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Home > Tech News > Samsung Electronics fourth quarter profit or plunge 40% S20 series can save the savior?
Samsung Electronics fourth quarter profit or plunge 40% S20 series can save the savior?

Samsung Electronics fourth quarter profit or plunge 40% S20 series can save the savior?

By  Joscelin Self 2020-01-08 1408 5

[gearbest News] either way, Samsung Electronics is the industry leader in the world. Especially in the booming 5G mobile phone market, Samsung has taken the top spot. Samsung accounted for 54 per cent of the global 5G smartphone market as of November 2019 and is expected to sell 4 million 5G phones by the end of 2019, officials said. However, the popularity of 5G phones does not seem to be in direct proportion to Samsung's overall revenue performance.

Samsung Electronics.

SmartEstimate, a foreign financial data provider, compiled a report of analysts predicting that Samsung Electronics will suffer its biggest annual profit reduction in at least a decade in 2019. Specifically, when Samsung released its preliminary results for the fourth quarter of 2019 on Jan. 8, it is expected to report a 40 per cent year-on-year decline in operating profit for the fourth quarter, resulting in an operating profit of 6.48 trillion won ($5.53 billion).

Samsung press conference poster.

In fact, the fourth quarter will be the fifth consecutive quarter in which Samsung suffered a year-on-year decline in operating profit. SmartEstimate analysts expect Samsung's profits to soar nearly 40 per cent in 2020 amid a recovery in the chip market in the first quarter of 2020.

On the other hand, Samsung will unveil a number of blockbuster flagships such as the S20 series and the Fold 2 next month. Whether we can create better revenue for Samsung Electronics depends on whether the product is hard or not.

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