Samsung estimates 19-fold rise in Q2 operating profit, beating expectations
FILE PHOTO: FILE PHOTO: The logo of Samsung Electronics is seen at the company’s store in Seoul, South Korea, April 15, 2025. REUTERS/Kim Hong-Ji/File Photo/File Photo
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SEOUL, July 7 : Samsung Electronics on Tuesday forecast a 1,810 per cent jump in second-quarter operating profit from a year earlier, as AI-driven demand continued to lift memory chip prices.
The world’s largest memory chipmaker estimated April-June operating profit at 89.4 trillion won ($58.44 billion), compared with an LSEG SmartEstimate of 87.3 trillion won, according to a regulatory filing, and up from 4.7 trillion won a year earlier.
($1 = 1,529.8100 won)
Source: Reuters
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