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The Joburg Film Festival, brought to you by MultiChoice, will kick off its six-day celebration of global film on 19 November 2019 with the South African premiere of locally-produced horror film, 8, at the festival hub on Nelson Mandela Square in Sandton

Between 19 and 24 November, audiences will be able to watch a total of 60 films and documentaries from around the world at six venues (within Auto & General Theatre on the Square and at a free outdoor screening area at Nelson Mandela Square); Ster-Kinekor Sandton City; Cinema Nouveau Rosebank; Maboneng’s Bioscope and Kings Theatre in Alexandra) across Johannesburg.

The Festival will play host to a number of stars, producers and directors, who will participate in Q&A sessions after select screenings across the programme, with daily red carpet premieres giving fans the opportunity to meet the stars themselves.

“The Joburg Film Festival offers a multicultural cinema experience in the heart of Johannesburg,” says Joburg Film Festival Executive Director Timothy Mangwedi. “It’s a cinematic feast that showcases thought-provoking, debate-stoking films from around the world, which we can’t wait to share with the people of Johannesburg”.

 

MultiChoice Group Executive Corporate Affairs, Joe Heshu, says that the company’s support of the Joburg Film Festival is aligned to its role as Africa’s most-loved storyteller. “Our platforms have always supported the best in local and international films, with themed pop-up channels dedicated to film festivals. The Joburg Film Festival the physical manifestation of that support of cinema – offering film fans the chance to enjoy interesting, challenging films in the company of key cast and crew and explore their love for movies”.

 

The Joburg Film Festival line-up includes films from South Africa; Nigeria; Mozambique; Brazil; USA; UK; Morocco and more, with a mix of feature films and documentaries showcasing stories that cross cultural boundaries. Local horror film 8 stars Tshamano Sebe, Inge Beckmann, Garth Breytenbach & Chris April – it tells the tale of an old man, fated to collect souls for eternity, who then seeks atonement after trading his daughter’s soul.

 

Idris Elba’s directorial debut, Yardie, tells the story of a Jamaican immigrant in London who becomes consumed with avenging the murder of his older brother. Frances-Ann Solomon’s Hero is inspired by the life and times of Ulric Cross whose life spanned key moments of the 20th Century like WW2, African independence, Black Power, the rise of a new brand of Black leadership around the world – all events that have shaped the world today.

 

Luce, starring Octavia Spencer; Kelvin Harrison Jr; Naomi Watts & Tim Roth sees liberal-minded couple, Amy and Peter Edgar, who are forced to reconsider their image of their adopted son after they discover he has written an extremely disturbing essay for his class at school.

Grace Jones: Bloodlight & Bami delves into the story of larger than life performer and model Grace Jones to discover her as a lover, daughter, mother, sister and even grandmother. The stage is where her most extreme embodiments are realised and her theatrical imagination lets loose: this is where the musical of her life is played out.

Where are you, João Gilbertosets out in the footsteps of German writer Marc Fischer who obsessively searched for the legendary founding father of Bossa Nova, Brazilian musician João Gilberto, who has not been seen in public for decades.

 

Fanney Tsimong’s soulful documentary, My Culture, My Music, illustrates how music has always been a powerful tool within South African culture. A host of South African artists narrate what music and culture mean to them: connecting to the body and soul, healing and providing a sense of being.

 

For a full listing of the 60 films which make up the Joburg Film Festival – and for information on how to book tickets when bookings open on 10 November – visit Joburg Film Festival.

Keep in touch with the Joburg Film Festival on social media, @joburg_film_festival on Instagram, @joburgfilmfest on Twitter and facebook.com/joburgfilmfestival.

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When it comes to award shows, everyone has an opinion. Did Green Book deserve to win the 2019 Academy Award for Best Picture? Was Kacey Musgraves deserving of the 2019 Grammy for Album of the Year? Who could forget the controversy storm caused by Esperenza Spalding’s Best New Artist Grammy win in 2011, beating the likes of Justin Bieber, Drake and Mumford and Sons?

 

What makes the E! People’s Choice Awards (PCA) unique is that they are voted for directly by the general public. It gives winners the ultimate bragging rights to having the most loyal fans.

