"A significant shortage of memory products across the board is expected to continue for the time being," Kim Jaejune, a Samsung memory chip business executive, told analysts on its post-earnings call. Samsung posted 20 trillion won ($13.98 billion) in operating profit for the October to December period, in line with its estimate and up from 6.49 trillion won a year earlier. The South Korean company's revenue rose 24% to 93.8 trillion won ⁠in the quarter from a year earlier. In contrast, its mobile profit declined by 10% to 1.9 trillion won, squeezed by surging chip ‍prices. He expects Samsung’s profit to surge five-fold to around 35 trillion won in the current quarter from a year earlier.