Samsung Q2 solid on server-chip demand, smartphones cloud outlook

Samsung Q2 solid on server-chip demand, smartphones

Samsung Electronics Co Ltd is likely to bring in its best April-June revenue from 2018 with an annual increase of 15%, as the continued demand for memory chips from server customers reduces low sales to inflated smartphone manufacturers.

The world’s largest smartphone maker and memory-chip maker is likely to jump to 14.46 trillion ($ 11.2 billion) per quarter, according to a Refinitiv SmartEstimate from 24 analysts, up from 12.57 trillion won last year.

Chip revenue increased approximately 49% to 10.3 trillion winners, an average of seven indicators. The chip business takes up almost half of the profits of a South Korean technology company.

In view of the need for a global memory chip, Park Sung-soon, an analyst at CAPE Investment & Securities, says US data center firms such as Amazon, Microsoft, Alphabet’s Google and Meta are expected to continue purchasing “to meet growing demand for services. of the clouds “.

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