LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Samsung Electronics tips record fourth quarter profit, misses expectations on strong won

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Tue, Jan 09, 2018
05:30 am
Reuters
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

Samsung Electronics Co Ltd on Tuesday estimated a 64 percent jump in fourth-quarter operating profit to a new record, but the guidance fell short of market expectations as the strong won and year-end bonuses dented profits.

The global memory chip leader and Apple Inc smartphone rival said its October-December profit was likely 15.1 trillion won ($14.1 billion), compared with a 15.9 trillion won average estimate from 17 analysts surveyed in a Thomson Reuters poll.

Based on the guidance, Samsung`s 2017 operating profit is likely 53.6 trillion won, compared to the previous year`s 29.2 trillion won, putting the South Korean tech giant on course for a record annual profit as strong DRAM memory chip prices continued to fatten margins.

Revenue was estimated to have increased 24 percent to 66 trillion won, versus the analysts` average forecast of 66.8 trillion won.

Samsung did not elaborate on its October-December performance and will disclose detailed results at the end of January.

The continued rise in the price of DRAM chips, in especially hot demand for data centre servers, more than made up for a drop in NAND chip prices and a stronger won, analysts said.

But the outlook for semiconductors in 2018 is mixed, and Samsung shares have fallen 9.6 percent from their all-time high in early November as some investors bet on an end to the memory chip boom.

NAND flash memory chips, used in things like digital cameras and USB drives, have entered a down-cycle and some analysts say DRAM market conditions also will soften later this year.

Others however expect DRAM supply to remain tight throughout 2018 as Google , Amazon and Facebook expand data centres used for cloud storage and computing.

The outlook for smartphones and other mobile devices, which analysts expect to contribute about 17 percent to Samsung`s fourth-quarter earnings, is also uncertain due to competition from Chinese rivals in markets like Europe and Asia, analysts said.

Tom Kang, research director at data provider Counterpoint, said Samsung`s mobile division should show "moderate" shipment growth of about 1-2 percent in 2018.

Analysts expect Samsung`s display profits to grow this year thanks to sales of organic light-emitting diode (OLED) screens for Apple iPhones as well as Samsung`s own handsets.

South Korean exporters like Samsung will be keeping a close eye on the won in 2018. The currency traded as high as 1,058.8 against the dollar on Monday, its highest in more than three years.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

7th Pay Commission latest news: REVEALED! Salary may be affected by New Wage Code - know details

Multibagger Stocks 2021: This scrip has delivered more than 175 pct returns in one year; Choice Broking expert dubs it as a 'share to buy'

Exclusive: Power Grid InvIT IPO to be launched soon; to be game-changer for company, Anil Singhvi says

Singer Shreya Ghoshal, husband Shiladitya expecting first child; share baby name with fans

NEET 2021 exam: Latest news on exam date, registration details and all one needs to know for appearing in the exam!

Ircon Share Price: Government offers OFS at Rs 88; here is how stock market investors can make money

CBSE board exam 2021: Class 10, 12 students must follow these rules to get great marks

Midcap Picks With Anil Singhvi - Simi Bhaumik recommends 3 stocks for bumper returns

IRCTC Share Price: This Multibagger stock soars to near life-time highs! You can make money from it too, check what experts said

LIC Jeevan Umang Insurance Policy: GUARANTEED benefits! NO LIMIT on maximum basic sum assured - All details here

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved