After reporting a 3.4% increase in operating
profit for the first three months of the year,
Samsung had said in April it expected its
second-quarter profit to decline with the
pandemic pushing down sales of smartphones,
TVs and other products.
Analysts say Samsung, which is the world’s
largest provider of semiconductors, is
continuing to benefit from robust chip demand
generated by PCs and servers. It’s likely that the
pandemic is also forcing the company to spend
less on marketing due to traveling restrictions.