Samsung's sales rose 18% to 77 trillion won, more than analysts expected, buoyed by strong demand for new smartphone models and memory chips that go into servers.
According to Al-Arabiya Net, the largest company in South Korea said today, Thursday, in a statement, that its operating profit increased by 50% to reach 14.1 trillion won (11.6 billion dollars) for the three months ending last March.
Samsung did not disclose the net income and performance of the company's segments, which will be announced with full business results on April 28.
For his part, Citigroup equity analyst Peter Lee said before publishing preliminary results, that Samsung is expected to achieve strong profit growth in 2022 on the back of a recovery in profits from the semiconductor and displays sector in the half. The second of this year.
And Samsung provided indicators about the smartphone business, as the company said that the cumulative sales of the (Galaxy S22) series are likely to exceed one million units in South Korea this week, a growth rate of 20% during the first period of launch compared to With her previous phone S21.
In turn, Bloomberg Intelligence analysts Stephen Tsing and Shun Chen said shipments of smartphones and computers in China could be disrupted by the COVID-19 outbreak in the Shanghai business hub, as well as the ensuing adverse logistical conditions.
