Samsung predicts another record setting quarter on back of Note 8By Robin-Leigh Chetty 13 October 2017 | Categories: news
Samsung appears to have some mixed fortunes at the moment. The company's CEO Kwon Oh-hyun recently stepped down from his position citing "unprecedented circumstances", but sales seem to be at an all-time high for the South Korean manufacturer. Specifically on the mobile side, with back-to-back record setting quarters projected.
Samsung's earnings guidance for Q3 of 2017 estimates roughly 14.5 trillion won ($12.8 billion) in operating profit, with 62 trillion won ($54.7 billion) in revenue for the quarter. Of those numbers come to fruition, it would represent a year-on-year revenue increase of 28%, with sales of the Galaxy Note 8 largely viewed as the key driver for the mobile division.
Considering the fiasco that was the Galaxy Note 7, Samsung has done well to bounce back, with both the Galaxy Note 8 and Galaxy S8 proving favourites among critics and consumers alike.
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