Does the upbeat second quarter earnings forecast from Asia’s biggest technology group signal a broader tech recovery?
As the country’s biggest exporter, what is good for Samsung Electronics is good for Korea – and the prospect of a fivefold increase in consolidated operating profit from the first quarter is indubitably good. (Compared with a year ago, however, Samsung’s $1.7bn to $2bn projection is roughly flat.) It is a fair bet Samsung will deliver on its promises.
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Samsung predicts sharp rise in profits – FT