Samsung predicts stronger profits for Q1 2017

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Samsung has announced earnings guidance for Q1 2017. The South Korean company’s January-March operating profit is expected to be 9.9 trillion won ($8.7 billion), up 48 percent from 6.7 trillion won in the same period last year. This will be significantly larger than its 6.68 trillion won ($5.9 billion) profit for the same period last year.

Samsung is expecting consolidated sales for Q1 2017 to 50 trillion won ($44 billion) in revenue. The company’s chip division will help boost its Q1 profit as there is an increasing demand of memory chips by smartphones. The company had a difficult 2016 with Galaxy Note 7 fisco however, it has received appreciation for the latest Galaxy S8 and S8+ flagships mainly for its impressive design. The final results for the quarter are expected later this month.


Author: Sneha Bokil

Sneha Bokil is a tech enthusiast and is currently using OnePlus 3T but she still treasures her Nokia N70 (M). You can follow her on Twitter @snehabokil and on Google+