please contact sales@tanchin.hk for any inquiry
South Korea's Samsung Electronics (005930. KS), the world's largest manufacturer of memory chips and smartphones, reported a 56% drop in operating profit in the third quarter on Thursday. In the context of the industry's continued downturn, the drop in chip prices brought a drag, but chip sales should grow in 2020.
Samsung said the chip business outlook showed positive signs, due to the expected demand of data center customers and the continuous expansion of 5g smart phone business.
But Samsung said it was cautious about the outlook for 2020, possibly referring to the outlook for trade relations between the US and China, given the uncertainty in the macroeconomic environment.
Samsung said its third quarter operating profit was 7.8 trillion won ($6.7 billion), slightly higher than the company's earlier estimate of 7.7 trillion won. Revenue fell 5.3% to KRW 62 trillion, in line with earlier estimates.
Analysts said Samsung's profit has declined for the fourth consecutive quarter, and is expected to decline in the current quarter.
Earlier this month SK Hynix (000660. KS), a South Korean chip maker, said 5g smartphones should help the global memory chip market out of trouble next year.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

6328 M/W64 6228/W64 6028/W64 6028-Z/W64 6028-2RS1/W64 16028/W64 61828/W64 61828-2RS1/W64 6326 M/W64 6226/W64 6226-Z/W64 6026/W64 6026-Z/W64 6026-2RS1/W64 16026/W64 61926/W64 61826/W64 61826-2RS1/W64 6324/W64 6224/W64