Memory crisis puts Samsung on track for the biggest quarterly operating profit in tech history
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What just happened? The AI-driven memory crisis continues to be a nightmare for everyday consumers, with component prices reaching astronomical levels. But it's a boom time for the companies behind the technology. Samsung, for example, has just reported that its quarterly operating profit is expected to reach $80.2 billion. Not only is that up 782.5% YoY, it would be a world-first for any technology company. Incredibly, though, it still missed some analysts' expectations.
Samsung's preliminary guidance puts operating profit for July through September at 107.4 trillion won ($80.2 billion), compared to 12.17 trillion won ($9.1 billion) a year earlier. Revenue is expected to reach 195 trillion won ($145.6 billion), an increase of almost 127%.
Even compared with the previous quarter, those numbers are enormous. Operating profit climbed 20%, while revenue increased 13.7%. That...
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