Samsung’s status as the world’s largest supplier of memory chips

Samsung Electronics announced that it expects its operating profits for Q2 to be its highest ever. It projects a total of roughly USD 12 billion, putting the company on track to achieve the highest profits ever in its history for the full year.

For many analysts, this success is partially due to Samsung’s status as the world’s largest supplier of memory chips, as well as increased demand for its highly-anticipated Samsung Galaxy 8 smartphone.

Samsung is expected to continue generating mass profits from sales of its memory chips as demand increases from global tech giants who need to expand their server capacities to accommodate an explosive growth in data in the near future.

If Samsung Electronics’ earnings preview is met, it would make the company more profitable than Apple in Q2.