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Samsung to ride soaring chip profits for Q1, Galaxy S8 aura in 2017

Thursday, April 6, 2017 - 05:50

As Samsung prepares to start selling its revamped Galaxy S8 from April 21, the average forecast from the same survey tips Samsung to report a record 11.9 trillion won profit in the second quarter. "Right now it's about as good as it gets for Samsung." - Park Jung-hoon, fund manager at Samsung shareholder HDC Asset Management


RECORD earnings at Samsung Electronics Co Ltd's chip division are set to propel the tech giant's first-quarter profit to a three-and-a-half-year high, and the quarters ahead could be even better if its newest smartphone, Galaxy S8, is a success.

A boom in memory chips spurred

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