he, as the quarterback, was at the center of it.“I’m sure the game is still fast for him in his second or third game or whatever it is,” Lester said. “He definitely can move us up and down the field.”Before a vicious late hit knocked Dungey out of the Central Michigan game in Week 3, his inventiveness and improvisational skills were a strength that also showcased his inexperience. That continued on Saturday, when a missed read turned into his touchdown run, according to Lester, but the offensive coordinator added that he’ll be looking for a complete performance moving forward.Not one that picks up in the second half when the game is slipping out of reach.“It was good to see the resiliency,” Lester said. “We’ve just got to get it started earlier.” Comments Facebook Twitter Google+last_img read more

Fast reaction: 3 quick takeaways from Syracuse’s 78-75 win over No. 10 DukeFast reaction: 3 quick takeaways from Syracuse’s 78-75 win over No. 10 Duke

first_img Published on February 22, 2017 at 9:23 pm Contact Connor: [email protected] | @connorgrossman In another Carrier Dome epic, John Gillon banked in a buzzer-beating 3-pointer to pilot Syracuse (17-12, 9-7 Atlantic Coast) to an 78-75 upset over No. 10 Duke (22-6, 10-5). At this point in the season, it’s tough to muster an explanation about SU’s dominance against elite conference opponents at home. The Orange will take it, especially with two games remaining in the regular season.Here’s three reactions to Wednesday’s stunner.Gillon’s second-half surgeLeading yet another double-digit Syracuse comeback, capped off by his buzzer-beater, Gillon emerged with 19 points in the second half. Three of those came at the free-throw line, where Gillon maintained his school record of 43 consecutive made free throws.In part, the 6-foot point guard was the catalyst to another comeback by helping the Orange work better off ball screens. Syracuse didn’t do much damage from behind the arc, but Gillon was able to free himself up a couple times to convert from 3. For his first points of the second stanza, Gillon knifed through the Blue Devils’ defense and laid in an and-1 layup that hung on the rim for a fleeting moment. He came down two Syracuse next possessions later to lay in another bucket, then tied the game at 54 eight minutes later with a 3-pointer, setting the stage for another tight game in the Carrier Dome against an elite opponent.AdvertisementThis is placeholder textAnother resume boostSyracuse head coach Jim Boeheim has lauded his team’s ability to play in the final minutes of close games in conference play, and Wednesday was no different. SU entered the final two minutes tied at 73 after Battle hit a mid-range jumper, and the Orange rode Gillon for its final five points of the game, including a buzzer-beating 3-pointer off the backboard.The Orange didn’t prove anything we didn’t already know: It can win — against anyone — in the Carrier Dome. Regardless, Syracuse now has wins against Duke, Virginia and Florida State, all when those teams were ranked in the Top 10. The most important game now remaining on SU’s schedule is at Louisville. Syracuse is just 2-9 when away from the Dome, so its NCAA Tournament fate may lie in how SU does on the road.The big shortFreshman forward Taurean Thompson has demonstrated exceptional play for most of this season, and against Georgia Tech last weekend, he did it for longer than he ever had. Thompson played a career-high 33 minutes against the Yellow Jackets, but was on the court 22 minutes against the Blue Devils. The freshman didn’t play poorly for long stretches, but his fleeting defensive mistakes led Boeheim to yank Thompson, SU’s most reliable offensive threat in the first half.The 6-foot-10 Thompson once again posed as a huge threat in the paint, scoring 11 points in a game where the Orange made only six 3-pointers. The problem is that when Thompson sat, Syracuse’s offense sunk.It’s clear against teams with a good 3-point defense, Thompson can key the offense. Comments Facebook Twitter Google+last_img read more

Cutch in 3-way race for NL MVP; Trout takes his turn in ALCutch in 3-way race for NL MVP; Trout takes his turn in AL