But the 2019 PCA was particularly unique, as it introduced a new, hotly contested category – 2019 African Influencer of the Year.

We were informed in October that our very own Bonang Matheba had been awarded the accolade, surpassing the likes of Wizkid, Davido, Cassper Nyovest, Tiwa Savage, Minnie Dlamini-Jones and Diamond Platnumz who were nominated alongside her. Knowing our Queen B would attend the awards to accept the historic award, Africans watched eagerly as she offered behind-the-scenes snapshots into the fun via her social media channels, and strutted her stuff across the iconic red carpet.

Expanding her reach

Bonang owned the PCA red carpet in outstanding pink and unmatchable confidence.

Accepting the first ever African Influencer of the Year Award, Queen B thanked E! Entertainment Television for recognising African talent. “I also have the most amazing fans, so thank you to my B-Force and shout out to everyone back in South Africa,” she gushed.

Earlier this year, Bonang won the Inspiration & Influence Award at the Global Social Awards in Prague, and we’re sure she’ll continue to bag international awards after her permanent move to that side of the world. We’ll be sad to see her go when she leaves after the Sun Met next year, but you can be sure we’ll be following her journey on her socials.

Speaking of Bonang’s socials… did you check her Insta?

In true influencer style, Bonang took her 6.8 million Instagram fans along with her as she dazzled the PCA red carpet.

She shared shots of the décor and drinks at the event, before sharing a pose with her award in her figure-hugging pink dress. You can also spot her with various celebs and watch her interviews with the E! journalists.

 

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The South African Breweries (SAB) along with its judging panel announced the winners of the annual SAB Environmental Media of the Year awards at its headquarters in Johannesburg last night. Stroop – journey into the rhino horn war took the Video Media (Long Form) award for 2019.

The awards, now in their third decade, aim to recognize South African journalists who have excelled at reporting on, and creating awareness of, environmental issues across print, electronic and digital media. Bongani Bingwa, MC of the event, says it was a unanimous decision by the judges for the hard-hitting South African film that has ignited world-wide interest in rhino poaching and has screened at numerous film festivals as well as on TV channels around the globe.

 

This is the 25th award for the filmmakers of Stroop, Susan Scott and Bonné de Bod. “The film has won so many international awards which is wonderful of course!  But it’s very important to be recognized back home,” says an emotional de Bod. “This is a very prestigious award, and has been given out by SAB for over thirty years, so to have the focus put squarely on rhino poaching, considering all the environmental issues out there, is just vital and I’m very pleased about that.”

 

One of the film’s characters, Karen Trendler, was honoured with the Nick Steele Memorial Award for Environmentalist of the Year – the top nod at the award ceremony.  “How wonderful that Karen has been recognized for her thirty years of service to caring for and rewilding wild animals!” Scott adds that Trendler, a world famous wildlife rehabilitator, shared this with notable environmentalists who have made meaningful impact in their fields like the UN Patron for the Oceans, Lewis Pugh, and lion advocate Gareth Patterson.

 

This is the first cash award that the filmmakers have won for the film and Scott says they are choosing to share it with their mothers, who they moved in with during the four years of filming on Stroop.

 

Stroop is a gripping wildlife crime thriller documentary that takes the viewer on a rollercoaster ride between Africa and Asia. These first time filmmakers embed themselves on the front-lines of the rhino poaching crisis where they are given exclusive access to the war unfolding.  Carving out six months for the project, the two women quickly find themselves immersed in a world far larger and more dangerous than they had imagined, only emerging from their odyssey four years later.

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At the AfricaCom international congress, Orange (Orange.com) is partnering with itel (itel-mobile.com), the leading mobile brand in Africa and, once again, with KaiOS Technologies, maker of the leading operating system for smart feature phone KaiOS, to launch a new 4G version of the Sanza Phone, “Sanza XL”. From December 2019, this mobile phone with voice recognition functionalities will be on offer for around 28 US dollars in seven countries in Africa and the Middle-East: Botswana, Cameroon, Côte d’Ivoire, Egypt, Jordan, Mali and Senegal. Other Orange Group countries will follow in 2020.

