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Samsung Electronics tips ‘solid’ second-half profits on components pickup

By Se Young Lee SEOUL (Reuters) – South Korean tech giant Samsung Electronics Co Ltd said on Thursday it expects solid earnings to continue in the second half of 2016, with stronger components demand likely offsetting heightened margin pressures for smartphones. The world’s No. 1 maker of smartphones and memory chips said mobile profits would weaken in the second half after soaring 57 percent in April-June, and flagged higher marketing costs to combat new products from rivals. While smartphone earnings looked choppy, Samsung said the components business would buttress second-half earnings amid signs of recovery in memory chip and display panel prices after a global slowdown in gadget sales.

Quoted from Samsung Electronics tips ‘solid’ second-half profits on components pickup on Gadgets News Headlines – Yahoo! News

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