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Samsung expects record $80bn quarterly profit as AI memory demand soars

First reported Source: The Next WebLast editorial activity
Detailed close-up view of a smartphone with a textured back cover emphasizing modern design and technology.
Illustrative photo.Photo by Pixabay on PexelsSamsung logo shown for identification only; no affiliation with or endorsement of WORLDTECH is implied.

What happened

Samsung Electronics expects its operating profit for the third quarter to reach a record level of about 107.4 trillion won ($80bn), a significant increase from 12.17 trillion won a year earlier. The South Korean company released its preliminary figures today. Samsung is an electronics company based in Suwon, founded in 1969.

Key facts

  • The South Korean company — released: its preliminary figures today

Sources & evidence

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