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Samsung Posts Profit Increase as Pandemic Fuels Tech Demand
SEOUL—Samsung Electronics Co. reported its largest profit in more than 18 months, fueled by a bounceback in smartphone sales and demand for memory chips. The South Korean giant, like many other technology companies, has largely sidestepped a financial fallout as pandemic-induced shifts to working and studying from home have boosted demand for Samsung’s core products.
SEOUL—Samsung Electronics Co. reported its largest profit in more than 18 months, fueled by a bounceback in smartphone sales and demand for memory chips.
The South Korean giant, like many other technology companies, has largely sidestepped a financial fallout as pandemic-induced shifts to working and studying from home have boosted demand for Samsung’s core products.
As…