The financial accounts are still being prepared, but Samsung should claim a market share higher than the US competitor once it submits the financial report for the second quarter of the year. According to the first estimates of Samsung Electronics, the second quarter of 2017 should have been the most profitable ever for the company. The increase in the memory chip sector has sustained this rise, which according to Venture Beat may even lead the technology to steal the biggest manufacturer title in the industry from Intel that has been in place since 1991.
The demand for more processing power seen in the smartphone and server industry over the past few months has benefited the brand that now plans to invest $18.6 billion in South Korea to expand its chip business Memory and mobile phone displays.
“Starting in the second quarter, Samsung will become the number one company in market share due to the recent increase in its presence in data centers and the increased demand for SSDs,” explains NH Investment & Securities analyst, Peter Lee.
Samsung’s operating profit for the months of April, May and June is expected to increase about 67% over the same period in 2016, reaching, this time, 10.037 billion euros. Experts believe, however, that this amount will increase during this quarter.