According to Samsung Electronics, the company anticipates a more than ten-fold increase in profits for the first three months of 2024 over the same period the previous year.
based in South Korea The leading manufacturer of memory chips, smartphones, and televisions worldwide is Samsung.
On April 30, the corporation is expected to produce a comprehensive financial report.
The tech behemoth projected that its operating profit for the January–March quarter reached 6.6 trillion won ($4.9 billion; £3.9 billion), a 931% increase over the same time in 2023. That exceeded the about 5.7 trillion won estimate of analysts.
A recovery in semiconductor pricing on the international market following a sharp decline in prices a year earlier is anticipated to positively impact its profitability.
According to estimates, the cost of memory chips has increased globally by about 5% in the past year.
You must be logged in to post a comment.