Samsung Elec at risk of 2016 profit drop on components headwinds


Proactive measure: Samsung has set up a blog to provide monthly software updates for models including the latest Galaxy S series smartphones (pic), Galaxy Note series phablets and Galaxy Tab series tablets.

SEOUL: Tech giant Samsung Electronics Co Ltd may be due for another profit drop in 2016, as slowing demand for consumer electronics saps momentum for the less-glamorous components businesses that offset last year's smartphone struggles. 

The world's top maker of memory chips and smartphones is expected to guide on Friday its second straight quarter of annual profit growth for October-December. Analysts expect the South Korean firm's overall 2015 earnings to have rebounded moderately from 2014, when profit fell for the first time in three years. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Amazon Prime Video to exclusively stream two NHL seasons in Canada
T-Mobile to invest $950 million in venture with EQT to buy fiber optic network provider Lumos
Hertz Global eyes worst day on record as EV rental business falters
EU court adviser backs data privacy activist Schrems in Meta fight
Spotify says Apple has rejected its app update with price information for EU users
Amazon to invest $11 billion in Indiana to build data centers
IBM falls as enterprise-spending constraints choke consulting demand
Net neutrality rules to be restored in US agency vote
India's Tech Mahindra misses Q4 revenue view on weak communications segment
Explainer-Where are Wall Street's analyst notes on Trump's Truth Social?

Others Also Read