Samsung forecasts an operating profit of $12.8 billion in Q3 2017.
Samsung Electronics , but the company itself is riding a high. In its , Samsung says it recorded operating profit of $12.8 billion (14.5 trillion won) on sales of $54.7 billion (62 trillion won).
Samsung is set to record a revenue hike of 29% from the same period a year ago, with operating profits going up a massive 178%. The latest figures highlight a third straight quarter of record profits for Samsung. Back in Q1 2017, Samsung , its best-ever first quarter, and followed it up with a , its most profitable quarter ever. That number is set to be eclipsed once again in Q3.
Strong sales of the — the device saw 850,000 pre-orders in South Korea — combined with an increase in demand for DRAM and NAND modules are the likely contributors to the record profit this quarter. We'll know the division-wise breakdown once Samsung announces its earnings later this month.
Samsung Electronics , but the company itself is riding a high. In its , Samsung says it recorded operating profit of $12.8 billion (14.5 trillion won) on sales of $54.7 billion (62 trillion won).
Samsung is set to record a revenue hike of 29% from the same period a year ago, with operating profits going up a massive 178%. The latest figures highlight a third straight quarter of record profits for Samsung. Back in Q1 2017, Samsung , its best-ever first quarter, and followed it up with a , its most profitable quarter ever. That number is set to be eclipsed once again in Q3.
Strong sales of the — the device saw 850,000 pre-orders in South Korea — combined with an increase in demand for DRAM and NAND modules are the likely contributors to the record profit this quarter. We'll know the division-wise breakdown once Samsung announces its earnings later this month.