Samsung’s revenue increased 20% in the latest quarter, as the company’s results underscored the global appetite for digital goods and services
SEOUL— Samsung Electronics Co. offset relative weakness in smartphone shipments by capitalizing on another quarter of roaring demand for its memory chips.
Samsung, the world’s largest smartphone and memory-chip maker, is considered an industry bellwether because it is both a major electronics maker and components supplier to the world’s biggest tech firms, including Apple Inc. and Sony Group Corp. The South Korea-based company posted second-quarter net profit of 9.63 trillion won, or the equivalent of $8.37 billion. That represented a 73% increase from 5.56 trillion won a year earlier.
Revenue increased 20% to 63.67 trillion won. The performance topped analysts’ estimates and underscored
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