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Samsung MX hit by surging memory prices; costs to rise further in Q2

Samsung Electronics\' smartphone business is being squeezed by a sharp rise in memory prices despite higher launch pricing for the Galaxy S26. The company said memory prices are expected to rise further in 2026\'s second quarter, increasing cost burdens and making a year-on-year decline in profitability unavoidable. Samsung is pursuing premium-focused sales growth and cost efficiencies, while aiming to outperform the market in both value and volume amid a tougher demand outlook.

Industry

Samsung Electronics posts Q1 operating profit of 57.2 trillion won, up 756 percent

Samsung Electronics said it posted record first-quarter results, with sales rising 69.16 percent from a year earlier to 133.9 trillion won and operating profit jumping 756.10 percent to 57.2 trillion won. Profit was driven by semiconductors as the DS division posted record sales and operating profit amid higher memory prices and growing demand for AI products. The company said currency moves also helped and R&D spending reached 11.3 trillion won.

Industry

Samsung adds travel features to Samsung Wallet, integrating boarding passes, hotels and tickets

Samsung Electronics will launch a travel service called Samsung Wallet Trips to manage travel-related information in a single app. The company said it integrates travel details previously spread across platforms, including airline boarding passes, hotel reservations and tickets for theme parks and sports events, into Samsung Wallet. Galaxy users can manage itineraries via a trip timeline that sorts information by time and location, with memo and link features. Samsung said Knox-based security, encryption and biometric authentication protect access.