Samsung expects $4.9 billion in profit in Q1 as chip demand rebounds

Samsung Electronics said on Friday that its operating profit for the first quarter is estimated to have shot up more than 10-fold on rebounding demand for memory chips, beating market expectations.

Sales increased 11.4 per cent to 71 trillion won for the January-March period. For 2023, Samsung Electronics posted 258.93 trillion won in sales, down 14.3 per cent from a year earlier.

Via: punjabnewsexpress.com