Samsung gets 3% bump ahead of Q1 guidance report
Struggling smartphone vendor gets welcome relief
Samsung Electronics' stock rose more than 3% early today in Seoul ahead of tomorrow's scheduled estimates on first-quarter performance, Reuters reported.
Samsung's shares slid in 2014 after shipments growth in its smartphones shrunk under pressure from Apple's iPhones in the premium segment and a number of Chinese competitors in the budget segment.
According to a report on Thursday from Canadian consultancy Chipworks, Samsung is not only using its own Exynos mobile processor in its latest flagship devices, but has also turned to its in-house semiconductor unit for other parts, including power management integrated-circuit chips and its own Shannon modem.
Samsung's reliance on its own silicon will come as a blow to US chipmaker Qualcomm, which supplied several components for previous generations of Samsung's handsets.
Samsung Electronics was up 3.2% at KRW1,480,000 as of 0109 GMT, according to Reuters.