Samsung profit tops estimates bolstered by memory-chip demand

Samsung profit tops estimates thanks to memory-chip demand

Samsung has now confirmed this in its guidance number announced today.

"Even if profits start falling in the second half, Samsung will have a strong balance sheet this year", said Song Myung-sup, an analyst at HI Investment & Securities, predicting looser supply of DRAM chips to start driving down prices.

Markets were advised that Samsung brought in around 60 trillion won ($56.4 billion) in sales and 15.6 trillion won ($14.7 billion).

However, Analyst Kim Young-woo stated that the semiconductor industry could still slow in 2019, as RAM demand from major clients, such as Apple and social network giant Facebook Inc. might grow weaker, adding that Samsung is likely to trim down its capital expenditure for memory chips next year. Samsung won't provide net income or break out divisional performance until it releases final results later this month.

Samsung also released its new Galaxy S9 smartphone five weeks before the S8 was released a year ago, which likely increased the mobile communication division's operating profit over 2017's figure.

The semiconductor business forms the largest portion of Samsung's profit. The company is estimated to have sold 10 million units to retailers alone.

Lawsuit: Ancestry DNA test reveals woman's biological father was parents' fertility doctor
In the early '80s, Rowlette's parents, Howard Fowler and Sally Ashby, had been dealing with infertility issues and turned to Dr. Upon hearing the news, Mortimer reportedly "cried" knowing he did not disclose his genetic misdeeds the lawsuit stated.

The figures include sales of the flagship Galaxy S9 and S9 Plus handsets, but most of the money-around 11 trillion won-came from Samsung's chip business. That compares to the 14.5 trillion won average of analysts' estimates compiled by Bloomberg.

The firm expected the consumer electronics division's operating profit to increase by 32 percent to 500 billion won.

The display business is believed to have been affected by the stagnant sales of Apple's iPhone X, as Samsung is the sole supplier of the smartphone's OLED screen.

Whether Samsung's bullish performance will continue in the second quarter is in question, as Galaxy S9 sales are expected to slow and the Korean won continues to appreciate against the dollar.

Samsung Electronics Co. said Friday it will participate in the ongoing rights offering of Samsung Heavy Industries Co.by allocating 204 billion won (US$191 million) in funds.

Even with an optimistic outlook for its first-quarter earnings, shares of Samsung closed 0.7 percent lower to ₩2,420,000 on Friday.

Related News:



Most liked

A look at Michigan's hockey season that ended in Frozen Four
MI arguably had better quality scoring chances late in the third period, but that didn't matter when all was said and done. This is the team's first season without Berenson behind the bench - he retired after 32 seasons as Wolverines head coach.

Meghan Markle had to hone tea-drinking skills before meeting the Queen
It will air exactly one week before Prince Harry and Markle walk down the aisle at Windsor Castle on May 19. This would mark Markle's first time visiting Australia as she has never been there before.

United Kingdom police arrest 78-year-old after burglar stabbed to death
They particularly want to speak to a second burglary suspect, who fled the scene. "I feel bad for the man that was burgled". Neighbours of the elderly man have defended his actions, saying he should not be punished for allegedly protecting himself.

Early Forecast Predicts Above-Average 2018 Hurricane Season
An average Atlantic hurricane season produces 12 named storms of which six become hurricanes, three of them major. If the trend continues this year, it will likely make conditions ripe for hurricanes, which feed off warm water.

Germany: Ex-Catalan leader gets conditional release
Trapero was hailed in Catalonia as a local hero for the handling of deadly extremist attacks in and near Barcelona last summer. The rebellion charge would carry a maximum sentence of 30 years' imprisonment, while sedition carries a 15-year penalty.

Fortnite Vending Machine Locations
And now those clever souls at Epic have released the fan-favourite battle royale game on mobile, so NOW you can play it anywhere! These aren't simply buffs for the weapons, as damage falloff-the distance at which their damage is reduced-has also been altered.

Cristiano Ronaldo's greatest achievement is making the Champions League his playground
Not Ronaldo, though, and we should have seen it coming for one key reason. "The wonder goal he scored. he's the best in the world. We have to lift our heads, think about the Serie A race and then go to Madrid to play our game".

Stephon Clark: State Senators on Both Sides Condemn Shooting
Jones also said the two deputies who drove their vehicles through the crowd were not part of the protest detail that night. Protests have rocked Sacramento since Clark's shooting, including delaying National Basketball Association games.

Couple Reunite With Daughter They Lost 24 Years Ago
Several false flags appeared over the years; a number of women who could have been Qifeng but were cleared after DNA test results. Last year, a police sketch artist drew up a portrait of what Qifeng might look like after 24 years, which was circulated online.

Apple poaches Google's AI Chief to make Siri smarter
Because of its stance on data collection, Apple still has no access to the massive data sets that Facebook and Google do. Siri , the most famous personal digital assistant lags behind its competitors like Alexa and Google Assistant .

Spider-Man 'never' coming to Xbox One, confirms Insomniac
As for the performance of the game , it will run at 30 fps whether you play it on the base PS4 or the PS4 Pro. Though Spidey is wearing a brand-new outfit, his pose is inspired by classic Spider-Man covers of the past.

Wenger reacts to empty seats ahead of CSKA clash
However, Wenger believes that the fans always turn up for the big games and will be willing his team on to victory on Thursday. I couldn't have imagined a better start [providing three assists in his home debut against Everton].

Apple is developing touchless controls and curved screens for future iPhones
You may have spotted curved edges on Samsung's smartphones, but they tend to curve down and away at the display's boundaries. Last year's iPhone X borrows the tall, near-bezel-less design that Samsung championed two years earlier.

Buckingham Palace has announced that Prince Philip has been admitted to hospital
The couple had four children together, Prince Charles, Princess Anne, Prince Andrew , and Prince Edward. The Duke of Edinburgh has reportedly been ailing for the past several days.

United Kingdom manufacturing has a steady growth in March, reveals survey
That said, the rate of inflation was the slowest recorded for four months and moderate overall. The pound has gained more than 4pc against the United States dollar since the end of 2017.