Google+
Subscribe to: Newsletter      Comments      News

Following the success of its 7th edition in Paris, Digital Woman’s Day (JFD, for Journée de la Femme Digitale) (www.LaJourneedelaFemmeDigitale.com) is unveiling the highlights of its first event in Africa, on the theme of ‘Women: World Changers’ which will take place on 13 and 14 June in Dakar, Senegal. A first on the African continent for this event founded in 2013 by Delphine REMY-BOUTANG, which places the spotlight on and helps network the women working to revolutionise the world through digital technology every year.

 

“We are honoured that the Senegalese capital has been chosen as the international platform to launch Digital Woman’s Day in Africa. Our country has great ambition when it comes to strengthening and developing ICT and creating a sustainable digital economy, which we support through a multitude of initiatives like the project ‘Dakar Digital City’,” explains Soham EL WARDINI, Mayor of Dakar.

After the Oscars and the Césars… the Margaret Awards!

The Margaret Awards pay tribute every year to Margaret Hamilton, the NASA computer scientist who worked to accomplish the first human step on the Moon. The award rewards one digital woman working to shape a better world.

 

For this event, the award will place the spotlight, for the first time in Africa, on the winner of the 1st edition of the JFD Margaret awards, Arielle KITIO, founder of Caysti, and the Margaret of Honour, Rebecca ENONCHONG, founder of AppsTech. These two African entrepreneurs will receive the congratulations of the Senegalese Minister of Telecommunications and the Digital Economy, Ndeye Tické NDIAYE DIOP, as well as Babacar KANE, General Manager for IBM Senegal & West African States.

 

The speakers announced for Digital Women’s Day in Dakar include a number of renowned female leaders and entrepreneurs in the digital sphere: Yacine BARRO-BOURGAULT, country manager for West and Central Africa at Microsoft, Diana BRONDEL, founder of Xaalys, Virginie DIAS-TAGNON, Human Resources Director for the L’Oréal Group in Africa, Nafissatou DIOUF, founder of SenVitale, Momar NGUER, President, Marketing & Services at Total, and Afua OSEI, co-founder of She Leads Africa.

 

Discover the full programme and the speakers attending on 13 June: LaJourneedelaFemmeDigitale.com/en/jfd-dakar-en/

On the agenda for this 1st edition, education, confidence and financing with the aim of accelerating diversity in the digital world.

 

“Because the Internet has no borders, we need to build bridges between continents, between these women entrepreneurs who are changing the world. We need to do this not only in Europe, but in Africa, which has the world’s highest number of women entrepreneurs. We believe in the power of collective strength, at both local and international level, in overcoming the challenge of better representation for women,” says Delphine REMY-BOUTANG, CEO of the bureau and co-founder of Digital Women’s Day.

 

14 June in Dakar: the JFD Learning Expedition

The 14 June will be dedicated to exploring the cutting-edge ecosystem of entrepreneurship and technological innovation in Dakar, in partnership with the telephone operator Orange-Sonatel.

“Partnering with the first edition of Digital Women’s Day in Africa is a symbol for us, it sends a strong message. It confirms our commitments to the issues of diversity and parity in the digital sphere on the continent, and to allow the general public to discover this teeming ecosystem of groundbreaking talent and innovative initiatives led by women in the digital ecosystem,” says Rokhaya Solange NDIR, Head of Division, Digital Ecosystem Relations, Sonatel.

 

Sonatel Academy, the first free coding school in Senegal, is one of the key actors in the sector that is opening its doors for the JFD Learning Expedition, organised with the generous participation of several influential digital women in the sub-region.

 

Jokkolabs, the first collaborative work space in West Africa, the Société Générale Innovation Lab and the CTIC, one of the most powerful incubators in the sub-region, the Kinaya Lab platform, Festic which focuses on ICT and stakeholders in development and the Fodem Development Fund and Municipal Solidarity, will also be opening their doors.

 

 

In addition to these visits, the JFD Learning Expedition will enable participants to try out the latest innovations and to discuss with local investors and entrepreneurs.

Did you like this? Share it:

Huawei Mobile Services held the first Developer Day in Europe, celebrating the existing and new partnerships by showcasing the common vision of the future, and the unstoppable growth of our jointly built consumer services, including top quality content discovery through user-centric storytelling, improved technical capabilities for developers, AI-powered tools, and much more. Huawei also announced HUAWEI Ability Gallery, bringing next generation intelligent connection between developers and users.

