Memory chips helped Samsung Electronics through another record quarter. But headwinds are forming, both short and long term. The industry consolidation that has helped all major memory chip players could soon be undermined by new supply from China.
The South Korean tech giant said on Thursday it expects revenue in the last quarter to have hit a record 77 trillion won, the equivalent of $63 billion, an increase of 18% compared to the previous year. Operating profit is also expected to grow 50% year-over-year. Both numbers are above consensus analyst estimates according to data from S&P Global Market Intelligence. Samsung will release its full results later this month.