Samsung Electronics second-quarter profit likely up 38% on strong chip prices
By Joyce Lee
SEOUL (Reuters) – Samsung Electronics Co Ltd likely observed a 38% surge in profit for the April-June quarter as a result of strong chip prices and demand spurred by a pandemic-led shopper urge for meals for electronics along with recovering funding in information centres.
Operating profit for the world’s largest memory chip and smartphone maker likely jumped to 11.3 trillion acquired ($10 billion), primarily based on a Refinitiv SmartEstimate drawn from 20 analysts and weighted in direction of these which might be further persistently appropriate.
The South Korean tech massive’s strong effectivity – coming no matter it supply fewer smartphones than in January-March – underscores the stratospheric demand for chips that has depleted stockpiles and stuffed manufacturing functionality.
The finish end result could be up 20% from the first quarter and mark Samsung’s highest working earnings for …