 

The simplicity of a feature phone combined with the advanced functionality of a smartphone, at an affordable price

The Sanza XL has a bigger screen than the Sanza at 2.8’, an improved 2 Megapixel camera, 4 GB of internal memory for more storage and high-speed 4G access, while retaining excellent battery life of up to 7 days depending on usage.

The device enables access to over two hundred essential applications, including: WhatsApp to send voice messages in any language, Boomplay, YouTube, Facebook and the Google Assistant to control certain device functions with your voice.

Orange applications will also be available on the phone: My Orange, Orange Money and Livescreen to enable users to keep up-to-date on their favourite topics.

In Africa, price is often an obstacle to purchasing a mobile phone and, by extension, accessing the internet. This is why the Sanza XL will be on sale for around 28 USD and will be progressively launched in 7 countries, followed by the other Orange Group countries in 2020. By extending the Sanza range with the Sanza XL, Orange, a champion of digital inclusion in Africa and the Middle East, is reasserting its commitment to supporting its customers and offering internet access for all.

Orange is present in 19 countries in Africa and the Middle East and has around 125 million customers as of 30 September 2019. With revenues of 5.2 billion euros in 2018, this area is a strategic priority for the Group. Orange Money, its mobile-based money transfer and financial services offer is available in 17 countries and has 45 million customers. Orange, a multi-service operator and benchmark partner of the digital transformation, provides its expertise to support the development of new digital services in Africa and the Middle East.

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Over 120 free-to-air television stations, including public broadcasters from 15 African countries, are expected to take part in the next Johannesburg edition of the DISCOP film, television, and digital content market and co-production forum that kicks off from 20th November for three days of intense networking and deal building.

These public broadcasters will be acknowledged and celebrated for their role as the dominant force in the African market where 85% of audiences still actively watch free television.  While the launch of a range of new SVOD services across the continent may dominate discussions, behind streaming’s tech dazzle, the more mundane business of selling content to Africa’s ordinary linear networks is high on DISCOP Johannesburg 2019’s agenda.

 

Contrary to a certain belief, advertising-driven TV remains strong. According to recent reports, the market share of linear ad-supported television, currently 36.7 percent of the overall global market, would actually rise to 40.1 percent by 2025 and more than half of the industry’s global revenues will still be in free-TV six years from now.

 

“All the major streaming and pay-tv services will be attending,” noted Patrick Zuchowicki, General Manager and Founder of DISCOP, who adds, “But pre-market reports point to strong demand for programming from commercial and public broadcasters. The bulk of the business for the vast majority of content suppliers is still in traditional television.”

 

135+ global and regional content sellers and 150+ African independent content producers will take part in a reconfigured market that will go beyond content selling and buying and also cover the co-production of original content. A total of 250+ programmers, acquisition, commissioning, production and marketing executives from 35+ African countries are also expected to attend seeking both finished content, adaptation rights and projects in development.

 

DISCOP JOHANNESBURG 2019’s sidebar conference program will feature focused thematic sessions that will provide an opportunity for a more dynamic, hands-on learning experience. Topics to be covered will include content monetization strategies, the booming animation industry, bringing eSports to television screens, the importance of dubbing, the export of original African content, branded content, and how to tackle disinformation.

 

“There is no question that Pay-TV penetration, access to mobile television and VOD adoption is on the rise.” says Andrew BoozerDISCOP’s Conference Director, who adds, “This is why we have designed a conference program that will help ad-supported TV channels stay at the top of their game and build stronger ties with local talent, up-and-coming producers and advertisers who still  think that linear television is the most powerful ad-medium on the continent.”

 

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Phuthi Mahanyele-Dabengwa CEO, South Africa of Naspers reaffirmed the company’s commitment to drive more investment in backing South African tech founders and entrepreneurs, during the panel discussion, “South Africa the Investment Case: Global businesses doing business in South Africa”.

 

The panel, chaired by John McCorry, Bloomberg News Executive Editor, Africa, was part of the 2nd South African Investment Conference that is taking place in Johannesburg from 5 to 7 November.

 

 

“We have never lost sight of the fact that Naspers was founded in South Africa. We are the largest company on the JSE and South Africa is an important market for us,” explained Mahanyele-Dabengwa. “That’s why we established the Naspers Foundry – a South Africa focused tech-business funding initiative — with a ZAR 1.4 billion (roughly $100-million) commitment to back promising entrepreneurs in South Africa.”

