Samsung Electronics said a memory chip boom that propelled it to
record profit in the second quarter is likely to continue in the third,
just as revenue is widely expected to benefit from sales of OLED screens
to Apple.
The world’s biggest maker of memory chips, smartphones and TVs is set
to smash its annual profit record after better-than-forecast
performance in its mobile business lifted April-June profit slightly
above its early-July guidance, analysts said.
“Looking ahead to the third quarter, the company expects favorable
semiconductor conditions to continue,” Samsung said in a statement on
Thursday. “Although overall earnings may slightly decline
quarter-on-quarter as earnings weaken for the display panel and mobile
businesses.”
Source: VentureBeat LINK
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