Friday, 24 March, 2023

Samsung may report strong third-quarter earnings: analysts

<p>Analysts expect Samsung to log $54.5B in sales in the July-Sept period, up 3.1% from last year. Operating profit is estimated to surge 33.7% YoY to $8.8 B. Compared with the previous quarter, the estimations suggest Samsung is seeing a 20.7% rise in sales and 27.6% rise in operating profit. Galaxy smartphone sales is estimated to be around 80M units in Q3, up 50% from Q2. Its chip biz may post operating profit of around 5 trillion won in Q3.</p>