Samsung sets record profits for Q2 2017 with Note 8 expected to keep momentumBy Robin-Leigh Chetty 27 July 2017 | Categories: news
The second quarter of 2017 has proved to be a very successful one for Samsung, with the South Korean manufacturer registering an operating profit of KRW 14.07 trillion ($12.6 billion) during this financial period. While it marks a new record for the company in terms of operating profit, sales were slightly down compared to the same period last year.
According to Samsung, the reason for the decrease is down to the rising cost of components, specifically for the company's latest flagship devices - the Galaxy S8 and S8+. That said, with Samsung manufacturing Exynos CPUs, storage and OLED displays for several mobile devices, they're likely set to cover any losses in the next quarter, in our opinion.
Added to this, the impending release of the Galaxy Note 8 (23 August 2017) is also expected to bolster Samsung's performance for the rest of the year, provided no battery mishaps affect the forthcoming phablet.
With Samsung bouncing back strongly following the Galaxy Note 7 fiasco, as well as internal corruption, the South Korean company seems to be leading the way once again in the mobile market. It should be interesting to see how the likes of Apple, LG and Huawei respond.
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