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Forum > Manufacturer Discussion > Samsung > Samsung profitability growing again, stock surges

Author Samsung profitability growing again, stock surges
Tsepz_GP
Apple iPhone 6 Plus
Joined: Dec 27, 2006
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From: Johannesburg, South Africa
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Posted: 2015-10-07 13:49
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Samsung beat analysts' expectations and its shares surged 8.7%, the biggest jump since 2009. The full results are not available yet, but the operating income rose to $6.3 billion – a massive 79.8% jump compared to the year ago quarter.

Semiconductors and displays are behind Samsung upswing. External Super AMOLED consumers like Huawei (for the new Nexus 6P) are buying more, helping the display unit (over 30% of display units may head to Chinese makers).

Samsung's semiconductor business is enjoying Apple's success (it supplies components for iDevices) and is expected to keep its top position among semiconductor makers, five quarters in a row.

There are no hard numbers on the mobile division, but analysts' expectations are for a 24% rise year on year (around $1.9 billion). This will be the first year-on-year rise in sever quarters for the division, which went through a rough patch.




http://www.gsmarena.com/samsu[....]in_stock_surges-news-14357.php
http://www.bloomberg.com/news[....]-weaker-won-drives-parts-sales
http://www.phonearena.com/new[....]llion-quarterly-profit_id74488
[ This Message was edited by: Tsepz_GP on 2015-10-07 12:53 ]
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