STORY: Samsung Electronics is ready to beat forecasts, probably with slightly unintended assist from Donald Trump’s tariffs.
The South Korean tech big mentioned Tuesday that working revenue would hit virtually $4.5 billion for the January-March quarter.
That’s nicely above estimates by analysts, who had predicted a giant drop.
One issue could have been patrons speeding to beat the imposition of a 25% levy on exports to the U.S., because of kick in from Wednesday.
Although reminiscence chip costs dipped over the interval, one analyst informed Reuters that it seemed like volumes had been boosted by prospects attempting to fill up.
It could have been the same story for smartphones, with indicators that U.S. retailers put in massive orders forward of the tariffs.
Now analysts say Samsung might see a corresponding dip in gross sales over the approaching months, if prospects actually have stocked up.
The corporate additionally faces questions over its AI chips.
Samsung has struggled to produce U.S. champion Nvidia with high-end silicon.
It has additionally warned of successful from Washington’s restrictions on gross sales to China, its greatest market.
Earlier within the yr, Samsung executives have been compelled to apologize over the agency’s struggles within the AI market, the place it’s been lagging native rival SK Hynix.
On Tuesday, the main target was on the better-than-expected earnings numbers although.
Samsung shares have been up round 1% by early afternoon following the figures.
The corporate will now launch detailed earnings on the finish of the month.
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