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Samsung Electronics tips record Q1 profit as chip boom winds down

Even if DRAM price growth is at its peak, analysts said Samsung remained on track for record annual earnings


Samsung Electronics Co Ltd tipped a surprise record first-quarter profit on Friday but market reaction was muted due to growing concerns that the semiconductor boom that has driven the South Korean tech giant's earnings is about to end. Samsung shares fell after the announcement as analysts forecast similar or lower profit in the second quarter, due to slower growth in DRAM chip prices and higher marketing costs for the flagship Galaxy S9 smartphone. "Even if profits start falling in the second half, Samsung will have a strong balance sheet this year," said Song ...

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First Published: Fri, April 06 2018. 15:36 IST