Samsung Elec tips record first quarter profit as chip boom winds down

6 years ago
Anonymous $gIi3-PxxKB

https://finance.yahoo.com/news/samsung-electronics-tips-record-first-001603053.html

"Even if profits start falling in the second half, Samsung will have a strong balance sheet this year," said Song Myung-sup, analyst at HI Investment & Securities, predicting looser supply of DRAM chips to start driving down prices.

The global semiconductor leader and Apple Inc (AAPL.O) smartphone rival forecast January-March profit to leap 57.6 percent from a year earlier to 15.6 trillion won ($14.7 billion), beating an average forecast of 14.5 trillion won from a Thomson Reuters survey of 21 analysts.