Naver pulled off a record quarterly high in sales and an over two-fold increase in net profit in the second quarter as increased online content consumption in the wake of the coronavirus pandemic fueled growth for the internet giant.
Samsung Electronics reported an unexpectedly high profit in the second quarter, as extensive cost-cutting measures partnered with robust demand for memory chips and electronic appliances kept the company firmly in the green despite the pandemic.
LG Display continued to lose money in the second quarter, beset by falling demand for televisions and smartphones in the wake of the coronavirus pandemic and stagnant prices of liquid crystal display panels.
SK hynix beat market expectations in the second quarter as solid demand for server chips and computing storage devices balanced weak smartphone memory chips sales.
Samsung Electronics outperformed analyst expectations in the second quarter thanks to a stunning comeback by its semiconductor business and a one-time gain in the display division.
Samsung Electronics is expected to outperform market expectations in the second quarter as an upturn in semiconductors boosted the tech giant’s profits to make up for weakness in home appliances and smartphones.