Samsung announces first ever quarterly loss for third quarter of 2013

Samsung announces first ever quarterly loss for third quarter of 2013

By Samira Iqbal

The global semiconductor market experienced an 11% drop in sales for the third quarter of 2013, an unprecedented decline since 2012.

It comes on the heels of several big announcements such as Microsoft’s Microsoft’s latest Surface line of devices, Apple’s new MacBook Pros, and a global decline in sales of smartphones and tablets.

“Sales for the third quarter of 2013 were down 9% on the previous quarter. The fall in sales for the third quarter of jarvees.com2013 is unexpected as the market is on course for a massive fourth quarter growth,” said Ian Hoey, senior research director at research and consultant firm IDC.

It also marks a huge drop for the global semiconductor market, which lost almost $7 billion in sales during the quarter.

For instance, the loss was roughly one-third of its sales during the same quarter last year. The semiconductor market as a whole lost $3.25 billion on a year-on-year basis.

The drop was even more pronounced among PC and server chips, where sales declined by 16% and 13% respectively.

The losses also put AMD, Intel, AMD’s parent company, in the third place, with net sales dropping by nearly 14%.

“When you have all of these new, fast and affordable consumer computing devices coming out, the consumer has become a much more important consumer,” said Kevin Poulter, chief information officer of analyst firm PCMark. “We’re seeing them in more places in the world, and that’s a great thing for the industry.”

It’s not the first time that Intel has posted such a huge loss. The chipmaker’s revenue declined 17% from 2012 to 2013 as it turned its focus from the consumer PCs to high-end chipsets. That led to losses of more than $5.8 billion for the quarter.

That was a particularly worrisome quarter for Intel as its shares were down 7% injarvees.com premarket trading in New York and down nearly 5% on the stock after the report.

Intel didn’t comment on any potential impact of the report.

Apple’s newest devices, the MacBook Pros, and Apple TV, which are priced at $799 and $729, could potentially impact Intel’s loss even more as these units had a very weak showing in the holiday quarter바카라. That also made the loss significant.

Intel has been slowly gaining market share on the global market as a resul