Technology giant Samsung Electronics said it expects profit for the quarter it left behind to grow by 53%.
The world’s largest maker of memory chips and smartphones simultaneously forecasts an operating profit of $ 11 billion for the three months to the end of June.
A year ago, in the first months of the pandemic, Samsung’s sales weakened especially those of phones and TVs.
Since then the demand for electronic products has increased significantly as people are working online while many chip manufacturers have found it difficult to cope with this situation.
If Samsung’s predictions prove true, it would be the biggest gain since 2018.
In recent months computer chip manufacturers have had more power to raise prices due to the lack of chips in the market. / CIO Albanian