 

“Huawei Mobile Services are designed to enhance our users’ experience by connecting them with the most suitable content for every moment of their daily lives. This is achieved thanks to our intelligent, contextual distribution ecosystem. Partners gain access to Huawei’s fast-growing user base, whilst Huawei manages the editorial and technical optimization of our services.” said Dr. Jaime Gonzalo, Vice President of Europe Mobile Services, Huawei Consumer Business Group.

 

 

Huawei offeres a full-range apps distribution solution to developers such as OOBE (Out-of-box experience), AppGallery, AppAdvisor, etc. Huawei covers the entire application experience life cycle, and supports the story-telling of each unique content provider to a broad user group.

In line with the rapid growth of its Consumer Business and Device Groups, Huawei continues to expand its partner system to immerse and enrich each user’s mobile life with premium services.

The HUAWEI Ability Gallery is now one of the most important parts in Mobile Services’ ecosystem, serving as a platform that directly promotes services to users by assessing the users intent and actively recommending the matching “abilities”. Once integrated, developers’ services can reach multiple touch points across Huawei’s intelligent devices and a wide, global audience, helping them achieve their own growth goals in a lower integration cost.

“We provide a global intelligent distribution platform with a range of open capabilities and one-stop services for partners, to foster innovations.”, said Jervis Su, Vice President of Mobile Services, Huawei Consumer Business Group. “Huawei Ability Gallery provides enormous value to users by intelligently offering faster and more convenient services, and we are looking forward to working with our premium partners to provide best-in-class content and services to our users.”

 

 

Huawei Mobile Services already gathers more than 500 million global users, including more than 38 million in Europe, with its business covering more than 170 countries. It provides a trusted, device-centric and inter-connected ecosystem that makes life easier for users, helping them to discover quality content while ensuring security and privacy.

Huawei also provides its partners with open capabilities including HMS core, HiAI, AR and Camera Kit, etc. to engage their digital innovations based on Mobile Services platform, provide intelligent one-stop services for developers and partners.

Did you like this? Share it:

Ahmad Farroukh, Smile Group Executive Director Operations, appointed as Group CEO; Irene Charnley, founder of Smile, appointed as Deputy Chairman.

Smile Telecoms (www.Smilecoms.com), a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania and the Democratic Republic of the Congo, today announces the appointments of Mr. Ahmad Farroukh as Group Chief Executive Officer and Ms. Irene Charnley as Deputy Chairman, respectively, effective 1 June 2019.

 

Ahmad Farroukh, who currently serves as Smile’s Group Executive Director Operations, is a seasoned and experienced telecoms executive with a distinguished record of commercial and operational success. Mr. Farroukh’s vast experience extends to executive management positions at Investcom Holdings and the MTN Group (where he served as CEO of MTN Nigeria, MTN South Africa and Group Chief Operating Executive, responsible for 19 countries) and immediately prior to joining Smile, as CEO of Mobily, Saudi Arabia’s second largest telecommunications operator. Given the extent of the opportunity and the significance to Smile, Ahmad will spend the majority of his executive time in Nigeria.

 

Hailed as one of Africa’s most successful business leaders, Smile Telecoms founder and shareholder, Irene Charnley has led the Company’s innovation and pioneering of Africa’s first 4G LTE network infrastructure, using low band spectrum in 800MHz band. thereby revolutionizing the way people in Africa accessed high speed internet. After 12 years at the helm, Ms. Charnley will now serve as Deputy Chairman for the Company and will fulfil a strategic role.

 

Commenting on the announcement, Mohammed H. Sharbatly, Smile’s Co-Chairman and Group CEO of Smile’s majority shareholder, Al Nahla Group of KSA, said “The Africa telecoms market is as dynamic as it is challenging, and Ahmad is suited to lead Smile’s next exciting phase of growth, as we have transitioned from a spectrum rich upstart to the fastest, most reliable data gigabyte factory in Sub-Sahara Africa. We are equally delighted that Irene will continue to serve the company she founded as Deputy Chair, and we look forward to her ongoing strategic direction and guidance.”

 

“The next phase for Smile will focus on delivering excellent operational returns, achieving profitability and creating value for all stakeholders, and I believe that Ahmed is best suited to lead the Company forward in this regard”, added Irene Charnley.

