{"id":1881358,"date":"2024-04-08T08:19:17","date_gmt":"2024-04-08T12:19:17","guid":{"rendered":"https:\/\/platogaming.com\/plato-data\/samsung-predicts-a-bumper-2024-forecasting-a-900-increase-in-profits-for-the-first-three-months-of-the-year\/"},"modified":"2024-04-08T08:19:17","modified_gmt":"2024-04-08T12:19:17","slug":"samsung-predicts-a-bumper-2024-forecasting-a-900-increase-in-profits-for-the-first-three-months-of-the-year","status":"publish","type":"station","link":"https:\/\/platogaming.com\/plato-data\/samsung-predicts-a-bumper-2024-forecasting-a-900-increase-in-profits-for-the-first-three-months-of-the-year\/","title":{"rendered":"Samsung predicts a bumper 2024, forecasting a 900% increase in profits for the first three months of the year"},"content":{"rendered":"
<\/div>\n

The second largest chip manufacturer in the world, Samsung, has announced its forecast for the company’s first quarter results of 2024. While it’s only expecting a reasonable 8% increase in sales, compared to this time last year, operating profits are expected to improve by more than 900%<\/a>\u2014from a mere half a billion dollars up to an enormous $4.9 billion.<\/p>\n

Unfortunately, the forecast doesn’t go into any details as to why Samsung’s fortunes have dramatically changed, but its financial report for 2023<\/a> gives some clues. A sizable portion of its sales income is down to the success of Samsung’s memory division, accounting for roughly one third of all sales.<\/p>\n