Feeds

Analysts: Samsung will show us the MONEY on Friday

Q4 take expected to rise to $4.1bn on smartphone sales

Top three mobile application threats

Samsung will be announcing a healthy profit in its quarterly results, according to market-watchers, who reckon the Korean electronics giant has powered through the period with strong smartphone sales.

The company, which is constantly jockeying with Apple for the title of top mobe-maker, has seen its star rise somewhat meteorically in the sector, with its smartphone business accounting for over half its profits in the last quarterly report.

In the fourth fiscal quarter, for which earnings guidance will be reported on Friday, Samsung introduced the Galaxy Nexus, Google's flagship phone hosting the new Android OS, Ice Cream Sandwich. The hotly anticipated release, along with its still-popular Galaxy SII, should see smartphone profits continue to grow.

Samsung is likely to report an operating profit of 4.7 trillion won ($4.1bn) for October to December, according to a consensus of 30 analysts polled by Thomson Reuters I/B/E/S. Its third quarter results for the period up to September saw it post an operating profit of 4.25 trillion won ($3.7bn).

The Korean firm's main claim to fame used to be its memory chip business, a sector that has taken a battering from poor consumer demand for PCs. But Samsung is busily countering the drop there by focusing its resources on making the kinds of chips used in mobiles, tablets and cameras.

Back in December, the company applied to build a new chip factory in China to produce NAND chips, an application that the South Korean Ministry of Knowledge Economy has now approved, according to Chinese news agency Xinhua.

Samsung will start laying bricks on the new fab in the first half of this year, and hopes to start production at the factory in the second half. ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.