FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. REUTERS/Kim Hong-Ji/File Photo
July 6, 2021
SEOUL (Reuters) – Samsung Electronics Co Ltd said on Wednesday second-quarter operating profit rose an estimated 53% as strong chip prices and demand buoyed results despite a decline in smartphone shipments from the previous quarter.
The world’s largest memory chip and smartphone maker said April-June profit was likely 12.5 trillion won ($11 billion), beating an 11.3 trillion won analyst forecast from Refinitiv SmartEstimate.
($1 = 1,136.7800 won)
(Reporting by Joyce Lee & Heekyong Yang; editing by Richard Pullin)
Source: One America News Network