first_imgAndrew McCutchen, left, and second baseman Neil Walker, cener, celebrate after defeating the Atlanta Braves in a baseball game Thursday, Sept. 25, 2014, in Atlanta. Pittsburgh won 10-1. (AP Photo/John Bazemore)NEW YORK (AP) — When it comes to baseball’s MVP debate, sometimes the names change from year to year more than the arguments do.For instance, take a look at the top contenders in the National League this season.You’ve got Pittsburgh center fielder Andrew McCutchen, the all-around star on a playoff team. Then there’s Miami powerhouse Giancarlo Stanton, the premier slugger from a second-division club. And of course, Los Angeles Dodgers ace Clayton Kershaw, the dominant pitcher throwing his hat in the ring against everyday players.It’s made for an intriguing race that feels awfully familiar.How to measure value in a player who fell short of the postseason? How much weight to give a starting pitcher who participates only once every five days?“It’s not the most valuable hitter award, it’s Most Valuable Player, which is everybody on the roster. But I think in order to win it as a pitcher, you have to have just an unbelievable year,” Washington Nationals first baseman Adam LaRoche said.“You’re playing in a fifth as many games as the hitters. It should be a very rare thing. I don’t think they should get in the habit of giving that out to pitchers. It should be an exception every once in a while, when you just have no choice and that guy is clearly the MVP.”Kershaw has a strong case. Despite missing several starts with a back injury early this season, he went 21-3 in 27 outings for the NL West champions with 239 strikeouts and a 1.77 ERA — the lowest in the National League since 1995.He also became the first pitcher to lead the majors in ERA four straight seasons.The last pitcher to win the NL MVP award was Bob Gibson in 1968. Five years before that, it was another great Dodgers lefty, Sandy Koufax.Of course, Kershaw was brilliant last season, too, and finished seventh in the balloting. McCutchen easily beat out Arizona bopper Paul Goldschmidt after leading the Pirates to their first postseason appearance in 21 years.Many thought it might be a close election, but Goldschmidt failed to receive even one first-place vote despite pacing the NL in home runs, RBIs, slugging percentage and OPS for a .500 team.Over in the American League, the power hitting of Miguel Cabrera trumped Mike Trout’s multi-skilled excellence the past two years as Cabrera won division titles with Detroit while Trout stayed home in October.And back in 2011, it was pitcher Justin Verlander of the AL Central champion Tigers topping Boston outfielder Jacoby Ellsbury and Toronto slugger Jose Bautista, who both missed the playoffs. In the NL, Ryan Braun reached the postseason with Milwaukee that year while runner-up Matt Kemp of the Dodgers did not.The common theme here is that making the playoffs pays off in the MVP chase. To many voters from the Baseball Writers’ Association of America, that’s what defines the word valuable in Most Valuable Player.“That’s a very important part, and rightfully so,” Toronto pitcher R.A. Dickey said.That doesn’t bode well for Stanton, because the Marlins (77-85) finished fourth in the NL East. In fairness, though, they were still on the fringe of the wild-card race when he was hit in the face by a pitch Sept. 11, forcing him to miss the remainder of the season. Miami went 6-11 the rest of the way.It was an unfortunate break, but he still ended up leading the league in homers (37) and slugging percentage (.555) while finishing second in RBIs (105).McCutchen, meanwhile, had nearly identical stats in several major categories. His power numbers (25 homers, 83 RBIs) didn’t match Stanton’s, but the four-time All-Star actually had a better season at the plate than last year, when he won his first MVP award.Despite spending 15 days on the disabled list in August with fractured rib cartilage, McCutchen led the NL in on-base percentage at .410 and OPS at .952, which was two points better than Stanton. Pittsburgh went 5-9 while he was sidelined, but took off in September on the way to a second straight wild-card berth as McCutchen posted an outstanding OPS of 1.048 during the final month.Throw in his speed on the bases — 18 steals in 21 attempts — and defense at a premium position, and McCutchen is the pick to repeat as MVP.But don’t count out Kershaw when results are announced in November.___A look at the other big awards:AL MVP: Widely considered the best all-around player in baseball, Trout was runner-up to Cabrera the last two seasons. But this time, Trout and the Los Angeles Angels (98-64) boast the top record in the majors, making him a heavy favorite.“He’s waited his turn, so to speak, and he’s deserving,” Dickey said. “He’s been deserving the last couple of years, if it weren’t for the big guy over there in Detroit.”Cabrera’s teammate on the playoff-bound Tigers, Victor Martinez, actually led the league in OPS at .974. He’s mainly a designated hitter, though.Trout had 36 homers and ranked first in RBIs (111) and runs (115). His strikeouts are way up and his stolen bases are way down — but no matter, Dickey said: “He, to me, is just such a presence.”NL Cy Young: Kershaw rolls to his third in four years. Tough luck for Johnny Cueto of the Reds and Adam Wainwright of the Cardinals, who both went 20-9 in Cy Young-caliber seasons.AL Cy Young: It’s a toss-up between Seattle ace Felix Hernandez, the 2010 winner, and Cleveland right-hander Corey Kluber, who virtually came out of nowhere this season.“You have to take into consideration the ballparks they pitch in, the division they pitch in. I know I would look at a lot of those things,” Baltimore manager Buck Showalter said. “What kind of defense was played behind them? If you look at all those things, I think there’s a clear-cut winner.”Hmmm, still looks awfully close from here, Buck. Nip and tuck. Call it in the air … Kluber.NL Rookie of the Year: Sort of slim pickings this season after a bumper crop in 2013. Make it New York Mets pitcher Jacob deGrom over Cincinnati speedster Billy Hamilton.AL Rookie of the Year: Cuban first baseman Jose Abreu of the Chicago White Sox is the clear choice from a deep class.NL Manager of the Year: Clint Hurdle of the Pirates could become the only back-to-back winner in either league besides Atlanta’s Bobby Cox (2004-05).AL Manager of the Year: Kudos to Ned Yost for guiding Kansas City out of a 29-year playoff drought, and Lloyd McClendon for leading the turnaround in Seattle. But the winner is Showalter, who managed the ace-less Orioles to a runaway AL East crown despite playing large chunks of the season without All-Stars Matt Wieters, Manny Machado and Chris Davis. There’s a nice symmetry here: Showalter won this award 10 years ago with Texas and 20 years ago with the New York Yankees.___AP Sports Writer Howard Fendrich in Washington and AP freelance writer Ian Harrison in Toronto contributed to this report.last_img read more