Samsung sees record quarterly revenue on chip need

Samsung Electronics has actually reported a record quarterly earnings thanks to rising worldwide need for memory chips.

The South Korean tech giant reported an operating revenue of 14 trillion won ($ 12bn; ₤ 9.3 bn) in the 3 months to June, up 72% on a year previously.

Sales climbed up 18% to 60 trillion won, buoyed by strong sales of mobile phones consisting of the brand-new flagship Galaxy S8.

Experts say the outcomes show Samsung has actually recuperated from the dreadful Galaxy Note 7 recall.

That handset was axed after a battery fault caused some gadgets igniting.

Likewise on Friday, Samsung introduced a brand-new phone in South Korea using parts from the Note 7 to “reduce the ecological effect” of its prominent flop.

Track record recuperated?
Some research companies anticipate that Samsung is set to surpass Intel as the world’s most significant chipmaker by sales this year.

It has actually gained from both increasing need and rates for semiconductors, or memory chips, which are used in smart devices and computer systems.

A Samsung consumer searches a websites revealing a fire-damaged Samsung Note 7 smart phone, on a comparable gadget, at a Samsung store in a shopping center below the company’s head office in the Gangnam district of Seoul on October 12, 2016

The Galaxy Note 7 recall saw Samsung’s market share slip previously this year.

The Note 7 ordeal harmed Samsung’s track record and triggered it to lose its position as the world’s most significant mobile phone maker in the very first quarter.

Competitors such as Apple and China’s Huawei, Xiaomi and Oppo acquired market share following the recall.

Samsung has actually likewise seen its image dented by the arrest and continuous trial of de-facto chief Jay Y. Lee over a political bribery scandal. Mr Lee rejects the charges.