ZDNet on Nostr: Samsung expects AI to drive sales of chips and smartphones in 2024 ========== Samsung ...
Samsung expects AI to drive sales of chips and smartphones in 2024
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Samsung expects the demand for chips and tech devices to remain strong throughout 2024, driven by AI. The company reported an operating profit of 6.61 trillion won for the first quarter, a tenfold surge from a year earlier. Revenue also jumped 12.8% to 71.92 trillion won in the quarter, backed by strong sales of Galaxy S24 smartphones and increased prices of memory chips. Samsung's chip division, the Device Solutions (DS) Division, contributed 1.9 trillion won in operating profit, a return to profit after last year's 4.58 trillion won loss. The Mobile Experience (MX) Business, the company's smartphone business unit, contributed 3.51 trillion won in operating profit for the first quarter. The MX Business aims to maintain its sales momentum through the expansion of Galaxy AI to more phones, foldable devices, and tablets.
#Samsung #Ai #Chips #Smartphones
https://www.zdnet.com/article/samsung-expects-ai-to-drive-sales-of-chips-and-smartphones-in-2024/
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Samsung expects the demand for chips and tech devices to remain strong throughout 2024, driven by AI. The company reported an operating profit of 6.61 trillion won for the first quarter, a tenfold surge from a year earlier. Revenue also jumped 12.8% to 71.92 trillion won in the quarter, backed by strong sales of Galaxy S24 smartphones and increased prices of memory chips. Samsung's chip division, the Device Solutions (DS) Division, contributed 1.9 trillion won in operating profit, a return to profit after last year's 4.58 trillion won loss. The Mobile Experience (MX) Business, the company's smartphone business unit, contributed 3.51 trillion won in operating profit for the first quarter. The MX Business aims to maintain its sales momentum through the expansion of Galaxy AI to more phones, foldable devices, and tablets.
#Samsung #Ai #Chips #Smartphones
https://www.zdnet.com/article/samsung-expects-ai-to-drive-sales-of-chips-and-smartphones-in-2024/