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Samsung TV Business 'Flat' Apple Fight Could Hurt

Post Time:Jul 05,2011Classify:Company NewsView:562

Samsung Electronics who recently reported a downturn in both profits and revenue in Australia is set to restructure large parts of their operation globally due to falling TV sales and a downturn in component demand.

 

The Korean Company that is currently involved in a bitter fight with 

In Australia 

Globally Kwon Oh-hyun, the chief of 


He has warned that the global market for consumer electronics and IT goods was set to be "flat" in the second half of 2011.

"In the past, the semiconductor market tended to be weaker in the first half and stronger in the second half, but for this year, it is likely to remain flat throughout the latter half," Mr. Kwon said.

He admitted that 

Its second-quarter operating profit was a record $4.7 billion. Analysts expect the number to be down for the just-ended period.

Most of 

In April 

 

Source: http://www.channelnews.com.auAuthor: shangyi

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