Samsung's financial performance forecast for the third quarter includes $12.8 billion (14.5 trillion won) in profit, which is up 179% over last year. The company's margins were helped by higher memory chip prices. Samsung's Q3 performance will exceed what was predicted by analysts.
Memory chip prices have been a major factor in Samsung's positive performance. Supply hasn't been increasing fast, yet demand has jumped significantly.
Revenue is being forecasted at 62 trillion won, up 29.7% year-on-year. Detailed results are going to become available later this month.
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