Feeds

Analysts: Samsung will show us the MONEY on Friday

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

SANS - Survey on application security programs

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. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.