What They Say
Samsung released its guidance on its Q1 result and said that it expects to report a jump of 50% in operating profits for its best Q1 result since 2018, on the back of solid demand for memory chips. Disruption at a rival NAND Flash supplier helped. Profits should reach $11.6 billion on sales of $63 billion.
Counterpoint put smartphone sales at 72 million in Q1, down 11% from last year, mainly because of a later release of its flagship smartphone. The S22 sold 50% more in its first week than the S22 and is estimated to have shipped 6 million units by the end of the quarter.
The full result will be on April 28th.
What We Think
Samsung has so much strength in semiconductors that helps its ability to invest elsewhere. (BR)
