Samsung's earnings in Q4 rebound from the prior quarter on brisk chip sales and reduced marking costs, a regulatory filing showed Thursday.
Samsung Group is reorganizing its business empire to make it easier for the children of Samsung Electronics Co chairman Lee Kun-hee, 72, who has been hospitalized since a May heart attack, to divide up the conglomerate. This has included stake transfers between Samsung units. The heirs are also trying to find ways to pay an estimated 6 trillion won inheritance tax bill. The listing of Samsung SDS Co and the upcoming IPO of Cheil Industries Inc would provide greater financial flexibility to manage that process.
Beijing-based research firm Analysys International has predicted that Xiaomi, considered as producing more affordable smartphones than Samsung, is on track to overtake the South Korean producer in quarterly shipments by early next year.
The company did not unveil its estimates for net profit and a breakdown of each business. The final results will be announced later this month after an external audit.