“Africa is experiencing explosive data growth, and I am honoured to have the opportunity to lead the operations of one of the continent’s best 4G LTE networks at this exciting time. It has also been a revelation after over 20 years in the industry to witness the power and versatility of Smile’s proprietary technology applications platform, which was developed in-house and provides a huge competitive and cost advantage,” concluded Ahmad Farroukh.

Did you like this? Share it:

How Galaxy A is Connecting with Mothers

Posted by radio On May - 18 - 2019 ADD COMMENTS

The Galaxy A series has a surprisingly perfect market in South African moms

 

 

Mum’s have less time than ever before
• Technology needs to adapt to different mum’s needs
• Galaxy provides caters to specific needs and budgets

 

As any mum will tell you, when a woman becomes a mum she has to squeeze a dozen more hours into her day. The trade-off is fewer hours for herself. Whether she’s a helicopter mum, BFF mummy or career mum, smartphones have at least helped to ease the burden of ticking off the impossible number of tasks on her to-do list. And if saving money is on her list, the Galaxy A Series offers the unique opportunity to own a phone that has the flagship features she wants, while still staying on top of her home’s budget. The Galaxy A Series includes immersive viewing experiences, longer lasting performance and ground-breaking cameras.

 

“Galaxy A is designed to provide an option for everyone, whether for first-time mobile users or value-seekers,” said Justin Hume, Director: Integrated Mobility at Samsung South Africa.” We focussed on the needs of the local market and have researched the unique preferences to bring the flagship experience to more people, in more ways.”

 

While the A Series now has wide appeal to everyone, it really makes a difference to mums. Whether at home, out and about or at the office, the Galaxy A really delivers. Of course not all mums have the same needs. Some are struggling to get a few minutes sleep as they grapple with their new-born’s sleeping cycle. Others spent hours teaching their little learner about subjects even they’re unsure about. And some find themselves staring at a moody teen wondering what happened to their cute bundle of joy.

The A Series caters to all these needs; the pixel perfect pictures needed to capture the precious moments, vivid, immersive screens to enjoy any downtime that’s available and long lasting battery to keep going despite having a million things to do. All you need to do is choose the A Series device that best suits your specific needs. It’s all about amazing value. Whether you choose the entry level A2 Core with its 5-inch screen and surprisingly strong processor or the power packed performances of the rest of Galaxy A, the whole series is a mum’s best friend.

 

Designed for those on-the-go, the A20 and A30 are both equipped with a powerful 4,000mAh, fast charging battery. They are also a visual feast. The edge-to-edge 6.4”, Super AMOLED Infinity-U displays are ideal for watching videos, messaging, gaming and browsing the endless stream of ‘How to’ videos. Created for a more seamless mobile experience, they include advanced camera features such as a dual camera, including an amazing Ultra Wide-angle lens, that can see more than your own eyes can. Yes, even wider than the most eagle-eyed mum’s eyes. And to keep your precious pics safe, there’s the simple, secure access with intuitive Face Unlock.

 

Ultimately, the entire A series is power-packed with innovations and upgrades to do so much. When compared to competitors in its price category, the A series is an all-round winner for every type of mum.

Did you like this? Share it:

FROM ADILAH TO THE HARD ROCK! THEMBISILE NTAKA SHARES HER MUSICAL JOURNEY!

Afro-soul singer Thembisile Ntaka rose to fame as the lead singer of the Coca Cola Popstars winning group Aadilah in 2003 and years later, she gets to share her musical journey with the Hard Rock Cafe crowd on Thursday 23rd May from 20:00.

 

 

She has worked with the likes of Nduduzo Makhathini, Zwai Bala and many big names. Growing up, she looked up to the likes of Brenda Fassie, Rebecca Malope and she still can’t believe she is living her dream.

 

LASA Sessions (Love All Serve All) are a weekly musical experience at the Hard Rock Cafe Sandton, a true celebration of African music. The shows have had a wide array of musicians, the likes of Nduduzo Makhathini, Brenda Mtambo, Msaki, Buhlebendalo, Berita, Zoe Modiga and MXO among others.

 

 

The show is from 20:00 with tickets available at Webtickets www.webtickets.co.za for R100 and for R120 at the door.

