Technology

Samsung Electronics foresees expectations-beating Q2 profit

Samsung Electronics foresees expectations-beating Q2 profit

Samsung Electronics forecast an expectations-beating jump of more than 53% in second-quarter operating profit Wednesday thanks to strong chip prices and operations resuming at the South Korean tech giant’s key United States factory. The world's biggest smartphone maker said in an earnings estimate that it expected operating profit of around 12.5 trillion won ($11 billion) for April to June, up from 8.15 trillion won a year earlier.

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