Strong demand for chips and foldable smartphones will allow Samsung to exceed analyst expectations

Samsung Electronics is expected to release preliminary third-quarter results this Friday. According to the source, the growth in operating profit is likely to be in double digits. This is driven by strong demand for chips and foldable smartphones, as well as the weakening of the South Korean currency.

Analysts believe that the operating profit of the South Korean giant may even exceed market expectations, expressed by such values: 27.6% growth compared to the third quarter of 2020 and $ 13.4 billion in absolute terms. According to the average forecast of 22 brokers, revenue growth is expected to be 9.3%.

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