In light of Apple's iPhone sales surge worldwide and their hat trick victory in online sales this holiday season, the South Korean Press is now predicting that Samsung Electronics' fourth-quarter operating profit will likely fall short of 10 trillion won (roughly 9.4 Billion US). The news is sending Samsung Electronics' stock price in a downward trend. As this news hits the wires, we hear that Samsung is preparing to push Tizen OS hard in early 2014. Whether Samsung's move to push Tizen based smartphones will have any bearing on future profits is unknown at this time.
According to financial information provider FnGuide on December 26, the consensus figures for Samsung Electronics' fourth-quarter operating and net profit were originally set at 10.2 trillion won and 8.6 trillion won (Won to US$), respectively. However, as the year's end approaches, the estimates for Samsung Electronics' fourth quarter operating profit have been revised downward to the 9-trillion-won level.
If the quarter does in fact prove to be a miss for Samsung, it would embarrassingly mark their second such miss this year as we noted in an August report about Samsung revealing a sense of crisis.The news for Samsung may only get worse as the New Year begins as Apple has just initiated another push for more Samsung products to get banned in the US.
As for Samsung's Tizen OS moves, SamMobile posted a report on Tuesday that Samsung Electronics' smartphone SC-03F, running on the Tizen operating system, seems to have obtained Federal Communications Commission (FCC) certification. Industry expectations are that the new smartphone will debut in Barcelona during the Mobile World Congress Exhibition starting on February 24, 2014.
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