US EditionSamsung’s first-quarter operating profit and revenue beat expectations as chip sales rise
- Samsung Electronics announced a first-quarter net income of 8.22 trillion won , marking a 21.7 percent increase from the previous year and surpassing analysts' expectations.
- The profit rise followed a 10 percent sales increase to a record 79.14 trillion won, partly driven by consumer smartphone purchases amid looming US tariffs.
- Samsung, the world's largest memory chipmaker, faces growing challenges from global trade tensions and heightened competition from Chinese firms in low-end memory products.
- Analyst Sheng Win Chow noted Samsung’s early rollout of AI features starting with the Galaxy S24, which enhanced its competitiveness as tariff negotiations continue between Washington and Hanoi.
- Despite uncertainties, Samsung expects performance improvement in the second half of 2025 assuming reduced trade tensions, though its operating margin is predicted to remain moderate.
63 Articles
63 Articles
Samsung overtakes Apple to lead global smartphone market in Q1 2025: Canalys Report
In the first quarter of 2025, Samsung topped the smartphone market with a 20 per cent share and 60.5 million units shipped. Apple secured 19 per cent, fueled by US growth. Global smartphone shipments saw only a slight increase, reflecting varied regional performances and evolving market dynamics.
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Samsung Electronics posts 22% jump in Q1 net profit
South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 percent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs.
Samsung Electronics operating profit rises slightly in Q1
Samsung Electronics reported on Wednesday a small rise in first-quarter operating profit as customers concerned about U.S. tariffs rushed to purchase smartphones and commodity chips, mitigating the impact of its underperforming artificial intelligence chip business.
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