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Samsung Electronics says Q1 profit likely rose 44per cent, matching expectations Toggle share menu Advertisement Samsung Electronics says Q1 profit likely rose 44per cent, matching expectations Samsung Electronics Co Ltd on Wednesday said first-quarter profit likely rose 44per cent, 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 headquarters in Seoul, South Korea, April 4, 2016...

4 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. Analysts said Sa...

SEOUL (Reuters) - Samsung Electronics Co Ltd likely saw a 45 percent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its U.S. plant. Spending more time at home due to the coronavirus pandemic, consumers have splashed out on an array of high-margin consumer electronics which in turn has helped cause a global shortage of semiconductors. Operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won ($10.8 billion), accor...

Samsung first-quarter profit likely surged 45% on bumper smartphone, appliance sales Toggle share menu Advertisement Samsung first-quarter profit likely surged 45% on bumper smartphone, appliance sales Samsung Electronics Co Ltd likely saw a 45per cent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its U.S. plant. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea January 7...

By Joyce Lee SEOUL (Reuters) - Samsung Electronics Co Ltd likely saw a 45% jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its U.S. plant. Spending more time at home due to the coronavirus pandemic, consumers have splashed out on an array of high-margin consumer electronics which in turn has helped cause a global shortage of semiconductors. Operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won ($8.2 billio...