Samsung estimates operating profit +32% thanks to jump in chip prices

(Il Sole 24 Ore Radiocor) - Rome, Oct 14 - Korean tlc group Samsung Electronics has announced that it expects a 32% year-on-year increase in operating profit in the third quarter. In detail, the company forecasts sales of around 12.1 trillion won (€7.33 billion) in the July-September period, up from 9.18 trillion won (€5.57 billion) in 2024. This strong growth would be driven in particular by robust demand for Samsung's conventional memory chips, which would offset declining sales of its high-performance products. The group's forecast for total sales is for 86 trillion won (€52.1 billion), an 8.7% year-on-year increase.

A net profit forecast has not yet been published and final figures are expected to be released at the end of the month.