Friday, 24 March, 2023

Samsung expects big boost in third quarter

<p>The slowdown in tech doesn&rsquo;t appear to be weighing on Samsung as much as it has in the past. The company predicts its operating profit for the third quarter would come around $10.6B, an increase of 58% compared with the year-ago period. It also said its revenue increased by nearly 5% to $57B. The quarter represents a rebound of sorts for the Korean electronics giant, which in the year-ago period reported a 56% decline in operating profit.</p>