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Samsung Net Profit Rises 52% in Q1

This is the fourth consecutive quarter in which the South Korean giant has achieved record operating profit.

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On-device AI is growing fast among smartphone vendors and by 2023, around 90 per cent of smartphones will have a built-in AI assistant, according to the Strategy Analytics report. Pixabay
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South Korean tech giant Samsung Electronics achieved a net profit of $10.74 billion in the first quarter of 2018, up 52.11 per cent year-on-year, the company announced on Thursday.

The company attributes these results to the good performance of its memory chip unit as well as the increase in sales of its flagship mobile, the Galaxy S9.

Its net profit for the January-March period was 4.64 per cent lower though than that of the last quarter of 2017, Efe news reported.

Also Read: Samsung brings ‘invisible’ QLED TVs with Bixby voice control

Its operating profit grew by 58.03 per cent and set a new record for the first-quarter of the year, while its turnover increased by 19.82 per cent.

This is the fourth consecutive quarter in which the South Korean giant has achieved record operating profit.  IANS

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Samsung Unveils Data Center SSD Line-up in India

The "883 DCT" is designed for servers used to safeguard critical data, including power loss protection and end-to-end data protection

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New Samsung Data Center SSD line-up now in India. Flickr

The new SSD portfolio promises to raise the efficiency when compared to legacy storage systems, thus requiring fewer servers and reduced power and cooling for a lower Total Cost of Ownership (TCO).

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The price of the new line-up ranges between Rs 9,599 and Rs 2,01,299 and will be available at retail outlets across India.

Samsung’s new SSD line-up has the “860 DCT” which is designed for servers that require SSD-levels of sustained performance and is suitable for various applications including content delivery networks.

The “883 DCT” is designed for servers used to safeguard critical data, including power loss protection and end-to-end data protection.

Also Read- Paytm Introduces ‘Social Community Platform’ Exclusively For Women

The “983 DCT” is a high-performance solution for servers using a non-volatile memory express (NVMe) interface, which allows for fast speeds and high responsiveness while the “983 ZET” is a cache memory solution that offers a new level of performance with ultra-low latency and breakthrough speeds and high reliability. (IANS)