Samsung's profits hit record

Samsung's profits hit record
Samsung may be aiming to make us fat and lazier than ever, checking the fridge content and the visitor at the door from the couch in front of the TV, but obviously it is delivering what people want, as it just did a record profit forecast song and dance for this past quarter. 

In a regulatory filing ahead of its Q4 earnings announcement, which is apparently obligatory to do in South Korea for listed companies, Samsung says that it expects to have pocketed about $14.1 billion in the October-December period. For comparison, its last earnings guidance, for Q3, was $12.8 billion, another record at the time. For another comparison, Apple logged $8.7 billion profit then in its turn.

Things are about to get very interesting when the two giants announce their final Q4 earnings, as Apple predicted a record quarterly revenue, too, buoyed by the iPhone X sales, but Samsung gets a nice chunk out of each unit, as it's supplying the iPhone's most expensive part - its OLED display. 

Still, if Apple's usual profit margin holds water for Q4 as well, it should have Samsung beat in terms of overall profit. With $14 billion earned for just one quarter, we doubt that Samsung will be too upset about that, but we'd have to wait and see what will Apple's haul be when it announces earning on February 1st.

source: Korea Herald 

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37 Comments

2. Techlover2018

Posts: 80; Member since: Jul 14, 2017

Samsung is the king of innovation. They also announced the first commercial available micro led tv.aka. The Wall. A 146" 4k Marvel.

17. makatijules

Posts: 835; Member since: Dec 11, 2017

All connected with Bixby. Siri is shaking in her boots.

31. worldpeace

Posts: 3135; Member since: Apr 15, 2016

And AI powered 8k TV.. (because there's limited 8 content right now, that they need AI to upscale everything nicely)

7. iushnt

Posts: 3126; Member since: Feb 06, 2013

They are too big already..

12. sissy246

Posts: 7124; Member since: Mar 04, 2015

OMFG, Samsung or Apple fans, why the hell does it matter who make what. All that matters is , they make what we like, because neither one is going to give us any of that money.

24. makatijules

Posts: 835; Member since: Dec 11, 2017

Thank you. The problem isn't Samsung fans. The problem is A0ple fans because everything with them is about.money, because they can't argue about anything else. Because everything else Apple has is lesser. It's always the small groups who are the most vocal. Right?

13. tedkord

Posts: 17417; Member since: Jun 17, 2009

Its boggling the amount of profit companies make these days.

26. makatijules

Posts: 835; Member since: Dec 11, 2017

Because they sell more products than they use too. When you increase your product portfolio and they have success you make more money. I recall when making $500M was a big dealsamsung is a very big company, bigger than Apple. So they need lots of money. A company that size has compost high revenue. I don't care what they make because they will.always make more than US and they are suppose too. Because if they don't, they will be broke.

36. sleepypandaeyes

Posts: 377; Member since: Apr 12, 2015

Ultimately it's a win win situation , apple users get an amazing amoled screen on their iPhones, Samsung inturns makes a s**t load of money to invest on there products,, hence why it is a good time to be a Samsung user

37. An.Awesome.Guy

Posts: 636; Member since: Jan 12, 2015

With no disrespect phonearena , there is this typo "Apple logged $8.7 profit" ,it should be $8.7 billion, I hope you correct it :)

38. makatijules

Posts: 835; Member since: Dec 11, 2017

It's not a typo. He justvshorten it's because he already mention billion why Samsung and it didn't need to be repeated. Comprehension failure. Don't be so quick to correct. People have that bad here!

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