Did you like this? Share it:

The B-BBEE ICT Sector Council welcomes the announcement by the Minister for Trade and Industry, Dr Rob Davies, that the shares held by government in Telkom will count as having BEE Facilitator Status.

The B-BBEE ICT Sector Council (the ICT Sector Council) was established in 2015 to give effect to the alignment of the ICT Sector Code with the Revised Generic Codes of Good Practice and to thereafter take responsibility for transformation within the ICT Sector. The Amended ICT Sector Code came into force on 7 November 2016 and covers entities in the Broadcasting, Electronics, Information Technology and Telecommunications sub-sectors. Telkom SA SOC Ltd (Telkom) is a measured entity in terms of the Amended ICT Sector Code, recognised as a BEE Level 4 Contributor for the period 2018/2019.

 

Following the publication of Notice 58 of 2019 dated 1 February 2019, the ICT Sector Council investigated the origin of the application for BEE Facilitator Status and consulted with stakeholders to establish the potential implications of such status for transformation within the Sector.

 

The ICT Sector Council understands the unique position of Telkom insofar as ownership is concerned, with the SA Government as a shareholder. The ICT Sector Council is sympathetic towards Telkom’s wish to achieve recognition as a BEE Contributor at the best possible level in order to be competitive and to support transformation in the supply chain. It is our understanding of the BEE Facilitator Status that it is intended to enable measured entities that benefit from public funding that is secured by shares in such entities to have the Black ownership of these shares recognised.

 

Mr Andile Tlhoaele, Chairperson of the ICT Sector Council, confirmed that this would improve Telkom’s BEE rating and enable it to compete fairly in the market. “The ICT Sector Council had engaged with Telkom and the Department of Telecommunications and Postal Services to support this move and is delighted that Telkom can move forward with transforming the telecommunications sub-sector,” added Tlhoaele

 

The ICT Sector Council is responsible for developing, reviewing and publishing the B-BBEE Amended ICT Sector Code (the ICT Sector Code). The ICT Sector Council is also mandated to monitor the implementation of the ICT Sector Code and report its progress to Honourable Minister Ms Stella Ndabeni-Abrahams, President Cyril Ramaphosa’s Advisory Council on BEE, Honourable Minister Dr Rob Davies and the B-BBEE Commissioner Ms Zodwa Ntuli.

Did you like this? Share it:
  • Netflix has ordered Black Excellence, their first series project with Kenya Barris with Barris and Rashida Jones set to star.

  • Inspired by Barris’ irreverent, highly flawed, unbelievably honest approach to parenting, relationships, race, and culture, Black Excellence looks to pull the curtain back and reboot the “family sitcom” in a way we’ve never seen before.

 

  • Barris and Jones will executive produce alongside Hale Rothstein (black-ish, grown-ish). The single-camera comedy will be produced through Barris’ production company, Khalabo Ink Society, under the multi-hyphenate’s overall series deal with the streamer.

 

  • Black Excellence marks Barris’ first series with Netflix since making the streamer his home less than a year ago. Barris hasn’t been shy about his desire to flip the family sitcom and what it looks like on its head; and with the series officially launching its writers room last month, he is wasting little time getting to work on exploring and pushing those boundaries.
Did you like this? Share it:

Game of Thrones S8 Ep 5 Preview

Posted by radio On May - 11 - 2019 ADD COMMENTS

If you haven’t watched episode 4 of Season 8 of Game of Thrones yet, look away!

** WARNING: SPOILERS AHEAD **

Euron properly destroyed Danaerys’s fleet. It was a whitewash, made more so when the dragon Rhaegal was shot from the sky by scorpion bolts. It really does feel like Queen Cersei is holding all the cards now – with one brother, Tyrion, pleading futilely for the life of Missandei, and Jamie up and leaving Ser Brienne in Winterfell to return to his twin’s side.

Binge watch Game of Thrones from the beginning on Showmax »

How can two more episodes wrap up all these plot twists? We find out in this preview of Game of Thrones episode 5.

From the looks of things, Tyrion is properly gobsmacked at every turn as the army of the North and what remains of Danaerys’s legions gather at the gates of King’s Landing. The only one who looks more astounded is Euron, who is peering into the sky as if seeing… a dragon, of course. The Internet is rife with speculation that there may, in fact, be more than one dragon that Euron is seeing up high. Is it possible?

Watch the penultimate Game of Thrones S8 on Mondays on M-Net (101) at 03:00 and again at 22:00 on M-Net and Showmax.

