After a dismal year, Samsung forecasts a 900% jump in profit

By Diksha Madhok, CNN

Published 3:00 AM EDT, Fri April 5, 2024

A man walks past the Samsung logo at the company's Seocho building in Seoul, South Korea.

New DelhiCNN —

Samsung Electronics has said it expects to report a huge rise in its operating profit in the first quarter, offering hopes of a strong recovery after a dismal 2023.

The South Korean tech giant estimates its operating profit to have increased to 6.6 trillion Korean won ($4.9 billion) in the January-to-March quarter, from the 0.64 trillion won reported a year earlier, according to an earnings guidance released on Friday. The forecast is higher than consensus estimates of 5.4 trillion won.

Sales are expected to have risen by more than 11% to 71 trillion won, the world’s biggest memory chip maker added. It did not provide any additional details.

The company is expected to post its detailed earnings results later this month.

The upbeat forecast comes after Samsung reported four straight quarters of declining profits, as demand for consumer devices and the chips that power them remained sluggish last year.

But the company is optimistic about this year and said in January that it expects a resurgence in demand for mobile devices, particularly with the rollout of new products such as AI-powered smartphones.

The company also expects its chip business to recover this year “despite various potential obstacles, including interest rate policies and geopolitical issues,” it had said.

After a dismal year, Samsung forecasts a 900% jump in profit

在经历了惨淡的一年后，三星预测利润增长900%

Samsung Electronics has said it expects to report a huge rise in its operating profit in the first quarter, offering hopes of a strong recovery after a dismal 2023.

三星电子称预计其第一季度营业利润将大幅增长，这为其在经历了惨淡的2023年后强劲复苏带来了希望。

The South Korean tech giant estimates its operating profit to have increased to 6.6 trillion Korean won ($4.9 billion) in the January-to-March quarter, from the 0.64 trillion won reported a year earlier, according to an earnings guidance released on Friday. The forecast is higher than consensus estimates of 5.4 trillion won.

根据周五发布的盈利指南，这家韩国科技巨头预计其1-3月季度的营业利润将从去年同期的0.64万亿韩元上涨至6.6万亿韩元（49亿美元）。这一预计高于普遍预计的5.4万亿韩元。

Sales are expected to have risen by more than 11% to 71 trillion won, the world’s biggest memory chip maker added. It did not provide any additional details.

销售额预计上涨11%至71万亿韩元，这家全球最大的存储芯片制造商说道，没有提供其他额外信息。

The company is expected to post its detailed earnings results later this month.

该公司预计在本月晚些时候公布详细的盈利结果。

The upbeat forecast comes after Samsung reported four straight quarters of declining profits, as demand for consumer devices and the chips that power them remained sluggish last year.

这一乐观预测是在三星公布其由于去年对消费类设备及其驱动芯片的需求低迷导致利润连续四个季度下降后到来的。

But the company is optimistic about this year and said in January that it expects a resurgence in demand for mobile devices, particularly with the rollout of new products such as AI-powered smartphones.

但该公司对今年持乐观态度，其在1月份称预计手机设备的需求将回升，尤其是随着AI驱动智能手机等新产品的推出。

The company also expects its chip business to recover this year “despite various potential obstacles, including interest rate policies and geopolitical issues,” it had said.

该公司还表示，“尽管可能存在的各种障碍，包括利率政策等问题”，但预计其芯片业务今年将复苏。