Samsung Electronics profit slips on virus, more falls forecast

first_imgThe January-March performance was “partially due to effects of COVID-19”, Samsung said in a statement.And it said it expects weaker results in the next three months, adding that “uncertainties driven by COVID-19 will persist” into the second half. The firm 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.The figures come as the coronavirus pandemic wreaks havoc across the world economy — earlier this month Samsung had operations suspended at 11 overseas assembly lines — with expectations rife of a looming global recession. The world’s biggest smartphone maker, Samsung Electronics, said Wednesday that net profits in the first quarter were only slightly impacted by the coronavirus pandemic but warned of further falls to come as demand is “significantly” hit by the disease.The company reported on Wednesday that net profits fell slightly in the first quarter as the coronavirus pandemic dampened consumer demand, but warned of further falls to come.Net profits in the January-to-March period were 4.88 trillion won ($4 billion), down 3.1 percent from a year earlier, the company said in a statement. In the second quarter, it warned: “Overall earnings are likely to decline from the previous quarter because COVID-19 will significantly impact demand for several of its core products.”Memory demand “is expected to remain robust for servers and PCs as more people work from home”, it said.But “sales and profits of set products business, including smartphones and TVs, are expected to decline significantly as COVID-19 affects demand and leads to store and plant closures globally”.Suggesting scanning a TV every few weeks reveals how vulnerable smart TVs, specifically Samsung’s QLED TVs, can be. (Shutterstock/i viewfinder)Woody Oh, a researcher at Strategy Analytics, said the first-quarter results showed only “a slight impact” from the virus outbreak, which emerged in China and spread to the US, Europe and India — Samsung’s key markets. “But the real impact will show in the second quarter,” he said, adding almost all companies will report their worst results in April-June as the effects of the pandemic become clear.Samsung Electronics shares closed down 0.2 percent in Seoul at 50,000 won.Forecast to grow Samsung had pinned its hopes for 2020 on a rollout of its new 5G and premium smartphones including its latest folding Galaxy Z flip phone.”While a contraction of the global smartphone market is expected as a result of the COVID-19 outbreak, demand for 5G smartphones is forecast to grow,” DJ Koh, president of Samsung’s mobile division told the firm’s shareholder meeting last month.Guests of Samsung Galaxy ‘Unpacked’ 2020 event flocked around the display of new Samsung Galaxy Z Flip in San Francisco (JP/Muthi Kautsar)Global smartphone sales dropped 14 percent year-on-year in February, according to the latest data from market researcher Counterpoint Research, although Samsung’s sales remained stable as it has limited exposure to the heavily hit Chinese market.A report by market researcher TrendForce this month showed Samsung’s chip business may take a hit in the second half from shipment disruptions caused by virus lockdowns.”Some of Samsung’s back-end server DRAM packaging operations are based in Luzon, the Philippines. Therefore, the continued quarantine of Luzon may affect the shipment schedule of Samsung’s server DRAM modules,” it said.Overall, the Taiwan-based market researcher said it expects the rebound of memory chip prices to be “flattened” as the coronavirus pandemic dampens demand from the latter half of the year.Adding to Samsung Electronics’ challenges, its vice chairman and de facto leader Lee Jae-yong is currently being re-tried 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.Topics :last_img read more

More Vestas turbines for Vietnam’s largest intertidal wind farm

first_img“This is Vestas’ seventh intertidal win, demonstrating our ability to develop wind energy solutions for projects close to shore to capture the unblocked wind resources from the sea, and we are excited to support our partners in conquering this space,” said Clive Turton, President of Vestas Asia Pacific. Vestas has secured a 50 MW order with the Vietnamese EPC construction company, Bac Phuong JSC, for the second phase of the Dong Hai 1 intertidal wind project. With this second phase in place, the 100 MW Dong Hai 1 will be the largest intertidal wind project in Vietnam to date, Vestas said. This project win comes after Vestas was awarded the first phase of the project in December 2019. The project, located off Bạc Liêu Province, in shallow waters of the Mekong Delta, will also feature customised towers placed on reinforced onshore foundations above sea level. To optimise energy production for the site’s specific wind conditions, Vestas will supply and supervise the installation of 13 V150-4.2 MW wind turbines, with ten turbines in 3.8 MW and three turbines in 4.0 MW operating modes. Turbine installation is expected to be completed in the third quarter of 2021. The order also includes a 10-year Active Output Management 5000 (AOM 5000) service agreement.last_img read more

