SEOUL (Reuters) – The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from laptop makers and data centres, but first-quarter profits are likely to remain flat as the outbreak weakened consumer electronics sales.
FILE PHOTO: ‘Closed’ notices are displayed at the entrance of Galaxy Harajuku, a flagship store of the Galaxy brand mobile computing devices by Samsung Electronics, during the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan March 26, 2020. REUTERS/Issei Kato/File Photo
The South Korean tech giant is the world’s largest memory chip maker, and its Galaxy smartphones are a major rival of Apple Inc’s products.
Samsung, which also makes home appliances and displays, on Tuesday releases guidance for the January-March quarter profit which is widely expected to be unchanged, and come under pressure in the next few quarters as the impact of coronavirus-related factory and retail stores shutdowns…
Source Reuters Tech News
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