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Holiday shopping to bring Samsung record profits in 4Q – Retail in Asia

Retail in Asia

In Trends

Holiday shopping to bring Samsung record profits in 4Q

Samsung Electronics is expected to reach a new record high in its fourth-quarter earnings with the arrival of the industry’s seasonal peak during the year-end holiday season. Local analysts are projecting that the global IT behemoth’s sales and profit figures will further hit the firm’s highest — up as high as KRW55.65 trillion (USD50 billion) and KRW8.83 trillion (USD8.2 billion), respectively — from October to December.