Samsung profit up 50%
Author: EIS Release Date: Apr 18, 2022
Samsung’s Q1 operating profit was up 50% at $11.6 billion on sales that were up 18% at $62 billion.
Chips for servers and 5G drove the profit. The DRAM ASP fell 4% and the NAND ASP fell 3% but the NAND ASP is expected to rise 5-10% in Q2 after the contamination issues at Kioxia.
Samsung shipped 72 million phones in the quarter – down 11% y-o-y.