 

 

[Source: Dstv.com]

Did you like this? Share it:

Samsung has announced its strategic partnership with Syte to power the first native visual AI marketplace within Samsung devices – ground-breaking technology which is now expanding to South Africa. Syte’s visual AI technology will be powering Bixby Vision’s Shopping Assistant, enabling users to browse and shop visually similar products directly from their camera and through a gallery of similar products including Superbalist, Zando, Cotton On, Wantitall, Homechoice and Bid or Buy.

 

“South Africa has enthusiastic consumers that expect engaging and convenient experiences that fit their lifestyle. We therefore decided to expand our partnership with Syte so our devices deliver just that. With visual search, South Africans can shop with ease, and connect better with their favourite retailers and brands and vice versa,” said Justin Hume, Director: Integrated Mobility at Samsung South Africa.

 

Syte retail clients will populate the shopping results, which means unprecedented access to high quality, purchase-ready traffic to retailers. Samsung aims to create the first visual AI ecosystem, where real-life inspiration leads directly to product discovery and purchase, all powered by Syte’s leading visual AI technology for retail. In a strategic decision by Samsung and Syte, the retailers that appear on the shoppable feed will create a consistent experience driven by visual inspiration, all the way from snapping a picture to check-out.

 

“We are thrilled that more and more consumers are going to experience the power of visual search. Our partnership with Samsung and its expansion to South Africa are meaningful achievements for us. By powering the end-to-end journeys of shoppers, we bring more value and increase the engagement between our retail clients and consumers,” said Ofer Fryman, CEO of Syte.

 

Ultimately, Samsung’s Bixby is being enhanced in many innovative ways. With Bixby Vision already built into the camera on select Samsung devices, you can translate foreign languages, identify landmarks or businesses to learn more about them and even keep track of calories so that each meal fits into your health goals. Along with Bixby Shopping, Samsung continues to push the boundaries of artificial intelligence even further. As a human-centred company, this is all aligned to Samsung’s greater vision of helping people ‘Do What You Can’t’.

 

Supported devices for Bixby Vision and Shopping include Galaxy S10+/S10/ S10eS9/S9+Note8/S8/S8+/A7 2018/A5 2018

Did you like this? Share it:

Reports quarterly operating profit of KRW 6.2 trillion (R76.3 million) on sales of KRW 52.4 trillion (R64.54 million)

 

Samsung reported financial results for the first quarter ended 31 March 2019. The Company posted KRW 52.4 trillion (R64.54 million) in consolidated quarterly revenue and KRW 6.2 trillion (R76.3 million) in quarterly operating profit. First quarter earnings were weighed down by the weakness in memory chips and displays, although the newly launched Galaxy S10 smartphone logged solid sales.

The Semiconductor business saw a drop in memory chip prices as inventory adjustments continued at datacentre companies, while demand for high-density memory for mobile phones increased thanks to new flagship smartphones. Earnings improved at the System LSI and Foundry businesses over the sales of smartphone application processors (APs). The Display Panel Business reported a quarterly loss due to decreased demand for flexible displays and increasing market supplies for large displays.

 

In the IT & Mobile Communications (IM) Division, despite solid sales of the Galaxy S10, profitability in the mobile business declined YoY as competition intensified in the low- to mid-range segment. In addition, amid softer demand in the overall smartphone market, revamping of the Company’s mass-market line-up led to a YOY decrease in sales volume. Earnings from the Network Business increased, buoyed by the launch of 5G telecommunication service in Korea. Sales of premium TVs such as QLED TVs and ultra-large size models contributed to the YOY earnings growth in the Consumer Electronics (CE) Division.

 

Looking ahead to the second quarter, Samsung expects limited improvement in the memory chip market, as demand will likely begin to improve for major applications such as mobile products but price declines will likely continue. Demand is seen increasing for APs and CMOS Image Sensors in the System LSI and Foundry businesses. For Displays, Samsung expects higher demand for rigid panels. The IM Division is set to focus on flagship products such as the world’s first 5G smartphone and the enhanced mass-market lineup with innovative cameras and display features. The CE Division is likely to report growth in the second quarter on strong seasonal demand for air conditioners and sales of new premium TVs. For the second half of 2019, the company expects memory chip demand for high-density products to increase but uncertainties in the external environment will persist. A further recovery is seen for the Display Business as demand for flexible screens is set to rise on new smartphone launches

