Reporting by Joyce Lee Editing by Stephen Coates
“Although the proportion cost has lately seen steep jumps, still it doesn’t reflect all of the forecast profit increases.”
Revenue likely rose 29.7 % from last year to 62 trillion won, in comparison to the analysts’ average forecast of 62.1 trillion won.
The Apple Corporation (AAPL.O) smartphone rival and global memory nick leader stated third-quarter operating profit was likely 14.5 trillion won ($12.81 billion), in contrast to the 14.3 trillion won average of 20 analyst estimates inside a Thomson poll.
Strong global interest in DRAM chips continuously outpace supply in 2018 as baby plants from Samsung with no. 2 memory nick maker SK Hynix (000660.KS) aren’t likely to operate until 2019, while interest in NAND flash chips exceeded supply for six straight quarters by recently, DRAMeXchange, a division of information provider TrendForce, stated.
Growing sales of organic light-emitting diode (OLED) smartphone screens for brand new Apple smartphones also provide supported forecasts of the new earnings record within the 4th quarter.
“Memory chips have joined a brave ” new world “. The speed of supply increase has slowed drastically, while demand from customers has exceeded expectations, quickly lifting prices,” stated Kim Woon-ho, analyst at IBK Investment & Securities.
SEOUL () – Samsung Electronics Co Limited (005930.KS) stated on Friday its third-quarter operating profit likely nearly tripled from last year to a different record, beating analyst estimates as strong memory nick prices fattened margins.
Samsung can also be likely to announce a brand new shareholder refund policy for the following 3 years when the finish of October, if this releases third-quarter results.