8 ways to tell you’re being emotionally abused

first_img Share Sharing is caring! ALTHOUGH physical scars are a surefire way to identify abuse, this is not the case for emotional abuse, as words are oftentimes the weapon of choice used by perpetrators. This makes it that much harder to identify the abuse with just a cursory glance.“Emotional abuse involves anything that destroys the self-esteem of the persons involved,” said counselling and social psychologist and certified clinical hypnotherapist Dr Veronica Salter.“So it can be name calling, insulting, putting the person down, criticising them, humiliating them, telling them things like they are worthless, they can’t do anything, laughing at them, and mocking them. All this is emotional abuse.”Here are some of the signs you are in an emotional abusive relationship:1. Your partner degrades you. You are afraid to express yourself in the relationship because your partner bashes your ideas and makes you feel stupid. You are often told that you are useless and on more than one occasion, your boyfriend/girlfriend has expressed that they don’t know why they are even with you.2. You are blamed for everything that goes wrong. Everything that goes bad in the relationship is blamed on you. It’s your fault your partner lost their job and it’s your fault the family is struggling financially. Your partner also never ceases to let you know that you are the reason they cheat with other individuals because you can’t please them in bed.3. You are treated like an object. Your spouse treats you like their property. He/she tells you which friends to hang out with, what to wear and where you are allowed to go. They even keep you away from your family and never take into account your feelings. You basically feel trapped in the relationship because you are not free to be you.4. You are forced to put your partner’s needs before yours. You are commanded to stay up late in the nights and do your partner’s laundry while he dozes away or stays out late with friends. “It’s a situation where there is no compromise,” said Dr Salter. You sacrifice yourself in hopes that you will avoid his usual lecture where he goes on and on about how worthless you are. It has got to the point where you even start to believe that you are worthless.5. You are never celebrated. Your partner makes you seem unaccomplished by trivialising all your accomplishments. They tell you that you only got the promotion at work because you slept with the boss or that you were able to receive your degree because you flirted with your lecturers throughout your university tenure.6. You believe you are losing it. You are extremely unhappy in your relationship, because you feel unappreciated. You spend most of your days monitoring your partner’s movements because you feel they are cheating, and you find yourself becoming very withdrawn from life and you don’t see any redeemable qualities in yourself. You keep on telling yourself you are going crazy.7. You have no control. Your partner is the one who controls the finances and every other aspect of your relationship. You have to produce a list of things you plan to buy each week before they can give you any money, and any money you earn at work has to be turned over to them. They also control the car and have full access to your phone and email accounts.8. You are afraid to confide in your partner. You are terrified of sharing normal happenings with your husband because you are not sure how he will react. You are afraid to tell him that your boss has asked you to work overtime, or that your car needs a new part, or that your toddler fell while running Share Tweetcenter_img Share 28 Views   no discussions HealthLifestyle 8 ways to tell you’re being emotionally abused by: – April 13, 2013last_img read more

Man dies in Zaragga road mishap

first_imgResident Jr Brazas died of injuries onthe body, a police report showed.  Officers of the Zarraga municipalpolice station were investigating the incident./PN ILOILO City – A man died in a roadmishap in Barangay Gines, Zarraga, Iloilo.center_img According to police investigators,Brazas lost control of his motorcycle after he tried to avoid a man on Thursdaynight.         last_img

Remaining Champions League games to be played in Lisbon

first_img Loading… It is claimed that the remainder of the tournament could be played in one city and the report states that Lisbon is expected to beat off competition from Frankfurt and Moscow to stage the games. Read Also: Arsenal fans want Wenger back as new chairman There is a meeting of the UEFA Executive Council scheduled for next week where there is expected to be further clarification of how this season’s tournament will be completed. Barcelona were held to a 1-1 draw in Napoli in the first leg while Madrid fell to a 2-1 home loss to City, while Atletico Madrid are already in the quarter-finals having eliminated Liverpool while Valencia were ousted by Atalanta. FacebookTwitterWhatsAppEmail分享 The Blaugrana face Italian side Napoli in their second leg, originally scheduled to be played in the Camp Nou, while Zinedine Zidane’s Madrid were due to travel to England for the second leg of their clash against Manchester City. Diario Sport cite a report from German outlet Bild that the four remaining games in this round – including Bayern Munich against Chelsea and Juventus taking on Lyon – will be staged in the Portugal capital.Advertisementcenter_img Barcelona and Real Madrid will reportedly play the second legs of their Round of 16 Champions League ties in Lisbon.last_img read more

