The slowdown in tech doesn’t appear to be weighing on Samsung as much as it has in the past.
The company on Wednesday predicted its operating profit for the third quarter would come in around 12.3 trillion won ($10.6 billion), an increase of 58% compared with the year-ago period. It also said its revenue increased by nearly 5% to 66 trillion won ($57 billion).
The quarter represents a rebound of sorts for the Korean electronics giant, which in the year-ago period reported a 56% decline in operating profit.
Samsung didn’t say what impacted its results, but it likely received a boost in demand for its chips as more people are forced to work from