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.
![Samsung: The tech giant's profits have increased by over 900%.](https://sikapaonline.com/wp-content/uploads/2024/04/8TR6DRbV_400x400-5.jpg)
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.