Samsung expects 6.3 billion USD profit for third quarter
Last fiscal quarters were not the best of Samsung, but the period from July to September can end this series. After the Korean manufacturer announced its expectations for the financial results for the third quarter of this year, the company’s shares went up by 9%, based on Samsung Tomorrow.
During the year, Samsung made a number of changes in the devices and its policies, which gives the better results – the company expects Q3 to reach 43.9 billion dollars in revenue and profits amount to 6.3 billion dollars. This means it will be reported a jump of 7.5% compared to the same period last year.
“The surprise is pleasant and exceeded expectations. This clearly indicates that Samsung’s earnings are improving,” said on CNBC Daniel Kim, an analyst at Macquarie Equities Research.
According to Kim, the reason for the good performance lies in two factors – higher profit margins from different hardware components (especially displays) and higher deliveries in September flagship Galaxy S6 edge + and Galaxy Note 5. Good rise in Revenue good reason for Kim to believe that the company will surpass the financial results achieved in 2014. The analyst added that serious role play and semiconductor division of Samsung, which is now in its heyday.
Other analysts give better results and a favorable exchange rate fluctuations. They added that sales of phones are certainly grew, and it is especially true for the average and not the most high-end devices. The final results will be ready by the end of the month, and then we expect more details on the performance of individual divisions of Samsung.http://gizbrain.com/2015/10/09/samsung-expects-6-3-billion-usd-profit-for-third-quarter/https://i1.wp.com/gizbrain.com/wp-content/uploads/2015/10/AP-samsung-galaxy-s6-edge.jpg?fit=992%2C558https://i1.wp.com/gizbrain.com/wp-content/uploads/2015/10/AP-samsung-galaxy-s6-edge.jpg?fit=190%2C150SAMSUNGTECH NEWSSamsungLast fiscal quarters were not the best of Samsung, but the period from July to September can end this series. After the Korean manufacturer announced its expectations for the financial results for the third quarter of this year, the company's shares went up by 9%, based on Samsung Tomorrow. During...Michael K.Michael K.email@example.comContributorMichael K. is a writer at GizBrain. Hi guys hope you have fun here as much as I do!GizBrain - Your Tech Brain