 

 

Of the total ZAR 4.6 billion commitment that the company announced last year, which includes the ZAR 1.4 billion for Naspers Foundry, the group has so far invested ZAR 1.3 billion of its original pledge in its existing South Africa businesses Takealot, Mr D Food and Superbalist, as well as Media24 and OLX. Naspers Foundry made its first investment of ZAR 30 million in online cleaning services company, Sweepsouth in June this year. This female founder-led business has created 15,000 jobs for domestic cleaners.

 

 

Naspers is one of the ten largest consumer internet companies in the world and one of the largest technology investors.

“Naspers can bring a unique perspective on global trends given its operations and investments in the consumer internet space in the most populous countries in the world,” she explained. “Our investment strategy for Naspers Foundry is simple and clear. We will partner with exceptional local entrepreneurs to build businesses with high-growth potential that address real societal needs in South Africa and beyond.”

 

 

As CEO for South Africa, Mahanyele-Dabengwa’s focus is to find and develop tech-enabled businesses with the potential to become the next big thing. Foundry will look for promising investments in Naspers’ existing verticals in South Africa’s e-commerce and internet sectors and beyond. These include online classifieds, food delivery, payments and fintech, among others.

 

 

Mahanyele-Dabengwa said digital platforms were not only the future of doing business in South Africa but were also the means to make job creation more accessible, an opportunity to create a skilled workforce that can compete globally, and to create local products and services that improve the daily lives of ordinary people.

 

 

“We understand digitisation is directly linked to economic potential and that developing new platforms is a means to making South Africa more competitive on the global stage,” she said. “But I also firmly believe that it is not only about the businesses we build; we — as investors and corporate entities — need to make sure that we are supporting the country itself.”

 

 

Mahanyele-Dabengwa said Naspers Foundry’s investments would have to address bigger societal needs and help stimulate the South African economy and tackle youth unemployment, respectively. She believes a unique blend of the best of technology with the best of human endeavour will unlock the full potential of South Africa’s young people.

 

 

To address unemployment in impoverished communities, the company launched Naspers Labs, a social impact programme to help young, unemployed South Africans to open doors to their first employment opportunity. The Labs provide a structured development journey enabling students to realise their potential and tap into online learning platforms, including those that Naspers has invested in, such as Udemy, Codecademy, and SoloLearn. To date more than 1500 youths have passed through the programme with 79% of graduates securing their first job.

 

 

“For me and for Naspers, digital transformation is a means to enable countries such as South Africa to leapfrog legacy structures. Digital enablement can only happen in companies that attract and develop highly talented people with strong digital and analytics capabilities. If we can’t find them, we must develop them,” she said.

“We can no longer say that technology is the future; it is the present. And our investment strategy will make it an economic reality.”

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Radio 2000 broadcast from Chiefs Village

Posted by radio On November - 7 - 2019 ADD COMMENTS

Kaizer Chiefs will on Friday, 8 November host Radio 2000 for a live broadcast of the Phat Joe and the Family breakfast show from the Kaizer Chiefs Village.

The show hosted by Phat Joe and Nala will mainly focus on the upcoming Soweto Derby between Kaizer Chiefs and Orlando Pirates on Saturday taking place at FNB Stadium.

 

Phat Joe will interview prominent Kaizer Chiefs personnel including; Marketing Director Jessica Motaung, Football Manager Bobby Motaung, former player Kaizer Motaung Jnr, Captain Itumeleng Khune and other exciting players.

 

There will be great prizes for those who will be at the Village for the Outside Broadcast and listeners at home. Prizes include tickets to the sold-out match, Kaizer Chiefs jerseys and Vodacom hampers.

Supporters are invited to be a part of this exciting collaboration between Amakhosi and Radio 2000 at the Kaizer Chiefs Village from 6am-9am on Friday morning.

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East Coast launches a new digital station

Posted by radio On November - 5 - 2019 ADD COMMENTS

East Coast Radio has launched an exciting new digital radio station that will be jam-packed with golden oldies from the early 60’s to the 90’s.

East Coast Gold caters to music lovers who are looking for a music experience that embraces their love of classic hits.

