Samsung’s strong earnings hint at recovery from Covid-19 fallout

Samsung Electronics reported better-than-expected profits after surging internet traffic propelled chip demand and gadget sales started recovering from the Covid-19 slump.The world’s largest manufacturer of memory chips and smartphones posted operating profit of 8.1 trillion won (US$6.8 billion) in the three months ended June, beating the 6.2 trillion won average of estimates. Sales for the quarter were 52 trillion won, according to preliminary results released Tuesday. The company did not…

Read the original article at South China Morning Post