People walk past the logo of Samsung Electronics at the company's Seocho building in Seoul on July 30,2020. - Samsung Electronics reported on July 30 its net profit grew 7.3 percent year-on-year in the second quarter, with strong demand for memory chips overcoming the impact of the coronavirus pandemic on smartphone sales. (Photo by Jung Yeon-je/ AFP)
SEOUL: Samsung Electronics Co Ltd expects a global recovery in demand for smartphones and consumer electronics to underpin profits in the second half of the year, after a coronavirus-propelled shift to online working boosted quarterly earnings.
Samsung, the world’s top maker of memory chips, tempered its relatively upbeat forecast when announcing second quarter results yesterday with a warning that the pandemic and trade disputes posed ongoing risks for earnings.
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