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Galaxy S25 sales drive Samsung's profit jump
Gulf News
|April 09, 2025
The bright numbers are expected to take a direct hit from Trump's tariffs
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Samsung Electronics Co. shares jumped after its quarterly profit handily beat expectations on Galaxy S25 smartphone and legacy DRAM sales, easing concerns about the company's ability to weather both US tariffs and chip export curbs.
South Korea's largest company was helped by inventory stockpiling by Chinese retailers and manufacturers who hurried to secure electronic supplies in the March quarter before US President Donald Trump unleashed tariffs against trading partners.
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