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Samsung Profit Beats Estimates on Memory Demand, One-Off Gain


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Samsung Halts Production of New Phone on Chip Shortage, ET Says

Samsung Halts Production of New Phone on Chip Shortage, ET Says
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Samsung Sounds Note of Caution as Profit Tops Estimates


Samsung Sounds Note of Caution as Profit Tops Estimates
Bloomberg
3 hrs ago
© Bloomberg
Inside Samsung Electronics Digital Plaza Store Ahead of 4th Quarter Figures
(Bloomberg) Samsung Electronics Co. beat analyst estimates for profit in the first quarter, but warned of continued fallout from semiconductor shortages as the global economy recovers from the Covid-19 pandemic.
South Korea’s largest company reported net income of 7.1 trillion won ($6.4 billion) for the three months ended March, beating the 6.7 trillion won average of estimates compiled by Bloomberg. Revenue rose 18% for the period.
The Suwon-based conglomerate has been riding a boom in stay-at-home demand for smartphones, PCs, home appliances and cloud services. But Samsung lost out on chip sales when a factory in Austin, Texas, was knocked offline, exacerbating shortages that have hit companies around the world. Just before the company’s results, major automakers Ford Motor Co. a ....

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