Samsung’s market value hit a record high.

The company takes 18th place in the world, having risen 10 positions compared to 2019.

Samsung

South Korean giant Samsung Electronics is the largest smartphone maker in the world. A recent report shows that the company’s market value is $ 301.6 billion. In addition, according to this indicator, the company currently occupies 18th place in the world, having risen 10 positions compared to 2019.

As of Thursday, Samsung’s market value reached $ 301.65 billion, an increase of $ 95.08 billion from January 2, 2019. During this time, Samsung Electronics shares rose 51% to $ 51. Samsung Electronics reached a record high of $ 52 on Friday. In the first 10 days of the year, foreign investors invested $ 540 million in Samsung shares. They believe Samsung Electronics profits will continue to grow in the future.

Samsung believes that due to rising chip prices, profits in the fourth quarter will be higher than expected. Samsung estimates fourth-quarter operating profit of $ 6.1 billion. Although profit will decline by 34.26% year on year, it will exceed the average market forecast of $ 5.6 billion.

Samsung expects operating profit to reach $ 23.9 billion for all of 2019, which is 52.9% lower than last year. This is a new low since 2015. Samsung Electronics is expected to reach $ 198.2 billion in annual sales in 2019, which is 5.8% less than in 2018. This will be a new low since 2016.

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