The digital radio station is accessible via the East Coast Radio app and on the station website.

East Coast Radio is the first commercial radio station in South Africa to launch a digital music radio station.

 

East Coast Radio Managing Director, Boni Mchunu said that she is proud of the strides ECR is making.

“At ECR we are committed to innovative, cutting edge offerings and East Coast Gold is a testament to that. It’s a proud moment for us as KZN’s No.1 Hit Music Station to launch something that is the first-of-its-kind and especially to hero this unique music offering. We are extremely excited to launch East Coast Gold and more importantly we look forward to the future as we launch many more of these unique digital stations,” said Mchunu.

Kagiso Media Chief Exec for Radio, Nick Grubb said: “We see that access to streaming channels is starting to grow in the SA market, and they offer an infinite number of new entertainment options to consumers. But we also see high loyalty to FM radio brands that have been a part of listener’ lives for so long. This is an exciting combination of these two factors. Anyone can publish a music channel these days, but ECR will do it radio-style – with their unique flair, talented presenters, and reliable local information.”

The line-up

The digital offering has an exciting line-up planned for listeners.

Veteran radio presenter, Gordon Graham, will helm the breakfast show, weekdays from 6am to 9am. The morning show will include news and traffic reports.

Jane Linley-Thomas brings her colourful personality to the daytime show (weekdays 10am-2pm), while KZN favourite, Damon Beard heads up the drive show (Weekdays 3-7pm).

Radio legend Alex Jay will keep listeners entertained on the weekends.

Sunday Solid Gold will air the best music from the 60’s and 70’s.

East Coast Gold launches officially on Monday, November 4 on the East Coast Radio website and app, which is available free from the App store and Google Play store.

How to stream East Coast Gold 

Via the ECR website

  • Head to the home page
  • Click the black and gold ‘Listen to East Coast Gold’ button
  • Turn up the volume and enjoy

Via the ECR App

  • Search for ‘East Coast Radio’ on your app store

  • Once downloaded, click the red and yellow ECR logo to toggle between the East Coast Radio and East Coast Gold stream

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DStv Now served more than 500,000 unique users during match day.

In addition to the Springboks making history at the 2019 Rugby World Cup Finals this weekend, another revolution has been quietly underway. This year marks the point that live-streaming of sports went mainstream in Africa, breaking all-time online viewing records.

Much like the Springboks’ Rugby World Cup campaign, sport live-streaming had a somewhat rocky road to the final. But when things really counted, streaming delivered a record-breaking performance.

In the opening game, as South Africa faltered against New Zealand, DStv Now had its own challenges with some viewers missing out during the first half of the game. Fast-forward to the Final six weeks later and the situation was dramatically different, with viewing breaking all-time records for concurrent users and throughput, and this was all achieved with no downtime or outages.

Speaking about this, Niclas Ekdahl, CEO of the Connected Video division of MultiChoice said:

 

 

“Live events are the single biggest challenge a streaming service like DStv Now can face, as the huge number of concurrent users not only puts our systems under unprecedented load, it also strains the systems of the companies downstream from our servers who deliver the stream to customers. It’s fair to assume that the load during the Final was the largest ever seen in Africa, with three times more peak concurrent viewers than in the first game and double the number who watched the 2018 football World Cup Finals. Over the course of the day, we served more than half a million unique users.”

 

 

The number of active DStv Now users is four times higher than just two years ago, and there’s no sign of growth slowing. The number of hours streamed in a single day on the service now regularly tops one million, which is more than 100 years’ worth of viewing for a single person.

Talking about what the company changed to see the turnaround in DStv Now performance between the first and last games of the Rugby World Cup, Ekdahl said:

 

 

“We were disappointed at the problems we experienced early in the tournament. We’d of course done load testing and provisioned plenty of capacity, but we didn’t anticipate how congestion in one specific system could cascade into others. I’m proud of the work our engineering team has done to learn from that mistake, to rework systems architecture, and also work with partners who deliver the stream to customers to sort out bottlenecks affecting image quality. Our customers rightly expect systems to work, and in the face of record-breaking demand during the Final, DStv Now delivered the goods.”

