Samsung Electronics expects to reduce demand for smartphones and PCs in the second half of the year

Samsung Electronics expects to reduce demand for smartphones and PCs in the second half of the year

The largest Korean manufacturer of semiconductor products, Samsung Electronics, reported this week on the financial results of the second quarter, reporting an increase in operating profits of 12% to $10.8 billion. In the current half of the year, this manufacturer of memory chips expects to face a decline in demand in the smartphone and PC segments, as do many competitors.

Samsung's own expectations in terms of operating profits were exceeded and reached a record level since 2018. The company's loan rose by 21% to $59.1 billion. Samsung's operating gains were partly offset by the record 20 years of strengthening of the US dollar to the South Korean War. The company's net profits reached $8.3 billion, slightly lower than the market's expectations.

All of this did not prevent Samsung Electronics, which specializes in semiconductor products, from increasing its revenue profile by 24% to $21.8 billion, but the result did not meet the projections of analysts, 22% lower. The smartphone and network equipment segment increased by 29% to $22.5 billion, exceeding the expectations of experts. SK hynix competing yesterday stated that in the current half-year, demand for memory chips would decline even in the server segment, although it had resisted this trend for quite some time.