Feeds

Samsung: Ta-da! We made $7.8bn. What do you mean you expected another BILLION?

Firm misses the hell out of estimates as mobe sales drop

Reducing security risks from open source software

Samsung Electronics has missed analysts' estimates of its operating profit for the fourth quarter of last year, after a one-off special bonus for employees and slowing demand for high-end smartphones.

The company said that its guidance ahead of the full results on January 24 put operating profit at 8.3 trillion won ($7.8bn, £4.76bn), down 18 per cent from the previous quarter's record earnings and six per cent less than the profit for the same quarter in the previous year.

Analysts had expected lower profits, but the figure is a whopping 1.45 trillion won ($1.35bn, £828m) below Thomson Reuters' Starmine SmartEstimate, made up of the forecast of 23 analysts, which came out at 9.75 trillion won ($9.24bn, £5.64bn).

Profits were expected to be hit partially because of a special bonus for the 20th anniversary of the "New Management" plan of Chairman Lee Kun-hee, which has been estimated at between 300bn and 700bn won on special incentive payments to workers. There are also fears that the slowing smartphone sector is hitting both Samsung's Galaxy line-up and its business supplying displays and chips for rivals like Apple.

On top of that, investors are worried about the won currency's strengthening position against the dollar, which will hit Sammy's export earnings. Shares have fallen by ten per cent in the last month, wiping a hefty $19bn off the company's market value. ®

Mobile application security vulnerability report

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

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.