Samsung disappointed the market weak quarterly data
Following the publication of the preliminary data of paper fell in price by 13%. The company said that the results below expectations due to a natural saturation of the market of smartphones and decrease the growth rate of sales. "Company significantly missed the average expectations. Initially, many analysts predicted that Samsung will show weakening momentum in the third quarter, but in reality, we are seeing a weakening trend already in the second quarter. Today's results of the largest smartphone manufacturer has signaled that the way we look at the mobile market, "- says Han Byung Joon, an analyst at brokerage Korean KB Investment & Securities. Company did not publish data on unit sales of smartphones, but stock analysts believe that the figure was less than 74 million smartphones. said in a statement that the proceeds Samsung in the quarter amounted to 57 trillion won, against 47.6 trillion won a year earlier.
Analysts expect that Samsung will sell at 58.6 trillion won. Korean traders say that the negative results of Samsung pulled him down the whole exchange identifier KOSPI, which on Friday shows a drop of 3.2%. Estimates Bloomberg, last month, Samsung has reduced the capitalization of 25.3 billion, exceeding the total capitalization of the Japanese Sony. Experts say that if the fall was due to the capitalization of weak sales of televisions and home electronics. Regarding the device Galaxy S4, then JPMorgan Chase analysts previously predicted that this year the company will sell 80 million units, whereas now the forecast is lowered to 60 million units. Morgan Stanley lowers forecast from 71 to 60 million units.
A preliminary report does not indicate Samsung's net profit or breakdown of figures for their major. However, according to analysts, the company's revenue in the telecommunications division of about 6.9 trillion won, sales should grow by 54% to 36 trillion won. Samsung profits in the semiconductor area should have grown by 74% to 1.8 trillion won on sales of 9.41 trillion won. Unit for the production of displays and TVs will make a profit of 1.1 trillion won. Today publication The Korea Times reported that Samsung has increased funding for research and development. The company plans to invest over the next three years, about $ 4.5 billion in the construction of R & D-cents. It is expected that the data center will employ about 10,000 engineers, designers and other fields.
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