 

Growing competition in the mature TV and smartphone markets is expected to pose a challenge in the second half and Samsung will focus on strengthening its leadership in the premium segment. Over the mid- to long-term, the Company aims to strengthen competitiveness of key businesses by diversifying applications and delivering innovations in components and new device form factors. Samsung will also continue to expand its capabilities in automotive technology, leveraging HARMAN’s solutions and in artificial intelligence. In the first quarter, Samsung’s capital expenditure totaled KRW 4.5 trillion (R55.4 million), including KRW 3.6 trillion (R44.3 million) spent on semiconductors and KRW 0.3 trillion (R3.6 million) on displays.

 

Semiconductor Sees 2H Demand Improvement Despite Uncertainties

 

The Semiconductor business posted consolidated revenue of KRW 14.47 trillion (R178.2 million) and operating profit of KRW 4.12 trillion (R50.75 million) for the quarter. Overall, the Memory business saw demand for NAND and DRAM steadily weaken amid macroeconomic uncertainties, weak seasonality and inventory adjustments by datacentre firms. This weakness was partially offset by increased adoption of high-density memory products for mobile and launches of flagship smartphones. In the second quarter, the overall memory market is likely to remain slow during weak seasonality, although the company expects demand for some applications to gradually improve. For NAND, demand for high-density server SSD such as All-Flash-Array is expected to increase, while launches of high-end smartphones with 256GB and higher storage will likely keep demand stable in the second quarter. For the second half, NAND demand is expected to grow across key applications as prices soften. Samsung will seek to actively generate new demand while responding to customer demand for high-density memory and also strengthen cost competitiveness by expanding supply of 5th generation V-NAND.

 

For DRAM, server demand will likely improve among datacentre companies with lower inventory levels, starting from the end of the second quarter. PC demand is seen increasing, while high-density adoption in new smartphone models is set to help demand for mobile DRAM. The company plans to actively address demand for differentiated high-end products, such as LPDDR4X for mobile devices, while also focusing on the transition to 1Y-nm in major applications. As for the second half, DRAM demand is expected to rise thanks to seasonal effects despite lingering uncertainties. Also, demand for high-density products for server and mobile products is likely to be solid due to expanded adoption of new CPUs in servers and the trend toward high-density in mobile. Samsung plans to flexibly manage its capacity and strengthen competitiveness by ramping up production of 1Y-nm products.

 

For the System LSI Business, despite slowing demand for image sensors amid weak smartphone seasonality, earnings improved in the first quarter on the back of increased supply of APs and modems. The Company also successfully commercialised the world’s first 5G chipset solution. In the second quarter, earnings for the business are expected to improve slightly as demand for image sensors and DDIs recovers and demand for 5G chipsets rises. In the second half, despite sluggish demand, smartphone makers are expected to continue to adopt high-spec components. Samsung plans to expand its line-up of image sensors and 5G chipset solutions to address demand for high-end mobile phones. It also plans to diversify product offerings with 3D/fingerprint-on-display sensors and chips for automotive and IoT applications.

 

For the Foundry Business, earnings were stagnant QoQ due to sluggish global foundry conditions and weak seasonality in the smartphone market. The Company began mass production of 5G and IoT mobile products by adopting the eMRAM process and secured new orders for computing chipsets through FinFET 8-nm process. Looking ahead, Samsung aims to strengthen its competitiveness through tape-out of the EUV 6-nm process and by completing 5-nm process development. In the second half, based on its mass production of EUV 7-nm process, the company will focus on developing the EUV 4-nm process and the next-generation architecture.

 

Display Sees Moderate Improvement In 2Q

 

The Display Panel Business reported KRW 6.12 trillion (R75.4 million) in consolidated revenue and KRW 0.56 trillion (R689.7 million) in operating loss in the first quarter. It posted an operating loss due to weaker profitability in both mobile and large displays. Mobile displays suffered slower demand and intensifying competition with LTPS LCDs. Large displays also took a hit from a continued decline in LCD panel prices amid weak seasonality. Looking ahead to the second quarter, Samsung expects limited improvement to earnings as demand for flexible displays is likely to remain weak. The company will focus on improving earnings by boosting sales of rigid OLEDs and offering differentiated products featuring new technology such as Infinity Display and fingerprint-on-display.

