Business Standard Samsung Q1 profit likely surged 45% on bumper smartphone, appliance sales
By Joyce Lee SEOUL (Reuters) - Samsung Electronics Co Ltd likely saw a 45% jump in profit for JanuaryMarch on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its U.S. plant. Spending more time at home due to the coronavirus pandemic, consumers have splashed out on an array of high-margin consumer electronics which in turn has helped cause a global shortage of semiconductors.