Memory chips and the Galaxy S22 family send Samsung's profits through the roof

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Thanks to its always successful memory chips and a very popular Galaxy S22 smartphone lineup, Samsung expects to post its highest Q1 profit score in four years.

Although it's still a little early for tech companies to know exactly how well they did from a financial standpoint during the recently concluded first quarter of the year, Samsung is obviously not looking to break with tradition, releasing anglobal supply chain woes

that led among others to a later-than-originally-expected Galaxy S22 series release, the world's largest memory chipmaker and smartphone vendor believes its consolidated operating profit for Q1 2022 will come out to anywhere between 14 and 14.2 trillion Korean won. Considering the median figure of this estimated range, Samsung is probably looking at a net gain of around $11.6 billion for the first three months of this year, which would represent a small sequential improvement from the chaebol's

 

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