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Samsung Electronics Announces Second Quarter 2022 Results

Samsung Electronics reported financial results for the second quarter ended June 30, 2022. The Company posted consolidated revenue of KRW 77.2 trillion, a record for the second-quarter, and operating profit of KRW 14.1 trillion, a 12% increase from a year earlier. The DS (Device Solutions) Division reported a historical high in quarterly revenue for the … Read more

Augmented Reality (AR) and Virtual Reality (VR) Market to Grow by USD 162.71 Billion, Driven by Increasing Demand for AR & VR Technology

The augmented reality (AR) and virtual reality (VR) market size is expected to grow by USD 162.71 billion, progressing a CAGR of 46 % from 2020 to 2025, according to Technavio’s latest market report. Technavio categorizes the global AR and VR market as a part of the global application software market within the global IT … Read more

Covid, Inc. Supports the Future With 8K HDMI Cable

Celebrating its 40th year as the premier industry-trusted connectivity supplier, Covid Inc. announced the latest HDMI cable to its vast portfolio, the EC-HD31 8K HDMI non-plenum cable. Backward compatible for 4K/60 4:4:4 resolutions, the new 15-foot high-quality 48-Gbps HDMI cable supports ultra-high-speed 8K@60 (7680×4320) 4:4:4 deep color sampling as well as 8K100/120, 10K50/60, and up … Read more

Taiwanese Panel Makers Update on Q2

What They Say AUO and Innolux announced their June and Q2 results. AUO saw sales down 22.9% on a quarterly basis and 34% annually to $2.1 billion and with an operating loss of $155 million. TV sales dropped to 16% of revenues, which are only just above the 14% from automotive (up from 8% a … Read more

Samsung Electronics Announces Second Quarter 2022 Results

What They Say Samsung Electronics said that Q2 saw its revenue rise to a record level at $59.3 billion with operating profits of $10.8 billion, up 12% on last year. SDC (Samsung Display Corporation) saw record second-quarter revenue and operating profit for mobile displays driven by solid demand from major customers. Performance in the large … Read more

US VC’s Fundraising is Very Strong

What They Say Economist Paul Kedrosky’s Daily Graph service has turned up another interesting one on US financing. This time, he has found a chart showing that US VCs are continuing to raise large amounts of funding. What We Think I have heard several times this year that although there are VC funds are available, … Read more

Shoot in 8K. Watch in 8K

Samsung Electronics UK Ltd. has announced that you can claim a complimentary Samsung Galaxy S22 Ultra when purchasing any 2022 Neo QLED 8K TV between 20th July and 16th August 2022[1]. Equipped with ultra-sharp lights, extreme contrast and jaw-dropping detail, the Samsung Neo QLED 8K TVs allow you to enjoy spectacular details whilst watching your … Read more