- July 6, 2021
- Posted by: Stratford Team
- Category: Business
People wears masks in front of a Samsung store at a main shopping area as the country is hit by an outbreak of the new coronavirus in downtown Shanghai, China February 21, 2020. REUTERS/Aly Song/File Photo
- Q2 operating profit estimated at 11.3 trln won
- Surging chip prices, shipments boost profit
- Revenue estimated up 15.4%
- Smartphones shipments likely fell on quarter
SEOUL, July 6 (Reuters) – Samsung Electronics Co Ltd (005930.KS) likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.
Operating profit for the world’s biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.
The South Korean tech giant’s strong performance – coming despite it shipping…
