At Samsung Electronics Co Ltd , demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said.
), demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said.
Profit likely fell 4.5% to 6.3 trillion won from the same period year earlier, according to Refinitiv SmartEstimate, which is weighted towards the more consistently accurate analysts. “With improved demand, a spike in DRAM prices helped Samsung continue with a solid performance in the second quarter,” said analyst Park Sung-soon at Cape Investment & Securities.
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