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Samsung Expects An Unfathomable Fifteen Times Operating Profit Increase For The Q2 2024 Quarter, As Demand For AI-Related Chips Boosts The Company’s Growth

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Samsung expects a 15x operating profit growth in Q2 2024

Fortune is favoring Samsung for the second quarter in a row because just like its Q1 2024 earnings, where the company netted an incredibly impressive 933 percent operating profit growth compared to Q1 2023, the Korean giant expects to witness a similar outcome, but this time, the rewards are expected to be much higher. In its Q2 2024 guidance, the company predicts a 15-fold rise in operating profit, as rebounding semiconductor prices driven by the AI boom have helped turn around Samsung’s financial outlook. Samsung predicts that its operating profit for Q2 2024 will reach $7.54 billion 2023 was tough […]

Read full article at https://wccftech.com/samsung-q2-2024-guidance-15-times-operating-profit/

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