Tuesday, 24 October, 2017

Samsung Electronics on track for record third quarter as chips soar

Samsung Electronics Galaxy Note 8 is displayed in Seoul South Korea. Samsung Electronics says Friday Oct. 13 2017 its third quarter profit likely surged nearly three folds over a year earlier to a new record hig Samsung predicts record profits for third quarter as memory business booms
Velma Reese | 13 October, 2017, 05:43

Samsung forecasts operating profits of 14.5 trillion won for the third quarter of this year, it says in its preliminary earning guidance, which is its highest to date.

"The company has been riding a global semiconductor boom", he said, adding the semiconductor business alone is believed to have contributed 10 out of the 14.5 trillion won operating profit.

Sales also probably surged 29.65 percent to 62 trillion won in the July-September period compared to a year earlier.

Over recent quarters, the world's largest maker of memory chips, smartphones and other electronics products has seen its booming semiconductor business as a major earnings driver.

The Note 8 received 850,000 pre-orders in South Korea, the highest ever for the series. The company said it will announced its final third quarter results later this month.

Gucci are going fur-free and people are only delighted
Gucci will also support the Italian Anti-Vivisection League (LAV), an Italian group dedicated to the welfare of animals . Marco Bizzarri at the event at London College of fashion said that this decision is part of the obligation for "green".

Samsung is way ahead of rivals in technology updates in its memory business; last month it began producing 128GB eUFS for auto systems.

Yonhap Infomax data based on research from 21 securities firms showed Samsung is expected to post an operating profit of 16 trillion won in the fourth quarter, up 74 percent from a year earlier.

Mirae Asset Daewoo Securities added the consumer electronics division will experience growth on the back of strong seasonal demand.

Industry watchers, meanwhile, said the absence of Samsung's top leaders cast a cloud over the company's long-term strategy. Lee was given a five-year jail term, although he has appealed the case. Vice Chairman and Chief Executive Officer Kwon Oh-hyun is stepping down after more than three decades at the company, saying that he's making way for new leadership amid a corruption trial surrounding the de facto chief.

Samsung shares were trading at a new record high of 2.74 million won as of Thursday, as investors bet on record earnings in 2017 driven by growing demand for memory chips with ever greater processing power.

Recommended

  • Del Potro dumps Zverev out of Shanghai ATP

    Del Potro dumps Zverev out of Shanghai ATP

    ALEXANDER ZVEREV confirmed his status as the new bad boy of tennis with an explosive display of racquet smashing in Shanghai.
    Several Injured After Gunman Opens Fire in Sweden

    Several Injured After Gunman Opens Fire in Sweden

    Another neighbour told the newspaper: 'There were many shots. "Right now, it's locked off", he tells local media. Trelleborg is a Swedish port town located 64 kilometers southeast of Copenhagen in Denmark.
    Two more deaths bring total fatalities to 26 in California wildfires

    Two more deaths bring total fatalities to 26 in California wildfires

    It was unclear how many might be fire victims rather than evacuees who had not checked in with authorities. Thousands of buildings have been destroyed in the North Bay fires and that includes several businesses.
  • Energy price cap plans to be published

    Energy price cap plans to be published

    Today Ofgem said it will work with the Government on these plans to make sure those on SVTs and default deals are protected. Today's move by Ofgem stops short of rolling out a wider price cap, as suggested by the Prime Minister last week.
    Pro sports teams were once reliable patrons of Trump's hotels. Not anymore

    Pro sports teams were once reliable patrons of Trump's hotels. Not anymore

    The Washington Post found that teams pay about $20,000 a night to stay at hotels like Trump SoHo in New York City. In all, 17 teams from across the major professional sports leagues had stayed at Trump properties before 2015.
    Melania Trump wears dress designed by former First Lady

    Melania Trump wears dress designed by former First Lady

    Through her spokesman, Stephanie Grisham , Melania Trump , revealed that she didn't appreciate Ivana's little joke. Her comments haven't gone down well with Melania, whose press secretary issued a scathing statement in response.
  • Amazon suspends top exec Roy Price in wake of harassment claim

    Amazon suspends top exec Roy Price in wake of harassment claim

    In its statement, Amazon says it's reviewing options for projects it has with the Weinstein company. Hackett says she reported the incident to Amazon executives immediately.
    Voter registration deadline is Friday

    Voter registration deadline is Friday

    The voter registration deadline is fast approaching. "We'll get an application for them, have them fill out an I.D. The board will also accommodate absentee voting from 4:30 to 7 p.m.in the Rath Building lobby on those days.
    Wenger backs Wilshere to go to the World Cup

    Wenger backs Wilshere to go to the World Cup

    But the 25-year-old caught the eye with a bright performance when starting against BATE Borisov in the Europa League, in September.
  • First Potomac Realty Trust (FPO) Analysts See $0.20 EPS

    Sempra South American Utilities operates Chilquinta Energia, which serves clients in the region of Valparaiso in central Chile. It is positive, as 14 investors sold EDR shares while 61 reduced holdings. 14 funds opened positions while 12 raised stakes.
    Trump indicates he has no idea how the national debt works

    Trump indicates he has no idea how the national debt works

    The national debt, which he correctly states is $ 20 trillion , is the result of the government spending more than it takes in. In terms of stock market gains, Trump is accurate about the increase, although the exact figure could be up for debate.
    Apple Data Center in Ireland Gets Green Light

    Apple Data Center in Ireland Gets Green Light

    Mollie Spellman (12) from Athenry during the rally in support of Apple's Athenry data centre plans in the town on Sunday . This prompted 2,000 local people from Athenry to march in support of the data centre a year ago .

