Wednesday, July 6, 2022

Samsung Electronics' Q2 Profit Likely Rose 11 Percent on Solid Server Chip Demand

Samsung Electronics reported a smaller-than-expected rise in quarterly operating earnings on Thursday as lower sales to inflation-hit smartphone makers dragged on profits from server customers loading up on memory chips. The profit fell short of a KRW 14.45 trillion (roughly Rs. 88,000 crore) SmartEstimate from Refinitiv.

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