 

The data carried by content delivery network partners during the Final peaked at more than 500 Gbps (more than 4,000 GB of data per minute), another record for DStv Now in Africa.

“This was a major test of our systems and the capacity of distribution networks and ISPs in the region. I’m pleased we came out on top and look forward to working with our partners to beef up streaming ability ready for 10 times and even 100 times the traffic we’re seeing now because the one thing we know for sure is that streaming video is going to keep growing,” concluded Ekdahl.

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Samsung announces strong Q3 2019 Results

Posted by radio On November - 2 - 2019 ADD COMMENTS

Samsung Electronics today reported financial results for the third quarter ended September 30, 2019. The Company posted KRW 62 trillion (R 806 billion) in consolidated quarterly revenue and KRW 7.78 trillion (R101.2 billion) in quarterly operating profit.

Third quarter profit fell sharply from a year earlier but improved from the previous quarter, as stronger smartphone sales and improved utilization in mobile OLED screens were weighed down by continued weakness in the memory chip market.

 

Both the U.S. dollar and euro strengthened against the Korean won, resulting in about KRW 0.4 trillion (R5.2 billion) in positive effects toward quarterly operating profit, mainly in the component business.

 

Earnings from the Memory Business slumped significantly year-on-year as memory chip prices continued its downward trend amid the industry-wide weakness since the end of 2018. The logic chip business saw demand rise for image sensors and display driver ICs (DDIs), but also suffered from price declines in mobile application processors (APs).

 

The Display Panel Business saw a profit from mobile displays increase YoY with solid sales of OLED screens, improved capacity utilization and reduced costs. However, losses continued in the large panel business due to ongoing capacity expansions in the broader industry.

 

In the Mobile Business, strong sales of the Galaxy Note 10 and A series boosted profit, along with improved margins for mass-market models. The business also expanded its 5G product offerings and launched the Galaxy Fold, demonstrating Samsung’s technology leadership. Meanwhile, the Network Business reported higher earnings YoY on growing commercialization of 5G service in Korea.

 

The Consumer Electronics Division posted a YoY decline in profit from the TV business amid pricing pressure from intensifying competition, despite growing shipment of premium models such as QLED and ultra-large size TVs. Earnings from home appliances rose on increased sales of premium products.

 

Looking ahead to the fourth quarter, the Company expects demand for components to turn sluggish in general amid weak seasonal effects, while marketing expenses are likely to increase to address year-end smartphone sales.

 

Memory chip demand is seen rising slightly quarter-on-quarter on the back of inventory building by customers in response to global macroeconomic uncertainties. Mobile displays will likely report weaker results in the fourth quarter, as demand falls short of initial expectations for certain premium smartphones and costs increase due to lower utilization in some production lines. Large panel prices are also likely to continue declining.

 

The Company expects fourth-quarter earnings in the Mobile Business to decrease QoQ as marketing costs are set to rise and shipments to decline slightly, with flagship model sales weakening from their post-launch peaks. The Consumer Electronics Division will likely log stronger earnings helped by year-end seasonal demand.

 

For 2020, Samsung expects growing sales in 5G products and foldable devices; the logic chip business is forecast to report accelerated growth as it expands mass production of next-generation extreme ultraviolet lithography (EUV) based products.

 

However, uncertainties linger over the memory chip market as demand is seen recovering but risks from global industry circumstances persist. As Samsung plans to manage investment and capacity operation flexibly depending on market conditions, DRAM inventory is expected to normalize in the first half of 2020. The Company also remains committed to investments to meet demand in the mid-to-long term.

 

The System LSI Business will introduce differentiated 5G System-on-Chip products and high-resolution sensors, while the Foundry Business will seek to diversify its client base and expand production from the 5nm and 7nm EUV processes.

 

In Displays, Samsung plans to leverage its leadership in mobile screens, offering power-efficient and slimmer products to capture demand from 5G and other premium products. It will also transform its large panel business to focus on quantum-dot (QD) displays, with the existing LCD business addressing value-added products such as ultra-large and 8K TVs as well as high-end monitors.

 

The Mobile Business aims to improve profitability through enhanced leadership in premium products such as 5G and foldable devices as well as the improved mass-model line-up. The Network Business will further its efforts to expand its 5G business globally including the United States and Japan.

