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Samsung expects Q1 operating profit of US $11.6 billion, a year-on-year increase of 50%

Share the QR code < / P > < p > with wechat scanning code to friends and circles of friends < / P > < p > < / P > < p > on April 7, local time on Thursday, South Korea's Samsung Electronics Company announced the preliminary financial report data for the first quarter of 2022. The company expects the operating profit in the first three months of this year to reach US $11.6 billion, a year-on-year increase of 50%, the highest level since 2018 < p > Samsung predicts that the operating profit in the first quarter will reach 14.1 trillion won (about US $11.6 billion), an increase of 1.66% over 13.87 trillion won (about US $11.4 billion) in the fourth quarter of last year, an increase of 50.32% over 9.38 trillion won (about US $7.7 billion) in the same period of last year, higher than the 13.3 trillion won (about US $10.9 billion) generally expected by analysts < p > Samsung's revenue in the first quarter is expected to be 77 trillion won (about US $63.2 billion), an increase of 0.56% from 76.57 trillion won (about US $62.8 billion) in the fourth quarter of last year, an increase of 18% from 65.39 trillion won (about US $53.65 billion) in the same period of last year, which is better than the 76.8 trillion won (about US $63 billion) expected by analysts < p > the world's largest manufacturer of memory chips and smartphones has not announced the results of specific business units, but it is scheduled to release detailed first quarter results on April 28 < p > although chip prices declined in the first quarter, analysts said that chip prices remained better than expected due to strong demand, cautious investment by chip manufacturers and limited capacity expansion. This boosted Samsung's chip business revenue, which accounts for about half of Samsung's total profit < p > according to data provider trendforce, the price of DRAM chips widely used in data centers decreased by 8% in the first quarter, while the price of NAND flash memory chips used for data storage of technical equipment decreased by 5% to 10%. Analysts expect DRAM prices to continue to fall in the second quarter as rising inflation could hurt demand for PCs, laptops and smartphones < p > however, trendforce said that due to the raw material pollution incident at the NAND flash memory chip factory of kioxia in Japan and Western Digital Corporation in February, it is expected to drive the price of NAND flash memory up by 5% to 10%, thus helping offset the impact of buyers maintaining high inventory. (small) < / P > < p >


2023-03-22 10:04:52

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