SEOUL :Samsung Electronics Co Ltd reported on Thursday an estimated 50per cent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, beating expectations as solid demand underpinned prices for memory chips.
"The guidance beat market expectations, probably due to memory chip shipments and prices being better than expected," said Park Sung-soon, analyst at Cape Investment & Securities. "After the contamination issue at Kioxia, I think there were rush orders for NAND Flash chips made to Samsung for products that were meant to be secured from Kioxia," Park said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Technology Technology Latest News, Technology Technology Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Samsung Electronics Q1 profit likely jumps 50per cent on solid chip demandSEOUL : Samsung Electronics Co Ltd on Thursday reported a 50per cent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, as solid demand underpinned prices for memory chips.The world's largest memory chip and smartphone maker estimated first-quarter profit at 14.1 tri
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Samsung Electronics estimates first-quarter profit jumped 50per cent on solid chip demandSEOUL : Samsung Electronics Co Ltd on Thursday reported a 50per cent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, as solid demand underpinned prices for memory chips.The world's largest memory chip and smartphone maker estimated first-quarter profit at 14.1 tri
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »