According to a report, Samsung is expecting profits of about US$8.5 billion within 5 years. In the 3rd quarter of this year, Samsung recorded output sales of about US$30.15 billion and is expecting profits of about US$3.35 billion. With upcoming products and technology, Samsung expects their profits to rise in the 4th quarter.
This result is similar to Samsung's results of the 1st quarter of 2004 in which they received about the same amount of profit. Also, last year's total profit was about US$4.5 billion.
Semiconductors and LCD's prices increased by about 7-10 percent and DRAM products increased by about 15 percent. Even with this price increase, a good portion of 3rd quarter profits came from semiconductors and LCD's, followed by televisions and cell phones.
Samsung Electronics' official 3rd quarter data will be released on October 30, 2009. On this date, Samsung will also closely monitor their stocks as well. Currently, Samsung's stock investments are at about US$3.35 billion. However, a few days ago, Samsung stocks fell about .27% to close at W745,000 (US$639.21).