In the Consumer Electronics Division, the Company will continue to lead the premium TV market by expanding the adoption of QLED 8K and ultra-large models and offer stronger line-ups of innovative home appliances such as Bespoke products.

 

Semiconductor Demand to Remain Solid Amid Uncertainties

The Semiconductor Business posted consolidated revenue of KRW 17.59 trillion (R228 billion) and operating profit of KRW 3.05 trillion (R39 billion) for the quarter.

 

For NAND, demand showed stronger growth than expected driven by new smartphone launches and the continued trend toward higher density memory, as well as increased adoption of solid-state drives for PCs and expansion of high-density storage for server customers.

 

For DRAM, demand from all applications has greatly increased due to strong seasonal effects as well as inventory restocking at customers responding to global macroeconomic factors such as tariff issues and semiconductor-material export regulations. For servers, demand rose mainly for high-capacity products, while for PCs, replacement demand for corporate systems also increased ahead of the end of support for Windows 7. For mobile, demand was driven by a higher portion of smartphones with storage over 8GB.

 

Looking ahead to the fourth quarter for NAND, demand for high-capacity storage is expected to remain robust and prices are expected to rebound across all applications. For SSD, data centres are expected to adopt high-density, high-performance products, while for mobile, the trend of higher density storage is expected to continue with the launch of new high-end models. The Company will focus on strengthening competitiveness in the premium market and enhance technology leadership and profitability by transitioning to 6th-generation V-NAND within this year.

 

For the fourth quarter outlook for DRAM, although there may be some impact from recent inventory restocking at customers, overall demand is likely to remain solid and to show some increase QoQ. For servers, demand from data centres will continue to be solid supported by high-density products, while for PCs, overall demand will be similar to that of the third quarter. For mobile, continuing trend to high-density products with the launch of new 5G smartphones is expected to help demand remain solid. The Company will focus on enhancing technological leadership by expanding high-capacity product sales for servers and actively responding to early demand for mobile LPDDR5.

 

Looking ahead to 2020, while challenging to provide a detailed forecast due to ongoing uncertainties involving macroeconomic issues, there are positive signs on the demand outlook from data centre customers, while the expansion of 5G smartphones is expected to continue to lead the higher density trends. However, demand for 2020 should be viewed with caution as uncertainties remain in the macroeconomic environment. As such, the Company plans to focus more on flexible investment and capacity operation depending on market conditions.

 

For the System LSI Business, earnings improved as demand increased for high-resolution image sensors and mobile APs/PMICs/OLED DDIs for flagship smartphones. The Company strengthened its technology leadership by being the first to commercialize 108-mega pixel sensors.

 

In the fourth quarter, while demand for high-resolution image sensors such as 64Mp and 108Mp products will continue to increase, earnings are likely to remain flat from the previous quarter due to weaker demand for mobile APs and DDIs. For 2020, the Company will expand its line-up of differentiated products such as 5G System-on-Chips produced on EUV 5/7nm process and high-resolution products such as 108Mp and above sensors.

 

For the Foundry Business, earnings increased from the previous quarter driven by demand for mobile APs based on the EUV 7nm process and high-resolution image sensors. In particular, the Company completed the tape-out of the EUV 5nm process and secured new orders for 5nm-based consumer products.

 

In the fourth quarter, the Company expects to generate solid earnings on mass production of EUV 7nm products, while setting up 4nm design infrastructures for future growth. For 2020, demand for mobile APs/modes/RFs and high-resolution image sensors is expected to increase significantly on the back of the growing 5G market. The Company will accelerate the diversification of its customer base by expanding orders for 5G/AI/Auto/IoT/Power and fingerprint recognition applications and strive to complete the development of the GAA 3-nano process.

 

Display Business Improves on Demand for Flexible OLED

The Display Panel Business posted KRW 9.26 trillion in consolidated revenue and KRW 1.17 trillion (R15 billion) in operating profit for the third quarter. Overall display earnings improved QoQ thanks to strong sales of small to mid-sized OLED panels despite a weak performance in the large display business.

 

Mobile display earnings increased amid favourable seasonal effects, led by higher demand from major customers and improved OLED utilization rates. Large displays took a hit from a continued decline in LCD panel prices.

