Samsung Electronics is expected to surpass 70 trillion won in sales for the first time in the third and fourth quarters of this year on the back of rising DRAM prices, which are dominated by Samsung Electronics.
According to an analysis of Samsung Electronics'performance estimates of five securities firms, including Hana Financial Investment and NH Investment & Securities, on the 22nd, Samsung Electronics is expected to record 74.6 trillion won in sales and 16 trillion won in operating profit in the third and fourth quarters of this year, respectively.
This exceeds the market forecast (Consensus) of 72.53 trillion won in sales and 15.53 trillion won in operating profit. According to securities industry forecasts, Samsung Electronics will surpass 70 trillion won in quarterly sales for the first time.
Operating profit will also be ranked second in history after 17.6 trillion won in the third quarter of 2018. The securities industry pointed out that the main factors for performance improvement are improved yield of non-memory foundry fleet process, cost reduction of 128 layers of DRAM 15nm and NAND flash, rising won-dollar exchange rate, and strong smartphone sales.
Reporter Lee Ji-sun stockmk2020@gmail.com
