The electronics industry is currently grappling with immense pressure due to the price hikes of memory chips, which have led to significant declines in shipments of mobile phones and computers. Nevertheless, companies such as Samsung are capitalizing on this situation, demonstrating robust profit performance in the first quarter. Samsung is on the verge of releasing its preliminary financial results for Q1, with projections from 29 analysts indicating that its operating profit will reach 40.5 trillion won (equivalent to approximately $26.9 billion), reflecting a year-on-year increase of over 600%. Citibank holds an even more bullish outlook, predicting an operating profit of 51 trillion won, representing a year-on-year surge of over 700%. To put this into perspective, Samsung's total revenue for the entire year of 2024 stood at 43.6 trillion won, and now, its profit for a single quarter is poised to surpass last year's total revenue. At the close of last year, Samsung's memory gross margin hovered around 70%. In Q1 of this year, contract prices witnessed a staggering rise of over 100% compared to Q4 of the previous year, and are projected to continue their upward trajectory, increasing by 58%-63% in Q2. Samsung's co-CEO has announced plans to transition customer contracts into long-term agreements. Furthermore, if the memory shortage persists until 2028 or extends beyond 2030, manufacturers' profits are expected to continue their meteoric rise.