electronics
Samsung’s annual report for Q1 exceeds expectations
With its latest numbers, the electronic giant from South Korea can surprise the market positively. However, the increase in profit is likely to be based on a unique effect.
The latest business figures in Samsung Electronics have clearly exceeded expectations of the market. For example, the South Korean electronic giant assumes 6.6 trillion WON (equivalent to around 4.1 billion euros) for the months of January to March. Compared to the same period in the previous year, this is a slight decline of almost 0.2 percent, but the forecasts of most economists assumed significantly weaker numbers.
According to a survey carried out by South Korea’s official news agency Yonhap, the company exceeded the forecasts of the experts on average by over 33 percent.
According to experts, the positive figures from Samsung should also be attributed to the customs duties announced by US President Donald Trump. Because in the expectations of higher sales prices in the smartphone segment, customers could have preferred purchases over the past few weeks. As one of the global market leaders in the smartphone segment, Samsung should have benefited particularly strongly from this unique effect.
The business figures of Samsung Electronics are only an initial estimate. The group will only publish more precise figures later, expected at the end of the month.
dpa
Source: Stern
