Memory Business Driving Samsung Electronics; FVE Increased to KRW 1.9 Million
Samsung has announced much better-than-expected fourth-quarter earnings with operating profit of approximately KRW 9.2 trillion, primarily driven by very strong memory market demand and tight supply. Full-year revenue was up 0.6%, with operating profit up 10.7%. This was a very strong year, considering that a year ago, management was forecasting no profit growth in 2016, and considering the unexpected and costly product recall of the Galaxy Note 7 in the third quarter. We increase our forecasts ...Samsung Electronics is engaged in the manufacture and sale of electronic goods, communication products, semiconductors, telecommunication equipment, home appliances and other similar products. Co.'s products are mobile phones, MP3 Players, DVD players, video equipment, including Blu-Ray, TVs and VCRs; household appliances, including microwave ovens, refrigerators, home air conditioners, washing machines, ultrasonic humidifiers, dehumidifiers, vacuum cleaners and other small electrical goods; audio equipment, including semiconductors, information systems, and computers; miscellaneous parts; other products, including automatic vending machines, refrigerated display cases and electric tools.
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