Feeds

Samsung glum on year ahead

But sticks to guns on forecasts

  • alert
  • submit to reddit

Build a business case: developing custom apps

Samsung Electronics warned shareholders yesterday that its prospects for the year ahead were less than stellar due to both global and domestic economic uncertainty.

Reuters reported that the Korean electronics giant’s vice chairman, Yun Jong-yong, said the company faced “big risk factors going forward” and “the outlook for our key businesses is not good.”

Those key businesses include DRAM, LCD panels and mobile phones, all of them markets where ever increasing demand offers little protection from a peaks and troughs pattern on capacity and pricing.

Despite the downbeat assessment of the year ahead, the company reiterated its forecasts for this year which call for sales of 58.7 trillion won ($58.2bn) and net profits which best last year’s 10.79 trillion won. $reg;

Related stories

Samsung shows 'world's first' DDR 3 chip

Infineon issues profit warning

Infineon issues profit warning

Infineon issues profit warning

The essential guide to IT transformation

More from The Register

next story
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?