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Samsung Electronics Q2 profit likely up 38% on strong chip prices

Joyce Lee
3 minute read
People wears masks in front of a Samsung store at a main shopping area as the country is hit by an outbreak of the new coronavirus in downtown Shanghai, China February 21, 2020. REUTERS/Aly Song/File Photo
Summary
Surging chip prices, shipments boost profit
Revenue estimated up 15.4%
Smartphones shipments likely fell on quarter
SEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd (005930.KS) likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.
Operating profit for the world s biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate. ....

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Samsung Electronics second-quarter profit likely up 38% on strong chip prices

Samsung Electronics second-quarter profit likely up 38% on strong chip prices
By Joyce Lee
Reuters
SEOUL (Reuters) - Samsung Electronics Co Ltd likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.
Operating profit for the world s biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.
The South Korean tech giant s strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity. ....

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Diagnostic Electrocardiograph (ECG) Market Revenue Poised for Significant Growth During the Forecast Period of 2028
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