Samsung’s earnings guidance for Q3 2017 reveals another record profit


Samsung Galaxy Note 8_fonearena-3

Samsung has posted its earnings guidance for the third quarter of 2017, which reveals that it will post an all time high 14.5 (14.4 ~ 14.6) trillion Korean won ($12.8 billion approx.) in operating profits for the quarter, nearly tripling (178% up) from a year earlier. This will beat the 14.07 trillion won ($12.7 billion) profit that it had posted in Q2 2017.

The main reason for jump in profits is likely to be due to strong memory chip sales and price that could have helped Samsung to widen margin, just like last time. After the failure of Galaxy Note7 in the same quarter last year, the Galaxy Note8 sales along with the sales of Galaxy S8 and S8+ could also be one of the reasons for the boost in profits in the mobile sector.

Revenue will rise about 29% from a year earlier to 62 (61 ~ 63) trillion Korean won, compared to analysts’ forecast of 62.1 trillion won.

Samsung did not announce the performance of each business division. We should know the exact profit amount and division-wise results when Samsung releases its full earnings results later this month.

Source

Related Posts with Thumbnails"Samsung's earnings guidance for Q3 2017 reveals another record profit", 5 out of 5 based on 12 ratings.

Author: Srivatsan Sridhar

Srivatsan Sridhar is a Mobile Technology Enthusiast who is passionate about Mobile phones and Mobile apps. He is currently using the Motorola Moto G4 Plus. You can follow him on Twitter @ssrivatsan and on Google+