[New post] Samsung predicts first return to profit growth in two years – but thanks to chips, not phones

Ben Lovejoy posted: " There's good news and bad news for Samsung today. The good news: the company has forecast a reversal of its seven-quarter decline in profits, suggesting an impressive year-on-year hike of almost 80%. The bad news is that, while the company itself h" Respond to this post by replying above this line New post on 9to5Google Samsung predicts first return to profit growth in two years – but thanks to chips, not phones by Ben Lovejoy There's good news and bad news for Samsung today. The good news: the company has forecast a reversal of its seven-quarter decline in profits, suggesting an impressive year-on-year hike of almost 80%. The bad news is that, while the company itself hasn't released any details on where the profit is coming from, analysts cited by the WSJ and elsewhere put it down to strong growth in sales of chips and displays – not phone sales. This suggests that Samsung is making its money by helping other manufacturers, like Apple, sell their phones ...  Read more of this post Ben Lovejoy | October 7, 2015 at 4:29 am | Tags: Mobile phone, Samsung, Samsung earnings, Samsung financials, Samsung Galaxy, Samsung profits, Smartphone | Categories: Android | URL: http://wp.me/p1w6tN-vyE Comment    See all comments Unsubscribe to no longer receive posts from 9to5Google. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://9to5google.com/2015/10/07/samsung-profits-chips-not-phones/ Thanks for flying with WordPress.com