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Last updated: September 12th, 2017 at 09:09 UTC+02:00
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Industry insiders had said earlier that Samsung could experience almost no growth this quarter since it achieved unprecedented results in the last quarter with an operating profit of KRW 61 trillion (about $12.38 billion). Even Samsung had said that its earnings could fall in the following three months. However, industry trackers have now started predicting that earnings may top initial estimates due to sales of OLED screens to Apple for the iPhone 8, which is expected to be unveiled tomorrow.
Kim Sun-woo, an analyst with Meritz Securities, said that Samsung's sales could reach KRW 64.84 trillion and an operating profit of KRW 14.34 trillion for Q3 2017. “Samsung's cautious guidance report reflects underlying uncertainties in the market, yet strong demand in computer chips and stable profits being generated in the smartphone market are bolstering expectations,” Kim said. This view was echoes by eBest Investment Securities Co.
The reasons provided by eBest Investment Securities Co.'s market expert Eo Kyu-jin were higher pries of RAM and NAND flash chips. Samsung just received record pre-orders for the Galaxy Note 8 in the US.
Asif is a computer engineer turned technology journalist. He has been using Samsung phones since 2004, and his current smartphone is the Galaxy S21 Ultra. He loves headphones, mechanical keyboards, and PC hardware. When not writing about technology, he likes watching crime and science fiction movies and TV shows.
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