Leon Balogun will be instant hit for Rangers says Wright

first_img FacebookTwitterWhatsAppEmail分享 Super Eagles defender Leon Balogun has been tipped to be an instant hit for  Rangers as  he sealed a deal with the Scottish Premier league side. Former Wigan recruitment analyst Dougie Wright whose recommendation fetched Balogun the initial six month deal at Wigan following the expiration of his sojourn with Brithton, insists that the Nigeria currently possess the ingredients to help Rangers Manager Steven Gerrard achieve his dream of  halting Celtic’s quest for 10 titles in a row. “If you look back when we played Stoke at the DW a couple of weeks ago, he took the ball out from the right-hand side of defence, marched forward then did a pirouette on the half-way line as he went past a Stoke attacker. “That shows how confident he is in possession and I can see why that will be a big attraction for Steven Gerrard. Is he the missing ingredient that he’s been looking for? Potentially, yes. “Looking back, I don’t think there was a better centre-back in the Championship than Leon last season.Advertisement Loading… “He was so comfortable and absolutely strolled it. He made those around him better by how good he was”, enthused Wright. Balogun who has made over 32 appearances for Nigeria is on the verge of securing a two-year deal at Ibrox after leaving Wigan. Wright opined that he  expects Balogun to handle the hectic schedule as Gers prepare for a season that is likely to have little breathing space given the effects of the Covid-19 crisis. Read AlsoBalogun: Draw against Charlton not the best we could offer “We brought in Leon at the end of the January window and he very quickly broke into the first team,” he said. “He hadn’t played much for a few months but he adapted to the Championship very, very quickly. Rangers travel to Germany next month for the delayed second leg of their Europa League last 16 showdown with Bayer Leverkusen Promoted Content9 Facts You Should Know Before Getting A Tattoo6 Interesting Ways To Make Money With A Drone8 Fascinating Facts About CoffeeThe Highest Paid Football Players In The World8 Superfoods For Growing Hair Back And Stimulating Its GrowthThe Very Last Bitcoin Will Be Mined Around 2140. Read More11 Most Immersive Game To Play On Your Table TopBest & Worst Celebrity Endorsed Games Ever MadeTop 10 Disney Male Role ModelsBirds Enjoy Living In A Gallery Space Created For ThemEver Thought Of Sleeping Next To Celebs? This Guy Will Show YouWhich Country Is The Most Romantic In The World?last_img read more

New members added to BCEF

first_imgBatesville, IN—The Batesville Community Education Foundation is pleased to announce that Leacarol Bennett, Eric Benz, Sammie Hardebeck, Mindy Koehne, and Ashley Walls have been named to three-year terms on the BCEF Board of Directors. These five individuals join 12 other volunteers who currently serve on the BCEF board.last_img

