Record profit expected for Samsung, despite headwinds
Seoul — Samsung Electronics is expected on Tuesday to forecast a record quarterly profit in the fourth quarter, as a world hungry for processing power and hi-tech smartphones snaps up its semiconductors and screens. While a stronger won and falling NAND chip prices could take some shine off the performance, most analysts are tipping a strong quarter for the world’s leading maker of semiconductors, smartphones and televisions. The South Korean technology giant is expected to forecast a 74% year-on-year jump in operating profit in the October-December period, to 16-trillion won ($15bn), according to a Thomson Reuters survey of 16 analysts. The company will issue earnings guidance on Tuesday, ahead of full details on its performance later in January. "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," said Lee Soon-hak, analyst at Hanwha Investment & ...
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