A woman walks past the Samsung Electronics logo at the Seocho building in Seoul on January 30, 2020.
Jung Yeon-je | AFP through Getty Images
Samsung Electronics will launch the latest flagship Galaxy smartphones on Thursday, earlier than expected.
But that’s not why analysts are taking stock. Unlike 7 or 8 years ago, the performance of today’s Samsung market is mainly determined by its semiconductor unit, analysts say. And they like the way it looks in 2021.
“Samsung’s shares are now more correlated with the prospects of its semiconductor business, which we expect to account for 61% of its operating profit, compared to the smartphone business, which is expected to account for only 24% of this year’s operating profit,” “said Sanjeev Rana, an analyst at CLSA.