Breaking News
recent

Samsung forecasts record-breaking profits for the second quarter in a row

Samsung is set for its best-ever quarter ever.

Samsung's stellar performance in 2017 is set to continue into the second quarter. After recording the best-ever first quarter earnings earlier this year, the company is now forecasting that Qits Q2 profits will be the highest recorded in its history. Samsung posted profits of $8.8 billion on revenues of $44.7 billion in Q1 2017, and the manufacturer is now estimating it'll make a profit of $12.2 billion on sales of $52 billion in Q2.

Samsung's most profitable quarter to date is Q3 2013, where the South Korean company managed $9.6 billion in operating profits. Back then, a bulk of the profits were from the mobile unit, but this time around, Samsung's chip division is contributing a majority of the profits. In fact, Samsung is set to surpass Intel as the world's largest semiconductor in terms of quarterly sales. The company is set to invest $18.6 billion into expanding its memory and display manufacturing facilities.

Samsung will release the full earnings results sometime later this month.



from Android Central - Android Forums, News, Reviews, Help and Android Wallpapers http://ift.tt/2tTCsDt
via IFTTT
Oyetoke Toby

Oyetoke Toby

Related Posts:

No comments:

Post a Comment

© CITGuru. Powered by Blogger.