Shares of Samsung Electronics (0005930KS) are down half a percent in Seoul trading at ?1,446,000 after the company this morning (South Korea time)
announced Q4 revenue of ?56.06 trillion and operating profit of ?8.84 trillion, in line with a pre-announcement on January 8th and in line with Street estimates.
The company’s “Mobile Communications” division saw an increase in revenue of 4%, quarter to quarter, to a total of ?27.3 trillion, mainly thanks to sales of “Galaxy S III” and “Galaxy Note II” phones that compete with Apple‘s (AAPL) iPhone and phones based on Google‘s (GOOG) Android software.
Samsung said that its chip-making division continued to experience “weak” demand for DRAM memory chips for personal computers, but that “high value-added products such as server and mobile DRAM was constant due to increased sales of mobile devices.”
Happily for semiconductor chip equipment companies like Applied Materials (AMAT) and KLA-Tencor (KLAC), Samsung will not cut its capital spending this year but rather maintain it at last year’s level:
As for this year�s capital expenditure, the size of investment is expected to be similar to that of 2012�s.The weakening global economic recovery and looming market uncertainties are anticipated to weigh on plans for investment and performance this year, but despite global economic jitters, Samsung will respond to the market�s ebb and flow with a capex plan that is flexible in manner.
No comments:
Post a Comment