Samsung Electronics and LG Electronics have forecast better than expected earnings for the first quarter.
According to the companies' earnings guidance Wednesday,… Samsung estimated operating profit in the first quarter at around 8.3 billion U.S. dollars, 44 percent higher on-year.
Projected sales also rose over 17 percent.
This was largely due to strong sales of smartphones, premium TVs and home appliances, which offset weaker chip sales.
LG Electronics says its operating profit for the first quarter is expected to reach roughly 1.3 billion dollars, up almost 40 percent on-year.
Detailed earnings are due in the coming weeks.