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PC Gamer
PC Gamer
James Bentley

Samsung rakes in nearly $5 billion profit from companies hoarding memory chips like Smaug ahead of Trump's tumultuous tariffs

San Jose, USA - August 7, 2014: Outside the San Jose Samsung headquarters at 601 McCarthy Ranch Rd.

As major US tariffs are starting to disrupt manufacturers, Samsung managed to get a small boon as customers bought its memory and phones for fear of tariffs bringing prices up.

According to a report by Reuters, Samsung made an estimated operating profit of 6.6 trillion won ($4.47 billion) for the January to March period this year, which is 1.5 trillion ($1 billion) more than the 5.1 trillion ($3.4 billion) estimated by the London Stock Exchange Group. This figure is slightly smaller than the same period last year but higher than what Samsung made in the previous quarter.

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