Published: Sun, July 09, 2017
Markets | By Erika Turner

Samsung set to surpass Apple as the world's most profitable tech company

Samsung set to surpass Apple as the world's most profitable tech company

They forecast 4 trillion won in operating profit for its smartphone buisiness, 1.5 trillion won for its display unit and 800 billion won for consumer electronics.

Nomura has predicted DRAM chip prices will continue to rise in the second half of 2017 due to limited supply and strong demand driven by servers.

Samsung has has impressive sales of its Galaxy S8 and Galaxy S8 Plus smartphones, these have contributed to their strong sales. For that, we'll have to wait until later this month for the official earnings release.

But Greg Roh of HMC Investment Securities told AFP: "All the three sectors - semiconductor business, display and smartphone business - are all believed to have performed well". The Note series is one of the best in the premium segment and did not expect to see such a blunder. Revenue also rose 18 percent year-on-year to $60 trillion won (around $52 billion), beating previous estimates of $59 trillion won ($51.1 billion).

"This compares to the five year average decrease of 7% and a 2% increase in June 2016", Drexel Hamilton analyst Brian White wrote in a note looking at Apple's suppliers that he calls "Apple Monitor".

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After the announcement of their revenues for the second quarter of this year, Samsung is expected to become the second largest producer of Semiconductors in the world pushing down Intel Corp which enjoyed the position for a good long time. Earlier this week, Samsung said it planned to invest $18 billion in South Korea in its chip business to boost its lead in the market.

It also beats the 13.1 trillion won ($11.3 billion) projection by Bloomberg analysts.

In smartphones, Samsung has been increasingly sandwiched by smaller Chinese rivals in the low and mid-end markets, and by Apple's iPhone in the high-end segment.

The premium-tier handsets have done a lot to fix Sammy's reputation after tons of unpleasant Note 7-related publicity last year, and analysts project healthy sales for the models, as we go into the second half of the year.

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