1. Homepage
  2. Equities
  3. Korea, republic of
  4. Korea Stock Exchange
  5. Samsung Electronics Co., Ltd.
  6. News
  7. Summary
    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
  Report
End-of-day quote Korea Stock Exchange  -  2022-08-11
60200.00 KRW   +0.50%
12:05aOne 97 Communications' Paytm Ties Up with Samsung Stores to Expand Offline Payments Service
MT
08/15Samsung Brings Next-level Audio Experience to India; Expands Galaxy Ecosystem with Galaxy Buds2 Pro
AQ
08/14Samsung Life Insurance's Net Income Jumps 70.3% in June Quarter
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China's smartphone makers gain ground in Russian market, says M.Video

06/29/2022 | 08:14am EDT

LONDON (Reuters) - Chinese smartphones accounted for two-thirds of all new sales in Russia between April and June, the country's top electronics retailer said on Wednesday, the latest sign of how Moscow's invasion of Ukraine is impacting the country's consumer economy.

Several major smartphone makers, including Apple and Samsung, have paused new sales in Russia following Moscow's Feb. 24 invasion of Ukraine, while financial sanctions and airspace bans have hit supply chains, pushing Russian retailers and consumers to look towards China to fill the gap.

"The total share of Chinese brands in the Russian market in terms of smartphone sales is steadily increasing - from 50% in the first quarter, to 60% in April to more than 70% in June," Russian electronics retailer M.Video-Eldorado said on Wednesday.

Overall, Chinese smartphones accounted for more than 65% of devices sold across the second quarter, up from 50% in the same period of 2021. Mobile operator MTS reported a jump in sales of Chinese phones in May.

M.Video said the average price of a smartphone sold during the three-month period was down 4% on last year as Russian consumers shift to lower-ticket goods amid an earnings squeeze and economic downturn.

Apple and Samsung stopped new product sales in Russia after Moscow sent its army into Ukraine in late February, but retailers have been able to use up existing stocks.

The Kremlin has also moved to allow Russian companies to ship in some products, including smartphones, without the licence holder's permission in a so-called "parallel imports" scheme.

(Reporting by Reuters; editing by David Evans)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.63% 173.19 Delayed Quote.-2.47%
M.VIDEO 0.75% 202 End-of-day quote.-53.85%
SAMSUNG ELECTRONICS CO., LTD. 0.50% 60200 End-of-day quote.-23.12%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -1.35% 60.1755 Delayed Quote.-17.93%
All news about SAMSUNG ELECTRONICS CO., LTD.
12:05aOne 97 Communications' Paytm Ties Up with Samsung Stores to Expand Offline Payments Ser..
MT
08/15Samsung Brings Next-level Audio Experience to India; Expands Galaxy Ecosystem with Gala..
AQ
08/14Samsung Life Insurance's Net Income Jumps 70.3% in June Quarter
MT
08/12Samsung - Witness Here all the Glitz and Glam from Galaxy Unpacked at Samsung Opera Hou..
AQ
08/12South Korean President to Pardon Samsung Leader in Bribery Case
MT
08/12Samsung Electronics to Boost Foldable Phone Sales to Half of Total Smartphone Sales by ..
MT
08/12South Korean Stocks Rise Slightly as Investors Eye US Fed Monetary Policy; Samsung F&M ..
MT
08/12MARKETSCREENER'S WORLD PRESS REVIEW : August 12, 2022
MS
08/12S. Korea pardons Samsung's Lee over 'economic crisis'
RE
08/12S. Korea pardons Samsung heir, Lotte group chairman
AQ
More news
Analyst Recommendations on SAMSUNG ELECTRONICS CO., LTD.
More recommendations
Financials
Sales 2022 314 023 B 240 B 240 B
Net income 2022 41 542 B 31,7 B 31,7 B
Net cash 2022 118 924 B 90,7 B 90,7 B
P/E ratio 2022 9,43x
Yield 2022 2,49%
Capitalization 404 722 B 309 B 309 B
EV / Sales 2022 0,91x
EV / Sales 2023 0,81x
Nbr of Employees -
Free-Float 83,0%
Chart SAMSUNG ELECTRONICS CO., LTD.
Duration : Period :
Samsung Electronics Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAMSUNG ELECTRONICS CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 38
Last Close Price 60 200,00 KRW
Average target price 84 276,32 KRW
Spread / Average Target 40,0%
EPS Revisions
Managers and Directors
Jong-Hee Han Vice Chairman & Co-Chief Executive Officer
Kye Hyun Kyung Co-Chief Executive Officer & Executive Director
Hee-Chan Roh Chief Financial Officer
Han-Jo Kim Chairman
Sang-Gyun Kim Head-Compliance Management
Sector and Competitors