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| Samsung expects better financial results even with Corona |
Samsung said on Tuesday that chip sales could help mitigate the effects of the new Coronavirus (COVID-19) pandemic and that operating income for the first quarter of 2020 could increase slightly compared to the recession. a year ago. On smartphones and televisions.
The world's leading semiconductor companies are benefiting from high demand for chips from laptop and data center manufacturers. This is a homework assignment caused by the inevitable struggles of mobile and consumer electronics companies.
Samsung expects operating profit to reach 6.4 trillion won ($ 5.2 billion) in March, compared to 6.2 trillion won a year earlier. In the year, analysts' forecasts were 6.2 trillion won. Revenue could grow 5% year on year to 55 trillion won, according to an estimate of 55.6 trillion won.
The manufacturers of smartphones, televisions, home appliances, memory chips and displays are the first global technology companies to issue earnings estimates for the first quarter of the year.
Samsung said last month: Coronavirus will harm smart phone sales by 2020, smart phone sales will account for about 47% of sales and the consumer electronics industry, and demand for data centers will increase the recovery of the memory chip market.
At the end of last year, when the corona virus broke out in China, the strategy of expanding Samsung's manufacturing base in countries like Vietnam and India looked successful, as Chinese supply disruptions affected competitors such as Apple. As the virus spreads across the world, Samsung has also had to close factories and retail stores in Europe, India and the United States.