Samsung is benefiting from higher demand for chips from laptop makers and data centres amid the coronavirus-driven shift to working from home.
Samsung's revenue fell 13.5 percent to 52.4 trillion won, also in line with its earlier estimates.
Samsung is expected to deliver record profits this year, on the back of a memory market boom and strong sales of its Galaxy S8 smartphones.
When the Samsung Galaxy S3 was launched in May 2012, it transformed the fortunes of the Korean manufacturer. In fact, the Samsung Galaxy S3 went on to become the most successful Android smartphone of all time! Three years later, Samsung it looking closely at its flagship phones – the Samsung Galaxy S6 and S6 Edge.
In today's cut throat competition amongst some of the major tech companies, everyone is striving to be at the number one position by presenting the masses with the best in the field of personal technology.
Facing increasing competition from arch rival Apple and smaller Chinese manufacturers, the world's top handset maker reported a net profit of 4.6 trillion won ($4.3 billion) for the January-March period, down 38.9 per cent from a year earlier.
Samsung on Wednesday tipped further earnings improvement in the second quarter after confirming its highest profit in three quarters in January-March, but voiced some caution about the second-half outlook.
Samsung Electronics Co Ltd will likely need to do more to settle an investigation...
Global sales of the Galaxy Note II have now exceeded 5 million units.
It looks like the Samsung Galaxy Note II is going to get the Android 4.1.2 update soon. According to Sammobile, the ROM for the update has been leaked.
Samsung recently announced that over three million units of the the Galaxy Note II phablet have been sold since it was first launched in September, 37 days ago.