Samsung registers 54% jump in 2nd quarter operating profit

4

This was Samsung’s strongest result in two years, supported by high chip prices and higher-than-expected demand.

A Samsung Electronics estimated this Thursday a strong demand for memory chips in the second semester and a recovery in the cell phone market to 2019 levels, in a sign that the global economy is getting back on track after the coronavirus pandemic.

  • What are the trends among the biggest companies in Brazil and in the world? Sign the EXAM and learn more.

The world’s biggest smartphone and memory chip maker posted a 54% jump in second-quarter operating profit, its strongest result in more than two years, supported by high chip prices and higher-than-expected demand.

“For the second half, market conditions should be favorable for the component business,” Samsung said in a statement. “Memory (chip) demand will likely be driven by the launch of new smartphone models, with broader 5G availability driving growth.”

The company warned that the global shortage of memoryless chips still poses a risk to forecasts, while uncertainties related to Covid-19 and geopolitical tensions are likely to persist.

Thanks for reading the EXAM! How about becoming a subscriber?

Get unlimited access to the best content of your day. In just a few minutes, you create your account and continue reading this article. Come on?

It’s just a moment before you release your access.

digital exam

BRL 3.90/month
  • R$9.90 after the third month.
  • Access whenever and wherever you want.
  • Unlimited access to EXAME Invest, macroeconomics, markets, career, entrepreneurship and technology.

Sign it

annual digital exam

BRL 99.00/year
  • R$ 99.00 in cash or in up to 12 installments. (BRL 8.25 per month)
  • Access whenever and wherever you want.
  • Unlimited access to EXAME Invest, macroeconomics, markets, career, entrepreneurship and technology.

Sign it

palheta smll Samsung registers 54% jump in 2nd quarter operating profit

See too

4193432