After dismal 2019, Samsung pins modest recovery hopes on chip market pick-up

) earlier offered positive outlooks, fuelling hopes of a rebound in chip prices after a slide that started in late 2018.

Samsung said it expected January-March earnings to fall from the preceding quarter, reflecting low seasonal demand for chips and displays. “Samsung offered a conservative outlook for the memory market, and there is a disconnect between market views and the company views when it comes to strength of the recovery,” said Park Sung-soon, an analyst at Cape Investment & Securities.

Fourth-quarter operating profit more than halved to 3.45 trillion won in Samsung’s mainstay chip division, while its mobile division profit surged by two-thirds to 2.52 trillion won, thanks to strong sales of flagship models and a revamp of its mid- and lower-end A series line-up.

HyunjooJin HeekyongYang Needs a bit of a cranialrectalectomy in light of recent events in the region.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft's Azure growth rate is up for the first time in years - Business InsiderMicrosoft's Azure cloud business just showed accelerated growth for the first time in years as it takes on Amazon Web Services
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus Tests Market’s Faith in Global EconomyInvestors who began the year feeling largely sanguine about the stock market are struggling to make sense of whether a growing coronavirus outbreak could upend their bets on a global economic recovery. This is way more important than worrying about money........ It will - no doubt about it You better know it
Source: WSJ - 🏆 98. / 63 Read more »

Huawei snatched market share from Apple, local rivals in China in 2019Top Chinese smartphone maker Huawei Technologies Co Ltd thrived in 2019 at the e... Your point being ! Aren’t Apple phones built in China? American..
Source: Reuters - 🏆 2. / 97 Read more »