Samsung Electronics fourth quarter profit or plunge 40% S20 series can save the savior?
By Joscelin Self 2020-01-08 1408 5
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).
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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