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Samsung first-quarter profit likely rose 44% Analysts have estimated that Samsung will invest about 10 trillion won in its chip contract manufacturing business Reuters April 07, 2021 SEOUL: Samsung on Wednesday said first-quarter profit likely rose 44%, with analysts attributing the surge to brisk sales of smartphones and TVs, albeit tempered by a likely fall in chip earnings after a storm halted US output. The South Korean technology giant forecast January-March operating profit of $8.32 billion, matching a weighted average analyst forecast from Refinitiv SmartEstimate. Analysts said Samsu...

Samsung profit to soar on strong Galaxy S21 sales Samsung Electronics on Wednesday said first quarter profit likely rose 44%, with analysts attributing the surge to brisk sales of smartphones and TVs, albeit tempered by a likely fall in chip earnings after a storm halted US output. The Korean technology giant forecast January to March operating profit of ₩9.3-trillion (R120.7-billion), matching a weighted average analyst forecast from Refinitiv SmartEstimate. Analysts said Samsung’s mobile division likely saw operating profit soar more than ₩1-trillion won to about ₩4.15-trillion afte...

3 Min Read SEOUL (Reuters) - Samsung Electronics Co Ltd on Wednesday said first-quarter profit likely rose 44%, with analysts attributing the surge to brisk sales of smartphones and TVs, albeit tempered by a likely fall in chip earnings after a storm halted U.S. output. FILE PHOTO: The logo of Samsung Electronics is seen at its store in Seoul, South Korea, October 11, 2017. REUTERS/Kim Hong-Ji The South Korean technology giant forecast January-March operating profit of 9.3 trillion won ($8.32 billion), matching a weighted average analyst forecast from Refinitiv SmartEstimate. Revenue likely ...

Samsung Electronics says Q1 profit likely rose 44% Updated / Wednesday, 7 Apr 2021 07:20 Profit in Samsung's television set and home appliance business also likely more than doubled, analysts said Samsung Electronics has said first-quarter profit likely rose 44%, with analysts attributing the surge to brisk sales of smartphones and TVs. The South Korean technology giant forecast January-March operating profit of 9.3 trillion won ($8.32 billion), matching a weighted average analyst forecast from Refinitiv SmartEstimate. Analysts said Samsung's mobile division likely saw operating profit soar ...

SHARE Samsung Electronics said its first-quarter operating profit rose by 44 per cent from a year ago, driven by strong smartphone and home appliance sales despite a shortage of semiconductor chips worldwide. The world's biggest smartphone and memory chip maker reported an operating income of 9.3 trillion Korean won ($8.3 billion) in the three months through to March 31, according to the company’s preliminary results released on Tuesday. It was up by about 2.8 per cent over the fourth quarter of last year. The results – the company's highest first-quarter operating profit since 2018 – m...