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Samsung Electronics Estimates 56 Percent Jump In Profit
AppleMagazine
|April 13, 2018
Samsung Electronics estimated its first-quarter operating profit jumped 56 percent to a record high, likely because demand for memory chips continued to be robust, outweighing lower display sales to Apple.
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The South Korean tech giant said in its preliminary earnings report that its JanuaryMarch operating income was an estimated 15.6 trillion won ($14.7 billion), compared with 9.9 trillion won a year earlier. The estimate was higher than expected.
Sales rose 19 percent to an estimated 60 trillion won. The company did not disclose its estimated net income. It will announce breakdown figures among businesses and more details at the end of this month.
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