SEOUL : 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.
An unprecedented global shortage in semiconductor chips amid the pandemic has underpinned Samsung's results and shares, which soared 45per cent last year and hit a record high at the start of 2021. Prices of DRAM chips, used in servers, mobile phones and other computing devices, jumped 7.9per cent versus the June quarter, while those of NAND flash chips that serve the data storage market rose 5.5per cent, data from research provider Trendforce shows.
Source: Entertainment Trends (entertainmenttrends.net)
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