Samsung Elec expects 2Q profit fall due to Covid-19


The logo of Samsung Electronics is seen at its office building in Seoul, South Korea January 7,2019. Picture taken January 7,2019. REUTERS/Kim Hong-Ji/Files

SEOUL: Samsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid.

Samsung said its operating profit rose 3% in the January-March period, in line with an earlier estimate, as work-from-home orders boosted demand for server and computer chips.

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Samsung Electronics , Covid-19 , chips , smartphones , TVs

   

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