<
According to Reuters, the South Korean company joined other technology giants such as S.A. JK. Hinks and Intel to refrain from providing annual forecasts due to the uncertainty regarding the duration of the pandemic.
The company said that although the instructions for work from home and related growth in online education have boosted demand for memory chips, the expectations of smartphones and televisions are tepid as they give up Consumers for optional spending.
Han Jin-Man, Vice President of Chip Division at Samsung, said at a conference call, although the blurring continues, conditions in general for the memory sector will likely be favorable thanks Demand for servers and PCs
On the contrary, Samsung said it expects the profits of phones and televisions to drop sharply in the second quarter as consumers curb spending on non-essentials, and stores are closed due to Virus outbreak.
The world's largest maker of memory and mobile phones, and chips, increased operating profit in the first quarter by 3 percent to 6.4 trillion won ($ 5.2 billion), supported by demand. The strong on the chips and the low marketing spend of phones.
The chip sector at Samsung achieved operating profit of 3.99 trillion won in the first quarter, down 3 percent year on year.
The mobile sector has achieved operating profits of 2.65 trillion won, up 17 percent year on year.
