Samsung Set To Achieve Record Q4 Earnings

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South Korean manufacturing giant, Samsung, is all set to announce a record Q4 earnings according to analysts. Samsung’s stronghold has always been its semiconductor business due to the high demand for chips for high-end devices. As of now, many analysts are predicting that the South Korean technology giant record a high performance. According to a Thomson Reuters survey of sixteen analysts, the world’s leading maker of semiconductors is presumed to a 74% year-on-year jump in operating profit to KRW 16 trillion ($15 billion or roughly Rs.95,000). Samsung will release its earnings guidance on Tuesday prior to the official announcement of its performance later in January.

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Lee Soon-Hak, an analyst at Hanwha Investment & Securities said

“Samsung’s fourth-quarter earnings outlook is lower than initially expected, but it’s mainly due to one-off costs. We remain positive as there’s no notable change in DRAM market dynamics,”

There was a huge setback in the demand for NAND flash chips which started in the latter parts of November which ended a prolonged boom. Nevertheless, the continued rise of DRAM chip prices ensured that Samsung’s operating profits won’t be affected. According to DRAMeXchange, the increase in the prices of server DRAM and mobile DRAM is expected to continue through the first quarter of 2018. Samsung Display is another unit that will boost its overall operating profit considering the sales of organic light-emitting diode (OLED) screens for Apple’s iPhone X smartphones as well as Samsung’s own handsets. According to HMC Investment & Securities analyst Greg Roh, 10 million units of Samsung Galaxy Note 8 have been shipped since sales began in September. All these combined together to give Samsung a very strong finish to 2017.

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