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Samsung’s Q4 profit misses estimates
Samsung Electronics Co. reported an operating profit of 2.9 trillion won (US$2.1 billion) for the December quarter, missing profit estimates.
This shortfall underscores the challenges the company faces in competing with SK Hynix, a leading producer of high-bandwidth memory (HBM) in the AI sector.
Samsung’s net income for the quarter was 7.58 trillion won (US$ 5.26 billion), driven by its network business, which surpassed analyst expectations.
However, concerns about its challenges in AI-specific memory chips led to a 2.5% decline in its stock on Jan. 31 morning.
Recent Samsung developments
| Timeline |
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27-Jan-2025 🕶️ Samsung delays smart glasses launch, focuses on partnership
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23-Jan-2025 📱 Samsung Galaxy S25 series launches with AI enhancements
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22-Jan-2025 📦 Samsung, SK hynix may shift production over US tariffs
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18-Jan-2025 📈 Samsung ties executive bonuses to stock performance
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17-Jan-2025 🤖 Samsung, Hyundai compete with robots for $1.1b Seoul project
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