Samsung stood the biggest chipmaker by revenue in the last quarter of 2017 and still it is not slowing down in Q1 2018. The Korean conglomerate has released its earnings guidance for Q1 2018, which also includes the figure of Samsung’s S9 sales. The reports indicated that Samsung’s chip business is still world’s largest earner in Q1 2018.
From January to March, Samsung’s chip division is reportedly responsible for the largest portion of its profit . It estimates its profit to be around 15.6 trillion Korean won (US$14.7 billion), up a few hundred million from Q4 2017. That’s just because of its chip business that its profit is expected to be higher than projected.
Samsung’s Chip Business is Still World’s Largest Earner in Q1 2018
Samsung estimates its sales to reach approximately 60 trillion Korean won (US$1.42 billion), which is lower than the previous quarter’s 66 trillion won, but higher than Q1 of 2017, which was 50.55 trillion. Overall Samsung have done well in the first three months of the year.
2017 4Q and 2017 1Q consolidated figures based on K-IFRS are as follows
|(in trillion won)||2017.4Q||2017.1Q|
According to Bloomberg:
The continuous demand for Samsung’s memory chips used in phones and servers outweigh concerns that its display division is performing poorly because the iPhone X isn’t selling as well as expected. (If you’ll recall, Samsung manufactures the displays used for Apple’s all-screen device.)
However, the tech giant’s shares fell after analysts predicted a similar or lower profit for the second quarter of 2018. The analysts think the growth of Samsung will be hampered by memory chips’ price increases.