Silva warns against complacency

first_imgManchester City playmaker David Silva is wary of arch-rivals Manchester United and accepts there is little room for error in the title race. Of those, the derby against fallen champions United at Old Trafford next Tuesday is starting to loom large. Attention will shift fully to that game after Saturday’s home clash with struggling Fulham and Silva admits City’s proven superiority over United this season could count for little on the night. The Spaniard said: “First thing, we have to think of Saturday, but a derby is a derby. “At the moment we are better but in any derby anything can happen. “So we just have to go out and win the matches. It’s a derby but the powers (in the city) don’t shift in derbies. “We have won (there) the last two years, and hopefully this will be the third one.” Silva also believes what happened to Chelsea last weekend should serve as a warning that City cannot afford any complacency in such a competitive league. And with Liverpool and Arsenal also still in contention for the title, any slip-ups could be seized upon by rivals. Silva said: “In this league every game is difficult and it’s important to keep your focus. “It happened to them (Chelsea) and it has happened to us – every game is difficult and anyone can beat anyone. “This is why you have to fight all the way to the end in every single match.” Silva, 28, was speaking at the Blue Planet Aquarium in Cheshire at a promotional event for the Anfi Group, a luxury holiday company based in his home of Gran Canaria, and of which he is an ambassador. He said: “I have special links because my mother worked for them and it’s the place where I grew up. “And it’s the place I always plan to go back to. I’m extremely proud to represent this company.” Silva’s immediate concern is the visit of Fulham at the weekend. The Premier League is now City’s sole objective after their recent exits from the FA Cup and Champions League. Silva said: “These next two games are important, but we have to go match by match. “All the matches now are like finals and we have to win them all. They are very important games for City now. “It’s a very good situation to be in, to have your destiny in your own hands. “Also it could play against us, but overall I think to be in the position where if we win all our matches we are champions is a good place to be. “We have to carry on now and use that to our advantage.” Silva scored a superb goal to set City on their way to a 2-0 victory with 10 men against Hull last weekend. Given the circumstances after Vincent Kompany was sent off, and coming after damaging losses to Wigan and Barcelona, it was a strike that might have provided momentum for the run-in. Silva said: “It was a good game for me, and it was a difficult game for us with 10 men. “We were able to turn it around and hopefully it’s the start of a good end to the season for us. “I hope we win the Premier League. Two trophies for (manager) Manuel Pellegrini in his first year would be a good year. “I thought we were slightly unlucky in the Champions League against Barcelona. Yes, the FA Cup was a big disappointment for us.” :: David Silva has renewed his position as ambassador for the Anfi Group, a luxury holiday company and one of the biggest employers in his home town of Arguineguin, Gran Canaria. City strengthened their status as favourites for the Barclays Premier League crown as they won at Hull last weekend while leaders Chelsea slipped up at Aston Villa. Those results left City trailing the Londoners by six points with three games in hand, but they still have a number of difficult fixtures among the 11 they have remaining. Press Associationlast_img read more

Townsend brimming with pride at win

first_img “But the effort in defence to keep them out was superb.” Having seen off the Heineken Cup semi-finalists, Warriors now face either Leinster or Ulster in the final on May 31. But Townsend warned: “We’re not finished yet, we still have work to do. “Thankfully we now have two weeks left because if it had been next week, we would have found it tough putting out a team. We have a few bumps and bruises but with a fortnight to prepare, who should be okay.” Varley’s try was only given after referee Marius Mitrea called in the TMO but the visitors were denied a second score on the half hour after Simon Zebo appeared to cross over. However, the TV judge could not get a suitable view of the incident and the try was disallowed. Munster head coach Rob Penney said: “It doesn’t get much worse, obviously the whole squad is very, very disappointed but they gave it a good crack. “The boys really fronted up today, that’s all we asked of them. “But I thought not having an in-goal camera was crucial. I just couldn’t believe it when we looked upstairs and, in a semi-final, there’s no in-goal camera to confirm or deny a try. It was a very crucial part of the game and that blows me away.” Press Association They had to fight back from losing an early score to the Limerick outfit’s hooker Damien Varley but responded with three Finn Russell penalties to lead at the break. Prop Gordon Reid then touched down six minutes after half-time as Russell’s conversion put Glasgow nine points up. But a try by Sean Dougall and a penalty from Ian Keatley saw the visitors close to within a single point. Glasgow stood strong, though, and Townsend said: “That is the proudest moment of my coaching career, without a doubt. “To be involved in a game like that, when the players put everything into it but also show skill and talent, is fantastic. “Munster played top-quality rugby. They came right at us and were 7-0 up when we had the wind behind us. “We knew it would be tough but we played well too. It was important that we got ourselves ahead because Munster have been in these kind of situations a lot over the last 15 years and when they get in front, it’s very tough to get it back. “We just had to keep our discipline. When our lead was cut to just a point, we could easily have given away a penalty just for going offside and cost us the match. The Warriors boss watched his players hang on to claim a narrow 16-15 win against Munster at Scotstoun to make rugby history. Having lost their three previous last-four clashes, Townsend’s team are now the first Scottish side to reach a Pro12 final. Glasgow boss Gregor Townsend said seeing his side book a RaboDirect Pro12 final slot was the proudest moment of his coaching career.last_img read more

Authorities respond to shooting in Sebastian, Florida

first_imgAuthorities in Sebastian, Florida are currently responding to a shooting at a restaurant.The incident was reported at Giuseppe’s Pizzeria on 935 Sebastian Blvd.Not much is known about the incident at this time, however, authorities have set up an area to speak with the media.Authorities are also asking people to avoid the area.last_img