Samsung Q1 2017 operating profit increase revised down to 30 percent

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Just two weeks ago, several analysts predicted that
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at the end of the first quarter of this year. This estimate has now been revised down. Samsung is now expected to post an operating profit of 8.7 trillion won ($7.5 billion) for the first quarter of the year which runs from January through March. The operating profit was previously expected to come in at 9.3 trillion won ($8.14 billion) Even though it’s a downward revision compared to previous estimates, it would still be a 30.6 percent increase from the same quarter last year.

Market tracker FnGuide conducted a survey of earnings forecasts for Samsung Electronics and came up with this result which suggests that sales during the January-March period might fall 0.3 percent year-over-year. As expected,
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will come to the company’s aid. Analysts expect the operating profit from Samsung’s semiconductor division to surpass 5 trillion won ($4.3 billion) for the quarter.

Despite the fact that the mobile division hasn’t had a new flagship smartphone to sell over the past two quarters, analysts still expect the division to post a recovery in Q1 2017 on the back of increased budget smartphone sales and
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.

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