#2 [CNN Business] Samsung says profit jumped 23%, likely thanks to strong chip demand(07/07)

https://edition.cnn.com/2020/07/06/tech/samsung-earnings-guidance-hnk-intl/index.html 

 

Samsung, the world's largest smartphone maker, predicts its profit jumped more than 20% last quarter, suggesting tthat the company has managed to withstand the fallout from the coronavirus pandemic.

 

* fallout : 좋지 않은 결과 / the unpleasant results or effects of an action or event

 

 ex) He blamed the political fallout from the scandal on the Republican

 

The South Korean conglomerate said on Tuesday that it expect to make an operating profit of roughly 8.1 trillion won($6.9 billion) for the three months that ended in June. That's up nearly 23% from the same period a year ago. The estimates also beat roughly 2% profit slump that anlalysts polled by data provider Refinitive had predicted.

 

* beat : 이기다, 더 낫다, 능가하다 to defeat and to do better than

 ex) The Nationalists were narrowly beaten in the election 

 

* slump : (가치수량가격 등의 급각/급락) / (of prices, values or sales) to fall suddenly  

 ex) our sales have slumped dramaticlly over the past year

 

Samsung said it expects sales will fall about 7% to 52 trillion won ($43.6 billion). Analysts polled by Refinitive had predicted 51.4 trillion in sales ($43 billion).

 

Shares in Samsung opened up 1.5% in Seoul, but later reversed those gains. The stock ended the day down 2.9$. South Korea's Kospi Index(KOSPI) closed down 1%.

 

Samsung said the estimates "include a one-time gain related to the display business." It did not otherwise elaborate on eranings, but will report full results for the second quarter at the end of this month.

 

Samsung - which supplies key parts like display panels and chips for companies such as Apple(AAPL) and Huawei - is among the first of the big tech companies to report earnings for the quarter, and its full report will be viewed as a bell weather for how tech giants are withstanding the pandemic. 

* bell weather (bellweather) - 선도자/인솔자 / sby or sth that shows how a situation will develop or change

 ex) The report is viewed as a bellweather for economic trends

 

The company has been enjoying a boost to its memory chip business thanks to Covid-19. Millions of people areound the world continue to work, place games and watch movies from home, leading to strong chip demand from data centers, accroding to analysts.

 

Sales in Samsung's consumer electronics unit have taken an hit, however. Smartphone sales in the second quearter likely "plunged to 55 million units," Daiwa analyst SK Kim worte in a note last month. That would be a drop of more than 27% from the same period a year earlier, according to data from market research firm IDC.

 

But analysts say the consumer electronics division, which includes smartphone and TV sales, is still profitable because of ongoing work and travel restrictions.

 

Kim, along with Lee Subin, and analyst within Daishin Securities, said that depite disappointing sales, Samsung's smartphone unit likely enjoyed wider profit margins as the shutdown of retail stores means lower making costs.

 

Kim added that "reduced... internal costs such as business trvel due to Covid-19" also helped the smarphone division

s bottom line. 

 

* bottom line : 핵심, 요점 / the most important fact in a situation

 ex) The bottom line is that we need another ten thousand dollars to complete the project.