The second largest chip manufacturer in the world, Samsung, has announced its forecast for the company's first quarter results of 2024. While it's only expecting a reasonable 8% increase in sales, compared to this time last year, operating profits are expected to improve by more than 900%—from a mere half a billion dollars up to an enormous $4.9 billion.
Unfortunately, the forecast doesn't go into any details as to why Samsung's fortunes have dramatically changed, but its financial report for 2023 gives some clues. A sizable portion of its sales income is down to the success of Samsung's memory division, accounting for roughly one third of all sales.
