Yesterday on our website, we informed you about the excellent outlook of analysts for Samsung's sales for the first quarter of this year. However, while analysts were predicting a roughly fifty percent year-on-year increase in profits, the South Korean giant pushed this limit by a few percent. A little while ago, he revealed his profit estimate for the 1st quarter of 2018.
According to the South Korean giant, operating profit can be expected for the first quarter of this year in the amount of approximately 14,7 billion dollars, which represents a year-on-year increase of 57,6%. Last year, during the same period, Samsung "only" reached 8,7 billion dollars. More detailed informace however, Samsung unfortunately did not disclose. To confirm or refute the slowdown in the production of OLED displays or the sales numbers of new ones Galaxy So we will have to wait a while for the S9. In general, however, it can be expected that memory DRAM chips, the price of which skyrocketed last year, will be the big driver. Thanks to them, Samsung broke its sales record last year. On the contrary, the decline in the production of OLED displays for Apple might not be as drastic as the world claims.
Interestingly, although Samsung's prospects are very good, at least according to the above information, the company's shares have fallen slightly. According to the portal Sammobile the main reason may be that Samsung relies mainly on its semiconductor division, which generates huge profits for it. However, if its profits started to decline, it would of course be very unpleasant for the shareholders and the company itself. However, analysts are predicting this very course, because memory chips will probably not keep their high price for long.
Source: samsung