 

For large displays, the company forecasts growing demand for value-added products such as large-sized and high resolution TV panels in the second quarter, although concerns over supplies continue. It will focus on actively addressing demand for its core products, providing differentiated technology and improving cost structure. In the second half, demand for flexible smartphone OLED panels is expected to rebound although pressure on LCD panel prices will persist. Under these circumstances, Samsung will actively respond to demand from major smartphone customers and broaden its OLED business scope with new applications.
As for large displays, despite uncertainties from capacity expansions in the LCD industry, the company expects demand for the premium TV panels to continue to grow including UHD, 8K and ultra-large TVs. In response, it will strive to improve profitability by focusing on value-added products.

 

Mobile Supported by Strong Galaxy S10 Sales

 

The IT & Mobile Communications Division posted KRW 27.2 trillion (R335 million) in consolidated revenue and KRW 2.27 trillion (R33.5 million) in operating profit for the quarter. Overall market demand for smartphones decreased QoQ as the industry moved into a seasonally weak period, but Samsung reported a QoQ rise in revenue thanks to solid sales of the Galaxy S10. However, growth in smartphone shipments was limited as sales of previous models fell due to a line-up reorganisation of mid- to low-end products. Increased expenses from adoption of high-end features, marketing and the line-up revamp pressured profitability. Earnings for the Networks Business also improved thanks to the commercial launch of 5G in South Korea. Looking ahead to the second quarter, as weak seasonality continues, market demand for smartphones is expected to increase slightly QoQ. Samsung will strengthen its product line-up through innovations such as Galaxy S10 5G and Galaxy A80 and continued reorganisation of its product offerings.

 

For the second half, despite intensified market competition, Samsung expects smartphone sales to increase led by new models in all segments from the Galaxy A series to the Galaxy Note amid strong seasonality. In the premium segment, the Company will strengthen its leadership through the new Galaxy Note as well as its innovative products such as 5G and foldable smartphones. Samsung also aims to secure profitability by improving cost efficiency. For the Networks Business, Samsung will strive to maintain solid performance in the second quarter on commercialisation of 5G as well as expansion of overseas LTE networks. In the second half, the Company will continue to expand LTE networks globally and supply 5G equipment for markets such as South Korea and the United States.

 

Consumer Electronics Eyes High-Value Products for Growth

 

The Consumer Electronics Division, which includes the Visual Display and Digital Appliances businesses, recorded KRW 10.04 trillion (R128 million) in consolidated revenue and KRW 0.54 trillion (R665 million) in operating profit for the first quarter of 2019. Earnings for the Visual Display Business fell QoQ as the global TV market entered a slow season, but improved YoY thanks to the early adoption of new models. The expansion of premium product sales contributed, as Samsung solidified its global leading position in premium and ultra-large screen TVs. Demand for TVs in the second quarter is projected to weaken slightly due to softening demand from emerging markets. Sales are also seen decreasing from a year earlier because of a lack of global sporting events this year. The Company will seek to improve results through further expanding the sales of high-value-added products such as QLED TVs and bringing forward the introduction of new models. For the Digital Appliance Business, despite a slower global demand, growth in the domestic market has been robust with demand centering on new lifestyle home appliances such as garment refreshers and air purifiers. For the second quarter, the company plans to improve its performance by bolstering sales of air conditioners, expected to be in peak demand thanks to the summer season.

 

Looking ahead to the second half of 2019, the TV market is projected to grow slightly YoY despite global economic challenges. Demand for appliances is also expected to rise compared with the first half as political tensions surrounding global trade ease.

 

 

 

 

Did you like this? Share it:

SAfm makes changes to its 2020 line-up

The South African Broadcasting Corporation’s (SABC) talk radio station SAfm, remains the only national talk radio station with the largest […]

5FM makes changes on station line-up

5FM yesterday announced their changes to the presenter line-up for 2020. The station will continue to focus on a strong […]

Kaya FM wins big at the 10th South African Radio Awards

On 17 April 2020, members of the radio fraternity tuned in from various parts of the country to celebrate the […]

Radio Awards Winners for 2020 announced Online

Winners of The Radio Awards 2020 were celebrated in an online awards ceremony hosted by popular comedian Loyiso Madinga on Friday 17 […]


TAG CLOUD

POPULAR


For more information on COVID-19 and government regulation: Click here