SHANGHAI/SEOUL (Reuters) – Smartphone sales in China are rising again as COVID-19 cases there decline and global demand for chips used in work-from-home networks is surging, positioning Asian tech firms for a slow but steady recovery, their early quarterly report cards showed.
FILE PHOTO: People wears masks in front a Samsung Store at a main shopping area as the country is hit by an outbreak of the new coronavirus in downtown Shanghai, China February 21, 2020. REUTERS/Aly Song/File Photo
Samsung Electronics (005930.KS) guided on Tuesday to a better-than-expected first-quarter profit, as data centres stacked up on memory chips to deal with a rise in virtual meetings.
And Apple Inc (AAPL.O) supplier Foxconn (2317.TW) reported on Monday a drop in March-quarter sales that was slightly smaller than it had first estimated.
As well, news that the number of new COVID-19 cases were receding in Europe and starting to plateau in some parts of the United States – big markets for Asian tech…
Source Reuters Tech News
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