Click to Skip Ad
Closing in...
  1. Best Memory Foam Mattress
    12:31 Deals

    When 75,000 Amazon shoppers rave about a $130 memory foam mattress, you need to check it o…

  2. Control Garage Door With iPhone
    08:10 Deals

    Unreal deal gets you Amazon’s hottest smart home gadget for $23 – plus a $40 c…

  3. Best Amazon Finds 2021
    08:49 Deals

    5 must-have Amazon devices you might’ve never even heard of

  4. Amazon Deals
    10:07 Deals

    Today’s best deals: Free $15 Amazon credit, unbelievable AirPods blowout, rare Nest…

  5. Apple Watch Series 6 Amazon
    14:59 Deals

    Apple Watch Series 6 is $100 off in this surprise Amazon sale

Trouble ahead for Samsung?

Zach Epstein
January 15th, 2013 at 2:25 PM
Samsung Earnings Preview Q1 2013

If Apple’s (AAPL) recent 25% dive in share price taught us anything, it’s that investor sentiment can sour at the drop of a hat with little more to go on than a few questionable rumors from analysts. With Apple on the ropes, attention may soon turn to Samsung (005930) as the company’s meteoric rise finally begins to slow.

Yonhap News Agency on Monday reported that Samsung’s staggering momentum may finally begin hit a seasonal speed bump. According to Korean financial firm FnGuide Inc., Samsung is expected to post a first-quarter operating profit of $7.84 billion, down nearly 6% sequentially. Samsung’s net profit is expected to sink 4.58% to $6.44 billion in the first quarter according to FnGuide, and revenue is projected to slide nearly 5% to $50.3 billion.

Samsung had previously reported three consecutive quarters of record profits culminating in a huge holiday quarter; the company expects to report $8.3 billion in operating profit on sales of $53.6 billion when it posts its fourth-quarter results later this month.

Several other firms agree that Samsung’s record run will end in the current quarter, and the market may respond negatively. Taking seasonality into account, however, FnGuide’s projections suggest Samsung’s post-holiday performance will take less of a hit than many of the company’s rivals are likely to see.

The results would also represent a huge jump from Samsung’s results in the first quarter last year, when the company posted an operating profit of $5.54 on $42.85 billion in revenue.

Samsung shares sank 2.58% on the Korea Stock Exchange during Tuesday’s session.[bgr-post-bug]

Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.

Popular News