 

Looking ahead to the fourth quarter, mobile display profitability is expected to decline due to a product mix change and a cost increase from lower utilization of some production lines. Samsung will strive to enhance profitability by improving production efficiency and expanding the adoption of cutting-edge technology.

 

Large displays are also likely to see weak profitability for the fourth quarter as it continues to face falling demand and dropping price. Samsung will seek to secure profitability with product diversification including monitors and PIDs.

 

In 2020, for the mobile display business, demand for OLED screens is seen to grow steadily with wider adoption of 5G smartphones despite intensified competition. The Company will continue to focus on expanding sales and boosting utilization with a broader customer base and stronger cost competitiveness. Additionally, Samsung will aim to actively address the demand for foldable display panels and minimize seasonal impacts with wider applications.

 

For large displays, Samsung will look to realign its business structure to focus on QD-Display. It will continue to secure profitability by expanding sales of value-added products such as ultra-large panels, 8K TVs and premium monitors.

 

Galaxy Note 10 Props Up Mobile Business Earnings; 5G Momentum Driver in 2020

The IT & Mobile Communications Business posted KRW 29.25 trillion in consolidated revenue and KRW 2.92 trillion (R37.9 billion) in operating profit for the September quarter.

 

Mobile earnings in the third quarter improved significantly QoQ on robust shipments of the flagship Galaxy Note 10, a better product mix and higher profitability in the mass-market segment. The Galaxy Note 10 in the third quarter exceeded its predecessor’s sales performance, presenting double-digit growth in volume. Cost reduction brought on by the completion of the A-series line-up transition also contributed to improved profitability.

 

Notably, in the third quarter, the Company firmed up its global technology leadership with the expansion of 5G smartphones, in addition to the launch of the Galaxy Fold featuring a new form factor.

 

For the Network Business, the Company continued expanding 5G coverage in South Korea and shipments for LTE expansion outside the country.

 

In the fourth quarter, while mobile demand is expected to decline YoY on seasonal effects and persistent global economic uncertainties, the Company’s mass-market smartphones, including the new A-series, are projected to maintain solid sales. However, Samsung expects profit to decrease due to dissipating new model effects of the Galaxy Note10 and increasing marketing costs under strong seasonality.

 

Looking ahead to 2020, consumer demand for 5G devices is expected to rise as 5G networks expand globally, while competition is likely to remain fierce. The Company plans to offer more 5G devices and foldable products to enhance its competitiveness and build a foundation for further growth. For the Network business in the fourth quarter and the coming year, the Company will remain an active player in expanding South Korea’s 5G coverage and foster growth in other global markets like the United States and Japan.

 

Premium TVs, Innovations Such as Bespoke Key Focus for Consumer Electronics

The Consumer Electronics Division, comprised of the Visual Display and Digital Appliances businesses, recorded KRW 10.93 trillion (R142 billion) in consolidated revenue and KRW 0.55 trillion (R7.1 billion) in operating profit for the third quarter of 2019.

 

Profits for TVs were down slightly in annual terms in the third quarter due to heightened price competition, but strong sales of premium TVs such as QLED and ultra-large models helped the division maintain revenue growth compared to a year ago.

 

In the fourth quarter, the Company forecasts TV demand will soften YoY on downside risks including global economic sluggishness and unfavourable foreign exchange rates stemming from trade protectionist practices. To mitigate the fallout from these risks, the Company plans to expand sales of QLED TVs and broaden the line-up of super-large screen products, cementing its leading position in the premium market. For 2020, TV demand will likely bounce back on global sports events like the Olympic Games in Tokyo while the Company plans to seek new business growth from 8K TVs and MicroLED TVs.

 

Digital appliances saw increased earnings in the third quarter from a year ago on new product releases like the customizable Bespoke refrigerator. Demand in developed markets in North America and Europe was stagnant but this was offset by sales in emerging market countries including India.

 

For the December quarter, the Company plans to boost sales of products such as dryers and Air Dressers (garment refreshers) while simultaneously launching year-end, peak season promotion events. In the year ahead, demand will grow centred around emerging market countries, while the Company is expected to expand its premium line-up with other Bespoke products and strengthen its B2B business.

 

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