Korean tech giant Samsung Electronics said Friday its operating profit for the first quarter is estimated to have shot up more than tenfold on rebounding demand for memory chips, beating market expectations.
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Samsung Electronics Co. on Tuesday predicted that its operating profit for the fourth quarter of last year would tumble 35 percent on year, hurt by persistent weak demand for its mainstay semiconductor division. Samsung, the world's biggest maker of memory chips and smartphones, estimated its fourth-quarter operating profit at 2.8 trillion won ($2.1 billion), compared with a profit of 4.3 trillion won for the sa.
Samsung Electronics on Tuesday predicted that its operating profit for the fourth quarter of last year would tumble 35 per cent on year, hurt by persistent weak demand for its mainstay semiconductor division.Samsung, the world's biggest maker .