The Channel logo

News

By | Team Register 28th February 2005 15:32

Samsung glum on year ahead

But sticks to guns on forecasts

Samsung Electronics warned shareholders yesterday that its prospects for the year ahead were less than stellar due to both global and domestic economic uncertainty.

Reuters reported that the Korean electronics giant’s vice chairman, Yun Jong-yong, said the company faced “big risk factors going forward” and “the outlook for our key businesses is not good.”

Those key businesses include DRAM, LCD panels and mobile phones, all of them markets where ever increasing demand offers little protection from a peaks and troughs pattern on capacity and pricing.

Despite the downbeat assessment of the year ahead, the company reiterated its forecasts for this year which call for sales of 58.7 trillion won ($58.2bn) and net profits which best last year’s 10.79 trillion won. $reg;

Related stories

Samsung shows 'world's first' DDR 3 chip

Infineon issues profit warning

Infineon issues profit warning

Infineon issues profit warning

alert Send corrections

Opinion

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

Locker room jocks photo via Shutterstock
Best locker-room strategy: Avoid emulating AWS directly
STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock