Samsung Anticipates Record-Breaking Surge in First-Quarter Profit as Memory Chip Prices Rally

Friday, 5 April 2024, 00:10
Samsung is expecting an exceptional 931% increase in its first-quarter operating profit, reaching 6.6 trillion Korean won ($4.89 billion) as a result of the recovery in memory chip prices. This surge reflects the strong performance of Samsung's memory chip business amid the improving market conditions, positioning the company for robust financial growth in the coming months.
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Samsung Anticipates Record-Breaking Surge in First-Quarter Profit as Memory Chip Prices Rally

Samsung Predicts Remarkable Surge in Profit

Samsung's operating profit in the January-March quarter is projected to rise to 6.6 trillion Korean won ($4.89 billion), marking a 931% increase compared to the previous year.

Rise in Memory Chip Prices

The surge in profit is attributed to the recovery of memory chip prices, which has significantly boosted Samsung's revenue.

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