Samsung is expected in the fourth quarter profit will break the record
Samsung electronics said that operating profit in the last 10 to December was up to a record high of about 63.8%, but that's still less than expected, and the main reason is that the Korean won is strong.
According to a statement released by samsung on September 9, the three months to the end of December, the revenue was close to 15.1 trillion won, still less than analysts expected to be at 16.1, and the stock fell nearly 1.6 percent. Of course, the main revenue contribution this season has been in the semiconductor sector and the demand for OLED, but the price of memory chips that rose last year has started to stabilize, and the won has risen nearly 7% against the dollar, eating a lot of profit.
Greg Roh, an analyst at HMC securities, said that samsung would be losing more than three billion dollars in damages. And samsung's stock price has been falling since November last year, and the key is that it believes that the rising cycle of the memory is over. But also has the opinion, although the NAND price this year will fell, but the demand of DRAM and data center is still not bad, as Google and amazon cloud business development with the expansion.
Although it is not the main source of profit, the market is also concerned about samsung's new flagship smartphone, the Galaxy S9, which is due to be unveiled next month, challenging the position of the iPhone X faster than expected, especially as apple's sales this season are the focus of the market. Is not only an apple, samsung is also stepping up research and development of flexible screen technology, against Chinese companies such as huawei. And despite the big impact, it's rumored that the bank of Korea has been buying dollars to stabilize the exchange rate.
Samsung's business is fairly stable, even though fourth-quarter results are below market expectations, but for now, it includes a number of one-off costs, such as special bonuses paid to employees and a large number of marketing expenses for mobile phones and televisions, so it is expected to continue to see profit gains in the first quarter of this year. The market is awaiting official results.
According to a statement released by samsung on September 9, the three months to the end of December, the revenue was close to 15.1 trillion won, still less than analysts expected to be at 16.1, and the stock fell nearly 1.6 percent. Of course, the main revenue contribution this season has been in the semiconductor sector and the demand for OLED, but the price of memory chips that rose last year has started to stabilize, and the won has risen nearly 7% against the dollar, eating a lot of profit.
Greg Roh, an analyst at HMC securities, said that samsung would be losing more than three billion dollars in damages. And samsung's stock price has been falling since November last year, and the key is that it believes that the rising cycle of the memory is over. But also has the opinion, although the NAND price this year will fell, but the demand of DRAM and data center is still not bad, as Google and amazon cloud business development with the expansion.
Although it is not the main source of profit, the market is also concerned about samsung's new flagship smartphone, the Galaxy S9, which is due to be unveiled next month, challenging the position of the iPhone X faster than expected, especially as apple's sales this season are the focus of the market. Is not only an apple, samsung is also stepping up research and development of flexible screen technology, against Chinese companies such as huawei. And despite the big impact, it's rumored that the bank of Korea has been buying dollars to stabilize the exchange rate.
Samsung's business is fairly stable, even though fourth-quarter results are below market expectations, but for now, it includes a number of one-off costs, such as special bonuses paid to employees and a large number of marketing expenses for mobile phones and televisions, so it is expected to continue to see profit gains in the first quarter of this year. The market is awaiting official results.