About Those Margins — Samsung Earnings

About Those Margins — Samsung Earnings

About Those Margins — Samsung Earnings

Samsung shares are trading at a near-record high of 2.4 million won as of Thursday, as investors look forward to record earnings in 2017 driven by growing demand for chips capable of powering ever more complex servers and smartphones.

South Korea's ruling party made a rare comment about Samsung Electronics Co.'s good second-quarter earnings Saturday, a gesture seen as a prod to get the world's largest manufacturer of smartphones to do more to revitalize the local economy. After its Galaxy Note 7 phone was widely publicized for its flammability, Sammy continued to struggle in Q1 this year, marking a 9% decrease in year-on-year operating profits.

Samsung will announce its actual earnings at the end of the month.

Business at Samsung will likely go on without a hitch, since other senior officials have been given some decision-making authority.

An employee of Samsung Electronics shows the world's first 30-nanometer 64-gigabit NAND flash memory device during a news conference in Seoul 23 October 2007. Samsung Electronics said it has developed the world's most powerful memory chip which could
A Samsung employee holds a 64-gigabit NAND flash memory device in 2007

After spending 15.6 trillion won on its Pyeongtaek plant south of Seoul, total investment in the facility will rise to 30 trillion won by 2021, it said in an statement Tuesday. The tech giant predicts that it will generate 60 trillion won ($51 billion) in revenue and 14 trillion won ($12.1 billion) in operating profit during the period. The company also would have earned more than the four US stock bellwethers (Facebook, Amazon, Netflix, and Google) whose combined operating profit in the first quarter was $11.15 billion.

The company commonly bankrolls its chip enterprises with more than $10 billion a year to lead the industry, outstripping such rivals as S. Korea's SK Hynix and Japan's Toshiba. The Samsung Galaxy S8 was the first major flagship smartphone with an edge-to-edge display and a 10nm technology based Qualcomm Snapdragon 835 processor, which performs and utilizes battery better than the existing 14nm technology processors.

Samsung's report didn't break down the numbers by division, but outside projections agree on the central role of its memory business in the profit jump.

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