Feeds

Analysts: Samsung will show us the MONEY on Friday

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

Security for virtualized datacentres

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. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
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?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.