SEOUL: With Samsung Electronics expected to suffer its biggest annual profit drop in at least a decade, investors are counting on an expected uptick in the memory-chip market to cure the tech giant's ills this year.
With 2018 having been a record year for earnings, last year's slump likely means Samsung posted its biggest percentage drop in annual profit in at least a decade. "We expect overall market recovery in the first quarter of 2020," said Michael Yang, a director at IHS Markit."Both solid demand forecast from the server/hyperscale customers and optimism around 5G smartphone adoption are the drivers for growth."Reflecting that mood, analysts polled by Refinitiv SmartEstimate expect Samsung's annual profit to surge nearly 40per cent in 2020. The company itself doesn't typically issue full-year earnings estimates.
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