Samsung Electronics Co Ltd is likely to turn in its best quarterly profit in three years and a record revenue, on rising memory chip prices and brisk sales of its new foldable smartphones, analysts' estimates show.
The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, August 25, 2017. REUTERS/Kim Hong-Ji/File PhotoBrisk sales of new foldable smartphones boost resultsis likely to turn in its best quarterly profit in three years and a record revenue, on rising memory chip prices and brisk sales of its new foldable smartphones, analysts' estimates show.
That would be up 30% from 12.35 trillion won a year earlier and the highest since the third quarter of 2018. Revenue likely rose 11% to 74.6 trillion won, a record high. its memory chip shipments would slip in the near term, amid industry views that chip prices will tumble after peaking in July-September.
Prices of DRAM chips, used in servers, mobile phones and other computing devices, jumped 7.9% versus the June quarter, while those of NAND flash chips that serve the data storage market rose 5.5%, data from research provider Trendforce shows.
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