Samsung Electronics Expects Third-Quarter Operating Profit to Be Its Highest Ever

Ruben Fields
October 7, 2018

Sales advanced 4.7 percent to reach 65 trillion won over the cited period, the company added. The guidance range is also above KRW58.48 trillion in the prior quarter.

However, sharp drops in price for certain chips have brought its two-year super cycles of limited supply and surging demand to an end, and industry analysts expect the quarter for July through September to mark a peak in the tech giants earnings.

Samsung is forecast to still book decent operating profit growth of 12 percent in the fourth quarter, Refinitiv data shows. Motorola Moto G7 Specifications Leaked Online; Render Video Reveals Design Ahead of Official Announcement.

Sales from Samsung's chip division are creating big business for the Korean company - which of course, had a challenging Q2 due to the Galaxy S9 smartphone failing to deliver its expected profit growth. The finalized earnings report will be announced later this month. In particular, the memory chips and display business continue to do well. OnePlus Smartphones More Popular Than Apple iPhones Among Millennials According to CMR Report. Compared to the previous quarter, revenue was up 11.1 percent and operating profit was up 17.7 percent.

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Samsung Electronics Co posted profit that topped estimates on resilient sales of memory chips, easing concerns about a dropoff in demand. The guidance is meant to give a general idea how the company did for any given yearly quarter and compares the results to other relevant ones. It was slightly down from a year earlier. Nobel Prize-Winning Physicist Sold His Medal for United States dollars 765,000 To Pay Hospital Bills. The earlier market consensus on Samsung Electronics' operating profit was between 16.8 trillion won and 17.1 trillion won. Nokia 7.1 Smartphone With PureDisplay Launched; Price, Features, Specifications: All You Need to Know. Its business likely won't experience any near-term effects of such a development and its stock should remain stable, or at least unaffected by lower profits that are likely to be generated over the final quarter of the year. Discount on OnePlus 6: Get OnePlus 6 Smartphone with Rs 5000 Discount During Amazon Great Indian Festival Sale.

Chips account for almost 80 percent of Samsung's operating profit and Samsung has benefited from a surge in data centers for cloud computing that has spurred spikes in prices for DRAM chips. The overall display revenue is estimated to have increased 14 percent to around 9.5 trillion won.

Samsung can weather slowdowns in particular market segments because it's invested in so many different ones.

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