{"id":253598,"date":"2022-04-08T04:46:46","date_gmt":"2022-04-07T23:46:46","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=253598"},"modified":"2022-04-08T04:46:46","modified_gmt":"2022-04-07T23:46:46","slug":"samsung-quarterly-profit-jumps-to-11-6bn","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/samsung-quarterly-profit-jumps-to-11-6bn\/","title":{"rendered":"Samsung quarterly profit jumps to $11.6bn"},"content":{"rendered":"<p> SEOUL<br \/>\nSamsung Electronics Co Ltd on Thursday reported a 50 percent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, as solid demand underpinned prices for memory chips.<br \/>\nThe world\u2019s largest memory chip and smartphone maker estimated first-quarter profit at 14.1 trillion won ($11.6 billion), versus a Refinitiv SmartEstimate of 13.3 trillion won ($10.9 billion).<br \/>\nRevenue likely rose 18 percent from the same period a year earlier to a record 77 trillion won ($63bn), the company said in a short preliminary earnings release, also above market expectations. Samsung is due to release detailed earnings on April 28.<br \/>\nAlthough chip prices dipped in the first quarter, analysts said they had held up better than expected due to solid demand as well as cautious investment spending by chipmakers and limited capacity expansion. This buoyed Samsung\u2019s chip earnings which make up about half of its total profits.<br \/>\nThe price of one type of DRAM chip, widely used in data centres, fell 8 percent during the quarter according to data provider TrendForce, while the prices of NAND flash memory chips, used for data storage in tech devices, fell between 5 percent and 10 percent.<br \/>\nAnalysts expect DRAM prices to continue to fall in the April-June quarter as rising inflation could potentially hurt demand for PCs, laptops, and smartphones. However, a raw material contamination in February at a NAND Flash chip plant owned by Japan\u2019s Kioxia and American firm Western Digital is expected to drive up NAND Flash prices by 5-10 percent, offsetting the effects of modestly high inventories maintained by buyers, TrendForce said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEOUL Samsung Electronics Co Ltd on Thursday reported a 50 percent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, as solid demand underpinned prices for memory chips. The world\u2019s largest memory chip and smartphone maker estimated first-quarter profit at 14.1 trillion won ($11.6 billion), versus a Refinitiv SmartEstimate of 13.3 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-253598","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-world"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Samsung quarterly profit jumps to $11.6bn<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/samsung-quarterly-profit-jumps-to-11-6bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samsung quarterly profit jumps to $11.6bn\" \/>\n<meta property=\"og:description\" content=\"SEOUL Samsung Electronics Co Ltd on Thursday reported a 50 percent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, as solid demand underpinned prices for memory chips. The world\u2019s largest memory chip and smartphone maker estimated first-quarter profit at 14.1 trillion won ($11.6 billion), versus a Refinitiv SmartEstimate of 13.3 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/samsung-quarterly-profit-jumps-to-11-6bn\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-07T23:46:46+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta 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