LG had a profitable Q4 2017, but no thanks to smartphone sales

Samsung Q4 2017 Samsung chip division Samsung sales NAND memory chip DRAM memory chip flash memory semiconductor industry Samsung sales

Samsung Electronics' fourth-quarter sales were projected to have jumped 23.8 percent year-on-year to 66 trillion won.

The results were below analysts' expectations.

Full-year sales were expected to edge up to 239.6 trillion won, up 18.7 percent from 201.9 trillion won the previous year, Samsung said.

For 2018, it has issued a tempered forecast: analysts predict computer chip prices to drop and there is some doubt about Samsung's smartphone division, because of increased Chinese competition.

According to the earnings guidance that was recently released, the last quarter of 2017 was a great one for Samsung.

Samsung Electronics, the world's largest maker of memory chip, flat screen and TV, posted its biggest-ever operating profit in 2017, the South Korean company said Tuesday. For comparison, the company "only" made 29 trillion won (around $27 billion) in 2016.


The local stock market opened higher taking a cue from overnight US gains, but the index slipped in afternoon trades to close lower. However, despite the lower-than-expected results, operating profits in 2017 are the second highest in the company's history, behind 2009.

South Korean stocks finished lower on January 9 due to tech losses, triggered by Samsung Electronics' weaker-than-expected earnings estimates due to the strengthening local currency, analysts said.

"Investors will wait for quarterly reports of other tech heavyweights to make changes to their portfolios".

Revenue was estimated to have increased 24 percent to 66 trillion won, against analysts' average forecast of 66.8 trillion won.

This photo taken on January 9, 2018, shows South Korea's largest conglomerate Samsung's offices in Seoul.

Related news:

Hot News

isis-killer-beheading-video-story-top 12 in the nation for online bachelor's degree programs
Jan 10, 2018 - 01:54
The Master of Science in Information Technology degree is offered by the college's School of Information. For the seventh year, EKU Online degree programs have been ranked among the best by U.S.

isis-killer-beheading-video-story-top PUBG players will soon be able to report cheaters in replay mode
Jan 10, 2018 - 01:54
If you suspect someone, press tab to bring up the player list during replay , then press RMB to bring up the report button. With this patch, the energy drinks come in an entirely new can picturing a mustachioed muscle man.

isis-killer-beheading-video-story-top Relief for H-1B visa holders! Trump administration rejects deportation plan reports
Jan 10, 2018 - 01:52
Thankfully, the H1B plan, which provides the immigrants the extension of more than 6 years in United State has not ended, yet.

isis-killer-beheading-video-story-top Spectre Patch Causes 'Significant Slowdown' On Older OS, Chips
Jan 10, 2018 - 01:50
In order to eliminate the potential risk, software vendors, including Microsoft, had to release updates to their products. If you do happen to install the update, then Microsoft's support page has a fix that should help.

isis-killer-beheading-video-story-top Vuzix targets mass market with new Blade AR glasses
Jan 10, 2018 - 01:49
However, Vuzix has emerged as the first smartglass maker to showcase the development in real. Amazon has revealed that they're getting ready to bring Alexa outside of the Echo.

isis-killer-beheading-video-story-top A near ace and a big win for Dustin Johnson at Kapalua
Jan 10, 2018 - 01:37
Round of the day: Johnson wasted little time in putting the trophy out of reach, with birdies on four of his first nine holes. After dropping his lone shot on No. 11, he played his next five holes in 5 under en route to an 8-under 65.

isis-killer-beheading-video-story-top Lena Dunham is 'starting over' after Jack Antonoff breakup
Jan 10, 2018 - 01:37
I'm afraid it's too nuanced a conversation to have on this platform. Hard to discuss issues with nuance there. It's perhaps more complex than that.

isis-killer-beheading-video-story-top Kanye West Raps for a Cancer Patient Days Before She Passes Away
Jan 10, 2018 - 01:36
In July 2016, the rapper producer gifted a fan named Tyler Wesley with a free pair of custom Yeezys after learning he was paralyzed in a bad auto accident, reported XXL .

isis-killer-beheading-video-story-top BlackBerry Motion Lands In The US January 12th
Jan 10, 2018 - 01:32
It will be available in select markets across Asia, Europe and the Middle East and will come with dual-SIM support for some of those markets.

isis-killer-beheading-video-story-top Google's Daydream VR breaks free of the smartphone with new standalone headset
Jan 10, 2018 - 01:31
In short, you can dodge, bank left, or jump, and all of that will be tracked and interpreted by the platform. Google has announced a few new products made by its partners and one of them is the Lenovo Mirage Solo .

isis-killer-beheading-video-story-top Brooklyn assemblywoman indicted on fraud and other charges
Jan 10, 2018 - 01:31
She provided fake lease agreements and receipts, and forged the landlord's signature, said prosecutors. Instead, she's accused of diverting the cash into her checking account to pay for personal expenses.

isis-killer-beheading-video-story-top Modi govt poses threat to democracy, Constitution: Mevani
Jan 10, 2018 - 01:29
Alpesh Thakore, Hardik Patel and I are being targeted because we demolished their (BJP) pride and arrogance in Gujarat. Speakers from various states narrated tales of atrocities and vowed to fight what they called BJP-RSS "fascism".

isis-killer-beheading-video-story-top USA suspending security assistance to Pakistan: State Department
Jan 10, 2018 - 01:29
This suspension includes FMF 2016 ($255 million) as well as prior year FMF that has not yet been spent or delivered. Trump's new policy, the official said, is driven by the his desire to have a successful strategy in Afghanistan.

isis-killer-beheading-video-story-top Arsenal have squarely turned their attention to Thomas Lemar
Jan 10, 2018 - 01:26
Sources at Monaco indicate that the player has no gentleman's agreement with the club that would allow him to leave this month. Lemar is one of the best young midfielders in Europe and will certainly enhance the quality of the current Liverpool midfield.

isis-killer-beheading-video-story-top Oprah 'intrigued' by idea of running for president, friend Gayle King says
Jan 10, 2018 - 01:25
It's true that if she enters the political arena, Winfrey's status as a universally beloved figure will be revoked. On the show Tuesday morning, King said she "was up talking to [Winfrey] very late last night".