Samsung’s operating profit in the first quarter of this year likely to increase by 45%, chip business profits may drop by 20%

According to analysts’ forecasts, Samsung Electronics’ operating profit in the first quarter of this year will increase by 45% to 9.3 trillion won (approximately US$8.2 billion), a record high since 2018. Revenue is expected to grow by 12%, thanks to intelligence.

Strong sales of mobile phones, televisions, and other home appliances, despite the fact that US factories suspended production for more than a month due to winter storms, which caused a sharp drop in the chip division’s profits.

The 16 analysts surveyed by Refinitiv predict that the operating profit of Samsung’s mobile division in the first quarter will increase by more than 1 trillion won from the same period last year to around 4.15 trillion won.

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The operating profit of the TV and home appliance business is expected to more than double to around 1 trillion won.

Although global chip demand remains high, the operating profit of Samsung’s semiconductor division is expected to drop by about 20% to 3.6 trillion won. Analysts expect losses related to the shutdown of the Texas chip factory to reach 300 billion to 400 billion won.

(Via)