Business Standard

Samsung sees best quarterly profit in 3 yrs on chip shortage


Samsung Electronic­s on Friday flagged a 28 per cent jump in its third-quarter (Q3) operating profit to the highest in three years, driven by rising memory chip prices and display sales for new flagship smartphone launches. The preliminar­y result was up 26 per cent from Q2, although just below forecasts, while the market reaction was further muted as analysts pencilled in a flat or slightly lower result this quarter on an expected fall in memory chip prices.

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