Hinting at a Slowdown, Operating Profit for Samsung Rises Only Fifteen Percent
With a drop in the number of smartphone sales last year, Samsung Electronics said that the company would arrange a turnaround through use of components which are a must for electronics including screens, circuits and the essential chips.
The company said on Friday, its operating profit went up in the fourth quarter by almost fifteen percent. That's not much compared to the approximately eighty percent climb in the third quarter.
The company's results revealed how vulnerable is it to the demand weakness globally although it dominates the all important memory-chip and display markets.
The South Korea based electronics company somewhat managed to jump the weak prices for memory chips in 2015 due to advanced technology. It charges a premium amount in spite or lower cost of production.
However, not leaving much hope of a recovery further even the price of those items dropped in recent times.
A Sanford C. Bernstein analyst, Mark Newman, said "It's not going to be a disaster for memory or for Samsung. But for Samsung, it makes sense that they're not going to be able to outperform the rest of the market as they had been doing the previous three or four quarters."
- Canoo seeks patent to protect modular & customizable EV platform architecture
- Democratic Senator Tom Carper wants Biden administration to ban gas-powered cars by 2035
- Tesla doesn’t spend money on ‘manipulating’ public opinion: Elon Musk
- Tesla Model 3 outshines gas-powered counterparts to become world’s best-selling premium sedan
- US economy remains stable and will continue to grow