SEOUL— Samsung Electronics Co. forecast record quarterly revenues and a 50% rise in first-quarter operating profits over the prior year, owing to strength for memory chips and a robust rollout of its latest flagship smartphones.
Samsung’s performance speaks to how the prolonged chip shortage continues to boost business for tech suppliers. But sales of the South Korean tech giant’s memory chips and smartphones could face risks of decline in the months ahead as factors including the Russia-Ukraine war and record inflation could dampen consumer sentiment.