Technical Snapshots for Investors: JetBlue Airways Corporation (JBLU) This suggests that JBLU is neutral, suggesting that the stock is relatively stable in terms of upward or upward price movement. It increased, as 39 investors sold PPL shares while 215 reduced holdings. 57 funds opened positions while 108 raised stakes.

Andromeda and Dead Space 3 coming to EA Access soon Andromeda and Dead Space 3 coming to EA Access soon One is the fact that EA Access will allow them to try ahead of launch The Sims 4 game through its Play First Trial . Andromeda has registered poor sales at its beginnings due to the fact that it was maligned upon its release.

Percentage Price Oscillator Histogram Below Zero for Goodyear Tire Rubber (GT) It improved, as 32 investors sold ALB shares while 163 reduced holdings. 101 funds opened positions while 392 raised stakes. The total amount of shares outstanding is 253.28 million, giving the company a market capitalization of about 8.36 billion.

Duterte pulls police off drugs crackdown Duterte pulls police off drugs crackdown It was suspended in January amid controversy over rogue cops' involvement in the kidnap-slay of a South Korean businessman. We'll just look for other things to work on, just not drugs for now, " said PNP Director General Ronald Dela Rosa.

Google Express partners with Target, Assistant shopping coming to phones Google Express partners with Target, Assistant shopping coming to phones Target had previously been testing Google's home delivery service, Google Express, only in select markets in California and NYC. Target is making a big move into Google Express.

Samsung's Star Wars themed robot vacuums are the droids you're looking for Samsung's Star Wars themed robot vacuums are the droids you're looking for For example, when powering on the Darth Vader unit, the vacuum will play and mimic the character's infamous breathing. Additionally, the Darth Vader edition comes with Wi-Fi connectivity and a remote control.

ESRB Says It Doesn't See 'Loot Boxes' As Gambling ESRB Says It Doesn't See 'Loot Boxes' As Gambling The ESRB made a statement yesterday about this, and today we have a similar statement from PEGI , the European ratings board. However, many of these virtual items sell for hundreds of dollars on platforms like the Steam Marketplace.

$100 billion Tata says goodbye to telecom business $100 billion Tata says goodbye to telecom business With this deal, Airtel will have over 32 crore customers, way below 40 crore users with the merged Vodafone-Idea entity. If this acquisition deal does go through, it will mark yet another consolidation in India's beleaguered telecom sector.

91-Year-Old Bed-Stuy Man Dies During Home Invasion 91-Year-Old Bed-Stuy Man Dies During Home Invasion There wasn't initially any sign of forced entry, though police stressed that the investigation is still in its preliminary stages. When police arrived to the scene, they found her husband, Waldiman Thompson, lying on the floor, still tied up and unresponsive.

Robbie Lawler vs. Rafael dos Anjos to headline UFC's next FOX special Robbie Lawler vs. Rafael dos Anjos to headline UFC's next FOX special UFC on Fox 26, which goes down on December 16 in Winnipeg, Manitoba, Canada, now has a headliner - and it is absolute dynamite. Since then, having moved up to welterweight, he's 2-0 with wins over former Strikeforce champ Tarec Saffiedine and Neil Magny.

Spike Lee's She's Gotta Have It is being rebooted on Netflix Spike Lee's She's Gotta Have It is being rebooted on Netflix She's Gotta Have It premieres on Thanksgiving Day, and is directed entirely by Spike Lee . Director Spike Lee burst on to the American film scene in 1986 with She's Gotta Have It .

Thailand imposes smoking ban in 20 popular beaches Thailand imposes smoking ban in 20 popular beaches The ban will first touch the 20 beaches of Thailand, but subject to the success of this event can apply across the country. Thailand is a popular beach destination, with the government predicting a total of 35 million tourist arrivals this year.

Russian Election Meddling Extended to Pokemon Go Russian Election Meddling Extended to Pokemon Go Similar activities were uncovered on YouTube, and now clearly Tumblr. The contest featured a Pokemon named " Eric Garner " as an example.

'Fortnite' Publisher Epic is Suing Two Alleged Cheaters 'Fortnite' Publisher Epic is Suing Two Alleged Cheaters This is also technically the same number for how many players have won a game as that's the only way you can earn an umbrella. Broom has been banned once and stated he's working on his own cheat for the game, and Vraspir was banned nine times.

AFC Asian Cup | Macau defeated 4-1 by India after strong start AFC Asian Cup | Macau defeated 4-1 by India after strong start Macau Head coach Chan Hiu Ming rated the Stephen Constantine-coached side very highly at the pre-match press conference. The goal they conceded in Bengaluru was also the first that they had conceded in the third round so far.