Samsung is predicted to report a close to 50 percent annual improvement, an equivalent of $13.81 billion in operating profit for the first quarter of 2018 according to WISEfn forecasts, a market analytics firm as published by Business Korea.
The South Korean tech giant is also foreseen to record a $57.8 billion worth of sales from January to March, contrary to Samsung’s first fiscal quarters traditionally rendering their weakest financial terms every year.
Analysts believe that this year’s first quarter results will be close to the Seoul-based company’s record-breaking fourth quarter of 2017 performance.
These newly-reported predictions were conducted by a number of securities companies from South Korea and abroad. Samsung is likely to release its first quarter report late this April and will confirm the exact announcement date in the next coming days.
Despite of the expected display and memory units’ sales decline, Samsung’s profitability will not be greatly affected, partially because its DRAM prices are still rising.
Also, Apple’s laid-back global sales of its newest iPhone X should also impact Samsung’s display manufacturing operations for supplying the OLED panels of the latest iOS flagship.
The Galaxy S9 and Galaxy S9 Plus should both significantly contribute to Samsung’s Q1 2018 results despite of these newest handset’s weaker sales compared to the Galaxy S8 lineup last year.