Samsung is set for its best-ever quarter.
Samsung's stellar performance in 2017 is set to continue into the second quarter. After recording the earlier this year, the company is now 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 likely contributing to 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.
Alongside a strong showing in the semiconductor space, Samsung has recorded healthy global sales of the series. The company will release the full earnings results later this month.
Samsung's stellar performance in 2017 is set to continue into the second quarter. After recording the earlier this year, the company is now 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 likely contributing to 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.
Alongside a strong showing in the semiconductor space, Samsung has recorded healthy global sales of the series. The company will release the full earnings results later this month.