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Reading: Samsung: The technology giant’s profits have increased by over 900%.
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Baner Club > Blog > Business > Samsung: The technology giant’s profits have increased by over 900%.
BusinessTechnology

Samsung: The technology giant’s profits have increased by over 900%.

According to Samsung Electronics, the company anticipates a more than ten-fold increase in profits for the first three months of 2024 over the same period the previous year.

Last updated: 2024/04/05 at 8:50 AM
Published April 5, 2024
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It happens at a time when demand for items connected to artificial intelligence (AI) is surging and chip prices are rising after a post-pandemic downturn.

based in South Korea The leading manufacturer of memory chips, smartphones, and televisions worldwide is Samsung.

On April 30, the corporation is expected to produce a comprehensive financial report.

The tech behemoth projected that its operating profit for the January–March quarter reached 6.6 trillion won ($4.9 billion; £3.9 billion), a 931% increase over the same time in 2023. That was more than analysts had predicted—roughly 5.7 trillion won.

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