It has been two weeks since highly reliable analysts predicted the future of the South Korean company Samsung. According to them, Samsung will really do well as its operating profit will increase by 40 percent by the end of the first quarter of this year. But this time they didn't hit, because the company's operating profits are falling at a rocket pace.
Samsung expects that in the first quarter of 2017, from the beginning of January to the end of March, its operating profit will be "only" 8,7 trillion won, which is about 7,5 billion dollars. However, the company was originally expected to take in as much as 9,3 trillion won, or $8,14 billion, this quarter. Compared to previous estimates, this is a definite drop, but compared to the same quarter last year, the company improved by 30,6 percent, and that is not bad at all.
FnGuide did a special survey on Samsung Electronics' earnings forecasts and came up with this result. According to the survey, operating profits may fall by 0,3 percent year-on-year. As we wrote earlier, this year the company will be most helped by sales of cheap semiconductors, which will be purchased by competing phone manufacturers. Analysts forecast profits from Samsung's semiconductor division to be about $4,3 billion in the first quarter of 2017.
Of course, the introduction of the flagship will also help Samsung financially Galaxy The S8, which will be revealed to the world already this month, March 29, 2017 to be exact.
